Cash has been out since the advent of plastic money. Carrying a card instead of hard cash to a foreign trip is far safer and cheaper as well as protects one against currency fluctuation. Find out why you why you should opt for Prepaid Forex Cards:
1. You get good exchange rates compared to cash
Most of the people aren’t aware of the fact that converting your money into a Prepaid Forex Card fetches them a better conversion rate than getting foreign currency. You get more value for money by converting into a prepaid card than converting your home currency directly into foreign currency.
2. Prepaid Forex Cards are a safer option than cash in hand
It is obvious that handling cash in hand, especially in a huge amount, is a hard task for many of us. Additionally, carrying hard currency to a foreign land makes the travelers vulnerable to thefts. Therefore, it is better to carry prepaid Forex cards is that PIN-enabled and are safer because of the in-built chip. Also, whether you are traveling abroad or within the country, avoid carrying excessive amount with you.
3. Prepaid Forex Travel Card is replaceable
Once you have lost your cash, there are slim chances of recovering it. Honestly, that is next to impossible. Therefore, you are advised to convert your money to a prepaid travel card. In case you have lost your card, you can get it blocked within a few minutes and get a replacement card reissued on your name. The balance from your previous card is transferred to the new card. International travelers often get their replacement card with the original Forex kit; however, you should keep the alternative card safe at your hotel or hand it over to your fellow traveler.
4. Carry multiple currencies with you
If you are planning to travel to multiple countries on your international trip, then most probably you will end up carrying currencies of different nations in a single bag thus always confusing yourself and mixing them often. However, a prepaid travel card is a smart card that allows you to store multiple currencies and then detects the country where it is used. Neither you need to worry about shuffling between different wallets carrying different currencies nor you have to worry about the safety of your cash. The preloaded local currency would automatically deduct from your card.
There are many other benefits of prepaid Forex card for international travelers such as Forex cards being cheaper than the debit or credit cards. Moreover, they are accepted widely throughout a foreign country. You can even pay your tax bill with a Forex card.