Jonathan Halloway

Expertly compared by Jonathan Halloway

Products Updated June 26, 2019

Pre-paid Travel Cards

We have compared and listed out best pre-paid travel currency cards to use when you’re traveling abroad or on holiday or business use in a foreign country. Choose a card that meets your needs and click though to apply direct with the card issuer.

3 providers expertly compared:

Learn More
All credit types
Rated 4.8/ 5

WeSwap

Admin Fee
Free

Transaction Fees
Free

ATM Fees
Free

Load Charges
Bank Transfers are Free
Debit Cards are Free

We Swap is a British Bank Award Winner for Best Travel Money Provider in 2018. Get the best rates on your foreign currency with our travel card and app. WeSwap is up to 10 times cheaper than banks and bureaus.

3 providers expertly compared:

Learn More
All credit types
Rated 4.8/ 5

FairFX Currency Card

Admin Fee
No Fees

Transaction Fees
No transaction fee on point of sale

ATM Fees
Low €1.50 ATM fee

Load Charges

FairFX offer a range of currency cards including the Euro Card, Dollar Card and Everywhere Card. Lock in a great rate on your Euro's or Dollars and any currency worldwide. Enjoy fee-free spending in shops worldwide.

3 providers expertly compared:

Learn More
All credit types
Rated 4.5/ 5

Caxton FX Currency Card

Admin Fee
No Fees

Transaction Fees
Free

ATM Fees
Free

Load Charges
Free For Debit Cards

Caxton has a range of cards including the Caxton Red and Caxton Premier Card. Solutions for those who require a multi-currency card, excellent exchange rates and benefits and customers who need to transfer larger amounts of currency overseas.

FAQ's

Is using prepaid credit cards for travelling abroad a good idea?

Want to use money when you travel abroad, but don't want the inconvenience of having to carry a large wad of cash everywhere you go? Carrying all your money in a wallet can not only make you the target of thieves, but may also mean that you are left penniless in a foreign country should your wallet be stolen or lost. There are several ways for you to try to handle this problem, including storing your money in the hotel safe, but using a prepaid card can not only help you to get the money you need on holiday, but also keep your main bank account secure even if it should be stolen. The card also has no credit allowance, so you know thieves can't overspend on the card, even if you lose the amount that you have put on there. Although prepaid cards can seem like a good idea, choosing between cash and a credit card is not always as easy as it seems.

What are the benefits?

Prepaid cards are popular with people going abroad on holiday who don't want to carry around too much money in a wallet while walking around foreign streets. It can protect you if the card is lost or stolen, since it can be used to get credit, and it won't allow access to your bank account. You can also top up some of the accounts with foreign currency, so you don't have to pay high exchange rates. In addition, if you know that you are a bit of a spender, the prepaid card can help you to avoid getting into debt while you are on holiday, as you can only spend what you have put on the card. If you have any problems with bad credit, prepaid cards are open to everyone, so you don't have to worry about credit checks or refusals, since there is no credit on the card at all.

What are the disadvantages?

Although a prepaid card can be a good idea, there are also some reasons why money is still the best way to travel. Firstly, there are a lot of fees with the prepaid card, including ATM withdrawal fees, charges for topping up the card, charges for not using the card, and even charges for withdrawing money while abroad. While some cards won't charge for use while you are on holiday, the majority do. There are also several different methods of topping up a prepaid card, and some card companies will use some of those methods, while another company will use a completely different method. For example, you may be able to top up in stores or banks with one service, but another will ask that you top up online, or on the phone. Both of these methods can be inconvenient if you are abroad.

Perhaps the biggest drawback to the prepaid credit card is what happens if you don't use the card for some time. If you don't spend all of your money while on holiday, and want to spend it again next time, you can't just leave the card in limbo. Instead, you might be charged a fee for not using the card, or even have the card suspended. When you go to use the card, it won't work. In addition, if you decide that you want to take the money off of the card before it becomes inactive, you will have to pay a fee for doing this. Some card companies even charge as much as £5 to do this, so it can be costly either way.

We are independently reviewed by our verified customers and web users:
Rating: 4.6 / 5 with 28 votes

Lending Expert is a credit broker and comparison website, we're not a lender.

We bring together the very best financial providers and products from across the market place.

Warning: Late repayment can cause you serious money problems.
For help, go to moneyadviceservice.org.uk