How To Get Currensea Card For Free – Best Travel Cards

A brand-new fintech company which I was introduced to earlier this year. How To Get Currensea Card For Free…

It has won a couple of awards over recent months for what it does (providing you a low-priced method to invest abroad) but what I like about  is that it is simple as hell. This is a good idea.

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

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

There are also some interesting travel benefits if you pick a paid strategy, however the free strategy works fine. You can use here.

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

launch by doing something well, and for free or cheaper than the competition
add more and more functions which your existing customers don’t truly need or desire

add restrictions, charges or fees to the function that made people get your item in the first place, eliminating any competitive advantage
is currently still in Stage 1 of this process and will hopefully remain there. Curve, monzo and revolut are currently in Stage 3 …
is basic enough that it passes my ‘Can you discuss it to your mate in the pub in 30 seconds?’ test:

It is a totally free direct debit card to utilize abroad and which instantly recharges all purchases to your existing bank account in Sterling, less a small 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 fees, then you don’t need a  card, unless you desire free ATM withdrawals. You can stop checking out now.

However, charge card which provide benefits and charge 0% FX charges are few and far between. The only ‘points and miles’ options which offer a partial solution are the Virgin Atlantic credit cards which have 0% FX fees in the Euro zone.

IS perhaps for you if:

you do not have a credit card offering 0% FX charges and do not wish to affect your credit report by getting another credit card particularly to use abroad
you desire a product which allows you to make �,� 500 of foreign currency ATM withdrawals per month with no costs and only a very little FX mark-up (there is a little fee beyond �,� 500).
you desire an item for you, your adult children, parents, partner or anybody else in your life who needs a simple, easy to understand payment card that will conserve them cash when travelling.

How does  operate in practice?
It is, as I stated earlier, a really 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, internationally).
Your current account bank automatically verifies that you have sufficient cash in your account and authorises the transaction.
The deal goes through at either the interbank rate or the Mastercard rate, depending on the currency. includes a 0.5% charge if you have the complimentary card. If you have one of their paid cards, there are no fees.
You get an automated spend notification via the app, if you choose to install it.
The cash is taken from your current account a few days later.
Here is an example. With no foreign travel in the journal, I chose to sprinkle out and purchase 1,000 MeliaRewards points for EUR5.

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

Transforming pounds was pricey.

A pet peeve of mine is when ATMs forewarn you about the daylight robbery that is almost to happen (often in a different language) while not telling you about the expensive currency conversion costs taking place in the background. Do not get me began. Anyway back to the positives for a bit anyhow.

Fortunately in the last few years a handful of great travel debit cards have popped onto the scene … and like other fantastic cards  assures huge savings (85%) and an excellent app.

I think the finest bit might be what no other card does: connects to your existing high street bank account.

What this implies is you can invest cash you have in your existing bank account with less worry about running out of money and the extra action. But that does not indicate it is best.

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 small FX markup on our Important Plan of 0.5% per transaction, allowing us to make income from our Vital Plan whilst staying much cheaper 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 information can be discovered on our prices plans.

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

Interchange.
Every time you invest with your card we receive a little % of the deal, referred to as interchange, this comes straight from the merchant and will not be credited you. How To Get Currensea Card For Free