Travel money

Why Use a Currency Card - Frequently Asked Questions

Written by Caxton Contributor | 10 Jul 2023

We understand that you are experienced and well-versed in the art of travel. However, we also recognise the importance of finding the best tools to enhance your journeys. With that in mind, we aim to provide you with the most informative insights about travelling with a currency card. Whether you're seeking to maximise your savings, simplify your transactions, or ensure a secure and hassle-free travel experience, the Caxton Currency Card is designed with your needs in mind. Explore the advantages of our travel card and discover how it can elevate your travel adventures with ease and confidence.


What are the advantages of a currency card?

Currency cards offer numerous benefits for travellers in the UK. First and foremost, they provide a better exchange rate compared to traditional currency conversion methods. Plus, when you’re saving for a holiday and the rate is good – you can load 15 currencies in advance. That’s smart. This means that you can get more value for your money when using a Caxton currency card. Additionally, currency cards often come with lower fees and charges, making them a cost-effective option for managing your travel expenses. With a currency card, you can avoid the hassle of changing money while abroad, as you can simply use the card for your transactions.


Is it worth using a travel money card?

A travel money card offers significant benefits, particularly for longer trips. However, even for shorter journeys, there is a smart strategy that can be employed by savvy travelers. By purchasing and holding currency in advance, you can ensure that you always have the advantage of the best exchange rate. This proactive approach allows you to secure favorable rates ahead of time, regardless of the trip's duration. By taking this step, you can optimize your travel budget and have peace of mind knowing that you've made the most of your currency exchange.


What are the pros and cons of a travel card vs a credit card?

Travel money cards, such as the Caxton Currency Card offer convenience and ease of use during your travels. In comparison to credit cards, travel money cards generally have lower fees and charges, making them a more cost-effective option. Unlike credit cards, travel money cards do not typically have the same high fees associated with foreign transactions. Moreover, travel money cards do provide the option to buy and hold currency in advance, allowing you to secure a favourable exchange rate before your trip. By utilizing a travel money card like the Caxton Currency Card, you can avoid the variable interest rates and potential late fees or penalty rates that credit cards may impose. Instead, you have the flexibility to load your card with your desired amount of currency in advance, effectively managing your travel expenses and avoiding any unexpected charges.


What is the best travel money card for Britons?

The Caxton Red is indeed considered one of the best travel money cards for Britons. It offers a range of benefits, including a low monthly fee and a 0% foreign exchange rate. For individuals spending more than approximately £2000 overseas in a year, the Caxton Red can provide substantial rewards and savings. With its competitive features, the Caxton Red travel money card is an excellent choice for British travellers looking to optimize their currency exchange and enjoy a cost-effective travel experience.


Which travel money card has no ATM fees?

The Caxton Currency Card is well-known for its no ATM fees policy. Caxton has been assisting travelers for over 20 years and has never charged ATM fees. This makes it an excellent choice for individuals looking to save money on ATM withdrawals while abroad. Note that some ATM machines charge fees.


Can I withdraw cash from my travel card?

Yes, you can withdraw cash from your travel card. To do so, simply insert your card into any ATM machine abroad and follow the instructions provided. Forgot your pin? It's in the app. Need to block your card? You also do it on the app. It is as straightforward as withdrawing money from any of your bank cards. With a travel card like the Caxton Currency Card, you can conveniently access cash whenever needed during your travels.


Travel With Caxton

Heading on holiday soon? Make sure that you’re getting the best rates and fee-free spending abroad by using your Caxton currency card. Apply for yours today, or top up your existing card.

For more tips and tricks when you're abroad check out the Caxton Travel Money Blog: where you can find our travel advice, travel inspiration or our travel money guides so you can enjoy the best holiday for less. If you're going abroad this summer then have a look over our Summer Essential Checklist before you leave.


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