Benefits of prepaid cards over currency notes

October 2013 2 min Read


Like many travelers, if you are also perplexed about which currency exchange option is good for you, then BookMyForex can put you on the right path. Apart from offering you the best currency exchange rates today, we also provide a wide array of forex products ranging from prepaid travel foreign currency cards to cash, Demand Drafts and much more. So if you wish to know why prepaid cards are beneficial while you are planning to travel abroad, then we will help you to understand this.

As a traveler, you have to be canny about the way you carry your money and spend it overseas. While you can easily carry currency notes abroad, they carry an apparent risk of being stolen, mutilated, or lost. This is where prepaid cards come into the picture.

Prepaid cards offered by BookMyForex give you the facility to load your preferred currency at the best currency exchange rates today. These cards work almost exactly like a debit card except that you preload them with the requisite foreign currency at a fixed rate. You can also top up your card when you’re abroad.

Besides being the safest form of carrying currency, prepaid forex cards are also normally available at better rates than currency notes. So, if you want to have the get the currency exchange rates today, then prepaid currency cards are the obvious choice

Some of the other benefits of prepaid cards are:

  • They come with a PIN, and so, they are the safest option to carry currency abroad. Plus, they are fully replaceable lest they get stolen or lost.

 

  • Prepaid Travel cards help you to avoid paying the 2% to 5% transaction fee which is usually charged when you use your international debit/ credit card.

 

  • Saving money becomes easier when you go for Prepaid Travel cards, as they are loaded at a fixed rate, unlike the credit/debit cards.

 

  • Thanks to the 24×7 customer care service which is available at BookMyForex, prepaid cards can be reloaded anytime, helping you to make the best use of your card.

 

Contact us to know about the best currency exchange rates today and get your prepaid travel card fast & easy!

 

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About the Author

Manik Varshney is the AVP - Processes, Compliance & Product Management at BookMyForex. Manik has been building the product at BookMyForex for around 8 years. Be it any query on the tax rules on foreign money transfers or forex cards, Manik is our

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