Pre­paid Card for In­ter­na­tional Travel

They say it’s safe and fuss-free. Is it?

Consumer Voice - - Bfsi -

When one un­der­takes in­ter­na­tional travel, one ma­jor con­cern is money mat­ters – specif­i­cally the mat­ter of car­ry­ing a suf­fi­cient amount of cash (forex) for meet­ing ex­penses while abroad. This can be par­tic­u­larly per­plex­ing and daunt­ing if one does not have the ben­e­fit of ex­pe­ri­ence or coun­sel. You may of course think that the sim­plest way is to carry for­eign ex­change in cur­rency notes of the host coun­try (dol­lars for USA, pounds for the UK, and so on). Trav­ellers’ cheques may also look like a good op­tion. Or you may just de­cide to put your trust in your global credit card. The thing, though, is: these are cum­ber­some to en­cash and re­ally do not guar­an­tee ut­most safety. So then, is the pre­paid forex card your go-to al­ter­na­tive? If yes, why? Read on to find out.

Subas Tiwari & Gopal Ravi Ku­mar

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