You know how the saying goes, \u201cLive with no excuses and travel with\nno regrets.\u201d Well, there will be plenty of regrets if the majority of your\nlong-awaited abroad trip is just spent on calculating conversion charges and\nrunning about trying to find a reasonable currency converter. But these hassles\ncan be eluded if, along with hotel bookings, plane tickets, and itinerary, the\nways to carry currency are also assessed beforehand.<\/p>\n\n\n\n
From credit cards to traveller\u2019s cheque, debits cards to Forex cards, there are plenty of payment options available for people looking forward to an abroad trip. The most prominent of these is the Prepaid Multicurrency Forex Card, and for the right reasons. It is an inexpensive and convenient currency carrying option, bound to make your trip memorable and leisurely. Let\u2019s have a look at some of the utilities prepaid Forex cards bring to the table.<\/p>\n\n\n\n
Transacting using a prepaid Forex card incurs\nlittle to no markup fee. But what is a markup fee? It is the extra amount\ncharged in addition to the actual transaction value. Credit card transactions\ncharge as much as 3.5% markup fee for every swipe.<\/p>\n\n\n\n
Thankfully, Forex cards are not at the mercy of such a supplementary fee. With a prepaid Forex card, you can enjoy hassle-free shopping, allowing you to bring home the choicest of souvenirs and memories. <\/p>\n\n\n\n
But what if the exchange rate fluctuates? Don\u2019t worry; the conversion rates are locked in at a fixed amount as soon as you load money into it. For instance, if you load 2000 USD into the Forex card, that exact amount will be deposited, regardless of USD-INR oscillations.<\/p>\n\n\n\n
If you\u2019re looking to embark on a Euro trip, or a business trip involving multiple countries, it\u2019s prudent to apply for a multi-currency prepaid Forex card<\/a>. Having a Forex card which applies only to a single currency domain can lead to incurring markup fees as high as 3.5% when swiping outside the said domain. <\/p>\n\n\n\n On the other hand, multi-currency Forex cards\nallow seamless transactions in 14 currencies on a single card without any\nadditional rates. Moreover, the worldwide recognition of Forex cards allows\nhassle-free transactions in multiple areas, from shopping to paying a taxi\nfare. <\/p>\n\n\n\n Direct withdrawal from international ATMs is also made possible with Forex cards and shop the favourite stores carefree. In case you are falling short, through IndusInd Bank, for instance, you the option to reload upto Rs. 50,000 instantly, anytime, anywhere.<\/p>\n\n\n\n Forex cards are chip and pin enabled, ensuring utmost security for the money loaded within. In case your card gets lost or is stolen, it can be blocked on a moment\u2019s notice, and the loaded funds are frozen. Most of the times, a second Forex card is also provided, in addition to the primary, to ascertain a smooth-sailing experience. Furthermore, every transaction is paired up with an SMS message to alert you of any unsolicited transactions. Some Forex cards from banks such as IndusInd Bank come with \u2018Set ATM Pin\u2019 feature, which provides you additional security while currency transactions.<\/p>\n\n\n\n Keep your spending in check with dedicated online portals designed to provide you with the necessary balance information, transaction history and set currency priority.<\/p>\n\n\n\n Since duty-free stores only transact in foreign\ncurrencies, any residue amount in your Forex card can be used to buy enticing,\nduty-free items on your way back. <\/p>\n\n\n\n To conclude, Forex card is as essential as any product to have on overseas travel. When compared to other modes of transaction, like debit cards, credit cards, and travelling cheques, Forex cards come out as a clear winner. It\u2019s secure and convenient, and on top of that, saves you a lot of money. Apply for a multicurrency Forex card at Ind<\/a><\/p>\n\n\n\nSecure Transactions<\/strong><\/h3><\/li><\/ul>\n\n\n\n
Expenditure Management<\/strong><\/h3><\/li><\/ul>\n\n\n\n
Duty-free Benefits<\/strong><\/h3><\/li><\/ul>\n\n\n\n