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

A brand-new fintech business which I was introduced to previously this year. Can I Use My Currensea Card In Poland…

It has actually won a few awards over current months for what it does (offering you a low-cost way to spend abroad) but what I like about  is that it is basic as hell. This is a good idea.

is, efficiently, a direct debit travel card. You merely spend as you would on a typical debit card and the cash is taken from your existing account– simply without the usual 3% charge.

Oh, and  is complimentary to look for, which likewise assists.

There are likewise some fascinating travel advantages if you pick a paid strategy, but the free strategy works fine. You can use here.

There is a company model in fintech which Curve, Revolut, Monzo etc have all followed:

launch by doing something well, and for free or cheaper than the competition
include a growing number of functions which your existing clients don’t truly need or want

add fees, charges or constraints to the feature that made people get your item in the first place, getting rid of any competitive advantage
is currently still in Phase 1 of this procedure and will ideally remain there. Monzo, revolut and curve are currently in Stage 3 …
is easy enough that it passes my ‘Can you describe it to your mate in the bar in 30 seconds?’ test:

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

That’s it.

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

Why would I wish to get a card?
If you have a charge card offering 0% forex costs, then you don’t require a  card, unless you want complimentary ATM withdrawals. You can stop reading now.

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

IS perhaps for you if:

you don’t have a credit card offering 0% FX fees and do not wish to affect your credit report by getting another charge card particularly to utilize abroad
you want a product which allows you to make �,� 500 of foreign currency ATM withdrawals each month without any fees and just a very little FX mark-up (there is a small fee beyond �,� 500).
you want an item for you, your adult kids, moms and dads, partner or anybody else in your life who requires a simple, easy to understand payment card that will conserve them cash when taking a trip.

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

You make your purchase in local currency (any currency, internationally).
Your bank account bank automatically validates that you have enough money in your account and authorises the transaction.
The deal goes through at either the interbank rate or the Mastercard rate, depending on the currency. If you have the complimentary card,  includes a 0.5% fee. There are no fees if you have among their paid cards.
You get an automatic spend notification through the app, if you pick to install it.
The cash is drawn from your bank account a couple of days later.
Here is an example. With no foreign travel in the diary, I decided to sprinkle out and purchase 1,000 MeliaRewards points for EUR5.

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

However transforming pounds was pricey.

A pet peeve of mine is when ATMs forewarn you about the daylight robbery that is just about to happen (often in a various language) while not telling you about the inflated currency conversion costs happening in the background. Don’t get me began. Anyhow back to the positives for a bit anyhow.

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

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

What this suggests is you can invest money you have in your existing bank account with less stress over running out of money and the additional step. But that does not mean it is perfect.

In this Currensea review is the excellent, the bad, the ugly and the options, so that you can decide.

FX markup.
While our premium strategies have no FX markup, we charge a nominal FX markup on our Important Plan of 0.5% per transaction, allowing us to make revenue from our Important Plan whilst staying more affordable than other prepaid cards and high-street debit cards. We also charge an FX markup on ATM use over the complimentary amount on all our strategies, complete details can be found on our pricing plans.

Subscription charges.
We charge an annual subscription charge of �,� 25 for our Premium Plan, and �,� 120 for our Elite Strategy. The subscription cost likewise removes all FX markup on deals.

Interchange.
Each time you invest with your card we receive a small % of the deal, referred to as interchange, this comes straight from the merchant and will not be credited you. Can I Use My Currensea Card In Poland