Tuesday, April 9, 2019

What is Travel Card / Forex Card or Prepaid Card & How it is useful ?
Forex Card is a digital prepaid card, physically it looks like similar size of Credit/Debit Card.  Its known in different names like – Travel card, Prepaid card, Prepaid Forex card, Forex card, all are the common names used to talk about Forex Card.

Its fully digitally, you can top-up/recharge this as per yours needs. Since they are preloaded with currency, you can use it in local currency of any country abroad.


You should use Forex card, here is why…,

Since there is limit to carry cash while travelling abroad, Forex card is another way to keep money. Forex card is safest option compare to cash, its secured with electronic chip high authentication and personal pin protection. Forex card is better than your regular debit and credit card. There are many advantages of Forex card to avoid bank charges on abroad transaction. Debit and credit card involve a service card of 2 – 6% per transaction.

For example; if you order a pizza and actual price is 400 INR. and you will have to pay 416 (4% approx. Service Charge). Debit and credit card also involve fix handling charge on money withdrawal, means if you want to withdrawal money from any abroad ATM, you will have to pay a high amount (approx. 350/- INR.) as service/handling charge.


Some safety facts while using Travel card.


  • Make sure you’re available in front while swiping your card.
  • Always swipe card in their local currency to avoid conversion charge. 



How to get Forex card in India..

You can get it easily from a bank or an authorized dealer through your nominal KYC document.

Visit our website: https://www.orientexchange.in for Online Forex Booking or more information.


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