Where Can I Get Currensea Card From – Best Travel Cards

A new fintech business which I was presented to previously this year. Where Can I Get Currensea Card From…

It has actually won a couple of awards over current months for what it does (using you a low-cost way to spend abroad) but what I like about  is that it is basic as hell. This is a good idea.

is, effectively, a direct debit travel card. It is a Mastercard which sits in between you and your existing bank account. There is absolutely nothing to top-up or prepay. You just spend as you would on a typical debit card and the cash is taken from your bank account– simply without the typical 3% fee.

Oh, and  is complimentary to request, which also assists.

There are also some interesting travel advantages if you choose a paid plan, however the free strategy works fine. You can apply here.

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

launch by doing something well, and for free or more affordable than the competitors
add a growing number of functions which your existing consumers don’t really need or desire

add fees, charges or limitations 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 procedure and will hopefully remain there. Curve, Revolut and Monzo are currently in Stage 3 …
is basic enough that it passes my ‘Can you explain it to your mate in the club in 30 seconds?’ test:

It is a free direct debit card to use abroad and which instantly charges all purchases to your existing current 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 wish to get a card?
If you have a charge card offering 0% forex charges, then you do not need a  card, unless you want complimentary ATM withdrawals. You can stop reading now.

However, credit cards which provide rewards and charge 0% FX costs are rare. The only ‘miles and points’ choices which offer a partial service are the Virgin Atlantic credit cards which have 0% FX costs in the Euro zone.

IS potentially for you if:

you do not have a credit card offering 0% FX costs and do not want to impact your credit report by getting another credit card particularly to use abroad
you desire an item which permits you to make �,� 500 of foreign currency ATM withdrawals monthly without any charges and just a very little FX mark-up (there is a little cost beyond �,� 500).
you desire an item for you, your adult kids, parents, partner or anyone else in your life who requires a simple, easy to understand payment card that will conserve them cash when taking a trip.

How does  operate in practice?
It is, as I stated earlier, a very 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 bank account bank automatically confirms that you have enough cash in your account and authorises the deal.
The deal goes through at either the interbank rate or the Mastercard rate, depending upon the currency. If you have the complimentary card,  includes a 0.5% fee. If you have one of their paid cards, there are no costs.
You get an automated spend notification via the app, if you pick to install it.
The cash is taken from your current account a couple of days later on.
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 scheduled to leave my HSBC account a few days later:.

However transforming pounds was pricey.

A pet peeve of mine is when ATMs forewarn you about the daytime burglary that is just about to happen (often in a various language) while not telling you about the outrageous currency conversion charges occurring in the background. Do not get me started. Anyway back to the positives for a bit anyhow.

In recent years a handful of great travel debit cards have popped onto the scene … and like other fantastic cards Currensea assures big 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 spend money you have in your existing bank account with less stress over lacking cash and the extra action. That does not imply it is ideal.

In this Currensea review is the excellent, the bad, the ugly and the options, so that you can choose.

FX markup.
While our premium strategies have no FX markup, we charge a nominal FX markup on our Important Plan of 0.5% per transaction, enabling us to make profits from our Essential Plan whilst staying much cheaper than other pre-paid cards and high-street debit cards. We also charge an FX markup on ATM usage over the totally free amount on all our strategies, full details can be discovered on our rates plans.

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

Interchange.
Whenever you spend with your card we get a little % of the deal, known as interchange, this comes directly from the merchant and will not be charged to you. Where Can I Get Currensea Card From