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Prepaid Travel Cards – Carry Forex Smartly

Get a prepaid travel card and make hassle free payments in a cost effective manner while travelling overseas…

Cash is an absolute no-no while travelling abroad. Travellers cheques are safer but have their own drawbacks and international debit cards and international credit cards…but those could be expensive as they may give you more freedom spend that you have planned.
Why not carry a prepaid travel card?

Yes, you read right. A prepaid travel card is a cost-effective and convenient way to carry foreign exchange while travelling abroad, without worrying about any follow-on charges such as international credit card charges.

  • You can obtain a prepaid travel card from a bank by filling in the requisite application form and submitting the required documents.
  • The card can be loaded with the required amount of foreign exchange (subject to a certain minimum threshold).
  • At present, most leading banks offer such cards denominated in about 8-10 leading foreign currencies (including US dollar, GB pound, Australian dollar, Canadian dollar, euro, yen, dirhams and Saudi riyals).

Prepaid travel cards are not only versatile but also economic. As the card is pre-loaded with the required amount of foreign exchange, you lock the exchange rate. Subsequently, you do not have to worry about adverse exchange rate movements.

Furthermore, you are relieved of the transaction charges levied on international transactions made through most credit/debit cards; in case of prepaid travel cards, there are no transaction charges. However, you may have to incur nominal charges on issuance and reloading of the prepaid travel card.

The unutilised balance in a prepaid travel card can be utilised on subsequent trips/transactions till the expiry of the card. Moreover, you can also encash the unutilised amount at nominal charges.

So, get a prepaid travel card for enjoying a comfortable overseas trip!

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