How Currency Cards Can Save You Money

Affording to travel abroad can become difficult

, especially with the rise of living costs and the decline of income. The economy is in a poor state in many countries and more people are watching their spending. The internet can help you when you come to searching for ways to save money for your holidays and business trips. The introduction of currency cards are perhaps the newest and most beneficial way that you can keep your costs down.

When you opt to buy your currency on one of the prepaid services such as CaxtonFX of FairFX, you can save up to ten percent when compared to exchanging your money through the high street or bureau de change. That can be a substantial amount which can be converted into more spending money or simply means you have less to spend out.

The cards are easy to apply for, everything can be done online. There are no credit checks so everyone is able to apply and be grantedone. This is because they have to be loaded with money so that you can use it. All these cash facilities will need a minimum payment to open the account, usually around the ten dollar mark.

Credit and Debit services from most high street banks are now able to be used abroad. However there are higher charges applied to these than the cards which are purely designed for foreign use. All of those small fees quickly add up, and should you use your credit card, you will also have extra fees applied for borrowing on your credit limit.

These prepaid cards may also have further hidden benefits. There is at least one which will save you from paying for booking fees on flights with a certain airline. Investigate early on in your holiday planning to see if you can avoid extra payments on travel arrangements.

Another benefit that makes these currency cards so worthwhile is when it comes to safety. They are easier to carry around and should you find your money lost or stolen you can be left without any funds for long periods of time. These are protected by pin numbers and can be replaced within a day with no hassle.

by: Tom Fisher

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