Posts Tagged ‘exchange rates’

Travel Abroad With A Convenient And Secure Fair FX Card

Tuesday, March 29th, 2011

A major benefit of a Fair FX currency card is that travelers are exempt from being charged the much talked about Ryanair fee that has to be paid when flights are booked. Apart from this, a prepaid currency card has numerous other perks. A significant one pertains to currency exchange.

Many travelers lose money when exchanging currency at airports using a credit card or some other method of payment. A prepaid card can be the best option for a number of reasons. Most people use a credit card because they are convenient and they know what the interest rate is. However, many are not aware that there are hidden fees and charges.

When exchanging currency, many credit card providers charge extra fees. Every time you use your credit card to exchange currency during your travels, you pay. These charges might seem to be insignificant at the time, but when you get home and add them up, you will be surprised at just how much you have paid.

Because of tight schedules, an airport serves as an ideal alternative to searching for a bank or other facility in a foreign country. So, what about the tourist rate of exchange charged at airports? Yes, these can be high. In fact, changing currency at an airport can be very expensive. Depending on supply and demand, the charge can be as much as 15% or even more.

Here’s where your FairFX card comes in to its own. Before you leave home, you buy money at a low interest rate. The card acts just like a conventional credit card but offers a major difference. It is easy to use, there are no hidden fees and, when you exchange currency, the rate is much lower. Therefore, exchanging currency at airports becomes a viable option.

What’s more, if you run out of money during your travels, you can top up the card with US dollars or Euros. Simply contact the company where you bought the card and buy more money. For the budget conscious traveler, a FairFX card is the ideal way to control the amount of money spent. You can use a prepaid card anywhere in the world because it is a MasterCard, except that the funds have been prepaid.

The purpose of the card is to eliminate the middle man so that clients’ transactions can be directly processed. Security is the same as any MasterCard which gives you peace of mind. Plus, you get US dollars or Euros at the best prices by not having to use expensive exchange bureaus or kiosks. Clients are getting the best possible market rates. The cards can be used at any ATM or retail outlet across the globe.

As you can see, the benefits associated with a prepaid Fair FX currency card are numerous. You can log onto the website 24 hours a day and access your statement for free. If you need to load extra money, it can be done quickly and simply. When shopping online or at other stores, or dining at a restaurant, the transaction fees are much lower than credit cards. There is no charge to load the card and no monthly service fees are involved. And remember, you don’t have to pay Ryanair’s fee.

Currency Cards are taking the Forex world by storm plus a setto become even bigger sooner or later.To find the best FX card for you check out fair fx

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