Thursday 22 March 2018

Why travel currency cards are the new travel currency

Travel currency cards are introduced to enable you to spend your vacations and travelling time in a smart way. There are many risk factors involved when you travel and carry hefty cash. With the implementation of these travel currency cards now you don’t have to carry cash on you. All you need now is a smart card, a travel currency card, a card that secures all your finances on the go. Now you can access your funds anywhere and anytime on the go.

Travelling currency cards are usually prepaid cards which are available in various denominations of worldwide currencies. These cards are usually prepaid, which means the cash that you withdraw on the go is deducted from your bank account where you deposit funds. The travel currency cards are linked with various international companies.
However, the maximum amount that you can carry in your currency card depends on the guidelines issued by RBI (Reserve Bank of India).

BENEFITS OF TRAVEL CURRENCY CARDS

 Security
The travel currency card is protected by using the system of biometrics. The funds are secured on the go and there is minimum chance of theft. The travel currency card also allows you to withdraw funds anywhere and anytime, thus, you don’t have to carry huge denominations of cash where you are going.

 24*7 Services
The financial institutions always provide excellent customer care support 24*7. During any emergency, the financial institutions will provide their best of services as necessary.

 Duty free shopping
Travel currency cards also provide you with duty free shopping facilities at airports of various locations. With the use of these smart cards, now you don’t have to pay extra charges for any souvenirs that you bring for your loved ones.

 Travel insurance
The financial institutions ensure that your finances are secured when you are on international tours. They offer 360 services and insurances that always comes in handy when you are on the go.

 Convenience
No matter which country you visit, these travel currency cards ensure that while you withdraw funds in any country, the cash that comes out are completely in denominations of that respective currency. There are minimum conversion fees and totally hassle-free.

 Instant activation
Now you don’t have to go to third parties to secure your foreign exchange. You can go to your respective bank account branches and apply for a travel card which gets activated instantly. There is no waiting period or long procedures for foreign exchange so you can have a tension free journey.

Thus, travelling currency cards are the new travel currency. However, one must know the exchange rates and conversion fees according to which you will withdraw money from your own account.

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