Spending money for a holiday? Be financially secure and save money by applying for a prepaid currency card. It can make your travelling experience easier and safer. At first you might be skeptical about the idea, but the advantages of carrying a prepaid currency card whenever you go abroad far outweigh trying to exchange money the old way.
The Old Way of Exchanging Currency
Before prepaid cards became popular, you'd have to carry a large amount of cash when you go travel out of the country. A lot of people feel uncomfortable carrying a lot of money with them while they travel as it's easy to lose bags or have your possessions stolen. When you actually get to the currency exchange center, you'll find that they charge incredibly high rates and it's difficult to find places where the rates are low.
Using Credit Cards
You can use credit cards to pay for goods and services but stores in foreign countries only accept certain credit cards. In addition, there's a huge surcharge that's added to your credit card because you are using it out of your country. Also, if there is an error in your receipt or you get overcharged, the chance of disputing it are slim since you'd only find out after you left the country you were visiting.
Prepaid Currency Cards Offers a Cheaper and Easier Solution
Prepaid currency cards are safer, easier, and cheaper than carrying cash or using a credit card. If you're spending money for a holiday, you should aim to save some money. Prepaid currency cards can save you as much as 10% compared to the currency exchange booths at the airport. (See our homepage for live rates of exchange). The currency card companies are trying to compete with exchange centers and are offering competitive prices for buyers.
You'll also feel secure since you're using a prepaid card instead of carrying cash. Putting the amount of money in the card will also help you control your spending since you have a budget to work with. What's more there are no interest charges, no debt to pay, and no chances of getting charged overdraft fees by your bank.
Choosing between carrying money and securing a prepaid currency card is all up to you. However, it's clear that prepaid cards are cheaper, safer, and easier to work with. If you're spending money for holiday, you might as well do it in peace and enjoy your next trip.
Get a FairFX card today to make sure that you get the best deal buying foreign currency for your next holiday.
Monday 26 April 2010, 09:55am
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