Written on: 05/12/2011 by Fraser2011
UK user. Very easy to sign up for a Travelex Cash Passport on line. I selected this card as it was only slightly 'worse' than the Best Buy on Money Saving Expert, but offered worldwide covereage and a big brand operating with multiple outlets worldwide. Worth knowing if you are in a country with your access to the internet limited. However to me the main benefit was knowing that the card was preloaded and the worst that could happen when travelling through 3 countries with 3 different currencies was that the £300 I credited to the card could be taken from me and not risk the £10,000 limit on my credit card.
It also enabled me toe break the rules and give it to my children to use as a credit and cash card. The minimum age for a Travelex card is 18 but in the UK students can have a cash card from age 16. So not wanting my child to be a target for opportunist theft whilst staying in a tent, gave them the card to use instead. As it happens they lost the card. No problem, one call to Travelex sorted this out and a replacement was sent to me.
The exchange rate is not brilliant, but it avoids fees that UK and foreign banks combine to rip off customers withdrawing cash from ATM's abroad. It was also excellent for lots of small purchases with no fees applying to the individual transactions. The only downside was that it is not so easy to see how much £ balance you have remaining. To be able to put it in an ATM, find out your balance and THEN take out money would be much better, but it does not offer this. I had to keep notes of transactions and work out the exchange rate keeping a running total on a scrap of paper in my wallet. I would still recommend this card to anyone.