If you frequently travel to foreign countries, it is imperative to get a multi-currency forex card on your travels abroad. The benefit of a multi-currency forex card is that you can manage your hard-earned money without the stress of cash misplacement. You can load your forex card with the foreign currencies of your choice and travel anywhere without incurring cross-currency charges. 

It is a safe, easy, and cashless way to carry money abroad. The best part about a forex card is that you can get unbeatable forex exchange rates while loading it. It enables you to make international bookings and payments at zero or minimal extra charges. It is accepted widely and offers immunity against forex exchange rate fluctuations.

Features of a multi-currency forex card

A multi-currency forex card comes with several features and benefits that you can avail yourself of on your travels abroad, which are:

• A multi-currency forex card enables you to load multiple foreign currencies at once and travel the world without the stress of fluctuating forex exchange
• The value of a foreign currency is determined at the time of loading and remains unchanged throughout the journey. It means that you are protected against foreign currency fluctuations.
• It enables you to make international bookings and payments at hotels, restaurants, airlines, clubs, stores, and petrol stations at zero extra charges.
• If you need cash, you can easily make withdrawals from any international pre-approved ATM without incurring currency conversion charges. However, you may have to pay a nominal withdrawal fee on each transaction.
• You no longer need to stand in long queues to buy or exchange foreign currency. You can load and reload your forex card from the comfort of your home.
• It comes with the security features of a credit card, so your transactions abroad are safe and secure.
• With the help of instant SMS alerts, you can keep track of your expenses and check your balance.
• If you choose or misplace your forex card, you can immediately inform your service provider to freeze the balance. You will be issued a new forex card basis on your service provider. However, it is worth noting that forex card replacement comes with a nominal fee that you will have to incur.
• Another benefit is that you can opt for an easy encashment facility after returning to India if you happen to have a balance.