Forex cards | Travel card | Multi-currency card

 



Best Forex cards in India.

Forex cards are a convenient, safe and smart way to carry and spend money while travelling abroad. Forex card is a pre-paid traveller’s card that is easy to use. It offers you the flexibility of using it at merchant locations as well as withdrawing money from ATMs. It can be easily reloaded even when you are travelling. Cards offer greater security and increased protection against theft.

 

How much foreign currency to carry and how to carry it.

The above two questions a traveller need to answer while planning a trip abroad. Though cash is the most preferred way but using only it is not advisable, especially if the trip is going to be long. There are few other ways one can carry forex – traveller’s cheques, which are mostly now out of use due to inconvenience of finding banks/dealers to change the same; plastic money in form of debit /credit cards and prepaid forex cards, also known as prepaid travel card or multi-currency card. Using an international debit /credit card is fine but it is expensive.

 

For sum spent abroad utilizing Indian debit/ credit Card, the expense will contrast contingent upon guarantor, vendor and money, however would comprises of charges extending from 3.50% to 5.00%; and if credit card is used for withdrawal of foreign currency from ATMs abroad an additional withdrawal charge of 2% to 5% depending on the issuer and servicing bank of ATM is levied. 

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