Planning an international trip can be exciting yet daunting, especially when it comes to managing your money abroad. With multiple currency exchange options, such as cash, debit/credit card, traveller cheque, and Forex card, choosing the right one can be confusing.
A multicurrency travel card simplifies international payments by allowing you to load money in one currency and spend it in another foreign currency without any conversion fees.
As you look for the best multicurrency travel card for your upcoming trip, here are some tips to make the smartest choice:
Key Features to Look for in a Travel Card
An ideal multicurrency travel card should have these key features:
Acceptance in Multiple Countries
Your primary consideration while picking a travel card should be global acceptance. Choose a card that works smoothly across ATMs and merchant outlets in over 150+ countries. This saves you from the hassle of finding places to exchange currency.
Zero Foreign Exchange Markup
Banks typically charge a foreign exchange fee ranging from 3% to 5% when you use your debit/credit card internationally. A good travel card levies no markup fee on international currency exchange transactions. This should be a prerequisite.
Flexible Loading
Opt for a card allowing you to load money in INR from India and spend it in the local currency abroad. It eliminates guesswork about carrying and loading cash in the right foreign currency.
Higher Withdrawal Limits
Your travel card should allow sufficiently high ATM cash withdrawals and POS transaction limits to cover all your international trip expenses without hassle.
Smart Tips to Choose the Best Multicurrency Travel Card
Along with the key features, also consider these smart travel tips when comparing from different banks:
Check Acceptance Network
Along with the number of countries, verify that your travel card works smoothly across merchant outlets and ATMs abroad. Choosing VISA or Mastercard travel cards generally offers wider international acceptance.
Compare Exchange Rates and Fees
Zero foreign exchange markup alone should not drive your choice if the bank charges several other hidden fees or offers poor exchange rates, which can raise overall costs.
Seek Digital Convenience
Opting for a travel card with a fast digital account opening, contactless payments facility, and in-app features for easy monitoring and security makes your international trips more convenient.
Why Choose Niyo Global for Your International Travel?
Niyo Global’s multicurrency travel card packs a punch when it comes to blending top-notch features with digital banking convenience. Here’s a quick look at the key benefits that make it the smartest choice:
Smoothest Global Usage
Niyo Global debit card powered by VISA provides acceptance across 150+ countries spanning over 200 million merchant outlets and 2 million+ ATMs worldwide.
Zero Markup on International Transactions
You enjoy zero exchange rate markup on POS and ATM transactions in foreign currency offering big savings.
Load in INR, Spend Globally
Say goodbye to the dilemma of which foreign currency to carry. Just load Niyo Global in INR and spend directly in 150+ currency options abroad.
Top-notch Security
Features like temporary card blocking and permanent cancellation provide peace of mind against the loss or theft of your card when travelling overseas.
Attractive Savings Account Benefits
Niyo Global bundles an interest-earning savings account with freeloading/transfers and up to a 7.5% interest rate.
Conclusion
Choosing the right travel card can save you a sizable amount in foreign currency exchange charges during international trips. So evaluate your options carefully based on acceptance networks, zero markup exchange rates, security features, digital conveniences and add-on benefits before making the smartest choice!
