You can use a prepaid currency card from anywhere in the world, pretty much like a normal credit card. The irony of this card is that you can spend as much as you want and still you will not incur any kind of debt unlike a regular credit card where you have monthly card bills, interests and payments to make.
However you need to make sure that your account has sufficient amount of cash balance at all times. The prepaid credit card works on the same principle of using a savings account linked debit card or a checking account card.
So, how do I open a prepaid credit card account? Well, it’s quite simple actually. You can open an account with a nominal fee. The fee amount varies from bank to bank. But this figure generally varies, depending upon the kind of bank you are dealing with. A prepaid credit card is of a huge benefit for people who are burdened with a bad credit rating. You will now be able to use this prepaid card to book hotel rooms, rental cars and other such things when you are traveling without having to bother about credit card bills and interests. All you have to do is maintain a sufficient cash balance in your prepaid card account.
Prepaid cards are very popular in the travel industry. Recently, we have seen the introduction of Travel Money cards which are seen as an alternate to your regular prepaid credit cards. These travel money cards are very quickly replacing the use of travel checks, foreign currency or even the good old international credit cards. There are dual advantages with a travel money card once you load your card with sufficient money. On one hand it can be used as a debit card when you have to withdraw money from an ATM and on the other hand you can use it like a credit card to make payments for any kind of purchase you make when traveling abroad.
With the way the world economy is moving, people are no longer willing to carry more money with them when on a travel abroad. In such a situation, using Fairfx travel money card is the most viable option in front of you. This is because you do not incur any charges on your Fairfx Travel Money card unlike other regular credit and debit cards. These travel cards can be used in almost all the major shopping outlets of the world, since it is simply a standard MasterCard.
The biggest advantage with the Fairfx Travel Money Card is that it is completely secure. This is because the travel money card is not connected to your bank account. Just like your pre paid mobile phones you either have to top it up via an online bank transfer or use the SMS facility.
Thursday 11 March 2010, 11:15am
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