Today the travel industry is the world’s fastest-growing industry, and with good reason. Travel can be a lot of fun but can also be stressful. You surely would not like to worry about how to pay for things when you are on a vacation . So, wouldn’t it be amazing to find an easier way to pay for your travels?
Well, luckily for all of us, there is! Forex travel cards are becoming more popular among travelers because using them makes their trips much more accessible. An International debit card is also an excellent travel card that you are likely going to need for your next trip abroad.
Now let’s have a look at the 10 most essential reasons stating why you need to carry a forex card while you are on vacation in a foreign country.
1. The Forex travel card is a traveler’s best friend
As a traveler, you want to be able to use your credit card everywhere. But what if the only available ATM is from a different bank than yours? Your Forex travel Card can help you avoid these issues by providing access to cash and other services wherever you go.
The Forex travel card is also an excellent option for those concerned about security when shopping abroad. Using chip-and-PIN technology makes it harder for thieves to make unauthorized purchases with your card, as they need both physical possession of the card and personal identification information to do so.
Additionally, you should know that an International debit card also comes with great security. Such a card has security features like a Lock/Unlock/Block card. This means you can temporarily lock and block your card if your card gets stolen.
2. The Forex Travel card comes in handy in times of distress
The Forex travel card comes in handy when you need it the most. You can use it to withdraw cash at all Visa ATMs worldwide. You can also use it to purchase at merchant outlets accepting credit cards. Your Forex card will allow you to manage your account online by loading or reloading your card through NetBanking or linking it to Paypal for online purchases.
If you search for a credit card with rewards and offers, Forex is your best bet. If you want the best Forex Card Offers, make sure you compare all the available options before making a final decision.
And speaking of distress, finding an ATM machine while traveling abroad is a hassle. So, to keep this hassle at bay you can use an International debit card. Such a card comes with an ATM locator which can help you locate the nearest ATM centers at the location.
3. It is a chip-and-PIN-enabled card
A chip-and-PIN-enabled card is a bank card with an electronic chip or EMV (Europay, MasterCard, and Visa) microprocessor embedded in it. This feature makes it more secure than those without a chip.
For example, if you are traveling abroad and your card is lost or stolen, and someone else finds it, they may be able to use it at ATMs where only magnetic stripes are accepted. This could result in losses due to fraudulent activity within minutes of being stolen. Cards with chips will not work at these ATMs as they require an additional PIN code for verification purposes.
These cards can also be used to make purchases at merchant outlets that accept Visa cards worldwide because merchants have already invested heavily into upgrading their payment terminals to accept payments from all cards, including those with chips and PINs on them.
4. You can manage your account online
There are various ways to load money onto the card online. You can use NetBanking, or link your card to Paypal for online purchases and then reload it once you return home. You can also manage your account online, checking balances and making payments quickly.
An International debit card also comes with a real-time-tracking feature which can help you track all your funds and transactions.
5. The Forex Travel Card comes with Zero* Cross Currency conversion charges
When you use your credit card as a payment for your hotel or flight booking; you will face a foreign currency conversion charge. This can add up. But, if you have a Forex travel Card, there won’t be any foreign currency conversion fees.
The fees associated with traveling abroad are often not evident until you return home, when they appear on statements and bills. Even worse: some companies may take advantage of their customers by charging hidden fees that aren’t disclosed until after purchases. A Forex travel Card helps prevent these situations from happening!
You should also know that an International debit card comes with zero loading charges and zero fund transfer fees. This means that you won’t have to pay any extra fees while loading your account and making transfers via NEFT/IMPS/RTGS.
There are many advantages to using a Forex travel card for your next trip abroad, but convenience is one of the biggest. While banks and ATMs worldwide will happily take your dollars and pounds in exchange for their countries’ local currency, it may not be as easy to access them.
You could walk around with a ton of cash on hand all day long, but that’s probably not going to make things easier when you’re looking for something fun and relaxing on your off days.
Most people would agree that having access to money whenever they need it is much better than having no flexibility when it comes down to spending or saving their earnings. Or even when it comes to withdrawing cash from an ATM if they need emergency funds during their travels. A Forex travel card makes sense because it gives you more options for withdrawing money when needed and gives you freedom from carrying large amounts of cash around all day!
As it’s a Visa card, it’s secure and has a lot of security features. Like other cards, you’ll need to enter a PIN to make purchases with the card. Your debit card has security features like chip technology and multiple encryption levels that protect it from fraudsters. It also comes with Visa Zero Liability Policy, which means you won’t be responsible for any fraudulent transactions if you lose your card or it’s stolen while abroad.
8. 0% commission
Another reason you should consider getting a Forex Travel card is that it has no commission. This means you will not have to pay extra fees for using your credit card abroad, saving extra expenses compared to other options.
For example, let’s say you want to withdraw cash at an ATM in Europe but only have US dollars in your account. You will usually be charged an additional fee by the ATM or bank for this transaction since they are converting currency on their end and yours.
Suppose instead of withdrawing cash with your debit card through one of these ATMs; you withdraw funds with your Forex credit card, which supports international transactions. In that case, there won’t be any foreign transaction fees added on top of what was already taken out. Because everything happens automatically through electronic means via SWIFT transfers between banks without human intervention!
Similarly, an international debit card also has a 0% commission feature. And this feature is applicable when you make mutual fund investments.
9. Multi Currency card
If you’re planning to travel abroad, you may wonder why getting a forex travel card is a good idea. Like all other cards, forex cards can be used at ATMs and POS terminals—but they also come with a few extra perks.
Forex cards are multilingual and allow you to pay in different currencies. This means that if your destination country uses a different currency than yours (e.g., the US dollar), you don’t have to worry about losing money when converting between currencies or paying for something at an ATM.
And if you use an International debit card you can load in INR and spend it in 150+ countries. So, you won’t have to worry a bit about exchanging currencies.
10. Lock-in exchange rates
Once you have settled on your travel destination, you must ensure that your funds are appropriately converted. This can be done by purchasing a lock-in exchange rate card. If you are going abroad and want to use your credit card at ATMs, then this is the way to go. A lock-in exchange rate card allows you to purchase currency in advance at current rates and then use it when needed.
The Forex travel card helps you keep track of your money and stay organised during your travels. It’s also the best solution for people who travel often and don’t want to deal with having to exchange currency on every trip they make. And such cards are helpful for those traveling overseas.