Currensea Card Customer Service Number – Best Travel Cards

A new fintech business which I was presented to earlier this year. Currensea Card Customer Service Number…

It has actually won a few awards over current months for what it does (offering you a low-priced way to spend abroad) however what I like about  is that it is easy as hell. This is a good thing.

is, effectively, a direct debit travel card. It is a Mastercard which sits between you and your existing current account. There is absolutely nothing to top-up or prepay. You just spend as you would on a regular debit card and the money is taken from your current account– simply without the normal 3% cost.

Oh, and  is free to request, which likewise assists.

There are also some intriguing travel advantages if you choose a paid plan, but the free strategy works fine. You can use here.

There is a business model in fintech which Curve, Revolut, Monzo etc have all followed:

launch by doing one thing well, and totally free or cheaper than the competitors
add increasingly more features which your existing consumers don’t actually need or want

include costs, limitations or charges to the feature that made individuals get your item in the first place, getting rid of any competitive advantage
is presently still in Phase 1 of this process and will ideally stay there. Revolut, monzo and curve are already in Stage 3 …
is basic enough that it passes my ‘Can you explain it to your mate in the pub in 30 seconds?’ test:

It is a totally free direct debit card to utilize abroad and which instantly charges all purchases to your existing current account in Sterling, less a small 0.5% fee.

That’s it.

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

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

Credit cards which use benefits and charge 0% FX costs are couple of and far in between. The only ‘miles and points’ choices which provide a partial service are the Virgin Atlantic charge card which have 0% FX costs in the Euro zone.

IS potentially for you if:

you don’t have a charge card offering 0% FX charges and do not wish to impact your credit report by getting another charge card specifically to utilize abroad
you want a product which enables you to make �,� 500 of foreign currency ATM withdrawals monthly with no fees and only a minimal FX mark-up (there is a little cost beyond �,� 500).
you want a product for you, your adult children, parents, partner or anybody else in your life who needs an easy, easy to understand payment card that will save them money when taking a trip.

How does  operate in practice?
It is, as I stated earlier, a really easy procedure. You use your Currensea card in the same way as your existing debit card.

You make your purchase in local currency (any currency, internationally).
Your bank account bank instantly verifies that you have adequate money in your account and authorises the transaction.
The deal goes through at either the interbank rate or the Mastercard rate, depending upon the currency. If you have the complimentary card,  includes a 0.5% charge. There are no charges if you have among their paid cards.
You get an automatic invest notice via the app, if you select to install it.
The money is taken from your current account a few days later on.
Here is an example. With no foreign travel in the journal, I chose to splash out and buy 1,000 MeliaRewards points for EUR5.

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

Transforming pounds was pricey.

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

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

I believe the finest bit may be what no other card does: links to your existing high street bank account.

What this suggests is you can invest money you have in your existing current account with less stress over running out of money and the additional action. But that does not suggest it is perfect.

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

FX markup.
While our premium strategies have no FX markup, we charge a small FX markup on our Vital Strategy of 0.5% per transaction, enabling us to make profits from our Important Strategy whilst remaining more affordable than other prepaid cards and high-street debit cards. We also charge an FX markup on ATM use over the complimentary amount on all our plans, full details can be discovered on our pricing plans.

Membership fees.
We charge an annual subscription fee of �,� 25 for our Premium Plan, and �,� 120 for our Elite Strategy. The subscription cost also eliminates all FX markup on transactions.

Interchange.
Whenever you spend with your card we get a little % of the transaction, known as interchange, this comes directly from the merchant and won’t be charged to you. Currensea Card Customer Service Number