Best forex card for thailand
The bank representative told me to load currency in the card in advance. I was not certain how much money I will need during my whole travel.
I decided not to go with Travel Card but explore other options. I did not see any major benefit although bank representative was convincing me about the security of card and fixed currency conversion rates.
But here is my review of 5 best forex cards in India if you are interested in carrying a forex card while travelling. They were providing better exchange rates than banks.
The whole process of getting forex was convenient. I picked up currency from their local partner Centrum by showing my passport and visa. I read so many reviews on travel websites that forex is cheap at foreign land than India. I kept Indian currency cash in my bag for conversion at Bangkok Airport.
I could not found their counter near baggage claim area or even outside. They were sitting on 3rd level of basement with longest queue of people. Indeed their rates were best. That might be the reason they could not afford counter near main gate of Airport. I was pleasantly surprised to see better currency conversion rates even after all fees. I found very few merchants who accept credit cards.
Before Travel, call your Credit Card company to enable your credit card for foreign transactions. After 25 days, all our cash was finished. We had some Indian currency left but that was not sufficient. We had to withdraw money from ATM. Honestly, we were afraid of using debit card in Thailand ATMs because everyone was saying that banks will charge hefty fees on cash withdrawal. All Thailand Banks charge a fix fees of Baht for every transaction. So I thought of making a big transaction and withdraw money required for my rest of the stay keeping my Indian currency intact.
I calculated my current burn rate and thought that 20, Baht will be sufficient for rest of 25 days. We were again getting out of cash. We under estimated living cost in Thailand. Everything is almost double the price as compared to India. We needed around Baht and ATM withdrawal would have been costly. It was better to get forex from local currency exchange shop. I was looking for a company for best currency rate and Super Rich was available in Bangkok only. Share your experience in comments below if you had any issues with Forex during your travels.
Do you have any suggestion for a better way for currency conversion? I share transparently how I am making passive income and where I spend my money. Last month, I went on a vacation to Europe and was comparing the various alternatives for carrying foreign exchange.
I found the Travellers Card to be the cheapest and most easy to use. It is accepted everywhere and there are no hassles of carrying currency as Travel Card works everywhere in Europe and currency conversion charges were very low for Euro and Swiss Franks. I carried Travellers Card as well as Cash and used Travellers card as 1st preference as it was very easy to use.
As far as how much amount to load in Travellers Card is concerned, this thing is also there with Cash as to how much cash to carry. I did not find any difference in Traveller Card and Credit Cards when using abroad. Cards are definitely better in Europe as compare to Thailand. Yes, I used it in France. I had pre-booked the hotel but still they blocked Rs. They do it in France so that in case the guest leaves without paying — they will charge form my card.
This amount was reimbursed to me when I vacated the hotel. I received around leading to loss of almost Rs. Blocking on the Credit Card is very normal in developed countries. This is the only transaction I did on my Credit Card.
What was the loss of Rs. Was it because of currency fluctuation? Would it be better to provide Forex Card for such hotel policies instead of credit card provided they accept the prepaid card? This is done even in India now. They deducted about 16k but reimbursed later when the 2nd room was paid for. Keep in mind, both transactions were made using the same card. Thanks for the informative and well researched article. I want to disclose up front that I work for BookMyForex.
Our forex cards come with 0 forex margins and you get exact interbank rates rates that you see on Google, XE etc. Additionally there is no fee to get a new forex card or to reload your forex card. Effectively you can exchange foreign currency for free with our forex card. Do consider the same for your next travel. Honestly, I have not tried Travel Card from you since I was little afraid to use serives from non-banking financial institution.
So I tried cash from your site. Next time I will try Travel Card from your site if that offers exact interbank rates. I can not recommend until I try that. He has given me 2. The Rate is on higher side and I am getting 2. I have just wasted my 30 minutes chatting with him hoping the best rate…seeing your comment here. I used travel cards during travel to UK, France and Switzerland last year. Very comfortable and easy.
I had used Acis Bank multi-currency cards. For cash, I changed money form a money changer in India. Hi Pardeep, good bit of info. I myself was facing similar dilemma when i went to Thailand earlier in the year. Karim, who was carrying US dollars with him since USD is widely accepted , decided to exchange some of his money at one of the popular money exchange units inside the airport itself. Therefore, his loss percentage was 2.
Karan was not carrying any money with himself and was not too keen to borrow money from Karim. So he looked for an ATM which would accept his international debit card. He found one inside the airport itself. The ATM machine informed him that he will be charged 1. Therefore, his loss percentage was about 2. Aarav was carrying Thai currency along with his credit card. Apart from the loss, he also had the risk of carrying such a huge amount with him.
So, what seemed like a difference of just INR 0. Rahul, who had done a good amount of research on how to carry money, used his Forex card to pay for the prepaid cab at the counter which would take them to their.
The amount to be paid was THB He swiped his Forex card which does not cost any money when used at merchant outlets. Moreover, each of his friends returned THB 50 to him in cash. Therefore, by the time they left the airport, Rahul had TBH on him along with his prepaid Forex card. On the fifth day of the trip, they had gone to eat at a local restaurant in Pattaya. At the end of the meal, there were all a little drunk.
Aarav gave his credit card to pay the bill and after getting it back, they all left. The next morning, Aarav received an e-mail saying that THB has been withdrawn from his account. He checked his wallet and saw the credit card inside it. He took it out only to realize that it was not his; it was a fake one.
Aarav cried and wished he, too, was carrying a prepaid Forex card which can be replaced within 24 hours if lost or damaged.