Even in times of adversities, traveling has become inevitable. While traveling abroad, making payments are important essentials that could hardly be ruled out. Apart from Foreign currency, there are other modes to take your required currency to your travel destination like FCDD, Traveller cheque, Forex travel Card, etc.
The smartest and most practiced mode of carrying foreign currency is in the form of a Forex travel card. At the strike of a communicable disease that is hovering all around us, it is most essential to make use of contactless payment instruments. The prepaid multicurrency card is ideal with such facilities to make payment at ease.
Must know details about the forex travel card!
- Load currencies in forex travel card while traveling across the globe. Use this card like any debit card, secured with a pin at any access point for making payments and withdrawals at foreign locations.
- Combat foreign currency rate fluctuations. Foreign Exchange rates are locked once the currency is loaded hence currency rate fluctuation would not affect the current market rate instabilities.
- Card loss is a common factor during travel but rest assured. International travel card has fast blocking and deactivation facility thereby avoiding all sorts of misuse or thefts.
- Currency is loaded to the card with the current market rate that is prevailing on the day when the card is purchased.
- One time registration fee might be incurred which might vary from service providers.
- Multiple currencies such as AED, AUD, CAD, CHF, EUR, GBP, JPY, SGD, and USD can be loaded in the card. It has the facility to exchange the balance currencies to INR/local currencies.
- Often funds are loaded in USD to be paid for expenses anywhere across the world.
- International travel card has a validity of 5 years.
- The international travel card can be used 24/7 throughout the year to access cash withdrawals or make payments through PoS or swiping.
- Once you use the forex card for payment, it will automatically detect the country and its requisite local currency that is preloaded.
It is always handy to gain a little information about the forex travel card before using it. So learn more about it to use smartly.
