How much foreign money should you carry when travelling overseas? These are the common queries people have when preparing for international travel. Yes, you may carry cash, but it can be risky. You can use your credit card if you are unsure how much money to carry. But a forex card is a better choice than any of these two.
Most drawbacks of carrying cash or credit cards may be avoided by carrying these tools in your wallet. But, to profit from a card, you must understand how to use forex card before applying for one.
How To Use Forex Card
You may know how to use forex card like a debit or credit card. When travelling overseas, the Forex card may be used to pay hotel bills and make purchases at various stores, restaurants, and internet merchants. You only need to submit your PIN or signature to finish the transaction. You may use your Forex card to get cash from any ATM if you need it right away.
Why Should You Use a Forex Card?
Forex Cards are now one of the most dependable and cost-effective ways to bring money with you when you go overseas. Nevertheless, these travel cards provide much more than simply a means of payment.
These are a few of the main advantages you get when you know how to use forex card:
- Buy a card as early as 60 days or even the day before departure. Your bank can activate a card within a few hours of receiving the cash and posting a successful verification.
- Although rates are fixed when you load the card with money, one of the key advantages of using a forex card is that you may carry different currencies on one card and are protected from changes in foreign exchange rates.
- Easily view your transaction information and Forex Card balance using Phone Banking, Prepaid Card Net Banking, and Phone Banking.
- Conduct purchases and transactions on overseas websites.
To Summarise
With this guide on how to use forex card, you can visit any country without carrying physical cash. Look for features like an online reload option, affordable exchange rates, the ability to handle several currencies, offers, and perks, and secure EMV chip-enabled cards to make your card shopping easier.
So, now that you know how to use the forex card, you may use all these benefits and many more with the cards from IndusInd Bank. Visit their website immediately to get a forex card online and take advantage of the quick processing and minimum documentation requirements.
Though it might be straightforward, there are specific steps that you need to keep in mind before you exchange your currency for the national currency of India.
It should be done seven days before your trip to India so that you can avail the best rates and get the money exchanged based on the rate that you feel is correct.
If it’s a necessity, then get it exchanged, if not many foreign current exchange centers in the respective city would give you a much better price.
• Find an authorised dealer – An RBI authorized dealer is a must when you are willing to get your foreign currency exchanged.
If you carry out a transaction with a non-RBI authorised agent, you could end up with fake currency notes or your forex card might stop working and in the worst-case you might land up in a jail.
All the articles which are posted are written in very simple English for everyone to understand.
