Important Tips before Purchasing Prepaid Forex Card for Your Next International Trip

Purchasing a prepaid Forex card for your next international trip is not just beneficial in terms of saving money, but is also hassle-free. Being the best Forex travel card in India, Buy Forex Online offers the best currency exchange rate for prepaid Forex cards. The process is really simple and can be done in the comfort of your home or office.  

Before you leave for your international trip, there are certain tips and suggestions that you should be aware of.

Following is a list of 10 important tips before purchasing prepaid Forex card for your next international trip: 

  • Compare before you buy –

If you want to buy a prepaid Forex card, the golden advice would be to compare the rates before you make the purchase. Buy Forex Online updates the currency rate chart once every ten minutes, and assures the best rate for any currency. 

  • Avoid exchanging currencies at the airports –

Foreign exchange outlets which are located in the airports are known to be the worst place to exchange currencies. The rate they offer is always higher than what you can get at any legal Forex trading agency, sometimes ranging between 10 to 12% extra. The only reason why one should even consider exchanging currencies at an airport is to get some local currency to pay for the airport to hotel transfer. Therefore, only exchange a nominal amount at an airport, but if you already have it, avoid the Forex outlets present in the airports. 

Although Buy Forex Online assures delivery of a prepaid Forex card within 24-48 hours (excluding holidays), it is better to order your prepaid Forex card at least five days in advance. Even if you speculate that the ordered currency rate will go down, do not wait for the last moment to make an order. The best suggestion would be to order your Forex card with the bare minimum amount and then reload it when the rate falls. 

  • Carry a nominal cash amount in the local currency –

The rule of thumb says that when travelling abroad; divide your money in the ratio of 80:20. 80% of the money you carry should ideally be in your prepaid Forex card and 20% of the total amount should ideally be in the form of cash. In addition to that, if you can, carry a nominal cash amount in the local currency. 

  • International debit/credit card should be your last resort –

If you swipe your international debit or credit card outside India, you will have to pay currency conversion charges. That is because your card carries the Indian currency. Currency conversion charges can go up to 6%. Use your international debit or credit card only if you do not have any other option. 

  • If the offered exchange rate is too good to be true, it probably is –

There are several scammers in India, including those who deal in Forex currencies. The simplest way to filter them out is by checking whether they are RBI authorised Forex dealers or not. Every Forex dealer – including online foreign exchange dealers as well as offline foreign exchange dealers – need to have a licence number authorised by the Reserve Bank of India (RBI).

In a foreign destination, falling short of money can give birth to major problems. Carrying a little extra in your prepaid Forex card can do you a world of good. In any case, if you are left with money at the end of your trip, you can encash it easily. Or if you want, you can keep the leftover balance and use it during your next international trip. The validity of a prepaid Forex card is three to four years. 

  • If the local currency is not available, carry USD in a prepaid Forex card-

There are many countries for which, their local currencies are not available in India. In such cases, it is advisable to get yourself a single currency prepaid Forex card loaded with US Dollars. Buy Forex Online provide single currency prepaid Forex card which can be loaded with US Dollars. There will not be any currency conversion charges and the first ATM withdrawal will be absolutely free. 

  • Traveller’s Cheques should not even be an option –

Gone are the times of carrying Traveller’s Cheques for an international trip. The commission charged on traveller’s cheques range between 5 to 7%. Albeit still available, its use has been minimised and is not widely accepted. So, opt for a prepaid Forex card which is extremely safe secure to carry out monetary transactions. 

  • Look for the offers –

Who does not love offers? The best Forex card in India – Buy Forex Online, for instance, provides three ATM withdrawals per month for free on its multi-currency prepaid Forex cards. This offer alone can save you $15/month on your international trip. 

 

The advantages of getting a prepaid Forex Card from Buy Forex Online are as follows. 

  • The card gets delivered to your doorstep within 24 to 48 hours.
  • You get instant support 24/7.
  • You get three ATM withdrawals per month for free.
  • You card stays secure at all times.
  • You can reload it from anywhere using the internet.
  • We promise to provide you with the best possible exchange rates.
  • Free replacement card if you lose the original one.
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