Forex Card or Cash Which is Better

Posted on Thursday, February 15th, 2024 | By IndusInd Bank

Summary: While cash offers a sense of familiarity in a foreign land, Forex cards are more secure and efficient. They protect you against exchange rate fluctuations and are widely accepted across stores, restaurants, and ATMs. With the Indus Multicurrency Forex Card, users can also enjoy added perks like instant SMS alerts, online tracking, and greater security.

Be it a short vacation, a work trip, or higher education, planning an international trip can be an exhilarating experience. Often, it requires careful and smart consideration of logistics. From booking flights to searching for accommodation, you must nail down each detail for a smooth overseas experience. However, one important aspect that holds significance is managing finances in a foreign land. While transacting in your own country is an intuitive experience, the same may not be true in a foreign land.

Travellers typically have the option of carrying cash or paying with a Forex card. While carrying cash is a more traditional approach, modern discerning travellers opt for the latter.

Forex Cards vs. Cash

Forex cards are prepaid travel cards that allow users to load them with the currency of the destination country at a locked-in rate. Secure and convenient, these cards allow you to manage all international payments seamlessly. 

On the other hand, carrying cash comes with numerous risks and drawbacks. Not only is cash susceptible to theft and loss but also requires you to store it safely in a physical space.

Forex cards, with their ease of use and strict security measures, eliminate such concerns. These nifty cards are widely accepted across restaurants, shops, and ATMs, offering a seamless way to access funds in a foreign land. Thus, Forex cards hold a clear advantage over carrying cash in terms of convenience and flexibility.Additionally, modern cards such as the Indus Multicurrency Forex Card come with a host of exclusive features like multicurrency loading, zero exchange rate risk, easy account tracking, and more, making them an indispensable tool for savvy globetrotters.

Features and Benefits of the Indus Multicurrency Forex Card

If you are looking for the best forex card for your next international trip, IndusInd Bank’s Indus Multicurrency Forex Card is all you need. This card is packed with remarkable features like:

1. Convenience

Load up to 14 currencies on a simple card, including:

• United States Dollar (USD)
• Euro (EUR)
• Great Britain Pound (GBP)
• Australian Dollar (AUD)
• Canadian Dollar (CAD)
• Arab Emirates Dirham (AED)
• Swiss Franc (CHF)
• Hong Kong Dollar (HKD)
• Japanese Yen (JPY)
• New Zealand Dollar (NZD)
• Saudi Riyal (SAR)
• Singapore Dollar (SGD)
• South African Rand (ZAR)·       Thai Bhat (THB)

The Indus Multicurrency card shields you against currency fluctuations by locking the exchange rate at the time of loading the card. Travellers can use it to make seamless international payments at no extra charge. Withdraw cash from Visa-enabled ATMs globally, receive instant transaction alerts, and enjoy easy encashment after returning to India.

2. Purchase and Loading

Buy your Indus Multicurrency Forex Card online for maximum convenience or visit your nearest IndusInd Bank Forex-enabled Branch. Receive your ready-to-use card kit instantly and load or reload it as required on the go.

3. Account Tracking

The Indus Multicurrency Forex Card allows users to track their spending or check their balance easily through the website. Users also receive instant transaction information on their registered phone number and email ID to prevent misuse. The periodic regular statements further make it easier to track your spending.

4. Security and Safety

The Indus Forex Card comes with strict security measures for cash withdrawals and online shopping. Users can track their transactions and balance online or through instant SMS notifications. In case the card is lost or stolen, you can immediately hot-list it over the phone.

Simplify International Transactions with the Indus Forex Card

While carrying cash may evoke a sense of familiarity, the modern-day traveller would do well to enjoy the myriad benefits of a Forex card when visiting a new country. These cards are secure and efficient, and make international payments effortless. Clearly, these cards offer a much more convenient and flexible alternative to carrying cash overseas.Buy a Forex card at IndusInd Bank today and enjoy perks such as free airport transfers, and exciting discounts on experiences, sightseeing, and activities.