Looking to get a multi-currency forex card for your upcoming trip? Are you aware of the benefits that accompany multi-currency forex cards? Indians are increasingly embarking on international trips for business and leisure purposes. Whether you are travelling to sightsee scenic places or handle business matters, creating a budget to manage your overseas spending is extremely important.
Determining your forex needs in advance is key to avoiding last-minute travel hassles that may spoil your experience. Factors like accommodation expenses and duration of stay must be taken into consideration while estimating travel costs. Once your travel budget is prepared, the next most crucial step is to decide how you are going to carry foreign exchange. The conventional methods to carry forex are banknotes and travellers cheques.
However, unjustifiably high charges associated with these methods and the fear of theft give multi-currency forex cards a clear edge over them. If you are looking for a reliable foreign exchange platform, you should consider Bookmyforex forex card as it is one of the best forex card providers in India. The platform compares forex deals across its wide-ranging network of reputed channel partners and offers multi-currency forex cards at best and lowest exchange rates.
Without delay, we will cast light on the 6 best benefits of using a multi-currency forex card when you are travelling.
1. Easy to carry and use during travel
The biggest advantage of multi-currency forex cards is that they are incredibly easy to carry and use during international travel. A heavy bundle of banknotes is bound to take up a lot of space in your baggage, thus resulting in inconvenience. Given the lightweight design of multi-currency forex cards, you can easily slide them into your pocket, wallet or whatever suits you best. Another problem with carrying banknotes is that you run the risk of going cashless in case all your money is lost or stolen.
This is why carrying a multi-currency forex card becomes mandatory for ensuring peace of mind in unfortunate situations. With a multi-currency forex card at your disposal, you can save up to 2.5% over travellers cheques and currency notes. When you buy multi-currency forex cards from a notable online forex platform, you do not have to pay any issuance fees. You can also reload your multi-currency forex card online absolutely free. By cutting down on such unnecessary charges, you can save big in the long run.
2. Widely accepted across countries
What makes multi-currency cards worth owning is the fact that they are widely accepted across countries at 30 million stores. Multi-currency forex cards can also be used at 2 million ATMs worldwide. The ATM pin will be included in the travel kit which you will get upon buying the multi-currency forex card. These cards can come in handy, especially when you are planning to embark on multi-country trips in a row. The reason being that you can load multi-currency forex cards with up to 16 different currencies at the same time.
3. Protection against forex fluctuations
Investing in a multi-currency forex card is a sure shot way to ward off unpleasant rate related surprises. It is a known fact that currencies are subject to constant fluctuations and this can make expense management quite difficult. If you opt to travel with foreign currency in the form of cash, unfavorable fluctuations can cause your money's value to decline significantly. But there is no need to be concerned as you can easily protect your hard-earned money from currency fluctuations simply by using a multi-currency forex card.
When you fill your card with foreign currency using a trusted online forex platform, the money is loaded at a fixed rate which cannot be changed. Since the rates get locked-in once your multi-currency card is loaded with money, it acts as a shield against currency fluctuations in the forex market.
4. Better savings over debit/credit card
When it comes to going on an international tour, saving money is a crucial priority for everyone regardless of how affluent the person is. It has often been seen that a majority of people use their debit cards for making payments abroad and withdrawing money from ATMs. But little do these people know that they are subjected to exorbitant service fees just for swiping their debit cards overseas. The hefty transactional charges that follow debit/credit card usage can take a toll on your pocket without you even realizing it.
If you want to save between 3.5% to 6.5% over your debit/credit card, your best bet would be to opt for a multi-currency forex card before departing on your trip. Above all, you can reload your forex card at zero service charges from the comfort of your couch provided that you have a fast internet connection. With the free unload facility, the unused balance in your card can be obtained in the form of INR when you return from your trip.
If you want to claim exclusive discounts to further maximize your savings, make sure you buy your multi-currency forex card from a well-known forex platform that has an excellent performance history.
5. Real time expense tracking and free insurance cover
Without a doubt, keeping a regular check on your spendings abroad is imperative. Multi-currency forex cards boast a real-time expense tracking facility with which you can track all the transactions you make during your international trip. Based on your preferences, you can opt to receive notifications for all your forex card purchases either via SMS or email. Since the fear of theft and counterfeit cases can intimidate some customers, leading online foreign exchange portals offer an insurance cover on their multi-currency forex cards. The cover is free of cost and it is provided solely to foster a sense of security in the minds of customers.
6. Backed with rigid security features
There is no denying that instances of card-related frauds have been rising lately. People who have never used a multi-currency forex card usually assume that it is backed with little to no security. However, the truth is that multi-currency forex cards boast rigid security features which makes them ideal for foreign trips. In case your card lands into the wrong hands, the inbuilt fraud prevention technology will ensure that fraudsters don't gain unrightful access to your money. The security of multi-currency cards is further reinforced by its solid PIN protection mechanism. If things turn out to be unfortunate and your card gets lost, you need not lose your calm.
It is so because you can reach out to your respective forex provider and opt for emergency cash support. Also, eminent forex platforms employ adept customer support teams that follow a proactive approach and are active 24*7. In case you ever face an issue with your multi-currency forex card, you can get in touch with the support agents to receive a quick solution no matter what time it is.
Traveling to foreign countries is indeed a fantastic way to break away from the ordinary and experience new cultures. Be it witnessing picturesque sights or interacting with native inhabitants, foreign trips can broaden your horizons greatly. However, things can get inconvenient if your forex needs are not taken care of prior to your travel. The good news is that multi-currency forex cards can go a long way in making your travel hassle-free. Therefore, ensure you rely on forex card to boost overall savings and simplify international payments.
