{"id":16425,"date":"2021-11-10T10:21:02","date_gmt":"2021-11-10T10:21:02","guid":{"rendered":"https:\/\/www.unimoni.in\/blog\/?p=16425"},"modified":"2021-11-22T09:08:02","modified_gmt":"2021-11-22T09:08:02","slug":"forex-card-vs-debit-card-vs-cash-which-one-is-the-best-for-tour","status":"publish","type":"post","link":"https:\/\/www.unimoni.in\/blog\/forex-card-vs-debit-card-vs-cash-which-one-is-the-best-for-tour\/","title":{"rendered":"What to Be Used for the Next Trip Abroad?"},"content":{"rendered":"<style><\/style><h1><strong><span data-preserver-spaces=\"true\">FOREX CARD \/ DEBIT CARD \/ CASH: WHICH ONE SHOULD YOU CHOOSE FOR YOUR NEXT TRIP ABROAD?<\/span><\/strong><\/h1>\n<p>&nbsp;<\/p>\n<p><strong><span data-preserver-spaces=\"true\">\u00a0\u00a0Should I use my credit card or debit card? Forex card or cash?<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0It is a question that hovers around before you leave for your next trip abroad. It\u2019s always better to do a little homework on how to get the most from your money overseas. The most helpful thing to do is research the internet, compare rates and charges, features and advantages of all the products on offer for your abroad trip.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Traveler\u2019s cheques were the preferable options in the past while traveling abroad. Since the advent of forex cards and the growing popularity of debit cards and credit cards, TC\u2019s are no longer a preferable option. The most important thing is to know the different options. You must know your options inside out and the pros and cons of everything on the proposal.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So, the question is, which is the best option for you? And most importantly, look for how you can avoid paying exorbitant exchange rates and charges.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">We have done a comprehensive roundup of all the options available to you when traveling abroad in this article.<\/span><\/p>\n<h2><a href=\"https:\/\/www.unimoni.in\/travel-card\/\"><strong><span data-preserver-spaces=\"true\">FOREX CARDS\u00a0<\/span><\/strong><\/a><\/h2>\n<p><span data-preserver-spaces=\"true\">Forex cards are the most preferable and popular way for travelers to carry currency nowadays. It is globally accepted and almost as good as cash. And, when needed, you can also withdraw local currency from an ATM. With this type of card, you can spend money for your travels across the world without paying any cross-currency charges. A forex card has many advantages which are worth mentioning:\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">ADVANTAGES\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf The safest form of currency carrying nowadays. Prepaid travel cards have configurable spending limits, are pin protected, and are replaceable in case the card is lost or stolen.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Free insurance cover\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Available at better rates than currency notes and traveler\u2019s cheque<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Convenient to use &#8211; 24*7 customer service, can be reloaded anytime.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There are no such mentioned disadvantages. Forex cards are, in a way, the best way to carry foreign currencies when traveling overseas. It\u2019s always good to research the features and benefits of different forex card providers. UNIMONI FINANCIAL SERVICES can answer any of your queries or assist with this<\/span><strong><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">Also, always buy your forex card well in advance because it needs 24 to 72 working hours for a card to be loaded with currency.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">CREDIT CARDS OR DEBIT CARDS<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">It\u2019s better to keep credit cards and debits cards as a backup option if you happen to run out of cash or have exhausted your forex card and cannot reload it. Credit cards and debit cards are globally accepted and are convenient ways to pay, but your payments and withdrawals will attract conversion charges.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Credit cards are best for booking Airline tickets, Hotel bills, Car rentals, Restaurant meals, while you can best use debit cards for withdrawing cash in local currency.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But, both have their advantages and disadvantages when opting for it as a primary option for traveling abroad. Let\u2019s look into it :<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">CREDIT CARD &#8211; ADVANTAGES AND DISADVANTAGES\u00a0<\/span><\/strong><\/h3>\n<p><strong><span data-preserver-spaces=\"true\">ADVANTAGES\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf The currency exchange rates are typically lower than what you will pay for exchanging currency at an airport or a money changer.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Some credit cards do not impose any foreign transaction fees at all.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf You get an interbank exchange rate whenever you use your credit card abroad for any purchase.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISADVANTAGES\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Withdrawals using credit cards is an expensive proposition as the credit card issuer will impose a cash advance fee, and the ATM owner will impose withdrawing charges.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf You should quickly pay off the due balance as soon as you return from your trip. If you fail to pay it, you will have to pay extra like late fees and accumulating interest.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf There is a chance for the card not being accepted at restaurants, stores, and even hotels because of the lack of a POS machine.<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">DEBIT CARD &#8211; ADVANTAGES AND DISADVANTAGES\u00a0<\/span><\/strong><\/h3>\n<p><strong><span data-preserver-spaces=\"true\">ADVANTAGES\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf As there are ATMs worldwide, this is the most convenient way of getting local currency but not the cheapest.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Just like credit cards, you will get the same great interbank exchange rate when you make a purchase or a cash withdrawal with your debit card.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISADVANTAGES<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Debit cards are not protected against theft or loss like a forex card or your credit card.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf If such incidents happen, inform your bank immediately because failure to report may lead to extra charges.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Any cash withdrawal or purchase will bring a conversion fee, foreign transaction charge, and foreign ATM withdrawal fees with a debit card.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">CASH<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">It\u2019s the most liquid and convenient way to pay; at the same time, cash comes with many problems. If there is a plan to travel to multiple countries, then you must carry various currencies. If you have a lot of cash, you must be extra careful with it. There are chances that your money gets stolen. So, carry some cash for convenience and emergencies, but don\u2019t carry all the forex you need in cash. Cash is of only best use till the first few hours of your trip until you find an ATM.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">ADVANTAGES\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf It\u2019s always great to carry some cash in hand before you leave your home country for your immediate expenses. Because you should not be left stranded at the airport in case the ATM is not working.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISADVANTAGES\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Exchanging the Indian rupees to cash would not get you the best exchange rates.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf It\u2019s never safe to carry large amounts of money because of apparent reasons like robbery, kidnapping, etc.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Foreign trips entail a lot of preparation and planning, even if embarking on holidays or visiting relatives. Traveling with cash\/ credit or debit cards might seem appealing at first glance. But this outdated medium of carrying money can lead to inconvenience in addition to taking a toll on your pocket.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Forex cards have emerged as the safest payment method in the 21st century. Forex cards can work wonders for fulfilling your monetary needs abroad when credit\/ debit cards only guarantee up to 6.5% savings. Whether it is paying at a local store or withdrawals from an ATM, the functionalities of a forex card will never disappoint you.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Even smartphone applications can give you complete control over your forex card in one place. So, if safety and convenience are your topmost priorities, make sure you invest in a prepaid forex card to handle your expenses abroad without any hassles.\u00a0<\/span><strong><span data-preserver-spaces=\"true\"><a href=\"https:\/\/www.unimoni.in\/\">UNIMONI<\/a> FINANCIAL SERVICES\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">make your abroad trips easier and convenient, assisting you with all your queries related to forex cards. Our services will be a one-stop solution meeting all your requirements related to forex cards. For more details, visit our website and arrange a demo call with us.<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">\u00a0\u00a0<\/span><\/strong><\/h3>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOREX CARD \/ DEBIT CARD \/ CASH: WHICH ONE SHOULD YOU CHOOSE FOR YOUR NEXT TRIP ABROAD? &nbsp; \u00a0\u00a0Should I use my credit card or debit card? Forex card or cash?\u00a0It is a question that hovers around before you leave for your next trip abroad. It\u2019s always better to do a little homework on how&#8230;<\/p>\n","protected":false},"author":3,"featured_media":16430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[41,44,55,1],"tags":[53,189,188],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex Card vs Debit Card vs Cash - Which One Is the Best for Travelling | Unimoni<\/title>\n<meta name=\"description\" content=\"Get to know which one is the best option for travelling - Forex card vs Debit card vs Cash? 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