Get Your Free Currensea Card Now – Best Travel Cards

A brand-new fintech company which I was introduced to previously this year. Get Your Free Currensea Card Now…

It has actually won a few awards over current months for what it does (offering you a low-priced method to spend abroad) but 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 bank account. There is nothing to top-up or prepay. You simply spend as you would on a typical debit card and the cash is drawn from your current account– just without the typical 3% charge.

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

There are also some interesting travel benefits if you choose a paid strategy, however the totally free strategy works fine. You can apply here.

There is a service design in fintech which Curve, Revolut, Monzo etc have all followed:

launch by doing something well, and totally free or more affordable than the competitors
include more and more features which your existing clients do not actually want or require

include limitations, costs or charges to the function that made people get your item in the first place, getting rid of any competitive advantage
is presently still in Phase 1 of this procedure and will hopefully stay there. Revolut, monzo and curve are currently in Stage 3 …
is simple enough that it passes my ‘Can you describe it to your mate in the bar in 30 seconds?’ test:

It is a free direct debit card to utilize abroad and which instantly recharges all purchases to your existing bank account in Sterling, less a small 0.5% cost.

That’s it.

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

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

Nevertheless, charge card which provide benefits and charge 0% FX costs are rare. The only ‘miles and points’ options which offer a partial solution are the Virgin Atlantic credit cards which have 0% FX fees in the Euro zone.

IS perhaps for you if:

you don’t have a credit card offering 0% FX costs and do not wish to impact your credit report by getting another credit card particularly to use abroad
you want an item which permits you to make �,� 500 of foreign currency ATM withdrawals monthly without any fees and only a minimal FX mark-up (there is a little charge beyond �,� 500).
you desire a product for you, your adult children, parents, partner or anyone else in your life who requires a simple, easy to understand payment card that will save them cash when taking a trip.

How does  work in practice?
It is, as I stated previously, a very basic process. You use your Currensea card in the same way as your existing debit card.

You make your purchase in local currency (any currency, worldwide).
Your current account bank automatically verifies that you have adequate cash in your account and authorises the transaction.
The transaction goes through at either the interbank rate or the Mastercard rate, depending on the currency. If you have the totally free card,  adds a 0.5% cost. If you have one of their paid cards, there are no charges.
You get an automated spend notification by means of the app, if you select to install it.
The cash is taken from your current account a few days later.
Here is an example. With no foreign travel in the journal, I decided to sprinkle out and buy 1,000 MeliaRewards points for EUR5.

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

Converting pounds was pricey.

A pet peeve of mine is when ATMs forewarn you about the daytime break-in that is just about to take place (typically in a different language) while not telling you about the outrageous currency conversion costs taking place in the background. Don’t get me began. Anyway back to the positives for a bit anyway.

Luckily in the last few years a handful of terrific travel debit cards have popped onto the scene … and like other excellent cards  assures big cost savings (85%) and a terrific app.

But I believe the best bit might be what no other card does: links to your existing high street savings account.

What this suggests is you can spend cash you have in your existing bank account with less fret about running out of cash and the extra action. That does not suggest it is best.

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

FX markup.
While our premium strategies have no FX markup, we charge a nominal FX markup on our Important Plan of 0.5% per transaction, allowing us to make revenue from our Vital Strategy whilst remaining much cheaper than other pre-paid cards and high-street debit cards. We also charge an FX markup on ATM use over the complimentary amount on all our strategies, full information can be discovered on our rates plans.

Subscription fees.
We charge an annual membership cost of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Strategy. The membership charge also removes all FX markup on transactions.

Interchange.
Every time you spend with your card we get a small % of the deal, known as interchange, this comes straight from the merchant and will not be charged to you. Get Your Free Currensea Card Now