Why is it recommended to buy a forex card for travel purposes?

Forex currency card models are pre-loaded cards where you can preload a foreign currency. After that, it works like a debit card. You swipe and make your payment while traveling overseas or at airports and take a receipt. And, the money from the card gets subtracted as and when you spend. The maximum of the banks offers forex currency card options. Previously, forex cards were typically single currency cards. In other words, you could just load your card with a solo foreign currency. Nowadays, maximum banks issue multi-currency cards. You could load several currencies on your card. Just tell your bank how much money in particular currencies you wish to be loaded on your card and it is done. This is predominantly advantageous when you are traveling to several nations. Here is where forex cards benefit the maximum. There are no forex conversion charges you need to pay. This is because your currency is already converted before you leave India and laden on your card. So each time you spend overseas, you are spending foreign currency, not Indian rupees altered to foreign currency.

What if you lose your forex card overseas?

Firstly, you need to notify the issuing bank instantaneously via phone or email and make sure that your card is blocked. File police first information report (FIR) at the nearby police station overseas, scan and email the ID proof to your bank back in India. Then, the bank transfers the balance of your lost card from the duplicate card. Some banks prefer to courier you the novel forex card if your main card gets misplaced or pinched. It starts the new card once the receipt is confirmed by the handler. Some banks also give you a duplicate forex card that you can start if your primary card gets misplaced or stolen. But, make sure that you carry your bank’s call center number while traveling overseas so that getting in touch is speedy and easy. So, the balance in your primary card gets moved to a duplicate forex card after a call.

On your worldwide holiday, we highly suggest you to buy forex card India and carry a multicurrency or single currency forex card, as per your travel schedule. Also, carry a lesser quantity of cash currency to use it for exigency purposes. Carry your intercontinental debit/credit card to swipe in case of emergencies.