Can I Get Another Card For My Currensea Card – Best Travel Cards

A brand-new fintech business which I was presented to previously this year. Can I Get Another Card For My Currensea Card…

It has won a couple of awards over recent months for what it does (offering you a low-cost way to spend abroad) however what I like about  is that it is easy as hell. This is a good thing.

is, successfully, a direct debit travel card. It is a Mastercard which sits in between you and your existing bank account. There is nothing to top-up or prepay. You simply invest as you would on a normal debit card and the money is taken from your bank account– simply without the typical 3% charge.

Oh, and  is complimentary to apply for, which also helps.

There are also some intriguing travel benefits if you pick a paid strategy, but the complimentary strategy works fine. You can apply here.

There is an organization model in fintech which Curve, Revolut, Monzo etc have all followed:

launch by doing something well, and for free or more affordable than the competitors
include more and more features which your existing clients do not really require or want

include charges, fees or constraints to the function that made people get your product in the first place, eliminating any competitive advantage
is currently still in Stage 1 of this process and will ideally remain there. Monzo, curve and revolut are already in Stage 3 …
is easy enough that it passes my ‘Can you discuss it to your mate in the pub in 30 seconds?’ test:

It is a totally free direct debit card to utilize abroad and which instantly recharges all purchases to your existing bank account in Sterling, less a little 0.5% cost.

That’s it.

You do not (yet …) earn any airline miles or points for using it.

Why would I want to get a card?
If you have a charge card offering 0% forex fees, then you don’t need a  card, unless you desire totally free ATM withdrawals. You can stop checking out now.

Credit cards which use benefits and charge 0% FX fees are couple of and far in between. The only ‘points and miles’ alternatives which use a partial service are the Virgin Atlantic credit cards which have 0% FX costs in the Euro zone.

IS perhaps for you if:

you do not have a credit card offering 0% FX costs and do not want to affect your credit report by getting another credit card specifically to use abroad
you want an item which allows you to make �,� 500 of foreign currency ATM withdrawals per month with no fees and only a minimal FX mark-up (there is a small cost beyond �,� 500).
you desire an item for you, your adult kids, moms and dads, partner or anyone else in your life who requires an easy, easy to understand payment card that will save them money when taking a trip.

How does  work in practice?
It is, as I stated previously, a really simple procedure. You utilize your Currensea card in the same way as your existing debit card.

You make your purchase in regional currency (any currency, internationally).
Your bank account bank immediately verifies that you have sufficient cash in your account and authorises the transaction.
The deal goes through at either the interbank rate or the Mastercard rate, depending upon the currency. adds a 0.5% cost if you have the free card. If you have one of their paid cards, there are no fees.
You get an automated spend notice via the app, if you pick to install it.
The money is taken from your current account a few days later on.
Here is an example. Without any foreign travel in the diary, I decided to sprinkle out and buy 1,000 MeliaRewards points for EUR5.

This is what you see in the Currensea app, which reveals �,� 4.33 arranged to leave my HSBC account a few days later:.

Converting pounds was pricey.

A pet peeve of mine is when ATMs forewarn you about the daytime break-in that is almost to happen (often in a different language) while not telling you about the exorbitant currency conversion costs taking place in the background. Don’t get me began. Anyhow back to the positives for a bit anyhow.

Thankfully over the last few years a handful of great travel debit cards have popped onto the scene … and like other terrific cards  guarantees big cost savings (85%) and an excellent app.

I believe the finest bit might be what no other card does: connects to your existing high street bank account.

What this indicates is you can invest money you have in your existing current account with less stress over running out of cash and the extra step. However that does not indicate it is ideal.

In this Currensea review is the excellent, the bad, the awful and the alternatives, so that you can choose.

FX markup.
While our premium strategies have no FX markup, we charge a nominal FX markup on our Vital Plan of 0.5% per deal, allowing us to make income from our Essential Plan whilst remaining more affordable than other prepaid cards and high-street debit cards. We likewise charge an FX markup on ATM usage over the complimentary quantity on all our plans, complete details can be found on our prices plans.

Membership charges.
We charge a yearly membership fee of �,� 25 for our Premium Plan, and �,� 120 for our Elite Plan. The subscription charge also removes all FX markup on transactions.

Interchange.
Each time you invest with your card we receive a small % of the transaction, called interchange, this comes straight from the merchant and will not be credited you. Can I Get Another Card For My Currensea Card