Travelex Cash Passports are a safe and convenient way to take money abroad. You simply load a card with the currency of your choice before you set off and then hand it over when you are out shopping or settling the bill in a restaurant. Travelex Cash Passports are available in seven different currencies and all carry the Mastercard logo, which is accepted in millions of outlets across the globe.
A Cash Passport works a bit like a debit card, so each customer is given a PIN to enter at the pay point. You can also use the cards when shopping online or to withdraw money from an ATM. If you lose your Cash Passport, you can organise a free replacement through Travelex’s 24/7 emergency assistance service.
It’s easy to manage your budget with a Travelex Cash Passport because you can load the card with the appropriate amount. A free text service will also alert you when your balance is low so you can either stop spending or top up the card by phone or online. If you bought your Cash Passport at a bank or travel agent, you might also be able to reload the card at a participating UK branch.
You don’t normally have to pay for a Cash Passport and there aren’t usually any fees to load up the card with currency. Travelex also does not levy any fees for cash withdrawals from an ATM, but you might be stung by a charge from the operator of the cash machine.
You should also be aware that most Cash Passports charge a monthly inactivity fee if you don’t use the card for 12 months.
Choice of currency
Travelex Cash Passports come in a variety of currencies. The euro and US dollar cards are among the most popular. You can also choose the Multi-currency Cash Passport and load the card with seven currencies. The card is ‘smart’ in that it automatically selects the currency to match the country.
The Travelex Cash Passport Globe works slightly differently. You load the card with sterling, which is then converted to the local currency when you travel overseas. There is a one-off fee of £9.99 when you buy the card and a transaction fee of 2.49% when you use the Cash Passport Globe abroad. The card is, however, useful if you are travelling to a country where there are no currencies available on Cash Passports, and it can work out cheaper than a standard debit or credit card.
Travelex Cash Passports are a convenient and safe way to take money overseas. Plus, they allow you to control your budget while you are travelling, so you don’t get any nasty bill shocks when you get back to the UK. What’s more, they can offer better value than credit or debit cards, so make a good choice for both holiday makers and business travellers.