subject: How Useful Is Travel Cards [print this page] Are you looking for an easy way to carry money abroad? Be it a vacation or an official tour, there is nothing better than travel currency cards. This article highlights the benefits of carrying travel cards abroad.
Convenience and low risk
Travel currency cards have opened a new and a better way to carry money abroad. They save you from the hassle of carrying huge amounts of hard cash on your trip. They are a more convenient and easy alternative to carrying bundles of currency notes along with you. As compared to cash, travel cards have less chances of getting stolen or being embezzled. If your card is stolen, you can get it blocked and save yourself from huge losses. However, if your money gets stolen, there is no way out to recover it.
Facility of locking exchange rates
Most of the travel currency card providers offer an option to lock-in the currency exchange rate when you load your card. This means that you can hold your cash if you anticipate the exchange rates to get better before your date of departure. On the other hand, you can exchange your currency right away if you anticipate the exchange rates to fall. In a nutshell, you have an opportunity to exchange your travel cash at the best exchange rates.
Other benefits
Most of the travel card providers offer you the facility to check your latest balance and the history of card transactions online. Some card companies also provide extra services such as sending your balance update after every transaction on your mobile phone. There are companies who even let you reload your card on the basis of a message sent from your mobile number or through internet. If you manage to get the right card provider, travel cards also make for one of the cheapest ways to carry liquidity abroad. All you have to pay is a negligible transaction fee or ATM fee. Some companies dont even charge that.
by: Devid Anderson
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