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Smart Money, Anywhere: The Advantages of Using Forex Cards for Travel
Posted on Monday, June 24th, 2024 | By IndusInd Bank
Summary: Using Forex cards while travelling abroad provides numerous benefits, including global acceptance, easy reloading options, competitive exchange rates, and budget control.
If you are a frequent traveller, you understand the value of planning and preparation. From arranging flights and accommodation to researching destinations, every aspect helps to ensure a smooth and memorable journey. However, managing finances while travelling abroad can be difficult at times. Although debit and credit cards are widely accepted, they may incur hidden fees and have fluctuating exchange rates. This is where Forex cards can help, providing a secure and cost-effective solution to managing your travel expenses overseas.
Understanding Forex Cards
A forex card is a prepaid travel card that allows travellers to make transactions in foreign currencies while abroad. It enables users to load multiple currencies onto a single card, making international travel more convenient. Forex cards are readily accepted in ATMs, hotels, restaurants, and online platforms across the globe, providing competitive exchange rates while protecting against currency fluctuations.
Advantages of Forex Cards
Here’s why travellers are increasingly using Forex cards:
| Convenience | Forex cards can be loaded with foreign currency, offering easy access to funds without the hassle of carrying cash |
| Worldwide Acceptance | Widely accepted at ATMs, restaurants, hotels, and merchant outlets worldwide, ensuring hassle-free transactions during international travels |
| Security | Forex cards are secured with a PIN, providing an additional layer of protection. Can be blocked instantly in case of theft or loss |
| Multi-currency Support | Multicurrency Forex cards enable you to load several currencies on one card, eliminating the need to carry multiple cards |
| Currency Conversion | By locking in exchange rates when loading the card, users are protected from fluctuations in foreign exchange rates |
| Online Account Management | Users can manage their Forex card account online to check their balance, view transactions, and reload funds |
| No Credit Check | Forex cards do not require a credit check; thus, they are accessible to a wide range of travellers, including those with limited or no credit history |
| Budget Control | Forex cards enable you to control expenditures within the pre-loaded amount to help in expense management |
Apply Online for Indus Multicurrency Forex Card
IndusInd Bank offers a multicurrency forex card that combines the convenience of cashless transactions with advanced security features. Here are some attractive features and benefits of the Indus Multicurrency Forex Card that attract customers:
- Loads up to 14 currencies in one card: USD, CAD, GBP, EUR, AUD, AED, HKD, CHF, NZD, JPY, THB, SAR, ZAR, and SGD
- Supports international booking and payment options for airlines, restaurants, petrol pumps, and hotels at no extra charge
- Accepted at all VISA-enabled ATMs globally for cash withdrawals
- Protects against currency fluctuations by maintaining a consistent exchange rate after loading
- Easily encash funds upon returning to India
- 24/7 online access to monitor spending and balances
- It can be loaded and reloaded multiple times via www.indusforex.com
- IndusFX Card app to generate a new pin for your Forex card, set transaction limits, activate card, block/unblock card, generate a virtual card for transaction statements, view or download transaction statements, and raise dispute for wrong transactions
Apply for a Forex card online with IndusInd Bank and enjoy seamless currency management when travelling abroad!
