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7th February 2017
Travel money cards are a popular, secure and easy way to take money on overseas holidays. They can simplify the currency exchange process, and assist you to manage your travel money easily.
Whether you’re travelling to a single destination and just need a single currency, or you’re visiting several countries with different currencies, travel money cards can make a world of difference. To prove it, our FXperts have compiled the top 5 reasons to bring a travel money card on your next trip.
Convenience
The best thing about a travel money card is you can use your cash however it’s needed. You can load any amount from $100 to $100,000 every year, and use it across ATMs and tellers anywhere MasterCard is accepted.
Security
Because your travel money card isn’t connected to your transaction account, you can rest easy knowing your money back home is safe. If you do happen to lose your card, Travel Money NZ can help you cancel it. And if your card is compromised, the MasterCard Cero Liability system can help you recover the lost cash from fraudulent transactions.
Flexibility
There’s not a single person travelling overseas that thinks to themselves “I’d really love to carry around thousands of dollars across multiple currencies for my entire trip.” That’s why a pre-paid travel money card can help. You can load up to 10 currencies from all over the world, so the one card will work in millions of different ways.
Locked in rate
With a regular debit or credit card, the currency rate can vary hugely during your trip. And once you add on the conversion fees that may apply, you’re going to end up with far less bang for your Aussie buck. But a travel money card allows you to load and lock your foreign currency at that day’s exchange rate* and actively manage your balance – so you’ll know exactly how much you have to spend.
In other words, even if the New Zealand dollar drops in value, that won’t affect the amount already loaded on your card in another currency.
Streamlined
The Travel Money Nz Cash Passport allows you to load up to 10 currencies, and set the default currency for your location. If there isn’t enough money loaded for the local currency, your Travel Money Nz Cash Passport will automatically make up the balance from other currencies loaded on your card – using the latest exchange rate at the time of the transaction.
And if you’ve taken out a Cover-More Insurance Policy, good news! And to ice this delicious cake, all the phone numbers you’ll need are included on your Cash Passport.
Find out more about the Travel Money Nz Cash Passport and its amazing benefits today.
*Lock in your exchange rates mean the exchange rate is locked in for the initial load only. The exchange rates for subsequent reloads will be set at the prevailing exchange rate at the time of the transaction.
This blog is provided for information only and does not take into consideration your objectives, financial situation or needs. You should consider whether the information and suggestions contained in any blog entry are appropriate for you, having regard to your own objectives, financial situation and needs. While we take reasonable care in providing the blog, we give no warranties or representations that it is complete or accurate, or is appropriate for you. We are not liable for any loss caused, whether due to negligence or otherwise, arising from use of, or reliance on, the information and/or suggestions contained in this blog.
