As a student when you are travelling abroad, you are full of apprehensions and the foremost concerns are centred around expenditure and cost. Many students face difficulty in handling finances in their first year abroad. Imagine a situation when you are sick or in an emergency and you need immediate cash and it may take some time for funds to come from home. To prevent such cases of funds crisis, it’s always advisable to carry a forex card. Here are some of the reasons why a forex card is the best bet for students.
A forex card is probably one of the most hassle-free ways to handle your money when you are travelling abroad for the first time. Also, before you leave for your preferred destination, you can always lock the exchange rate if the rate is favourable.
For instance, if you are travelling to the US and the US dollar is going strong, you might as well lock the exchange rate.
If you are carrying a smartphone, the world is literally in the palm of your hand.
Most forex cards now give you the unique opportunity to reload money through a simple app on your smartphone. If you have funds in your bank account, reloading the money should be easy.
Those students who really want to be prepared and organized would love a smart forex card which can be instantly reloaded through an app.
Forex cards are the best instruments to make payment online. Be it your university fees, accommodation charges or any other expense, all of this can be paid using forex cards. Credit card/ Debit card usage will either have 3-5% cross conversion charges that are absolutely unnecessary with the forex card option available.
In a foreign land once you are robbed of your cash, you are doomed for the rest of the year; because there is no guarantee that you can get back the money even if you report it to concerned authority. A forex card for example will be linked to any secured network thoroughly protected with the help of a chip and a pin. But they will not be connected to the bank or credit card account. If the card is stolen, the fraudsters will never get access to your hard-earned money.
Another advantage of a forex card is that if it gets stolen, or you lose it, You can report about it immediately and have it blocked. Also you can use your backup replacement card which is provided within the starter kit.
Although forex cards are extremely handy; you should use it with discretion and like all other cards, you guard it properly and protect your pin. Book your multi-currency forex card with DoorstepForex and make a smart travel decision today!