Read This First Before Getting an International Prepaid Card
Before COVID-19, most people traveled overseas for various reasons. Regardless if it’s for pleasure or business, traveling is much more ideal when you have an international prepaid card with you. Prior to the introduction of international prepaid cards, most ardent travelers relied primarily on their credit and debit card to help them manage their finances while overseas.
However, many international prepaid card users can attest that managing finances and expenses can be tricky when you are outside the country. Come to think of it, when you are overseas, you tend to let loose and just enjoy and not worry about what you are spending your money on or how you are spending them. Fortunately, this is where using an international prepaid card can come in handy.
International Prepaid Cards: All the Essentials You Need to Know
So what are international prepaid cards exactly and why are they considered the ultimate travel companion? Here’s all the basics you need to know about international prepaid cards:
Also referred to as currency cards, international prepaid cards allow cardholders to load money onto their card before they leave the country to travel overseas. Even if you are in a foreign country, you can still use your International prepaid card for purchase transactions and ATM withdrawals.
Some international prepaid cards offer multi-currencies, a feature that is very useful for those who travel outside the country. Since you preload your international prepaid card with money, it is much easier for you to stay on top of your spending and manage your money properly.
For added ease and convenience, some providers give cardholders the option to manage their cards online or through their phones. Just like the typical credit and debit cards, international prepaid cards are typically associated with established and major credit and financial companies and institutions.
How International Prepaid Cards Work
Those who have used it can attest that international prepaid cards are the best travel companions. Nowadays, many people don’t leave the country without it. The popularity and appeal of international prepaid cards can be attributed to their amazing features and peerless benefits. They also have very minimal fees, costs, and charges.
International prepaid cards can also be used for purchase transactions (online and through merchants) and ATM withdrawals. Cardholders also have the option to preload the currency they want on the card. In addition, cardholders can also carry out currency transfers while managing their expenses online or on their phones.
Unlike credit and debit cards which can be very difficult to obtain (time consuming and tedious financial and background checks), getting an international prepaid card is a breeze. Since they don’t have credit capabilities, you are spared from all the hassles that are associated with background and credit checks.
Once you have the card, you can immediately load money onto the card and use it for ATM withdrawals and purchase transactions. You also have various options when it comes to loading money onto your card. For starters, you can load money onto your card through secure online portals.
You also have complete control over the frequency of the loading. For instance, you can load daily, weekly, or monthly. You can pretty much load money on your card whenever you want to and whenever convenient for you. You call the shots. Once the money has been loaded successfully, you can use your prepaid card immediately.
Since transactions are deducted from your balance in real time, you are able to stay on top of your spending. As soon as the balance has been depleted, spending also stops automatically until such time that you are able to load money onto your international prepaid card again.