Get A Free Currensea Card – Best Travel Cards

A new fintech company which I was presented to earlier this year. Get A Free Currensea Card…

It has actually won a couple of awards over recent months for what it does (providing you a low-priced method to spend 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 in between you and your existing current account. There is nothing to top-up or prepay. You simply invest as you would on a regular debit card and the money is taken from your bank account– just without the typical 3% fee.

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

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

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

launch by doing one thing well, and for free or cheaper than the competitors
add increasingly more functions which your existing consumers don’t truly need or want

add restrictions, charges or fees to the feature that made individuals get your product in the first place, removing any competitive advantage
is presently still in Stage 1 of this procedure and will hopefully stay there. Curve, Revolut and Monzo are already in Phase 3 …
is easy enough that it passes my ‘Can you discuss it to your mate in the club in 30 seconds?’ test:

It is a totally free direct debit card to use abroad and which instantly recharges all purchases to your existing current account in Sterling, less a little 0.5% charge.

That’s it.

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

Why would I wish to get a card?
If you have a charge card offering 0% foreign exchange charges, then you do not require a  card, unless you want free ATM withdrawals. You can stop reading now.

Nevertheless, credit cards which provide rewards and charge 0% FX charges are few and far between. The only ‘points and miles’ choices which use a partial solution are the Virgin Atlantic credit cards which have 0% FX costs in the Euro zone.

IS perhaps for you if:

you don’t have a credit card offering 0% FX charges and do not wish to affect your credit report by getting another charge card specifically to utilize abroad
you desire a product which allows you to make �,� 500 of foreign currency ATM withdrawals per month with no fees and just a very little FX mark-up (there is a little fee beyond �,� 500).
you want an item for you, your adult children, parents, partner or anyone else in your life who requires an easy, easy to understand payment card that will save them money when travelling.

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

You make your purchase in regional currency (any currency, globally).
Your current account bank automatically verifies that you have enough cash in your account and authorises the transaction.
The deal goes through at either the interbank rate or the Mastercard rate, depending upon the currency. adds a 0.5% charge if you have the free card. If you have one of their paid cards, there are no costs.
You get an automatic spend alert via the app, if you choose to install it.
The money is taken from your bank account a few days later on.
Here is an example. Without any 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 few days later on:.

Transforming pounds was pricey.

A pet peeve of mine is when ATMs forewarn you about the daytime burglary that is just about to take place (frequently in a different language) while not telling you about the expensive currency conversion charges happening in the background. Do not get me began. Anyway back to the positives for a bit anyhow.

In recent years a handful of terrific travel debit cards have popped onto the scene … and like other terrific cards Currensea assures 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 checking account.

What this indicates is you can spend money you have in your existing current account with less stress over running out of money and the additional action. That does not imply it is perfect.

In this Currensea review is the excellent, 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 Essential Plan of 0.5% per transaction, enabling us to make profits from our Necessary 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 free quantity on all our plans, full details can be discovered on our pricing plans.

Membership costs.
We charge an annual membership cost of �,� 25 for our Premium Plan, and �,� 120 for our Elite Strategy. The membership cost also removes all FX markup on transactions.

Interchange.
Each time you invest with your card we get a little % of the deal, called interchange, this comes straight from the merchant and will not be credited you. Get A Free Currensea Card