Prepaid currency cards are great for when you travel. They can save you from conversion fees and withdrawal rates, and are a convenient way to access your money. To get the best prepaid card there’s a few features to look out for, according to Mozo.
- You need a card that enables you to preload the currency of your destination so you can avoid conversion costs. If you cannot preload the currency then it is not worth bothering with the card.
- If there is a variable purchase fee on the card then it can be costly to load money onto it. Beware of this hidden charge.
- Be sure to check exchange rates when you are loading the card because even a small difference can be quite expensive.
- Consider the cost of reloads, otherwise you could find it costing you a lot to increase your travel budget.
- Take note of the default currency. If you reload your card by currency then you’ll want to check that you are reloading money in the correct currency.
