Crucial features of a multi-current forex card

You have planned to visit some of the culturally rich places in the world with your loved ones. You have obtained your passports, visa, and air tickets. However, have you thought about how to carry foreign currency abroad? If not, you will need to sit and chart out a plan. There are several options to manage your hard-earned money abroad, such as liquid cash, debit card, travelers’ cheques, or forex card.

Compared to the said options, getting a multi-currency forex card is the best way to manage your money on your travels abroad. It is a prepaid travel card that you can load with multiple foreign currencies at once. It enables you to travel the world without worrying about cross-currency charges. You can make all kinds of transactions abroad without incurring currency conversion charges. 

Here are the crucial features of a multi-currency forex card:

●     A multi-currency forex card enables you to load it with multiple foreign currencies at once and travel to multiple countries without worrying about foreign currency transaction fees.

●     The best part is that you can avail yourself of the best foreign exchange rates while loading your forex card.

●     Foreign exchange rates are predetermined at the time of loading, so you are always protected against foreign currency exchange rates.

●     With a multi-currency forex card, you can make international bookings and payments at hotels, restaurants, stores, airlines, and petrol stations at zero or minimal extra charges.

●     It is not limited to just swiping. You can use a forex card to withdraw cash from any visa-enabled ATM abroad. You will not have to incur currency conversion charges, but you will have to incur a flat withdrawal fee on each translation you make.

●     It eliminates the hassle of standing in long queues or last-minute run to money changers to buy foreign currency. You can load and reload your forex card from the comfort of your home.

●     You can keep track of your spendings or check your balance through instant SMS & email alerts.

●     If you happen to lose or misplace your forex card abroad, you can immediately inform the forex card issuer and freeze the balance in it. Your card issuer will issue a new card and transfer the balance in it.

●     After returning to India, you can request the balance to transfer the remaining balance to your bank account.


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