Tesco Online are certainly competitive too, but they will send you the money through the post, or you can collect it in-store, whereas you have the convenience of storing the foreign money on a card using Caxton FX. Here is a quick comparison, with the rates at the time of writing: I generally find that Caxton FX rates are very competitive, particularly when you compare them to high street banks, the Post Office and foreign exchange bureaux. With the pound so weak, it is vital to find the best exchange rates. There also has to be enough money in your bank account! Competitive exchange rates I have never found this to be a problem as you can always load up your card remotely whilst abroad using your current account debit card. The only restrictions are that there is a minimum load amount of £50 and a maximum limit of £6,500. This wide selection of currencies, all held on in a single card or account, make this a very flexible travel money solution, particularly as you can easily convert one currency to another at very reasonable exchange rates. Not only can you load your card with Euros and USD, there is now a wide range of currencies available such as Australian and Canadian Dollars, and even Hungarian Forint and Polish Zloties. The situation with multiple currencies is far better now, however if you’re worried about how much currency you’re going to have on your trip and if it will suffice, check out the holiday guide at NowLoan. This was quite restrictive if you needed access to both currencies as this required having two individual cards. When I first acquired a Caxton FX card, it could either be loaded with Euros or US Dollars. The Caxton FX card can be used with multiple currencies Just in case you’ve been cloistered away somewhere, you load your currency onto the prepaid card and then use it like a debit card.Ĭurrency cards are either aligned to Visa or Mastercard, which is great as they can be used anywhere in the world which takes these, or at Cashpoint machines too.Ī quick point, even though they look, and act like credit cards, you can only spend money that is loaded onto them, you cannot use them to buy goods and services on credit as you can with a credit card. You probably know what a prepaid currency card is as they are far more common now than when they Caxton FX card was launched in 2007. I have been using a Caxton FX prepaid currency card for my travel money since 2010 and thought I’d explain why this still is a great solution for taking money abroad.
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