Sunday, 14 November 2010

What everyone ought to know about prepaid travel cards

2,092.  It is all too easy to overspend while you are away.

Prepaid credit cards allow you to limit the amount of money you spend while you are abroad.  It is easy to monitor your spending by using the card and you can make sure you don’t return home to face a crippling credit card bill.

They may get you a better exchange rate

Many hotels and foreign exchange bureaus abroad offer poor exchange rates.  So, carrying traveller’s cheques and sterling may not be getting you the best deal.

However, if you use prepaid travel cards, you can often find that you benefit from a better exchange rate when you come to withdraw cash from an ATM in the foreign country.

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