Keep things simple - when spending travel money abroad cash is still King!
1. Budgeting becomes easy
Whether you're travelling with a bunch of friends or with family, you may wish to budget for the cost of your holiday and not find you have broken the bank balance upon your return. When you buy travel currency online, you have incorporated the cost of this and accordingly it is easier for you to keep a track of how much cash you are travel money you are spending as you physically see your foreign exchange deplete. Using credit cards abroad makes things a lot harder to keep track of what you have spent on and how much in total.
2. No hidden fees
Some people take a credit card when they travel abroad on business or pleasure. A card can be an easy and convenient way to pay for things but can be costly to use overseas. Credit cards charge a foreign transaction or usage fee when you spend with it abroad. The costs vary, but a fee of 3% is not uncommon for the luxury of using your card abroad and the fees can be more. So as an example, if you stay in a hotel and the bill comes to the equivalent of £200, the card company could load the cost by £7.50.
3. Travel Cash is accepted everywhere & anywhere you go
Whether you find yourself in the backwaters of southern India or a remote village in the Italian wine region, travel cash is widely accepted by every shop, hotel, restaurant and transport provider. You simply cannot go wrong having some travel currency on you. The convenience of having travel money in your pocket to pay for even souvenirs in markets can go a long way and don't forget the benefit of bargaining more when you pay in cash!
4. Transparency on rates and the rate improves with the more you order!
Savvy travellers know that the best exchange rates are found when buying euros, buying dollars or any exotic currencies online. When purchasing travel money online, you have the luxury of seeing exactly what the rates are and any additional charges (credit card or delivery costs). Furthermore, with The Currency Club, you can even capture a better exchange rate with the more travel currency you order. For those who are fans of using the ATMs when abroad take care. The typical charge for cash withdrawals from a foreign ATM is 2.5%. In other words, withdraw £500 and the transaction cost will be £12.50 for the privilege of the withdrawal. Furthermore, in many cases the banks will not provide you with a good foreign exchange rate either, so in which case you may get stung twice.
5. Taking travel cash feels good and gets you in holiday mood before you've even reached your destination
Just like you have that buzz when you have your passport and your suitcase in hand, the joy of having some colourful foreign exchange notes in your holiday purse or wallet is like the icing on the cake! You're off on holiday and we think simply having travel money on you makes that even more official!
Bon voyage members!