A quick guide on international travel cards: Everyone must know

A quick guide on international travel cards: Everyone must know

A forex card or an international travel card is a pre-loaded card that allows you to access carry and spend in foreign currency on when your travel abroad. It is similar to a credit card, except that it is loaded with multiple foreign currencies.

Having a prepaid travel card is the best way to carry foreign currency while traveling overseas without worrying about theft or cash misplacement. You can instantly check your balance, track your spending, and withdraw cash from all international ATMs. You can use a travel card to pay for almost anything. A travel card is designed and offered by banks to cater to the needs of a traveler.

How does a prepaid travel card work?

While purchasing a prepaid multicurrency forex card from your preferred issuer, you can load your forex card with multiple currencies. The number of foreign currencies you can upload depends on your card issuer. You can load your prepaid multicurrency forex card with the foreign currency of your choice and pay for all your travel expenses.

Features of a prepaid international card

● It comes with an extremely secure Chip and PIN that ensure the safety of all your transactions.
● You can easily replacelock your card during the event of theft or misplacement.
● You can instantly reload your prepaid forex card after spending the balance amount.
● You can use a multi-currency forex card anywhere in the world.
● It comes with customer-centric features like instant loading, free replacement, and 24x7 customer care.
● You can easily track your expenses via SMS alert services.
● You have the freedom to pay for anything.

Crucial information about a prepaid international travel card that everyone must know

● Currency limit

Generally, each person on each trip is allowed to carry cash USD 3000 or its equivalent. However, there are exceptions to travelers who wish to visit the Russian Federation, Republic of the Commonwealth of Independent states. In case of a travel card, that limit is equal to LRS limit of an individual, i.e. USD 250,000 or equivalent.

● Risks in carrying liquid cash

Carrying liquid cash means that you are prone to pickpockets and mishaps. With a travel card you can easily lock it by contacting your service provider, limiting the damage. It also comes with PIN+Chip technology which is a much secured way to carry currency.


● Protection against fluctuating foreign currency rate

The foreign currency rates are prefixed at the time of loading, which means that it remains the same throughout your journey. You will only have to incur changes in the currency rate when you reload your prepaid forex card.

● 24x7 usage

The best part about a prepaid international travel card is that it can be used anywhere at any time throughout the year. You can withdraw cash from ATMs or make payments at POS terminals.