How much foreign currency to carry and how
to carry it are two queries you need to sort out while scheduling a tour overseas
like Australia. Using just cash is not sensible, particularly if your holiday
is a lengthy one. Except hard cash, there are some other ways you can carry Forex i.e. traveller’s cheques, plastic money in the form of debit and credit cards
and foreign
exchange card. Using a credit card overseas for foreign currency
transactions might be fine but it is costly. If one uses a credit card overseas,
there will be conversion charges and if swiped at an ATM, an extra fee is imposed.
For sum expended overseas using an Indian credit card, the fee will vary from
issuer to issuer, merchant to merchant and currency to currency but would comprise
of conversion charges fluctuating from 3.50% to 5.00% and if credit card is
used for extraction of foreign currency from ATMs overseas a supplementary extraction
charge of 2% to 5% (contingent on the issuer) is imposed. A prepaid foreign
exchange card is another alternative you can contemplate. These are the safest choice
(equated to cash) as they are facilitated with PIN protection, can be swiped
for all genera of transactions and are striking in terms of pricing. A prepaid
card can be loaded with numerous currencies on a sole card. However, if you are
visiting just one nation, it is better to fill it with only a single currency.
If you are planning on going to Australia
for outing this summer, you can settle on the best Forex card for Australia. You
can get a prepaid best forex card
for Australia from a bank or an authorized Forex dealer. You don't even
need an account association with the bank to buy the card. One simply has to
fill the application form with personal particulars, sum of foreign currency
etc., and submit a self-attested copy of one's passport. Some might necessitate
a copy of the visa too; henceforth get a validation on the required documents. There
numerous options to select from, so choose a card according to your prerequisite.
Also, you need to be conscious of the numerous charges while using a prepaid
forex card. Once the card gets laden with Forex, you don't have to panic about
the conversion charges any longer. It is the best option to make your trip
hassle-free.
