Can I Use My Currensea Card In Brazil – Best Travel Cards

A new fintech company which I was introduced to previously this year. Can I Use My Currensea Card In Brazil…

It has actually won a few awards over current months for what it does (providing you an inexpensive method to spend abroad) however what I like about  is that it is simple as hell. This is a good idea.

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

Oh, and  is free to request, which also helps.

There are also some fascinating travel benefits if you choose a paid strategy, but the complimentary plan works fine. You can use here.

There is a service design in fintech which Curve, Revolut, Monzo etc have all followed:

launch by doing one thing well, and for free or less expensive than the competitors
add more and more features which your existing clients do not actually require or want

add charges, constraints or fees to the feature that made individuals get your product in the first place, getting rid of any competitive advantage
is currently still in Phase 1 of this process and will ideally remain there. Revolut, curve and monzo are already in Phase 3 …
is basic enough that it passes my ‘Can you explain it to your mate in the club in 30 seconds?’ test:

It is a totally free direct debit card to use abroad and which automatically charges all purchases to your existing bank account in Sterling, less a little 0.5% fee.

That’s it.

You do not (yet …) make 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 costs, then you do not need a  card, unless you want complimentary ATM withdrawals. You can stop reading now.

Credit cards which offer rewards and charge 0% FX charges are couple of and far in between. The only ‘points and miles’ options which provide a partial service are the Virgin Atlantic credit cards which have 0% FX charges in the Euro zone.

IS potentially for you if:

you don’t have a credit card offering 0% FX costs and do not wish to impact your credit report by getting another credit card particularly to use abroad
you desire a product which allows you to make �,� 500 of foreign currency ATM withdrawals each month with no charges and just a minimal FX mark-up (there is a little charge beyond �,� 500).
you want an item for you, your adult kids, parents, partner or anyone else in your life who needs an easy, easy to understand payment card that will save them money when taking a trip.

How does  operate in practice?
It is, as I stated earlier, an extremely simple process. You utilize your Currensea card in the same way as your existing debit card.

You make your purchase in regional currency (any currency, worldwide).
Your bank account bank automatically confirms that you have sufficient cash in your account and authorises the transaction.
The transaction goes through at either the interbank rate or the Mastercard rate, depending upon the currency. includes a 0.5% cost if you have the free card. There are no charges if you have among their paid cards.
You get an automated invest notification through the app, if you select to install it.
The cash is taken from your bank account a couple of days later on.
Here is an example. With no foreign travel in the diary, I chose to sprinkle out and buy 1,000 MeliaRewards points for EUR5.

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

However transforming pounds was pricey.

A pet peeve of mine is when ATMs forewarn you about the daytime robbery that is almost to take place (often in a various language) while not telling you about the expensive currency conversion costs occurring in the background. Don’t get me began. Anyhow back to the positives for a bit anyhow.

Thankfully in recent years a handful of great travel debit cards have popped onto the scene … and like other great cards  guarantees huge savings (85%) and a terrific app.

However I believe the very best bit might be what no other card does: connects to your existing high street savings account.

What this means is you can spend cash you have in your existing bank account with less stress over lacking money and the additional step. That does not imply it is ideal.

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

FX markup.
While our premium plans have no FX markup, we charge a small FX markup on our Vital Plan of 0.5% per transaction, permitting us to make earnings from our Important Plan whilst staying much cheaper 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 information can be found on our prices plans.

Subscription charges.
We charge a yearly membership cost of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Plan. The subscription cost likewise removes all FX markup on transactions.

Interchange.
Each time you spend with your card we receive a small % of the transaction, called interchange, this comes directly from the merchant and will not be credited you. Can I Use My Currensea Card In Brazil