More and more people are seeing the advantages of prepaid credit cards when they head off on holiday and, if you choose the right card, the benefits of pre paid cards for abroad are clear to see.
Why is a foreign currency card so useful when travelling? We explain.
In the past, when you have travelled abroad you have had three main currency choices.
You could either change your cash into foreign currency before you leave, take traveller’s cheques or use your credit card.
Now, though, more and more people are seeing the benefits of prepaid credit cards to use abroad.
Firstly, using a prepaid card offers many security benefits. You don’t have to carry hundreds of pounds worth of foreign currency on your person or worry about storing it in your hotel room. When you use a money card abroad you can withdraw smaller sums of currency from an ATM as you need them or use it to make purchases or pay when you're out and about.
In addition, using a foreign currency card can be convenient as they are welcomed in millions of locations worldwide. And, you often find that you benefit from a competitive exchange rate when you use your money card abroad.
What's more, using a prepaid card can help you keep control of your holiday spending as you can never spend more than you have pre-loaded onto your card.
How to compare prepaid cards to use abroad
As with other financial products, some prepaid cards are better than others.
So, if you’re looking for the best prepaid card to use abroad then it’s important that you do your research.
Firstly, it’s vital that you establish what fees and charges apply to your foreign currency card. You should look out for:
- ATM charges for withdrawing cash abroad
- Foreign transaction fees
- Charges for loading cash onto your card
You should also establish which currencies your chosen prepaid card supports in order that you can use it at your holiday destination.
Our comparison table allows you to easily compare the features, benefits and charges associated with some of the UK’s leading pre paid cards for abroad trips so you can compare prepaid cards and quickly find the best option for your travel money.
