If you are planning to travel abroad, there are exciting and daunting moments you are likely to experience. Besides the excitement of seeing new cities, interacting with different tribes and cultures, there’s the daunting challenge of transacting. Unless you make a good move, you might end up overspending or losing your money in the process. However, you can choose the convenience of prepaid travel cards in Canada. These travel cards offer a flexible way to transact in the eateries, accommodation or supermarkets while travelling. They minimize the risks of overspending, losing the money or carrying large amount of money. This post is a comprehensive guide on how to buy the best prepaid card for travel exploring the benefits, the best prepaid card in Canada and other useful insights.
What to remember when Choosing a Prepaid Card
Today, there are several prepaid travel card issuers which makes the process of selecting among them harder. However, we are here with several factors to consider while choosing a prepaid card. These factors includes the card features, fees and charges. You equally have to consider the initial exchange rates, ease of use, accessibility and card replacement offers.
Low Activation fees
Among these factors, the associate fees is the most important factor to consider. You should always go with the card that offers low or no activation fees, low transaction fees and low monthly maintenance fees. If not checked, these fees can quickly add up and feat into your budget.
Low Transaction fees
Besides these fees, you should look at the card’s foreign transaction fees because this can significantly vary from one provider to the other.
Favorable exchange rates
Another important factor to consider is the exchange rates that are offered by individual providers on specific currencies. Always go with the cards that offer favorable exchange rates. Take your time to compare these cards and choose the right card for your spending.
Multiple currencies
It is important to equally choose card providers that allow you to load and manage your funds in multiple currencies. This provides additional flexibility and convenience when you are travelling around the world.
How to Find a Travel Prepaid Card
There are several places you can get Prepaid travel cards today. However, considering the factors we have discussed above makes it easier to choose the one that works right for you and your travel needs. You have to make sure that the insurer you are going for lets you spend in currencies and the countries you plan to visit.
Cost of Buying the card
Different card insurers price their cards and services differently. For that reason, check the cost of buying the card, the cost of activating the card for the time that you will be travelling and the fees that it will cost you to add money in that specific card.
Conclusion and Recommendations
Prepaid travel cards offer a convenient and a secure solution to cash transfers. However, you should consider several factors including the exchange rates, the activation fees and card features while choosing among the many issuers available in Canada.Â
