A Quick Guide on How to Save Money with Forex Card While Traveling Abroad

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Traveling abroad is one of the most fulfilling experiences, and it has been linked to increased creativity and contentment. Even visualizing yourself physically present at your dream destination can give you a rush of adrenaline!

Many spend months budgeting their finances so that they can book flight tickets and be ready for all the expenses associated with traveling overseas. Yes, traveling overseas can be costly, but there are some strategies you can use to spend your money wisely!

Regular international travelers prefer only a Travel Foreign Exchange Card or Travel Forex Card to conduct any kind of transaction overseas. This is because of the many money-saving advantages it can provide. If you choose the right forex card for you, then saving money while traveling overseas will become an easy step.

If you have an international trip coming up, then you must be looking for some travel tips that can help you to save money abroad with the help of a forex card. And to assist you, Thomas Cook has created this guide. So, read on to find out more!

Travel Tips to Save Money with a Forex Card

Go over it to find out how you can manage your finances while traveling abroad with a Forex Card:

• Make a Travel Budget That Is Reasonable

You must conduct extensive research on the location you intend to visit. With the gathered data you can create a reasonable travel budget. Setting a travel budget is advisable as it allows you to have an estimation of the trip’s total cost. So, you will know how much you have to save or prepare to ensure you do not face any financial restraints while traveling abroad. 

One of the best ways to ensure you can stick to your fixed travel budget is by taking the help of a forex card. If you choose our forex card, then you will have the advantage of locking in the currency exchange rate. As the card is not influenced by fluctuating exchange rates, for the entire trip you can keep one particular exchange rate. So, in a way, this card can control your spending with uniformity.

• Acquisition of Foreign Exchange Beforehand

When you arrive at your destination, you will need local currency to pay for a taxi, food, and so on. Thus, it will be a good idea to buy forex beforehand. At Thomas Cook, you can get the best forex rates and can buy forex from the comfort of your own home. If you choose us, then you can even receive your purchase quickly as we provide same-day delivery. Furthermore, you can avoid the exchange currency rates at the airport with forex as well.

Our forex cards are quite handy in this case. You can use our forex card to make both minor and major expenses when traveling abroad without getting affected by the ever-changing exchange rate. If you require immediate cash and have only a forex card with you, then you can get instant cash as our forex cards can be used at the ATM to withdraw cash.

• Instead of a Credit/Debit Card, Use a Forex Card

The majority of people believe that taking a credit/debit card on a foreign trip is the most convenient option. But in reality, using a credit/debit card can be costly because each transaction includes both a fee for foreign transactions and a conversion fee. So, for most transactions, you end up paying at least 3 to 5 % more when you use these bank cards. So, using a forex card instead of these cards will be a much better option because you avoid paying both of these fees.

A forex card is an internationally accepted prepaid option that allows users to pay for goods and services in foreign currency or withdraw cash (without charges) from an ATM. One of the most beneficial aspects of obtaining a forex card is the ability to carry different currencies on a single card (Thomas Cook Multi-Currency Card). You may also track your spending from your smartphone and recharge/load your card online quickly and effortlessly without documentation. So, you can see for yourself that there are far more money-saving advantages to forex cards.

Another area to keep an eye out for is Dynamic Currency Conversion (DCC). When using POS machines overseas, the operator at the billing counter may ask if you want to use DCC. It lets you view and pay for your entire bill in your home currency exclusively. However, you may be charged 2-3% of your transaction value for this functionality! So, resist employing DCC at POS devices as well when traveling overseas to ensure you are saving money.

• Optimization of Your Payments

Even if you are traveling abroad, you will still have payments to pay back home, such as electricity, credit card payments, smartphone bills, and loan bills.

Automating these payments allows you to meet your financial commitments and pay your bills on time, even if you are thousands of kilometers away from home. You may use your banking app to set up monthly recurring payments.

However, if you want to maintain and track your funds without having to contact a customer service representative every time, simply download Thomas Cook’s FX app for more. You can find information on different forex travel cards available at Thomas Cook as well. So, check them out to see how they can help you to optimize your payments further

The Ways Thomas Cook’s Forex Card helps to save money

You not only save money with the Thomas Cook forex card, but you also receive a piece of mind. Here’s how it’s done:

• More secure than cash

You don’t want to scrimp on your vacation and end up removing items from the itinerary as traveling abroad is getting too costly. On the other hand, you don’t want to be seen walking around with stacks of cash since this may attract the attention of burglars and touts.

The Thomas Cook Forex card provides a safer alternative. You can load the currency of your choice on this card and use it anywhere you like to make any kind of purchase abroad. As a part of our forex service, we also assist you in keeping track of your costs. You can check your statement at any time and receive notifications every time you make a purchase. So, it is definitely a more convenient option than other methods of transaction available during overseas traveling.  With our guidance and forex products, making your vacation a budget-friendly journey is possible.

• Better than the airport exchange rate

Airports tend to demand a higher rate for foreign exchange, making it quite abroad traveling costly from the get-go. Load whatever money you require onto your Thomas Cook forex card from any location to ensure you can actively dodge the unreasonable forex rates provided by airports.

Conclusion

Now, you can see saving money when traveling overseas is extremely simple with the help of a forex card. Avoid inflated exchange rates and untrustworthy dealers, consider Thomas Cook for all your foreign exchange needs. We are one of the world’s most reputable names when it comes to forex products online. So, to know more about Travel Forex Card and which one will be the best option for you, do browse our website for more!