When you are visiting abroad – 50% of your expected expenses should be in Foreign Currency Notes and the remaining 50% can be in Prepaid Forex/Credit Card.
Now, how do we decide which to prefer : Prepaid Forex Card or Credit Card? The following table will be of help:
It looks like there are lot of charges in a Prepaid Forex Card – where as – Credit Card has only Markup Charges. But, in reality, markup charges can end up being higher than all the Prepaid Forex card charges together
As a thumb rule, prefer a credit card over prepaid forex card if the Currency Conversion Charges (Markup) is less than or equal to 2% + GST.
Do check out the top Prepaid Forex Cards & Credit Cards available in India :
Top 6 Prepaid Forex Cards in IndiaTop 10 Credit Cards (with low Markup) for International Travel in India
With the above information, now easily choose your preferred card for your Family Vacation. Happy Travelling!
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