An international travel card or a forex card is a preloaded card that offers a safe, easy, and cashless way to carry foreign currency abroad. It is the best travel companion one can have. You can load it with the foreign currency of your choice and make all kinds of international transactions without incurring currency conversion charges.

Generally, there are two types of international travel cards – a single currency and multi-currency international travel cards. A single currency card enables you to load only one foreign currency at once. Whereas, a multi-currency forex card comes with multiple foreign currencies. The best part is that it is accepted worldwide and offers immunity against foreign currency rate fluctuations.

Reasons to buy an international travel card

An international travel card comes with numerous benefits that you can reap on your travels abroad, such as:

  • It comes with the security functions of a credit card, ensuring the safety and security of your transactions abroad.
  • You can load it with multiple foreign currencies at once and travel the world without worrying about foreign transaction fees.
  • The value of a currency is fixed at the time of loading the forex card. It means that you are protected against fluctuating foreign exchange rates.
  • The best part about a forex card is that you can avail yourself of unbeatable foreign exchange rates while loading it.
  • Your days of standing in long queues to buy or exchange currency are long gone. You can now load and reload your forex card with the foreign currency of your choice and at better rates from the comfort of your home.
  • It enables you to make bookings and payments at hotels, restaurants, stores, airlines, clubs, cinemas, and petrol stations at zero or minimal extra charges.
  • You can also use a forex card to withdraw cash from any VISA-enabled ATMs without incurring a currency conversion fee. But, you will have to pay a nominal withdrawal fee on each transaction.
  • After returning to India, you can request the service provider to transfer the balance amount to your bank account.

Read more – https://telegra.ph/IndusForex-the-best-online-platform-to-transfer-money-from-India-to-Singapore-03-04