Summer Travel: Use a Travel Money Card When Abroad
Better rates, better protection and better budgeting make travel money cards a must-have for money-saving travellers this summer.
As cash conscious families and travellers continue to look to save money when going on holiday, Compareprepaid.co.uk, the UK’s leading comparison website for prepaid travel money cards, www.compareprepaid.co.uk argues that everyone travelling abroad this year should buy a prepaid travel money card if they are looking for peace of mind and to make money savings.
Raffick Marday from compareprepaid.co.uk explains;
“You typically get better exchange rates from prepaid travel money cards compared to most foreign exchange bureaus, plus, with many you do not have to pay traditional foreign charges associated with using credit and debit cards abroad either such as withdrawal fees and purchasing fees.”
“Anyone going on holiday this summer should certainly get a travel money card if they want to save money on currency and charges while away. There are great new cards on the market now that are easy to buy and top-up, leaving you in complete control of exactly how much you are spending, too, so you don’t have to face any nasty credit card surprises on your bill when you come home.”
Compareprepaid.co.uk Highlights Five Ways Travel Money Cards offer the Best Option for Travellers:
Better Exchange Rates
Prepaid travel money cards typically offer better exchange rates. As many normal cards add a three percent cost to the exchange rate banks get, travel money card providers tend to not add this extra charge.
No Purchase Charges
Unlike most credit and debit cards if you purchase the right travel money card you will not be charged for individual purchases while abroad.
Security
A travel money card can reduce the amount of cash you have to carry on your person at any one time. All your holiday spending money can be transferred onto the card and the card used to purchase items minimising the need to carry an excessive amount of cash. Also, the money you add onto the card is safe, held in segregated accounts and most cards are credited by risk-averse Building Societies, not banks.
No Withdrawal Fees
A travel money card does not typically incur charges for use abroad – typically around 3% of each withdrawal - if you use the card to withdraw cash. Some cards do charge though so be sure to shop around for the best deal for your specific needs.
Budgeting
It is all too easy to use a debit or credit card abroad and lose track of what you are spending. If you have a specific budget planned before you depart, a prepaid travel card enables you to transfer holiday money onto your card so you know you will only spend the amount on the card and not go over that amount. You can also get a prepaid card without having to worry about a bad credit history.
Notes:
Raffick Marday is available for interview. Please contact Dale Lovell on 01753 859 588 or email: dlovell@searchnewsmedia.co.uk to arrange an interview.
Compare Prepaid is the leading comparison site which provides information, reviews and news on prepaid cards, credit cards and bank accounts available in the UK. Visit: www.compareprepaid.co.uk for more information.
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