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Travelling Abroad? Carrying Forex Cards Could Work Best for You
Posted on Monday, April 22nd, 2024 | By IndusInd bank
Travelling abroad with a forex card has several advantages, including convenient and secure transactions, multi-currency loading options, and 24*7 online access to track transactions and balance.
When you are planning a trip abroad, an important decision to make is how to manage your foreign currency. While carrying large amounts of cash can be inconvenient and risky, using credit and debit cards might result in hefty foreign transaction charges. In such circumstances, a forex card emerges as a feasible option for savvy travellers, offering a convenient way to manage foreign currency while travelling overseas.
What is a Forex Card?
A forex card is a prepaid travel card that is specifically designed for foreign currency transactions. Issued by banks and financial institutions, it allows you to preload multiple currencies onto a card, streamlining your financial management while travelling abroad. Besides using a forex card for shopping or making online purchases, you can also use it to withdraw cash from an ATM.
Why Should You Carry a Forex Card When Travelling Abroad?
Here are some great reasons to consider using a forex card while travelling abroad:
| Convenience | A forex card is widely accepted at ATMs, restaurants, and shops worldwide, eliminating the inconvenience of carrying foreign currencies while travelling |
| Safe and Secure | Since a forex card is PIN-protected, it offers you an extra layer of protection. The card can be promptly disabled in case of loss or theft |
| Cost-Effective | Offers competitive exchange rates and protects against currency fluctuations compared to conventional currency exchange methods, as the exchange rate is locked at the time of loading the card |
| Multi-Currency Options | Provides the flexibility of loading multiple currencies onto a single card, like USD, EUR, GBP, AUD, CAD, AED, JPY, and more |
| Online Management | Offers online platforms and mobile applications to manage your card, reload funds, check balances, and track transactions |
| Additional Benefits | Moreover, a forex card helps you adhere to a fixed budget because you can only spend the amount pre-loaded on the card. It comes with complimentary insurance against loss, theft, or misuse and offers customer assistance 24*7 in case of any query |
Apply for a Forex Card Online with IndusInd Bank
Among the array of banks and financial institutions offering forex cards, IndusInd Bank stands out with its versatile multicurrency forex card, giving travellers unmatched convenience and flexibility. This card offers a plethora of benefits when travelling abroad, making it an ideal companion for both business trips and leisure travel.
Some of the user-friendly features and benefits of the IndusInd Bank multicurrency forex card are listed below:
- Loads up to 14 currencies in a single card: USD, EUR, GBP, AUD, CAD, AED, CHF, HKD, JPY, NZD, SAR, SGD, ZAR, and THB
- Protects against currency fluctuations by maintaining the same exchange rate after loading
- Offers international booking and payment options for airlines, hotels, travel, restaurants, and petrol pumps at no extra charge
- Accepted at all VISA-enabled ATMs worldwide for cash withdrawals
- Offers easy encashment upon return to India
- Provides instant transaction alerts to registered mobile number/ email id to prevent misuse
- Offers 24*7 online access to track spending and balances
- Easy to load and reload on www.indusforex.com
Apart from the benefits above, you will also receive free airport transfers worth up to INR 1000 and an INR 150 discount when purchasing an Indus multicurrency forex card online. When sending money abroad through wire transfers, you save INR 500 on processing charges.
Apply for a forex card online with IndusInd Bank for hassle-free currency management and worry-free international travel!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
