Travel

Pre-paid travel cards suit holidays

©istockphoto/Deejpilot

USING a pre-paid travel card when overseas can be cheaper and more convenient than relying on a credit or debit card.

More Australians are travelling overseas than ever before, with figures from the Australian Bureau of Statistics showing overseas travel increased by more than 10% in the last 12 months. And according to ING Direct, two thirds of Australian travellers still rely on a credit card overseas.

But while credit and debit cards are a convenient way to access money, transaction fees and exchange rates can add hundreds of dollars to your holiday spending if you are not careful. That's where pre-paid travel cards come in.

Designed to cut out costly admin for your bank, which in turn saves you fees, pre-loaded travel cards let you lock in an exchange rate before you go and pre-load multiple currencies.

Your Money Magazine compared the four brands currently available in Australia to find the best value for travellers.

Managing editor Jackie Pearson said pre-paid travel cards are both safer and cheaper than conventional credit and debit cards.

"You save cash every time you use your pre-paid card because you don't pay bank fees on every transaction," Ms Pearson said.

"And even if the worst happens and your card is lost or stolen, your loss is limited to the money on the card, not your maximum credit limit."

However, Ms Pearson cautions travellers to watch out for fees when purchasing pre-paid travel cards.

"There can be fees involved in purchasing the card initially or to close it down the track, so it's important to do your research," she said.

"We found the travel cards currently on the market are all very different so make sure you compare them carefully to decide which one offers the best value for your overseas spending plans," Pearson said.

Detailed information about the features, fees and limits of each pre-paid travel card is available in the current issue of Your Money Magazine and online at www.yourmoneymag.com.au.

Topics:  charges credit cards fees holiday spending



8 things you didn't know you could do at North Straddie

NORTH Stradbroke Island is the perfect getaway whether you plan to stay for a day, a week or even a month.

A whisky-lover's blueprint to Brisbane's best bars

Check out The Gresham for some old-school fine drops.

SCOTCH, Whiskey and Whisky; it all gets a bit confusing.

Your guide to the best Brisbane markets

Enjoy the beautiful offerings of one of Brisbane's many markets.

WHO doesn’t love a good market!?

Ain’t no mountain high enough

No Caption

Brisbane's dishing up the mountain-hiking goods!

Our six art gallery picks for a creative day out

Queensland's Gallery of Modern Art always has a fun, exciting and interesting exhibition on show for the whole family to enjoy.

YOU'D be mistaken in thinking Brisbane wasn't an arty city.

Six hideaway bars to escape winter chill

The Gresham's charm will win you over before your first sip.

THESE are the perfect places to hang this winter.

Brisbane's arts and culture events centre stage

You loved the film, now you're about to love the musical. Don't miss The Bodyguard The Musical in Brisbane this July.

THE arts and culture events you don't want to miss.

NSW tags its 100th white shark off north coast

Teams tag shark.

Kingy shark listening station has another great white to monitor

Nine goal haul helps Tigers bounce back

Gun Tweed Coast Tigers' recruit Glen Phelps kicked a season best nine goals last week, but will be missed against Lismore.

"It was a really good win and hopefully something we can build on”

Local Partners

The top 10 TV shows that need to end

WHEN Fonzie donned water skies to leap a man-eater in a pond, Happy Days’ best days were gone. It’s now time to cull some of our favourites.

Prince Harry reveals he wanted to leave the royal family

Prince Harry was the center of attention during his trip to Sydney.

Prince Harry has revealed he “wanted out” as a Royal

Why streaming movies will cost more from July 1

Australians can expect to pay more for streaming services such as Netflix when the new taxes kick in.

The new taxes from July 1 won’t hurt the MPs’ big pay rise

What's on the small screen this week

Ryan Shelton in a scene from True Story with Hamish & Andy.

HAMISH and Andy hear another funny story and Cleverman returns.

MasterChef challenge ahead for top Tweed chef

Cabarita restaurant Paper Daisy's chef Ben Devlin will appear on Channel 10's MasterChef on Tuesday night.

"You need to be quite clever with choices”

Digging down to find Clare

Australian actress and singer Clare Bowen, who got her big break on the US TV series Nashville, is touring Australia with her solo album.

After five years on Nashville it’s time to tell her own stories.

Gateway to $3 billion, 4800 home new Coast city opens

The start of Peter Crosby Way at Sippy Downs, the northern access into the Harmony master-planned community at Palmview.

Palmview's $3b master-planned community of Harmony

Millionaire Nathan Birch to offload $55M in property

Nathan Birch wants to focus more on developing properties.

Sydney property investor has announced he is selling up

Fame factor boosts property prices in Byron

The stunning Clarke's Beach in Byron Bay.

House prices surge by an incredible 39.5% in star-studded area

Buyers flock to Tweed hipster hotspots

Tweed houses and units continue to be hot property.

Casuarina keeps top spot for region's house prices

Grass is greener for Warwick real estate

Warwick's rural charm and affordable property prices are enticing buyers from Brisbane.

Quality houses for half the price of Brisbane attracting interest

Ready to SELL your property?

Post Your Ad Here!