If you're one of those that like to carry a minimum amount of money when journeying abroad and have a little more of a protection against theft, a travel money card (also referred as pre-paid card) is just thing for your next flight abroad. These cards are safe and convenient to use. You need to use this card as a debit card to withdraw money from an ATM or as a card to pay for your purchases.
You can buy one prior to flying abroad. Pre-load it with amount of cash that you want to carry, select the currency (US dollar, Euro, etc.) and your card is mailed to your address. It has similarities to your bank debit card or credit card, and you can activate the card whenever you are prepared. You can use these pre-loaded money cards anywhere where it is accepted. In some ways it is even similar to carrying a traveler's check. The Visa and Credit card pre-paid travel money cards are rather more convenient as they're generally accepted all over the world compared to other cards.
The cards can be purchased from banks, post office, travel exchange outlets and maybe some supermarkets in other countries. They can be acquired over the telefone or on the web. These cards are in no way linked with your bank account as they are paid for ahead and you will not be charged with any interest as the cash was preloaded ahead of time. Like a traveler's check, you will be supplied with an emergency number to be contacted in case of burglary of the card.
There are a few advantages of using these cards. You often get a much better exchange rate on all foreign currencies and they also charge a really less money withdrawal fees. But all that said, never withdraw small quantities of cash at a time as mostly there'll be a minimum fees on each withdrawal. Travel money cards permit you to keep a track of all the transactions so you return back from a cheerful holiday instead of running up a heap of bills that are required to be paid later on.
Another card to iron out your vacations may become an extra complication to your "relaxing time". This is where another advantage of travel money card comes in. Once a card has been acquired, they normally work through a top-up scheme that's similar to pre-paid cell-phones. This is handy when you're far from the nearest foreign-exchange and your card is running out of credit. You can top-up your card via your cell-phone, and these additional credit top-ups are made without any extra cost.
Most insurance corporations only cover up for a specific amount of money if you lose your wallet, and in that respect travel cash card gives a safer option. They sometimes cost nothing and are also valid for a certain number of years. So if are flying abroad and you're feeling insecure with the cash in your wallet, these pre-paid cards could be a better consideration.
You can buy one prior to flying abroad. Pre-load it with amount of cash that you want to carry, select the currency (US dollar, Euro, etc.) and your card is mailed to your address. It has similarities to your bank debit card or credit card, and you can activate the card whenever you are prepared. You can use these pre-loaded money cards anywhere where it is accepted. In some ways it is even similar to carrying a traveler's check. The Visa and Credit card pre-paid travel money cards are rather more convenient as they're generally accepted all over the world compared to other cards.
The cards can be purchased from banks, post office, travel exchange outlets and maybe some supermarkets in other countries. They can be acquired over the telefone or on the web. These cards are in no way linked with your bank account as they are paid for ahead and you will not be charged with any interest as the cash was preloaded ahead of time. Like a traveler's check, you will be supplied with an emergency number to be contacted in case of burglary of the card.
There are a few advantages of using these cards. You often get a much better exchange rate on all foreign currencies and they also charge a really less money withdrawal fees. But all that said, never withdraw small quantities of cash at a time as mostly there'll be a minimum fees on each withdrawal. Travel money cards permit you to keep a track of all the transactions so you return back from a cheerful holiday instead of running up a heap of bills that are required to be paid later on.
Another card to iron out your vacations may become an extra complication to your "relaxing time". This is where another advantage of travel money card comes in. Once a card has been acquired, they normally work through a top-up scheme that's similar to pre-paid cell-phones. This is handy when you're far from the nearest foreign-exchange and your card is running out of credit. You can top-up your card via your cell-phone, and these additional credit top-ups are made without any extra cost.
Most insurance corporations only cover up for a specific amount of money if you lose your wallet, and in that respect travel cash card gives a safer option. They sometimes cost nothing and are also valid for a certain number of years. So if are flying abroad and you're feeling insecure with the cash in your wallet, these pre-paid cards could be a better consideration.
About the Author:
Henry Jones is a regular visitor - and he likes saving money! He likes FairFX and saving money while abraod.
