My Travel Cash prepaid MasterCard cards, named as good value by the Guardian and Which?

Thursday, July 08, 2010

Source:Guardian.co.uk

In an article on the Guardian website, my Travel Cash cards were named as good value when compared to other methods of taking money abroad. The article highlights the increasing popularity of using a prepaid currency card for foreign exchange, in light of the convenience, security and savings that can be made by using one. Raffick Marday of Compare Prepaid is quoted saying:

"In general, travel money cards give you a better exchange rate than other travel money providers, on average 8% better than exchanging at airports, 4% better than travellers cheques and 5% better than a bureau de change"

The article also explains how easy it is to use the cards:

"The deal with prepaid chip and pin cards is that you load up with currency before you go (normally a choice of euros, dollars or sterling), rather like a pay-as-you-go mobile phone, and then use it abroad to pay for goods and services, and withdraw cash from ATMs.

You cannot spend more than the balance on the card, so they are useful in helping people stick to a budget. Prepaid travel money cards can also be easily reloaded online (handy for parents whose gap-year kids run out of money), by phone and in some cases by text message."

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