If you’re a frequent traveler, you know the hassle and expense of dealing with multiple currencies. You have to convert your money each time you enter a new country, and you often get terrible exchange rates. Not to mention those pesky transaction fees!
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Thankfully, there’s a better way: forex cards. Forex cards allow you to load multiple currencies onto a single card, so you can pay in the local currency anywhere you go. This can save you a lot of money on exchange rates and transaction fees.
But not all forex cards are created equal. Some cards have higher fees than others, and some don’t offer as many features. That’s why we’ve compiled a list of the best forex cards for multiple currencies conversion.
Factors to Consider When Choosing a Forex Card
Before you choose a forex card, there are a few things you should keep in mind.
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Fees: Forex cards typically charge a variety of fees, including an issuance fee, a loading fee, and a transaction fee. Some cards also charge a monthly maintenance fee. It’s important to compare the fees of different cards before you choose one.
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Currencies: Not all forex cards support all currencies. Make sure the card you choose supports the currencies you’ll be using on your trip.
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Exchange rates: Forex cards offer different exchange rates. It’s important to compare the exchange rates of different cards before you choose one.
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Features: Some forex cards offer additional features, such as ATM withdrawals, purchase protection, and travel insurance. Consider the features that are important to you before you choose a card.
The Best Forex Cards for Multiple Currencies Conversion
Based on the factors above, we’ve compiled a list of the best forex cards for multiple currencies conversion:
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Revolut: Revolut is a UK-based fintech company that offers a variety of financial services, including a forex card. Revolut’s forex card supports over 150 currencies and offers excellent exchange rates. There’s no issuance fee or loading fee, and the transaction fee is just 0.5%.
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Wise: Wise is a London-based company that offers a variety of money transfer services, including a forex card. Wise’s forex card supports over 50 currencies and offers mid-market exchange rates. There’s no issuance fee or loading fee, and the transaction fee is just 0.5%.
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N26: N26 is a German bank that offers a variety of banking services, including a forex card. N26’s forex card supports over 19 currencies and offers interbank exchange rates. There’s no issuance fee or loading fee, and the transaction fee is just 0.5%.
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CurrencyFair: CurrencyFair is an Irish company that offers a variety of money transfer services, including a forex card. CurrencyFair’s forex card supports over 20 currencies and offers competitive exchange rates. There’s no issuance fee or loading fee, and the transaction fee is 3%.
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Payoneer: Payoneer is a US-based company that offers a variety of financial services, including a forex card. Payoneer’s forex card supports over 150 currencies and offers competitive exchange rates. There’s no issuance fee or loading fee, but the transaction fee is 3%.
No matter which forex card you choose, you’re sure to save money on your next trip. So ditch the traveler’s checks and get a forex card today!
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Best Forex Card For Multiple Currencies Conversion
Tips for Using a Forex Card
Here are a few tips for using a forex card:
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Load your card before you travel. This will ensure that you have enough money to cover your expenses.
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Use your card as much as possible. The more you use your card, the more money you’ll save compared to exchanging currency at a bank or using a credit card.
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Be aware of the fees. Most forex cards charge a transaction fee. Make sure you know how much the fee is before you use your card.
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Keep your card safe. Forex cards are just like credit cards, so make sure you keep them safe.
By following these tips, you can make the most of your forex card and save money on your next trip.
