If you're taking a trip especially overseas, you're probably aware that you have to exchange your current currency. For example, you can exchange rates for US dollars at a bank, hotel, airport or a high street currency booth. However, the exchange rate for US dollar differs on every establishment you visit and many of them offer high charges on exchange rates.
Instead of exchanging it with establishments that won't give you good rates for your travels, try using a prepaid currency card to exchange your money for US dollars. Prepaid currency cards offer a good exchange rate for US Dollars. It is safe, simple to use and you can save money especially when on a trip overseas.
What are prepaid currency cards?
Prepaid currency cards are cards that can be used to pay for hotels, shopping, eating out or anything else on your trip. It functions similar to other prepaid cards but it is made to work with foreign currencies. It can be loaded with money and a user can use it like a regular debit or credit card. You can even use it to withdraw cash from ATMs and the cards come with many features.
What are the advantages in using this card?
Carrying the card is safer than bringing large sums of cash. It can be used like ordinary cards to make purchases or withdraw money. It provides added security against theft because if the card is stolen, you can easily report it to your service provider and your card can be replaced with a new one with the balance transferred. You can even get your money back provided you have given insurance to cover the cash lost.
Your private accounts are also secure as it is not linked to your personal checking or savings account, protecting you from further damage. It a great way to spend money while on your travels since the fees for the exchange rates are lower and more favourable than the rates given at foreign ATMs or exchange centers. It also gives you control over your money so that you won't be overspending. But there are no tight restrictions either. You can transfer funds at any time with access to the Internet or with a simple phone call.
Taking a vacation aboard can be very demanding. You have to consider many things from your baggage, your schedule, what to do during your trip, to your budget. Your money shouldn't be a pressing concern. You can get the best exchange rate for US dollars by getting a prepaid currency card. These cards also offer security, giving you peace of mind during your vacation.
Apply for a FairFX card today and see how much you could save on on your holiday money
Tuesday 11 May 2010, 03:15pm
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