Currensea Card Tunisia – Best Travel Cards

A brand-new fintech company which I was introduced to earlier this year. Currensea Card Tunisia…

It has won a couple of awards over recent months for what it does (offering you an inexpensive method to invest abroad) however what I like about  is that it is basic as hell. This is a good thing.

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

Oh, and  is complimentary to make an application for, which also helps.

There are also some fascinating travel advantages if you select a paid plan, however the totally free strategy works fine. You can use here.

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

launch by doing something well, and totally free or cheaper than the competition
add increasingly more functions which your existing clients do not truly desire or need

add charges, fees or restrictions to the feature that made individuals get your product in the first place, removing any competitive advantage
is currently still in Stage 1 of this process and will ideally stay there. Revolut, curve and monzo are already in Stage 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 utilize abroad and which automatically recharges all purchases to your existing bank account in Sterling, less a small 0.5% cost.

That’s it.

You don’t (yet …) earn any airline miles or points for using it.

Why would I want to get a card?
If you have a credit card offering 0% forex costs, then you do not require a  card, unless you want totally free ATM withdrawals. You can stop checking out now.

Nevertheless, credit cards which offer rewards and charge 0% FX fees are scarce. The only ‘miles and points’ alternatives which use a partial solution are the Virgin Atlantic charge card which have 0% FX fees in the Euro zone.

IS potentially for you if:

you don’t have a credit card offering 0% FX fees and do not want to affect your credit report by getting another charge card particularly to utilize abroad
you desire an item which enables you to make �,� 500 of foreign currency ATM withdrawals each month without any fees and only a minimal FX mark-up (there is a little fee beyond �,� 500).
you want a product for you, your adult kids, parents, partner or anyone else in your life who needs a basic, easy to understand payment card that will conserve them money when travelling.

How does  work in practice?
It is, as I said earlier, a really basic process. 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 instantly confirms that you have adequate money 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 free card,  includes a 0.5% charge. There are no costs if you have among their paid cards.
You get an automatic spend alert through the app, if you choose to install it.
The cash is drawn from your bank account a couple of days later on.
Here is an example. Without any 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 arranged to leave my HSBC account a few days later:.

But converting pounds was costly.

A pet peeve of mine is when ATMs forewarn you about the daylight break-in that is just about to happen (typically in a different language) while not telling you about the outrageous currency conversion charges taking place in the background. Do not get me began. Anyhow back to the positives for a bit anyhow.

In current years a handful of terrific travel debit cards have actually popped onto the scene … and like other excellent cards Currensea promises big cost savings (85%) and a fantastic 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 implies is you can spend money you have in your existing bank account with less worry about running out of money and the additional action. That does not imply it is ideal.

In this Currensea evaluation is the excellent, the bad, the unsightly 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 deal, permitting us to make revenue from our Essential Strategy whilst remaining more affordable than other prepaid cards and high-street debit cards. We also charge an FX markup on ATM use over the totally free amount on all our strategies, full details can be discovered on our rates strategies.

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

Interchange.
Whenever you spend with your card we get a small % of the transaction, called interchange, this comes straight from the merchant and will not be charged to you. Currensea Card Tunisia