Currensea Metal Card Queue – Best Travel Cards

A brand-new fintech company which I was presented to previously this year. Currensea Metal Card Queue…

It has actually won a couple of awards over recent months for what it does (offering you an inexpensive way to spend abroad) but what I like about  is that it is simple as hell. This is an advantage.

is, efficiently, a direct debit travel card. You simply spend as you would on a regular debit card and the money is taken from your present account– simply without the usual 3% charge.

Oh, and  is totally free to request, which likewise helps.

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

There is a business 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 features which your existing clients don’t truly need or desire

add charges, costs or constraints to the function that made individuals get your product in the first place, eliminating any competitive advantage
is currently still in Phase 1 of this procedure and will hopefully remain there. Revolut, curve and monzo are already in Phase 3 …
is basic enough that it passes my ‘Can you describe it to your mate in the club in 30 seconds?’ test:

It is a complimentary direct debit card to use abroad and which automatically charges all purchases to your existing current account in Sterling, less a small 0.5% charge.

That’s it.

You do not (yet …) make any airline company miles or points for utilizing it.

Why would I wish to get a card?
If you have a credit card offering 0% foreign exchange fees, then you don’t require a  card, unless you want free ATM withdrawals. You can stop checking out now.

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

IS perhaps for you if:

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

How does  operate in practice?
It is, as I stated previously, a very 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, globally).
Your current account bank immediately validates that you have enough 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 totally free card. If you have one of their paid cards, there are no charges.
You get an automatic spend notice through the app, if you pick to install it.
The money is taken from your bank account a couple of days later on.
Here is an example. With no foreign travel in the journal, I decided to sprinkle out and buy 1,000 MeliaRewards points for EUR5.

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

But transforming pounds was expensive.

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

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

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

What this means is you can invest money you have in your existing bank account with less worry about lacking money and the extra step. But that does not indicate it is best.

In this Currensea review is the good, the bad, the unsightly and the alternatives, so that you can choose.

FX markup.
While our premium strategies have no FX markup, we charge a nominal FX markup on our Vital Plan of 0.5% per transaction, enabling us to make revenue from our Necessary Plan whilst remaining more affordable than other prepaid cards and high-street debit cards. We also charge an FX markup on ATM usage over the totally free quantity on all our strategies, full information can be found on our pricing strategies.

Membership costs.
We charge an annual membership charge of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Plan. The membership fee also eliminates 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 straight from the merchant and will not be credited you. Currensea Metal Card Queue