If you're planning a trip abroad, you may want to consider getting a travel card or travel money to save money on fees and get the best exchange rates. In this article, we'll compare some of the best low-fee travel money cards available in Australia.
Revolut is an option that offers a travel card with zero ATM fees and no foreign transaction fees. The card is free and can be used in over 200 countries. Revolut offers great exchange rates and the ability to exchange currencies within the app. However, there are some limitations on free ATM withdrawals, depending on your account type.
2. Yondr Money
Yondr Money is a travel card that offers access to more than 25 different currencies, zero account fees, bank-beating exchange rates, and $0 international transaction fees. With Yondr Money, you can set up your account in minutes and spend anywhere Visa is accepted, worldwide. The card comes with a mobile app that allows you to manage your account, track your spending, and lock and unlock your card in case of loss or theft.
Wise is a money transfer service that offers a travel card with low fees. The card offers over 50+ currencies with a low currency conversion fee of around 0.45%. Wise offers competitive exchange rates, and there are no fees for ATM withdrawals up to a certain amount per month. However, there is a small fee for obtaining the card.
4. Qantas Travel Money
Qantas Travel Money is a prepaid travel card that offers over 10 currencies. The card offers no foreign transaction fees and low ATM fees. Additionally, cardholders can earn Qantas Points on purchases made with the card, which can be redeemed for flights, upgrades, and other travel-related benefits. However, the card does have some fees for reloading and inactivity.
5. Velocity Global Wallet
Velocity Global Wallet is a prepaid travel card offered by Velocity Frequent Flyer. The card offers over 10 currencies and has no foreign transaction fees. Additionally, cardholders can earn Velocity Points on purchases made with the card, which can be redeemed for flights, hotel stays, and other travel-related benefits. However, there are some fees for ATM withdrawals and inactivity.
Travel cards and travel money can help you save money on fees and get the best exchange rates when travelling abroad. With the right card, you can manage your spending, earn rewards, and enjoy your travels even more. Consider your specific travel needs when choosing a card, and make sure to compare the fees and benefits of each card before making a decision.
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Things you should know
This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice.