I know from experience with these cards and so does my Grandson, who is in Holland at the moment.
Inactivity fees are number one. If you don’t use your card for some time they charge you inactivity fees. I mean how stupid is that.
Not just one charge by the look of this statement the charge was every day. Robbery thats what I say.
This person took their eye off the ball as she said. “Time went by, the cards stayed in a bottom drawer and in the end I lost more than €36.00 from one and US$24 from the other in inactivity fees”
“That was back in 2013 when I was using Travelex Cash Passports and the monthly fees were €2 and US$2 after a year of inactivity. Today Travelex has Travel Cards instead, and their inactivity fee is $4 a month after 12 months of no usage. They also have a 2.95 per cent domestic withdrawal fee if you try to get your money out in Australia and a $10 fee to move any money you have left to your own bank account when you close your account”.
In my experience just using your own credit card is the most efficient and quickest card to use.
“You do need to pay attention to what you’re agreeing to, and do the maths on any card purchase fees, loading fees, reloading fees, transaction fees, ATM fees (remembering ‘free ATM’ doesn’t cover what the local ATM operators charge), negative balance fees and closure fees before making any decisions”
For a card with 500 dollars in you can pay up to 30 dollars exchange rate which is a lot. So do your due diligence when choosing a travel card if you have to. Otherwise just use your credit card.
Another word of caution is that my Grandson found it was not always accepted in all place and that can be embarrassing especially if you do not have the cash.
Source – Escape.com.au