Traveling and exploring different countries is always thrilling. However, dealing with various currencies can be a bit of a struggle when you move from one country to another. In such situations, a Multi Currency Forex Card comes in handy as it makes international travel much easier.
In this blog post, we will talk about the advantages of using a Multi-currency Forex Card and why it serves as a convenient choice for individuals traveling internationally.
What is a Multi Currency Forex Card?
The Multi Currency Forex Card is like an international card that lets you load and keep foreign currencies on it for your travels to different countries. Simply use the card for transactions or ATM withdrawals. This card removes the necessity of carrying loads of cash and offers a simplified method to handle multiple currencies during your trips.
Advantages of Using a Multi Forex Card
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Convenience of usage
A key benefit of using a Multi Currency Forex Card is the convenience it offers by allowing you to make a transaction with multiple currencies on a single card effortlessly. You can top up currencies such as USD, EUR, GBP, JPY, and others on the card which proves extremely useful for business professionals and vacationers who are frequent travelers.
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No additional fees for currency conversion
When utilizing a Multi Currency Forex Card abroad, it ensures you stay clear of high currency conversion fees that often come with using credit or debit cards issued by your home bank. Generally charged during each purchase made overseas, forex cards do away with these fees since you preload them with foreign currency before embarking on your journey. This not only assists in cutting costs on every transaction made abroad but also lowers the total expenses incurred during your trip.
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Locked-in exchange rates
When you use a Multi Currency Forex Card, you have the benefit of securing exchange rates at the moment of card loading to shield yourself from currency fluctuations during periods of economic instability when rates can unexpectedly increase.
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Safe and Secure Transactions
Protect your online payments with 3D Secure authentication. This added layer of security confirms your identity during a quick and easy checkout process, ensuring safer transactions. Enjoy peace of mind knowing your payments are secure every time you shop in international borders.
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ATM access worldwide
When you have a Multi Currency Forex Card you can easily take out the currency from the local ATMs of the country you’re traveling to. This way ensures that you’ll always have cash handy whenever you might need it. With the option to withdraw from ATMs conveniently, you won’t have to carry around sums of currency which lowers the chances of theft happening.
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24*7 Online Service
No need to visit a branch or call Customer Care for any concern. Just log in to ‘Self Care Portal’ to monitor spending, block/ unblock of card, reset ATM PIN, Wallet to Wallet transfer, and much more.
How Can One Make Use Of A Currency Forex Card?
In-store transactions: Use your Forex card for hassle-free payments at stores and restaurants while abroad.
ATM withdrawals: Withdraw cash from ATMs in the local currency whenever needed.
Monitor expenses: Keep track of your balance and spending to avoid running out of funds during your trip.
Online purchases: Make payments in various currencies when booking hotels, flights, or shopping online
How to Avail a Multi Currency Forex Card?
To apply for a Multi-Currency Forex Card from major banks such as ICICI Bank, follow these methods:
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Apply Online
Log in to ICICI Bank Internet Banking, navigate to Forex & Prepaid Cards, and select Apply for Forex Prepaid Cards. Choose your card variant, fill in the required details, and click on Generate Card.
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Visit a Branch
You can also visit any ICICI Bank Forex Branch and request a Forex Prepaid Card in person.
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Use the Bank’s App
If you have an ICICI Bank savings account, simply login to the iMobile App, go to ‘Loans and Forex’, and apply for a Forex Prepaid Card from there.
Conclusion
Using a Multi Currency Forex Card is a great way to handle your money when you’re traveling overseas. It’s convenient and secure and comes with money saving benefits that make it perfect for both vacationers and business travelers. Whether you’re exploring one country or hopping between destinations a Multi Currency Forex Card can simplify your travel plans.
