Holiday Money - Get The Best Exchange Rates on Holiday Money

Holiday Money - Get The Best Exchange Rates on Holiday Money

How to get the best exchange rates when buying your Holiday Money

Travel Money FX Cards - Click Here To Compare >>

Travel FX Cards – the latest way to spend money abroad! These are a really great option for travel money but before you get put off thinking they are just another credit card, read on – for these are not credit cards!

FX cards may look like credit (or debit) cards but the closest they come to them is only in these areas:

• Chip and PIN security
• Issued by MasterCard® or Visa®
• Signature strip
• Worldwide acceptance

That's it! For there is no borrowing, no overdraft and no interest – FX cards are merely a really handy way to store currency for use abroad. The fact that they are provided with MasterCard® or Visa® just means that you can use them almost everywhere in the world at ATMs, restaurants, retailers and more.

What else is good about an FX card? Well, they have an excellent exchange rate – so each time you go to spend money overseas, you won’t lose a chunk of money. You won’t be charged commission (though check this) and any fees that do feature (such as an ATM fee) will be far lower than on a regular credit card.

FX cards also lend a good amount of peace of mind – because if you lose the card, you can easily order a replacement and any unused money that was on the original will be on the new card. Lose cash abroad and it is gone forever!

So, they sound pretty good but is there a downside? FX cards are a cheaper way to spend money but as mentioned there may be some fees when making purchases or withdrawing money.

But again these are much better than those attached to a normal credit or debit card. Also, if you visit a location where ATMs are hard to come by, your FX card may be a bit less useful. The same goes for shops and markets which don’t accept plastic.

Therefore, the best thing to do is to really research your trip destination before you go. If you are visiting Western Europe or mainland USA you should be well catered for. But if you are visiting a country like Iran where credit cards are barely seen, then you may be better off using cash or travellers cheques.