Traveling with cash can be dangerous. On the other hand, using credit cards isn’t possible everywhere in the world. Besides, the currency exchange rates aren’t always in your favor. Getting a prepaid Mastercard like the one offered by Continental Currency Exchange can be the best solution to all these problems. Let’s see some of the benefits of using this prepaid debit card in your travels.
This card will help you avoid traveling with large amounts of cash on you. Instead of exchanging your dollars into the currency of your country of destination, you can transfer the needed amount from your bank account to this prepaid card and use it on arrival. In case someone steals your card, they won’t be able to spend more than the amount of money you’ve transferred. This is much safer than traveling with a credit card. It comes without saying that you should block your prepaid card as soon as you notice it has been stolen. However, it’s good to know that the burglars won’t make a huge hole in your bank account or credit card balance. In addition, this card will prevent you from getting in debt as a result of excessive shopping. You’ll only be able to spend the amount you’ve transferred, so you won’t be spending the bank’s money to pay for your unreasonable purchases. As a matter of fact, credit cards alter our purchasing behaviors, making us spend money with ease on things we may as well live without.
The other advantage of a prepaid Mastercard is that it offers better currency exchange rates than banks or other financial institutions and foreign exchange offices. This makes it better than your regular bank account with a debit card attached. With this new type of card, you can have access to multiple currency accounts. You’ll be able to save, spend and manage transactions with ease, from anywhere in the world. As Mastercard is one of the universally accepted cards, you’ll be able to use it everywhere, regardless of the local currency.
This type of card is also a good idea for those who don’t want to get a standard credit card which will require a credit check. If you aren’t eligible for a credit card, you can still enjoy most of the benefits offered by Mastercard by using this solution. These cards are very easy to obtain and they come with very low fees. In fact, many of them have no annual maintenance fees attached, while others have extremely low monthly fees. Either way, these card are much cheaper than regular bank accounts and debit cards, so they can be an excellent alternative to traditional banking.
As you can see, there are multiple advantages to using such cards. If you need more details about your available options, you should try to search for information online or directly on the websites of companies that offer these cards. Make sure you compare all of them side by side, as this is an effective method to choose the one that suits you best.