Widely Accepted – These cards are not only accepted by sprawling shopping malls and fancy restaurants, in some countries even taxis accept this card as well.
Safe to Carry – This prepaid forex card effortlessly mitigates the risk of losing cash. It is very similar to debit or credit card that you carry in your bag. In fact if by chance you lose it, you can reapply for the same just like it happens for your bank debit or credit card.
Protects against currency fluctuations – It makes sense using forex prepaid cards during highly volatile currency fluctuations. The forex card exchange rate is locked on the day of purchase hence no rate of currency fluctuation will effect you adversely.
Way cheaper than credit or debit card – The credit or debit card issued in India carries INR denomination. This means when you swipe the credit or debit card issued in India in some other country, the transaction takes place in foreign currency and not INR. Thus you have to bear the currency conversion rate which can range up to 3 to 5 %. Since the prepaid forex cards are loaded with local currency of the country you visit, you are saved from paying the mark up cost.