Can I Get A Currensea Card For Someone Else – Best Travel Cards

A new fintech business which I was presented to earlier this year. Can I Get A Currensea Card For Someone Else…

It has won a few awards over current months for what it does (offering you a low-cost way to spend abroad) however what I like about  is that it is easy as hell. This is an advantage.

is, effectively, a direct debit travel card. You just spend as you would on a regular debit card and the cash is taken from your existing account– just without the usual 3% fee.

Oh, and  is totally free to make an application for, which also assists.

There are also some interesting travel advantages if you select a paid strategy, but the complimentary strategy works fine. You can use here.

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

launch by doing something well, and totally free or less expensive than the competition
add a growing number of features which your existing consumers don’t truly require or want

add charges, limitations or costs to the feature that made individuals get your product in the first place, eliminating any competitive advantage
is currently still in Stage 1 of this procedure and will ideally stay there. Monzo, revolut and curve are already in Phase 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 free direct debit card to utilize abroad and which instantly charges all purchases to your existing current account in Sterling, less a little 0.5% cost.

That’s it.

You don’t (yet …) earn any airline company miles or points for using it.

Why would I want to get a card?
If you have a charge card offering 0% forex costs, then you don’t require a  card, unless you want complimentary ATM withdrawals. You can stop reading now.

Credit cards which offer benefits and charge 0% FX charges are few and far in between. The only ‘miles and points’ choices which use a partial option 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 charge card offering 0% FX costs and do not want to affect your credit report by getting another credit card specifically to use abroad
you desire an item which allows you to make �,� 500 of foreign currency ATM withdrawals monthly with no fees and only a minimal FX mark-up (there is a little charge beyond �,� 500).
you want an item for you, your adult children, parents, partner or anyone else in your life who requires a basic, easy to understand payment card that will save them cash when travelling.

How does  work in practice?
It is, as I stated earlier, an extremely easy process. You use 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 immediately verifies that you have adequate cash in your account and authorises the deal.
The transaction 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. There are no charges if you have one of their paid cards.
You get an automatic spend notification via the app, if you pick to install it.
The money is taken from your current account a couple of days later on.
Here is an example. Without any foreign travel in the journal, I chose to splash 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 few days later on:.

Transforming pounds was costly.

A pet peeve of mine is when ATMs forewarn you about the daytime break-in that is practically to take place (often in a different language) while not telling you about the outrageous currency conversion fees occurring in the background. Do not get me began. Anyway back to the positives for a bit anyhow.

Luckily recently a handful of fantastic travel debit cards have popped onto the scene … and like other excellent cards  assures huge cost savings (85%) and a terrific app.

I believe the best bit may be what no other card does: connects to your existing high street bank account.

What this indicates is you can invest cash you have in your existing current account with less worry about running out of cash and the additional step. However that does not suggest it is perfect.

In this Currensea review is the great, 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 small FX markup on our Vital Strategy of 0.5% per transaction, permitting us to make earnings from our Important Strategy whilst remaining much cheaper than other prepaid cards and high-street debit cards. We also charge an FX markup on ATM usage over the totally free amount on all our plans, complete information can be found on our rates strategies.

Subscription costs.
We charge an annual subscription cost of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Strategy. The membership cost also gets rid of all FX markup on transactions.

Interchange.
Each time you invest with your card we get a small % of the deal, referred to as interchange, this comes directly from the merchant and will not be charged to you. Can I Get A Currensea Card For Someone Else