Does Currensea Standard Card Support Google Pay – Best Travel Cards

A new fintech company which I was presented to earlier this year. Does Currensea Standard Card Support Google Pay…

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

is, successfully, a direct debit travel card. You merely invest as you would on a typical debit card and the cash is taken from your present account– just without the typical 3% fee.

Oh, and  is totally free to get, which also assists.

There are likewise some interesting travel advantages if you choose a paid plan, however the totally free plan works fine. You can use here.

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

launch by doing one thing well, and totally free or less expensive than the competition
include more and more features which your existing clients do not truly need or want

include limitations, fees or charges to the feature that made people get your product in the first place, eliminating any competitive advantage
is currently still in Phase 1 of this procedure and will hopefully stay there. Monzo, curve and revolut are already in Stage 3 …
is basic enough that it passes my ‘Can you discuss it to your mate in the bar in 30 seconds?’ test:

It is a complimentary direct debit card to use abroad and which immediately 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 using it.

Why would I want 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.

However, credit cards which provide rewards and charge 0% FX fees are rare. The only ‘points and miles’ choices which offer a partial service 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 charge card offering 0% FX charges and do not wish to affect your credit report by getting another credit card specifically to use abroad
you desire an item which permits you to make �,� 500 of foreign currency ATM withdrawals per month without any fees and only a very little FX mark-up (there is a little cost beyond �,� 500).
you want an item for you, your adult children, moms and dads, partner or anyone else in your life who requires a simple, easy to understand payment card that will conserve them money when travelling.

How does  operate in practice?
It is, as I said previously, a very basic process. You use your Currensea card in the same way as your existing debit card.

You make your purchase in local currency (any currency, globally).
Your bank account bank immediately validates that you have enough money in your account and authorises the transaction.
The transaction goes through at either the interbank rate or the Mastercard rate, depending on the currency. If you have the free card,  adds a 0.5% charge. If you have one of their paid cards, there are no charges.
You get an automated spend notice via the app, if you choose to install it.
The cash is drawn from your current account a few days later on.
Here is an example. Without any foreign travel in the journal, I decided to splash out and buy 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 daytime robbery that is practically to occur (often in a different language) while not telling you about the expensive currency conversion costs taking place in the background. Don’t get me began. Anyhow back to the positives for a bit anyway.

In recent years a handful of great travel debit cards have actually popped onto the scene … and like other fantastic cards Currensea promises big cost savings (85%) and a great app.

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

What this means is you can invest money you have in your existing current account with less worry about running out of money and the additional action. That does not imply it is perfect.

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

FX markup.
While our premium plans have no FX markup, we charge a nominal FX markup on our Important Plan of 0.5% per deal, enabling us to make income from our Necessary Strategy whilst remaining much cheaper than other prepaid cards and high-street debit cards. We likewise charge an FX markup on ATM usage over the free quantity on all our strategies, complete information can be found on our prices plans.

Membership fees.
We charge a yearly membership charge of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Strategy. The membership charge likewise removes all FX markup on transactions.

Interchange.
Whenever you spend with your card we receive a small % of the transaction, called interchange, this comes straight from the merchant and will not be charged to you. Does Currensea Standard Card Support Google Pay