All the things you can do with a multi-currency forex card

All the things you can do with a multi-currency forex card

Are you a frequent traveler, and do constantly worry about foreign exchange rates? If so, it is advisable to get a multi-currency forex card and add it to your priority list before leaving India for another country. A multi-currency forex card is a preloaded card that offers an easy and safe way to carry your money abroad. You can load it with the foreign currencies of your choice at once and travel to multiple countries without worrying about currency conversion charges.

The best part is that you can buy currency online at the best forex rates. The best use of a forex card is that you can make all kinds of payments abroad without worrying about foreign transactions fees. You can also withdraw money from selected ATMs at zero currency conversion charges. However, you are required to pay a flat withdrawal fee on each transaction you make.

Everything you can do with a multi-currency forex card

A multi-currency forex card comes with a lot of features and benefits that you can avail of during your travels abroad. Here are the top things you can do to make the best use of a forex card:

• You can load your multi-currency forex card with multiple foreign currencies. Your forex card issuer may allow you to load up to 10 to 20 foreign currencies.
• A forex card allows you to buy currency online to reload onto it when you run out of balance on your travels abroad.
• You can make all kinds of international bookings and payments at stores, airlines, restaurants, cinemas, etc at no extra charge.
• You can also withdraw cash from any selected ATM without incurring any currency conversion charges. However, you will have to pay a flat withdrawal fee on each transaction you make.
• You can request a forex card replacement if you misplace or lose your card abroad. Inform your bank as soon as you misplace your card to freeze your balance until a new forex card is issued.
• After returning to India, you can request the bank to transfer the remaining balance to your bank account.
• You can keep track of your spendings and check your balance with instant SMS alerts.

In short

So, if you are traveling abroad this coming winter, it is better to get a multi-currency forex card. It is safer to carry than liquid cash and easier to use than a traveler’s cheque. The best part is that you can buy currency online at affordable foreign exchange rates. Since the forex rates are predetermined while loading your forex card, you are protected against foreign currency rate fluctuations throughout your journey abroad.

Your multi-currency forex card comes with embedded chip technology which is more secure than magnetic strip technology. It stores your sensitive information in an encrypted format, eliminating any chances of security lapse.