Whether it's for vacation or work, going abroad is always exciting! You get to explore new places and learn about different cultures around the world. However, when you go to another country, you need to pay in their currency. You can carry bundles of cash around, but it may not always be safe. You could suddenly run out of cash or may come across places that do not accept cash payments at all. Your regular cards may work there, but the transaction charges will be significant. Apply for a Forex Card, which is a safe and convenient way of making payments abroad.
Getting a Multi-Currency Forex Card is quite simple. You can apply for one online, and it will be delivered to your home. You can also collect it from your bank branch within 2 working days. A Forex Card looks just like your regular Debit or Credit Card, but you can use it to spend money in foreign currency.
Effective ways to use a Forex Card abroad
- Have a budget in place: Before you travel, prepare an estimated budget and load that amount onto your Forex Card. This helps you avoid carrying too much or too little money and saves you from extra charges for reloading.
- Know the exchange rates: Check how much your money is worth in the country that you are visiting. Try to spend or withdraw money when the exchange rate is favourable. This way, you get more for your money.
- Use ATMs carefully: Look for ATMs that are the same as your Forex Card provider to avoid paying extra fees. If possible, plan your expenses and withdraw larger amounts of money less often to save on transaction fees.
- Keep track on your spending: Remember and keep an eye on all your expenses using your Forex Card. Ensure that all the transactions on your Forex Card statement are correct to avoid any surprises.
- Keep your card safe: Take care of your Forex Card like you would of your cash. Keep it in a safe place, do not share your PIN with anyone and lock your card once you return. If your Forex Card gets lost or stolen, report it to the provider immediately to prevent unauthorised transactions.
Also Read: Forex vs Debit vs Credit Card: Key differences
Conclusion
Swipe and use your Forex Card across various activities conveniently at affordable rates to enjoy your foreign trips. When using the Forex Card, be mindful of the these strategies and make the most of your trip abroad. A Forex Card will ensure you have a seamless and cost-effective financial experience without compromising on security.
With Axis Bank Forex Cards, you can lock-in the exchange rates and be safe from rate fluctuations. You can make hassle-free payments with 16 different currencies, pay for international online transactions and transfer the balance of one currency wallet to another and with 24x7 customer support in case of loss of your card. So, book your flight tickets now and fly towards your dream destination, backed by the reliability of your Axis Bank Forex Card.
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.
