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Worry not about spending and worry
not about the safety of your money while you travel, your prepaid travel card will do this for you. Prepaid travel money card
is the current trend amongst travelers. Slump in the economy is taking a toll
on the spending capacity of the traveler and not many people would want to
increase their debts under these circumstances. Prepaid cards are cards similar
to debit cards in that you can only spend the money that is already loaded in
your card. These cards are not linked to any bank account. These cards will not
run you into debts as you can spend only within the limit and there is no
overdraft or credit facility available.
Prepaid travel money cards have been popular since the past few years. These cards can be used instead of a traveler's
cheque and they also give the traveler the freedom of not carrying cash. Each
card has a PIN number that makes the card safer for use.
Any person can possess a prepaid travel money card on production of ID and address proof documents. These cards
are readily available for use. Each card provider sets a limit for the minimum
load and maximum load of money that can be loaded on to the card. Visa and
Master prepaid travel money cards have better acceptance across the world when
compared to maestro and electron prepaid travel money cards.
Benefits of a prepaid travel money card
No tension of carrying foreign currency or traveler's
cheque for a holiday. No worry about the safety of the money too.
No interest charged on the money you spend as you are
spending the money already loaded by you.
Prepaid travel money cards are available as Dollar
cards, Sterling Pound cards and Euro cards. The exchange rates offered on
these cards are pretty attractive too.
Prepaid travel money cards can be used to withdraw
money from any ATM across the world (as per the rules and regulations of
the card provider).
You can top up these cards easily, and any authorized
person can load your card.
These cards are budget friendly as the traveler can
spend only until funds are available, so you don't run the risk of over
The money you wish to spend on your travel can be separately
allocated through these cards and you can use the money exclusively for
In case you misplace or lose your prepaid travel
money card, your provider will immediately issue an emergency card or give
you the option of cash replacement.
Limits the expenditure of the younger members of your
family while they travel as they can spend only the money loaded on the
Easy to load money, and card can be used across
various locations in the world. You don't need to produce your passport
each time you want to load the prepaid holiday money card.
No need to produce ID card every time you wish to
Limitations of prepaid travel card
Hiring a car might be a problem with these cards.
In USA, advance booking of hotels might be a problem.
Operating these cards at ATMs in few foreign
countries might lead to operational difficulties.
Few card operators charge heavy fees for loading and activating the cards.
fees for foreign currencies are high.
the case with any kind of online transactions, use prepaid holiday money
cards with secure websites when shopping online.
You need to be aware of the balance on your prepaid
travel cards lest you cut a sorry figure at a store.