Come Me Richiedere Currensea Card – Best Travel Cards

A new fintech company which I was introduced to previously this year. Come Me Richiedere Currensea Card…

It has won a few awards over recent months for what it does (using you an affordable way to invest abroad) however what I like about  is that it is easy as hell. This is a good thing.

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

Oh, and  is totally free to apply for, which likewise assists.

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

There is a company design in fintech which Curve, Revolut, Monzo and so on have all followed:

launch by doing one thing well, and for free or less expensive than the competitors
add increasingly more functions which your existing consumers do not truly require or desire

add charges, charges or restrictions to the function that made individuals get your item in the first place, removing any competitive advantage
is presently still in Phase 1 of this process and will hopefully stay there. Revolut, curve and monzo are already in Phase 3 …
is simple enough that it passes my ‘Can you describe it to your mate in the pub in 30 seconds?’ test:

It is a free direct debit card to use abroad and which immediately 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 company miles or points for utilizing it.

Why would I wish to get a card?
If you have a credit card offering 0% foreign exchange charges, then you don’t need a  card, unless you desire free ATM withdrawals. You can stop reading now.

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

IS potentially for you if:

you do not have a charge card offering 0% FX charges and do not wish to impact your credit report by getting another charge card specifically 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 minimal FX mark-up (there is a little cost beyond �,� 500).
you desire a product for you, your adult kids, moms and dads, partner or anyone else in your life who requires a basic, easy to understand payment card that will save them cash when travelling.

How does  work in practice?
It is, as I said earlier, a very 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 verifies that you have adequate 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. If you have the totally free card,  adds a 0.5% fee. There are no fees if you have among their paid cards.
You get an automatic spend notice via the app, if you choose to install it.
The cash is taken from your bank account a few days later on.
Here is an example. With no foreign travel in the diary, I decided to splash out and purchase 1,000 MeliaRewards points for EUR5.

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

But transforming pounds was costly.

A pet peeve of mine is when ATMs forewarn you about the daylight robbery that is almost to happen (frequently in a different language) while not telling you about the outrageous currency conversion fees occurring in the background. Do not get me started. Anyhow back to the positives for a bit anyway.

Luckily in recent years a handful of fantastic travel debit cards have popped onto the scene … and like other terrific cards  assures huge cost savings (85%) and an excellent app.

I think the best bit may be what no other card does: links to your existing high street bank account.

What this means is you can spend cash you have in your existing current account with less fret about running out of cash and the additional action. However that does not mean it is ideal.

In this Currensea evaluation is the great, the bad, the awful and the options, so that you can choose.

FX markup.
While our premium strategies have no FX markup, we charge a small FX markup on our Important Plan of 0.5% per deal, permitting us to make revenue from our Important Strategy whilst remaining more affordable than other pre-paid cards and high-street debit cards. We likewise charge an FX markup on ATM use over the totally free amount on all our plans, full details can be discovered on our rates strategies.

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

Interchange.
Every time you invest with your card we receive a small % of the deal, called interchange, this comes directly from the merchant and won’t be credited you. Come Me Richiedere Currensea Card