Is it worth getting a travel money card?
Travel money cards are best for longer trips, and usually not worth your while if you’re only taking a short trip (use your normal debit card instead).
We looked at the travel money cards on offer from the big banks and airlines to find which were best..
What are the benefits of a travel money card?
5 benefits of a travel money cardAbility to lock in your exchange rate before travelling. … Ability to load multiple foreign currencies on one card. … Ability to reload card via your smartphone. … Debit card functionality without linking to your bank account. … Allows you to carry a minimal amount of cash.
How does a travel money card work?
Prepaid travel cards, also known as currency cards, allow you to load them before you go abroad then use them as you would a debit card to spend or withdraw cash as you wish. And because they’re pre-loaded, it allows you to keep tight control of your spending. Most also allow you to lock in a rate in advance.
Is a travel money card better than cash?
Prepaid currency cards are, their promoters claim, safer than carrying cash, give holidaymakers better exchange rates and are cheaper than using a debit or credit card abroad. But beware the small-print charges that can soon wipe out any savings the cards may offer.
What is the best travel card to get?
Best travel credit cardsCategoryCredit CardBest Welcome BonusChase Sapphire Preferred® CardBest for Luxury TravelChase Sapphire Reserve®Best for Low InterestTD First Class℠ Visa Signature® Credit CardBest for No Annual FeeWells Fargo Propel American Express® Card3 more rows
Is it cheaper to use credit card or cash abroad?
When you exchange cash, you get a significantly worse exchange rate than when you use a card. The difference can be as much as 6%. This is why using a card is better. However, you should not use a credit card to get money out of ATMs.