subject: While Buying Money Cards [print this page] Carrying money abroad was not so easy before money card came into existence. Although there are a lot of benefits of carrying a travel card abroad, you need to be careful while you buy it.
No hidden costs
Make sure that there are no hidden costs attached to the money cards that you buy. There are certain travel money providers who charge a commission every time you make any transaction through your travel money debit card or credit card. Many travel currency card providers also charge fees on your withdrawing that you make from an ATM abroad. Before you buy a currency card, dont forget to confirm whether there are any such charges or any other hidden charges attached to your card.
Buy back currency
If you are not able to spend all the money in your travel money card, you have an option to buy back your own currency. This means that you can exchange the left over foreign currency for your own currency. It is a better option if you deal with a card provider, who also gives you an option for buy back at a pre-determined exchange rate. This will help you save your effort in finding a company that provides you a good exchange rate for this conversion. It is better to go in for your online travel Card Company or high street for buy back instead of airport.
Other important points
Make necessary comparison between the various currency card providers before you buy a money card for your own needs. Carefully monitor the exchange rate movements in order to get the best exchange rate. Another important point is to avoid buying your travel card in a hurry. You might loose upon a good deal or a healthy exchange rate, if you buy your card at the last moment. Go in for well known currency card providers in order to avoid any nasty surprises later on. If possible, take advice from reliable sources as to which card best suits your liquidity requirements.
by: Devid Anderson
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