Using a forex card is a superior alternative than cash for making payments in foreign currency while roving abroad. Equated to cash, a travel card is an economical, safe, and also convenient alternative for transacting on your overseas trip. The best exchange rate charged for loading a foreign currency on your forex card is better than purchasing foreign currency notes. Further, taking a heap of cash would assuredly prove to be a stress for you in terms of safety and expenditure tracking and management. You can learn how to get a forex card in India and use it at an ATM to take out cash in foreign currency while traveling overseas. However, you would be charged an ATM cash withdrawal fee for initiating such a transaction via a travel card. So as to get the best exchange rate, you can learn how to get forex card in India from a reliable online currency exchange market. It would issue you a travel card at zero margin charges.
You just have to choose a forex card, the currency that you desire to load on it, and the sum that you want to convert Indian Rupees to that foreign currency. You can do the payment online and the card would be delivered straight to your home in a safe and sound condition. Also, you don’t have to purchase a new prepaid travel card each time you travel overseas. You can use your prevailing forex card by simply stuffing the currency of the destination nation on it as long as the card is valid. Your forex card comes with a validity period beyond which it can be used depending on renewal. However, the period itself is not fixed and might differ from issuer to issuer. The validity period of a forex card is revealed on the card itself like your debit or credit card and usually differs between 2 to 5 years.
Since forex cards come with embedded chip technology these days instead of magnetic strip technology, they are safer. Also, you can manage your money better via forex cards as they offer online access to track your spending and transactions via net banking. Furthermore, you get monthly statements giving you a clue of how much balance is left on the card. When your trip overseas is over, you can straightforwardly encash the remaining foreign currency and consequently, the balance amount won’t get wasted.