Many students aspire to pursue their career abroad. It is a culmination of excitement as well as apprehensions. Students who face financial constraints opt for education loans and get their dreams fulfilled. But what about the day to day costs and expenditure while studying overseas? What if you fall sick or meet with an accident and need cash immediately? Considering you are abroad, money might take time to reach that is sent from home. To avoid such crisis, it is best to keep a student forex card with you.
What is a student forex card?
A forex card for student, also known as student travel card, fulfils currency requirement as well takes care of a student’s needs such as accommodation, travel, education, medical emergencies, and many more.
Owning a student travel card has its advantages. Listed are some of them:
1) No exchange-rate fluctuations: If you are travelling to abroad for the first, a forex card acts like your best friend. Under a student forex card, you have the liberty to lock the exchange rate if it is favourable. For example, if US dollar rate is going strong, you can freeze the rate.
2) Reload on the move: Youngsters prefer opting for smarter routes than the lengthy procedures. With the help of smartphones, you can instantly reload your forex card. If there are enough funds in your bank account, you can recharge the money quickly. This helps students to be prepared and organised for unpredicted circumstances.
3) Secured online payment: Using your debit/credit card will have 3-5 per cent of conversion charges. To avoid extra expenses, you can use the student travel card for paying your accommodation charges or university fees.
4) No risk of fraudulent activities: In case you use your credit/debit card that is linked to your bank account, chances of fraudulent activities are high. There is no guarantee of receiving the money back despite complaining to the concerned authorities. If student forex cards are stolen, there is no need to panic. Your hard-earned money will remain untouched as they are not linked to your bank account.
5) Appropriate usage of backup card: Students who use a forex card for the first time receive a replacement card in their kit. In case the card gets stolen, you can not just file a complaint, and have it blocked, you can also use the backup card provided to you.
A student forex card acts like a survival kit for a first-time overseas traveller. It is advisable to use the card with discretion and guard the card with a secure pin.
What is a student forex card?
A forex card for student, also known as student travel card, fulfils currency requirement as well takes care of a student’s needs such as accommodation, travel, education, medical emergencies, and many more.
Owning a student travel card has its advantages. Listed are some of them:
1) No exchange-rate fluctuations: If you are travelling to abroad for the first, a forex card acts like your best friend. Under a student forex card, you have the liberty to lock the exchange rate if it is favourable. For example, if US dollar rate is going strong, you can freeze the rate.
2) Reload on the move: Youngsters prefer opting for smarter routes than the lengthy procedures. With the help of smartphones, you can instantly reload your forex card. If there are enough funds in your bank account, you can recharge the money quickly. This helps students to be prepared and organised for unpredicted circumstances.
3) Secured online payment: Using your debit/credit card will have 3-5 per cent of conversion charges. To avoid extra expenses, you can use the student travel card for paying your accommodation charges or university fees.
4) No risk of fraudulent activities: In case you use your credit/debit card that is linked to your bank account, chances of fraudulent activities are high. There is no guarantee of receiving the money back despite complaining to the concerned authorities. If student forex cards are stolen, there is no need to panic. Your hard-earned money will remain untouched as they are not linked to your bank account.
5) Appropriate usage of backup card: Students who use a forex card for the first time receive a replacement card in their kit. In case the card gets stolen, you can not just file a complaint, and have it blocked, you can also use the backup card provided to you.
A student forex card acts like a survival kit for a first-time overseas traveller. It is advisable to use the card with discretion and guard the card with a secure pin.
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