Go Camp France is here to try and provide you with all the information you will need to make the right decisions when taking your family on a camping holiday in France.
One of the most important and yet least considered subjects is that of holiday / travel money.
Everyone knows you can visit the bank, post office or travel agent to exchange pounds for Euros, dollars, travellers cheques or other types of currency. However, do you know anything about Prepaid Currency Cards?
What are Prepaid currency cards?
Prepaid currency cards are now considered by some people to be the new way of carrying larger sums of currency whilst on holiday or on business trips abroad.
These prepaid currency cards are loaded and unloaded with currency and used at cash points/ATM’s or to make payments wherever you see the Mastercard/Visa signs. They come in various currencies including Euro’s and Dollars and are usually issued by Visa, Mastercard and Maestro.
The majority of prepaid currency cards allow you to load the card via the internet, phone and sometimes via text message loading. These features mean that you can top up your card whilst on your camping holiday to France, so you never run out of cash whilst keeping a tight rein on your budget to prevent overspending on credit cards.
Why would you want one?
Taking money on a prepaid currency card allows you to have more control over your holiday money. You can load your card at any point before or during your holiday camping in France which allows you to book into the currency exchange rate when your card is loaded.
Many prepaid currency cards do not charge fees to withdraw money from ATM machines whilst abroad, whereas many credit and debit cards do charge to withdraw money, along with offering poor exchange rates.
Exchange rates offered by prepaid currency cards are often higher than exchanging cash.
Peter Harrison, head of travel money at Moneysupermarket.com, says: “Pre-paid cards consistently offer great foreign exchange rates and are available to everyone. So, not only could you get more Euros and dollars for your sterling, but you can also make sure you don’t go overboard on your holiday budget.”
What are the disadvantages?
It is worthwhile ensuring that you take good care of you prepaid currency card, as like cash, if your card is lost or stolen, you may lose some or all of your money. It is worthwhile attempting to unload your card should this happen as well as informing the card company as soon as you realise it is gone.
Charges between the prepaid currency card providers do vary considerably so it is worthwhile looking into these should you decide to get one.
What cards are available?
There are various prepaid currency card providers including: