Another day, another collaborative wanderlust post for y’all! Like all vacations, international trips come with expenses. Whether they be for lodging, food, trinkets or other forms of entertainment you have to be able to pay for things; and I’m sharing a really neat way to do so today!
When going abroad, one of the main things you need to do is determine how you are going to carry your money. You have plenty of different options to choose from, including cash, traveler’s cheques, and pre-paid cards. A multi-currency cash passport card is essentially a pre-paid card that allows you to hold a number of different currencies. Read on to discover all of the benefits associated with going for this option.
Better money management – When you use a travel card, you can manage your money better because you have to load the cash onto the card before you can spend anything. If you were to use your credit or debit card, you wouldn’t be able to manage your cash as effectively.
Benefit from the best exchange rates – You can take advantage of the best exchange rates by uploading the cash onto your card at a moment when the rate is favorable.
Great for use in many destinations – As you can upload a number of currencies, this gives you the ability to use your card in various different locations with ease. This is especially busy for those going on backpacking holidays and such like. You could book hotel rooms for your entire trip using the entire card and you do not need to worry about suffering from massive fees as a consequence.
It’s safe – One of the best things about a cash passport card is the fact that it is a safe way to carry your money. If you lose your card or it is stolen, you will have a 24-hour helpline to call. They will cancel the card and issue you a new one as soon as possible.
Accepted worldwide – Nowadays, traveler’s cheques are not as widely accepted as they once were. However, prepaid cards can be used in most stores, ATMs, and banks around the world, so you don’t have to worry about experiencing any difficulty when trying to withdraw money or pay for something.
Avoid extortionate fees – If you have the right currency on your card when going on holiday, you won’t be charged any conversion fees when making a transaction. If you were to use your credit or debit card, you would be charged every time you paid for something.
When you take the six points that have been mentioned into account, it is not difficult to see why so many people are turning towards pre-paid cards nowadays. If you are planning on going on holiday in 2019, you should definitely start doing some research so that you can find the best multi-currency cash passport for your requirements. There are lots on the market, so make sure you find the right one for you.
This post was a collaborative effort – please check out my disclosure policy page for more details.