Low cost travel money cards when travelling overseas from Australia
When I travel overseas, I generally don't like to carry too much cash. Historically I've used a travel money card, which allowed me to buy a certain number of US/Canadian/other country dollars loaded onto a Mastercard before leaving Australia. Specifically, the Commonwealth Bank Travel Money Card.
I haven't had too much trouble with explicit fees on this travel card, but there's the implicit fee of a less than inspiring exchange rate that they give when loading the card. Also when I get back to Australia and want to cash out what's left, I'm hit again by a less than inspiring exchange rate. So I am interested, either in cards specifically designed for Australians travelling internationally or some other general international travel money card that is low cost. And by that I mean, the provider doesn't build in a huge profit margin on the exchange rate and other fees are kept to a minimum.
Can anyone recommend a good low cost travel money card?
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Which prepaid card is best for international travel?
The Best International Prepaid Debit Cards- Wise Multi-Currency Debit Card.
- Revolut.
- N26.
- Ally Bank.
- NetSpend.
Is it cheaper to use cash or card 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.What is the cheapest way to pay abroad?
According to a study published by MasterCard and TNS Infratest, the answer is clear: The cheapest way to make payments abroad in most cases is to use the bank card in the outlet. On the other hand, withdrawing money from a cash machine or exchanging currency is significantly more expensive.What is the best Australian travel card?
Top 14 Travel Money Cards for Australians Going Overseas in 2022- Wise Travel Card - Best Exchange Rates.
- Revolut - Best for Low Fees.
- Bankwest Breeze Platinum - Best Credit Card.
- ING Everyday Orange Travel Card - Best for ATM withdrawals overseas.
- HSBC Everyday Global Travel Card - Best Travel Card by Bank.
Is a prepaid travel money card right for your overseas trip?
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
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