Currensea Free Card Code – Best Travel Cards

A new fintech business which I was presented to previously this year. Currensea Free Card Code…

It has won a couple of awards over current months for what it does (using you an affordable way to spend abroad) however what I like about  is that it is simple as hell. This is a good thing.

is, effectively, a direct debit travel card. You simply spend as you would on a typical debit card and the money is taken from your current account– just without the usual 3% cost.

Oh, and  is free to request, which also assists.

There are also some intriguing travel advantages if you select a paid strategy, but the totally free plan works fine. You can apply here.

There is a service design in fintech which Curve, Revolut, Monzo etc have all followed:

launch by doing something well, and free of charge or cheaper than the competitors
include increasingly more functions which your existing customers do not truly need or want

add charges, charges or limitations to the function that made people get your item in the first place, removing any competitive advantage
is currently still in Phase 1 of this process and will ideally stay there. Monzo, revolut and curve are currently in Stage 3 …
is easy enough that it passes my ‘Can you discuss it to your mate in the bar in 30 seconds?’ test:

It is a totally free direct debit card to use abroad and which automatically recharges all purchases to your existing current account in Sterling, less a little 0.5% cost.

That’s it.

You don’t (yet …) make any airline miles or points for using it.

Why would I want to get a card?
If you have a charge card offering 0% foreign exchange fees, then you don’t need a  card, unless you want complimentary ATM withdrawals. You can stop checking out now.

Nevertheless, credit cards which provide benefits and charge 0% FX charges are scarce. The only ‘miles and points’ choices which offer a partial service are the Virgin Atlantic charge card which have 0% FX fees in the Euro zone.

IS potentially for you if:

you don’t have a charge card offering 0% FX fees and do not want to affect your credit report by getting another credit card particularly to utilize abroad
you want a product which permits you to make �,� 500 of foreign currency ATM withdrawals monthly with no fees and only a very little FX mark-up (there is a small charge beyond �,� 500).
you want a product for you, your adult children, moms and dads, partner or anybody else in your life who requires a basic, easy to understand payment card that will save them cash when travelling.

How does  work in practice?
It is, as I said previously, a very basic procedure. You use your Currensea card in the same way as your existing debit card.

You make your purchase in local currency (any currency, globally).
Your bank account bank immediately verifies that you have sufficient cash in your account and authorises the deal.
The transaction goes through at either the interbank rate or the Mastercard rate, depending upon the currency. If you have the totally free card,  includes a 0.5% cost. If you have one of their paid cards, there are no charges.
You get an automatic spend alert via the app, if you select to install it.
The cash is drawn from your bank account a couple of days later.
Here is an example. Without any foreign travel in the diary, I decided to sprinkle out and purchase 1,000 MeliaRewards points for EUR5.

This is what you see in the Currensea app, which reveals �,� 4.33 scheduled to leave my HSBC account a few days later on:.

But converting pounds was expensive.

A pet peeve of mine is when ATMs forewarn you about the daylight robbery that is practically to occur (frequently in a various language) while not telling you about the expensive currency conversion fees happening in the background. Don’t get me started. Anyhow back to the positives for a bit anyway.

In current years a handful of fantastic travel debit cards have actually popped onto the scene … and like other terrific cards Currensea guarantees huge savings (85%) and a great app.

I believe the best bit may be what no other card does: connects to your existing high street bank account.

What this means is you can spend money you have in your existing bank account with less worry about lacking cash and the extra action. However that does not imply it is best.

In this Currensea evaluation is the great, the bad, the ugly and the alternatives, so that you can choose.

FX markup.
While our premium plans have no FX markup, we charge a nominal FX markup on our Essential Strategy of 0.5% per deal, enabling us to make revenue from our Essential Plan whilst remaining more affordable than other pre-paid cards and high-street debit cards. We also charge an FX markup on ATM use over the totally free quantity on all our strategies, full details can be discovered on our pricing strategies.

Membership fees.
We charge an annual subscription fee of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Strategy. The subscription cost likewise gets rid of all FX markup on deals.

Interchange.
Every time you invest with your card we receive a little % of the deal, referred to as interchange, this comes directly from the merchant and will not be charged to you. Currensea Free Card Code