Whether for budgeting or enjoying forex card benefits, a credit card is a pocket-friendly and smart option to manage your finances when travelling. It can help you track your expenses and enjoy deals, making your travel easier on the pocket.
Similarly, if you have a forex card, you can make your international travel more affordable. Here’s all you need to know about the differences between a forex credit card and a travel credit card.
Difference Between a Forex and a Travel Credit Card
Forex cards are prepaid cards that allow you to transact in foreign currency. You have to load the card in local currency and choose the foreign currency when initiating a transaction. This way, issuers will not charge you for each transaction, helping you save more money in the long run.
On the other hand, travel credit cards are regular cards offering additional rewards on transactions related to travel expenses. The forex charges on credit cards are nominal, ranging between 1% and 3% of the transaction amount. That said, a credit card app online is a smarter choice for travelling. Here’s why:
Enjoy Priority Pass and Lounge Access
Issuers offer exclusive privileges to streamline your travel experience. These include priority passes, airport lounge visits, and free upgrades. All you have to do is compare multiple options before you select a card with the maximum benefits. Choose one that best meets your travel needs.
Get the Forex Card Benefits
While forex cards have no transaction charges for your chosen currency, you may have to pay a high markup fee for other currencies. With credit cards, you can choose an issuer offering the lowest foreign transaction fees, irrespective of the currency. This allows you easy access to funds without any restrictions.
Earn Rewards on All Transactions
Every credit card transaction earns a predetermined number of reward points. By accumulating these points, you can convert them into air miles to enjoy numerous travel benefits.
Get Exclusive Perks
Often, issuers partner with brands, hotel chains, restaurants, rental car services, etc. to make your travel more luxurious. This is one of the top reasons you should opt for a credit card instead of using your savings.
Track Your Spends
When travelling to a foreign country, keeping an eye on your budget is crucial. With most card issuers offering mobile applications, it becomes easier to track your spends. You can enjoy the trip without stressing about overshooting your budget.
With this information, it is evident why getting a credit card for travel is the best option. To enjoy such benefits and more, consider opting for the One Credit Card. This is one of India’s smartest metal credit card options that offers lucrative perks like up to 5X rewards on top two spending categories, easy EMI conversion, zero redemption fees, and more.
With the One credit card app, you can easily manage your payments and keep track of your expenses. This allows you to confidently use your card for all your expenses. Apply online and activate the card within minutes to enjoy its perks.
