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The Thomas Cook Forex Card is a convenient way to manage your finances while traveling abroad. It's a prepaid card that allows you to load multiple currencies, making it easy to withdraw cash at ATMs.
You can load up to 16 currencies on the card, including popular destinations like the US, UK, and Europe. This feature is especially useful if you're planning to visit multiple countries on your trip.
One of the benefits of the Thomas Cook Forex Card is that it offers competitive exchange rates, which can help you save money on your transactions. This can be a significant advantage, especially if you're traveling to countries with high ATM fees or poor exchange rates.
Withdrawing Money Abroad
You can withdraw cash overseas from a Thomas Cook travel card at any ATMs, as long as your card is configured for the currency you wish to withdraw.
To withdraw money from a travel card, you need to insert your card into any ATM machine abroad and follow the instructions. It's as simple as withdrawing money from your regular bank card.
If you're using a Thomas Cook Multicurrency prepaid card, make sure you're at a Thomas Cook Access-Point Network (APN) ATM to avoid being hit with a fee. If you don't use an APN ATM, you'll be charged the bank's transaction fee, plus a currency-related fee.
You can use the Thomas Cook Multicurrency card to withdraw cash from over 55,000 ATMs that won't charge a fee.
Travel Security Measures
Thomas Cook's Travel Cards have a 4-digit Pin that adds an extra layer of security, making them just as safe as your personal credit or debit card.
The Thomas Cook Travel Card is secured by a Chip, which provides an additional layer of protection against unauthorized transactions.
Having a secure travel card can give you peace of mind while traveling abroad, especially in unfamiliar places.
Loading Multiple Currencies on a Single Trip
Loading multiple currencies on a single trip is a game-changer for travelers. You can load up to 9 different currencies on a Thomas Cook Borderless Multicurrency Prepaid Forex card.
The card is designed to make travel easier by replacing cash currency exchanges. You can use the card to spend locally wherever those currencies and Mastercard are accepted.
Thomas Cook offers a range of currencies to load, including major currencies like the US Dollar, Euro, and Great Britain Pound. They also offer emerging market currencies like the South African Rand and UAE Dirham.
Here are some of the currencies you can load onto your Thomas Cook Forex card:
- UAE Dirham
- Euro
- US Dollar
- Great Britain Pound
- Australian Dollar
- Canadian Dollar
- Japanese Yen
- Singapore Dollar
- Swiss Franc
This means you can load the currencies you need for your trip in one go, without having to worry about exchanging cash or using multiple cards.
Charges and Fees
The Thomas Cook Forex Card ATM withdrawal charges can add up quickly if you're not aware of them. The card issuer charges a fee of ₹150 for issuing the card.
You'll also be charged a reload fee of ₹100 whenever you add funds to your card. If you don't use your card for an extended period, you may be charged a 6-month inactivity fee of 5.00 USD.
In addition to these fees, you'll also be charged a currency conversion fee of 4.25% whenever you make a purchase in a different currency. This fee can be sneaky, as it's built into the exchange rate offered by the card issuer.
Here's a breakdown of the fees associated with Thomas Cook Multicurrency card:
It's worth noting that the card issuer also charges a hidden fee per conversion, which can be significant. For example, if you exchange 1 USD for ₹77.11, the difference between the real exchange rate (₹74.99) and the rate offered by the card issuer is ₹2.12.
Available Currencies and Partnerships
Thomas Cook's Forex Card offers a wide range of currencies to suit your global travel needs.
You can load major currencies such as USD, EUR, GBP, and AUD onto your Forex Card, making it ideal for most major tourist destinations.
Emerging market currencies like the South African Rand (ZAR), UAE Dirham (AED), and Hong Kong Dollar (HKD) are also available, perfect for those who travel off the beaten path.
The Forex Card is particularly convenient for Asian travelers, as it allows you to load currencies such as the Japanese Yen (JPY), Singapore Dollar (SGD), and Thai Baht (THB).
Here are some of the currencies available on Thomas Cook's Forex Card:
- UAE Dirham
- Euro
- US Dollar
- Great Britain Pound
- Australian Dollar
- Canadian Dollar
- Japanese Yen
- Singapore Dollar
- Swiss Franc
If you're looking for a card that can hold multiple currencies at once, Thomas Cook's Borderless Prepaid Card is a great option, allowing you to carry multiple currencies in one single card.
Available Currencies
Thomas Cook offers a range of currencies on their Forex card, making it a convenient option for international travel.
You can load multiple currencies onto a single Thomas Cook Forex card, including major currencies like USD, EUR, and GBP, as well as emerging market currencies like the South African Rand (ZAR) and UAE Dirham (AED).
Their Borderless Prepaid Card allows you to carry multiple currencies in one single card, which is perfect for travelers who need to exchange money frequently.
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Thomas Cook's Forex card offers a wide variety of currencies, including Asian currencies like the Japanese Yen (JPY), Singapore Dollar (SGD), and Thai Baht (THB).
Here are the 9 different currencies available on Thomas Cook's Multi Currency prepaid card:
- UAE Dirham
- Euro
- US Dollar
- Great Britain Pound
- Australian Dollar
- Canadian Dollar
- Japanese Yen
- Singapore Dollar
- Swiss Franc
Each currency has its own specific limits and charges, so it's essential to be aware of these when using your Forex card abroad.
India Partners with NPCI for RuPay
India has partnered with the National Payments Corporation of India (NPCI) for RuPay, a domestic card payment network.
RuPay is a 100% Indian card payment network that allows users to make transactions across the country.
The partnership aims to increase financial inclusion and reduce dependency on international card networks.
RuPay cards are accepted at over 1.5 million POS terminals and 750,000 ATMs in India.
The NPCI has also partnered with several banks to issue RuPay cards to their customers.
These cards can be used for online transactions, bill payments, and other financial services.
RuPay has become a popular choice for Indians, with over 250 million cards issued so far.
The partnership between India and NPCI has helped to promote digital payments and reduce cash usage in the country.
Sources
- https://www.thomascook.in/blog/our-services-forex/can-withdraw-money-from-travel-card/
- https://www.thomascook.in/blog/our-services-forex/know-the-transaction-charges-for-using-your-forex-card-internationally/
- https://wise.com/in/blog/thomas-cook-forex-card
- https://www.storyboard18.com/brand-marketing/thomas-cook-india-partners-with-npci-national-payments-corporation-of-india-38227.htm
- https://www.angelone.in/news/thomas-cook-partners-with-npci-in-uae
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