Travel money cards have recently hit the market and they are becoming extremely popular. Now, you may be asking yourself, what exactly is a travel money card and how do they differ or how are they better than my old debit or credit card? [vimeo:8073863;[link:All about the travel money card];http://vimeo.com/8073863?pg=embed&sec=8073863]
Travel money has evolved from travelers cheques and traditional credit or debit cards cards
If you were going to be traveling anywhere, then it was always the rule of thumb and safety to get travelers cheques. This was the easiest way to access your available cash and you could have some security if your money was stolen. But travelers checks have been on the decline since most banks now make it very easy to use your debit or credit cards, worldwide.
Because of the abundance of information available on internet financial sites, the average person is now much more savvy about the various miscellaneous fees that banks assess on their customers.
You are not in business to make the banks richer and they claim that they charge such high international fees because they are also charged high rates. That might be the case, but they make plenty of money, as is evident because they always have the nicest buildings in town!
Travel money advancement
Recently banking technology has made some tremendous advances in speed and performance. The use of the internet by the general public has become mainstream. Therefore people are no longer hesitant to make use of the internet to take care of their money.
Because of this, and the public’s demand for more applications to be able to do their online banking, it has opened up a whole new market in the world of finance.
Fair FX was one of the very first travel money cards to hit the market
When this market opportunity opened up in the travel money industry, the financial gurus at FairFX.com sensed that a need could be filled very profitably by providing the public with an economical travel money card.
FairFX offered two types of travel money cards. They offered one in U.S. Dollars and another in Euros. The cards featured exchange rates of approximately 1% and they also featured no hidden purchase fees and offered ATM fees at 2 dollars(U.S.) and 1 pound(UK), respectively.
The nice thing about the FairFX travel money cards is that when you purchased a card and loaded it with money, you also were locking in the current exchange rate for that money at that time. Of course, sometimes this can be good and at other times it can be bad for your purchasing power. FairFX still offers these cards today.
Some people are turned off by the idea of betting with their travel money
But some people are wary of gambling with their travel money. They are more comfortable accepting the rate with each purchase rather than assuming the inherent risk which comes with purchasing the travel money up front.
Many people did not understand that using their FairFX dollar card in Europe actually saved them money when compared to using a regular bank card. Due to this, a simpler travel money card had to be designed; one that could be used anywhere in the world and that would save travelers money when compared to their bank card.
You Can Explore the World with A FairFX Anywhere Card!
FairFX noticed that many people were being taken to the cleaners by their banking institutions when they traveled anywhere outside their immediate country and that they were just taking it because that’s all they thought they could do.
The decision was made to provide a product which was accepted universally, without the consumer having to deal with exorbitant fees on each transaction while on vacation. But now we have the FairFX Anywhere Card
What is the charge for the typical consumer to use this card?
When you use a FairFX Anywhere Card you pay ZERO loading fees, ZERO ATM fees, and ZERO exchange rate fees. The only charge you pay is a 1.5% transaction fee. This makes it the cheapest travel money card available to residents of UK.
When this article was written, the card was free to order. It only takes 10 pounds to load it up as well! If you still want to get this free travel card, it would probably be a good idea since this offer won’t last forever!
There’s a special offer right now with travel money card FairFX where you can get a free euro card, free dollar card or free sterling global travellers card and save the normal 9.95 setup fee (Subject to a very small initial load). You can save more with a travel money card from FairFX travel money services today!!
