What is a Travel Money card and how do I use it?
A travel money card is like a debit that allows you to make purchases in-store, online or over the phone, and also make withdrawals for local currency from ATMs.
When you purchase the card, you get a PIN which you would need to key in when you make a purchase or withdraw money, and the card is not linked to your bank account.
Multiple foreign currencies can be preloaded onto the card for the countries that you are planning to visit, and you just use the card as if you have cash.
To reload money, you can go online and use BPAY or internet banking to transfer additional money from your bank account across to your travel card.
Travel money cards are like a new version of travellers cheques. You can use the travel money cards wherever American Express, Visa or Mastercard are accepted, because the cards will be linked to one of those networks.
There are advantages with using Travel Money cards, but as with all things, there are a few catches. To find the best Travel money card that suits your needs, make sure you do your research.