Travel Money Card — Compare Best Travel Money Cards
What is a travel money card?
For most people that go overseas, using your normal debit or credit card frequently on holiday comes as second nature. Perhaps you leisurely whip out the card to buy a round of drinks, buy lunch for the family or use it at your favourite restaurant.
You are more than likely being ripped off on a daily basis and wasting money unnecessarily!
Welcome to the convenient alternative to old fashioned traveller’s cheques. A travel money card is a FREE to obtain prepaid card that is pre-loaded with foreign currency prior to your departure. Effectively, the travel money card eliminates the totally unnecessary complex series of fees and charges you may encounter when taking cash out or paying for goods with your everyday debit or credit card.
In a nutshell, we have found travel money cards also to be an extremely useful tool to carry whilst abroad as it helps you budget your trip, so you know exactly how much you have to spend abroad. Most card issuers listed on our travel money card comparison tables charge no ATM fees for using the card. MyTravelMoney.co.uk compares the best pre-paid travel money cards on the market, displaying the various benefits associated with the cards listed. With a travel money card, holiday money no longer needs to be considered play money!
Why get a travel money card?
By buying a travel money card, you will be able to take advantage of better currency exchange rates than you would likely obtain from the high street or (heaven forbid!) airport bureaus. Research shows that loading your travel money card with foreign currency can often beat airport rates by 8% and a healthy 5% better than the high street bureaus.
As previously mentioned, you also alleviate the complex set of fees and charges your bank will take for the convenience of using your everyday card abroad. If you use your normal credit card when taking cash out of the wall, you will have to pay interest immediately, which accentuates the costs. In most cases, when using a travel money card there are no ATM fees for drawing money out the wall and are often the safest option when travelling.
In short, for the benefits listed below, we recommend using a pre-paid travel money card when holidaying abroad or making a business trip.
Benefits of a pre-paid travel money card?
- Card is issued FREE or charge
- Convenience and Security
- Helps you budget your overseas trip (great for personal and business use)
- No way of getting into debt, fantastic for budgeting
- Best way to maximise your spending power overseas
- The most competitive Exchange rates
- No monthly fees
- No shop and internet purchase fees
- Eliminate Expensive Bureaus (often by up to 8%!)
- Eliminate costly debit and credit card fees whilst abroad
- Free* overseas ATM withdrawals
- Pin protected to safeguard against fraud
- Re-issue if your card is lost or stolen
- Accepted across the world (anywhere a VISA or MASTERCARD sign is shown)
- Can be re-used every single trip
How do travel money cards work?
All you need to do is simply load the travel money card you have purchased using your UK debit card either online, over the phone or via SMS (depending on provider reload options). One of the main benefits is the fact that you lock in the exchange rate as soon as you load the card. Your card can be used anywhere you see a Mastercard or VISA sign, pretty much making the travel money card accessible across almost every country in the world.
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