Why a Multi Currency Forex Card is the Smartest Choice for International Travel?
If you are a frequent international traveller then a Multi Currency Forex Card can be your solution to smart travel. The card offers the benefit of loading 15 global currencies into a single card without extra charges. Using this card, you can save a lot of time and money and focus more on having a good time abroad. Read this blog where you will get to know the top reasons to use a Multi Currency Forex Card for all your international travels.
Multi Currency Forex Card Explained
The Multi Currency Forex Card allows you to load and store foreign currencies for use while travelling overseas, eliminating the need to carry cash or exchange it each time you go abroad. Just easily use the card to make purchases or withdraw money from ATMs in other countries. This card eliminates the need to carry large amounts of cash and provides a way to manage several currencies when travelling.
Reasons to Use a Multi Currency Forex Card For Smart International Travel
Below are the various benefits that you get with a multi currency Forex Card:
- Get a Single Card With Multiple Currencies
You can load up to 15 different currencies onto a single card with this capability. It eliminates the need to manage money in different currencies or carry several cards, making it the perfect travel partner in many countries. As you spend, you may easily swap currencies without worrying about conversion costs.
- Lost Card/Counter Card Liability Coverage
You can travel with peace of mind, thanks to the Forex Card’s ₹5,00,000 lost card liability coverage. This coverage safeguards your money from unauthorised transactions if your card is lost or stolen. To continue easily spending your money, ask for a new or counter card.
- Ease of Usage
With a Multi Currency Forex Card, users get the convenience of carrying multiple currencies on a single card effortlessly while travelling across different continents. You can top up currencies such as USD, EUR, GBP, JPY and others on the card which can be very useful for business professionals and vacationers exploring multiple countries during their journey.
- Zero Charges for Currency Conversion
When using Forex Cards like Multi Currency cards internationally, it makes sure you stay away from high currency conversion fees that often come with using Credit or Debit Cards. Charged during each purchase made overseas, Forex Cards do away with these fees since you preload them with foreign currency before starting your journey. This not only assists in cutting costs on every transaction made abroad but also lowers the total expenses incurred during your trip.
- Fixed Exchange Rates
You have the benefit of securing fixed exchange rates at the moment of Multi Forex Card loading to shield yourself from currency fluctuations during periods of economic instability when rates can unexpectedly increase.
- Completely Safe and Secure to Use
When you’re travelling internationally it’s safer to use a Multi Currency Forex Card for carrying cash. Losing cash can be a headache while you are abroad. If your Forex Card goes missing you can quickly block it and request a new one. These cards have security measures like PIN-based systems and two-factor authentication making them more secure.
- Global ATM Network
When you have a Multi Currency Forex Card you can easily take out the currency from ATMs in the country you’re traveling to. This way ensures that you will always have cash handy whenever you might need it. With the option to withdraw from ATMs conveniently, you won’t have to carry around sums of currency which lowers the chances of theft happening.
How to Apply for a Multi Currency Forex Card?
You can apply for a Multi Currency Card with leading banks such as ICICI Bank. Follow the steps:
If You’re an existing ICICI Bank customer
- Log in to Internet Banking
Use your ICICI Bank internet banking dashboard. Enter your user ID and password to access your account.
- Navigate to Forex and Travel Cards
Select “Forex and Travel Cards” from the menu and click on the login option.
- Choose Your Forex Card
Explore the available Forex card options, select the one that suits your needs, and proceed to apply online.
- Submit Required Documents
Complete the application by uploading the necessary documents, such as your passport, PAN card, and travel details.
If you’re a new user
- Visit the ICICI Bank Website
Go to the Forex Card section on the website.
- Select Your Card
Browse through the Forex Card options and click on the one you prefer.
- Click on Apply Now
Start the application process by clicking the “Apply Now” button.
- Enter the Mobile Number for OTP
Provide your mobile number and verify it using the OTP sent to your phone.
- Fill in Your Details
Complete the application form by entering:
- Personal details (name, address, and contact information)
- Travel purpose and duration
- Passport and PAN card information
- Complete Video KYC
A bank representative will get in touch with you to complete the video KYC process.
Conclusion
Using a Multi Currency Forex Card is a smart and simple way to manage your funds when going internationally. It saves you money on currency conversion fees while also providing security and convenience.
This card simplifies spending in several locations, whether you’re travelling for work, a family holiday, or a solo trip. It provides financial peace of mind with features like lost card liability coverage, multi-currency wallets, and frozen exchange rates.
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