How To Get Currensea Pride Card – Best Travel Cards

A new fintech company which I was introduced to previously this year. How To Get Currensea Pride Card…

It has won a few awards over recent months for what it does (using you an affordable method to spend abroad) but 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 nothing to top-up or prepay. You just invest as you would on a normal debit card and the money is taken from your current account– simply without the typical 3% charge.

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

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

There is a company model in fintech which Curve, Revolut, Monzo etc have actually all followed:

launch by doing something well, and free of charge or less expensive than the competitors
add more and more features which your existing clients do not actually require or want

include constraints, charges or charges to the function that made people get your product in the first place, removing any competitive advantage
is presently still in Stage 1 of this process and will hopefully remain there. Revolut, curve and monzo are already in Stage 3 …
is simple enough that it passes my ‘Can you explain it to your mate in the pub in 30 seconds?’ test:

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

That’s it.

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

Why would I want to get a card?
If you have a charge card offering 0% foreign exchange costs, then you do not need a  card, unless you desire complimentary ATM withdrawals. You can stop checking out now.

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

IS perhaps for you if:

you don’t have a credit card offering 0% FX fees and do not wish to affect your credit report by getting another charge card specifically to use abroad
you desire an item which permits you to make �,� 500 of foreign currency ATM withdrawals per month without any costs and just a minimal FX mark-up (there is a little charge beyond �,� 500).
you want an item for you, your adult kids, moms and dads, partner or anyone else in your life who needs an easy, easy to understand payment card that will save them money when taking a trip.

How does  work in practice?
It is, as I said earlier, a very 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 current account bank instantly validates that you have adequate money in your account and authorises the deal.
The deal goes through at either the interbank rate or the Mastercard rate, depending on the currency. If you have the totally free card,  adds a 0.5% charge. There are no fees if you have among their paid cards.
You get an automated invest notice by means of the app, if you pick to install it.
The money is drawn from your current 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 shows �,� 4.33 scheduled to leave my HSBC account a few days later:.

Transforming pounds was expensive.

A pet peeve of mine is when ATMs forewarn you about the daytime burglary that is practically to take place (often in a various language) while not telling you about the expensive currency conversion costs occurring in the background. Don’t get me began. Anyway back to the positives for a bit anyway.

In current years a handful of excellent travel debit cards have popped onto the scene … and like other fantastic cards Currensea promises huge savings (85%) and an excellent app.

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

What this indicates is you can invest money you have in your existing current account with less stress over lacking cash and the additional action. However that does not mean it is perfect.

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

FX markup.
While our premium plans have no FX markup, we charge a small FX markup on our Essential Plan of 0.5% per transaction, enabling us to make earnings from our Essential Plan whilst remaining more affordable than other prepaid cards and high-street debit cards. We also charge an FX markup on ATM use over the complimentary quantity on all our strategies, complete details can be found on our pricing plans.

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

Interchange.
Whenever you invest with your card we receive a little % of the transaction, called interchange, this comes directly from the merchant and will not be credited you. How To Get Currensea Pride Card