Using a prepaid forex card, when travelling overseas, not only gives you the freedom from currency fluctuations, but also keeps your money safe. Seasoned travellers prefer forex cards over other modes of foreign currency transaction.
With the internet shrinking the world into a global village and airfares getting affordable, there has been a surge in the number of international travellers. While your purpose of international travel might be any, the first thing that bothers your mind is foreign exchange. Usually, travellers carry cash of their local country and exchange it on reaching their destination. This practise not only poses a security risk as one has to carry a lot of cash, but is also expensive as you have to pay different rates to different currency exchange vendors.
Moreover, with the cost of currency changing frequently, the US dollar rate in India today will be different from what you eventually pay on reaching the destination. If currency stability and security are a matter of top concern for you, nothing beats prepaid foreign exchange cards or forex cards. Here are few of the benefits of using a forex card whenever travelling overseas.
Security:
The foremost benefit of using a forex card while travelling overseas is the peace of mind and the sense of security that you are not carrying a lot of cash. All you have to do is to approach a money changer or a bank and get a card, which is preloaded with whatever amount you think will suffice your trip. Once the bank or the money changer issues the card, you can easily carry it overseas and use it just like cash, whenever you need to pay your bills.
Affordability:
Money changers or banks charge a nominal card issuing fee to add your required funds to the card. This not only solves your overseas travel problems, but also ensures that you don't have to visit currency exchangers on the airport or at other places during your trip. Since you'll find different currency exchange vendors charging a different amount for their local currency, you can be assured that the cost you paid to the bank is what the government approves and you are not spending excess cash to get local currency in your destination country.
Usability:
We all know that paper money is now outdated and plastic money is what matters in today's world. This scenario is not just in your local country, but it is the same all over the world. Be it in any part of the world, you can easily pay your bills using the plastic card that you're carrying. Moreover, if you ever need cash, you can use the card in any ATM across the world and the machine will dispense that country's currency for you, all without having to find any currency exchange vendor.
Currency Stability:
Most overseas travellers find themselves short of cash whenever they see that the cost of currency of their destination country has increased from what it was back home. This happens as the cost of currency of different countries changes every day. The US Dollar rate in Indian ruppes today might be entirely different when you eventually reach US. Using a forex card issued by a company like Bookmyforex saves you from these currency fluctuations as when you pay back home is already converted into dollars if you're travelling to US on that day's price.
Article Source: http://EzineArticles.com
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