The current trends have changed and people are planning more International vacations. There is a surge in Indians traveling to foreign countries on a Business trip, for Higher education or Vacation with the family, with friends or in groups. Indians have started taking a vacation abroad at least once in a year. Also, the number of Indian students going abroad for higher education is growing at a faster pace than ever before.
While planning to travel abroad booking Air tickets and Hotels is on the priority list, another major part to be considered is carrying the foreign currency. There are ways for carrying money.
Forex cards the Prepaid Travel Card have many advantages over cash, traveler’s cheque, credit and debit cards other viable ways of carrying money abroad.
• It’s safe to carry Forex cards over carrying cash.
• Protects against exchange rate fluctuations.
• Cheaper than credit & debit cards.
• Loaded with Multiple currencies.
• Universally recognized and accepted.
• Offers discounts on dining, shopping, and stay and also earn points.
• Facility to reload card.
Forex card offers separate variants and benefits for students compared to travelers, like bundles insurance and discounts on educational material and accommodation.
What Is a Forex Card and How does it work?
Forex cards are like debit cards that stores and transfer International currency electronically as per the country’s currency. They can be either Single-currency Cards or Multi-currency Cards and can be used at restaurants, for shopping, withdraw foreign currency from ATMs abroad.
Multicurrency cards are for when you are traveling to countries with different currencies.
For example, if traveling to countries like France and England, having different currency. Forex multicurrency card is loaded with both Euro and GBP (Pound) as per the prevailing exchange rate on the day of purchase of the Forex Card. The money locked by the Forex service provider at a predefined exchange rate in Forex card can be used by traveler despite the soared prices later, protection against currency fluctuations.
Where to buy a forex card?
The top five banks which would make your International travel stress free and easier
#1. Thomas Cook Forex Card
#2. HDFC Multi-Currency Platinum Forex Card
#3. IndusInd Bank Multi-Currency Forex card
#4. ICICI Bank Single Currency Forex Card
#5. State Bank India Multi-currency Forex Card
Each bank has its advantages over the other also the charges of the card vary. Buying a foreign exchange card online is cheaper and easier than getting one from a bank or money changer. Make a right decision of which forex card is best for you depending on your requirements.
Portals help you in making the right decision about Forex card. With simple and easy steps and offers get the forex card at your doorstep in short time.
