Caxtonfx Corporate Currency Cards
CaxtonFX travel money card now works out cheaper to use abroad than when using a debit card attached to your bank account. Travel money cards were introduced by foreign exchange providers due to the growing complaints from consumers. As foreign exchange companies can offer very competitive exchange rates which in nearly all cases beat the exchange rate you would get from your high street bank they decided to introduce travel money cards to cater for consumers, who are now able to gain the a competitive travel money exchange rate.
Why are travel money cards cheaper?
As foreign exchange companies buy currency in volume they are able to secure a competitive exchange rate for consumers. the rate can work out between 3% to 7% better than conventional ways such as high street banks, at airports, travellers cheques and bureau de change. As most of the back service is automated there is no need to have a large work force which enables the foreign exchange companies to keep costs to a minimum and pass the savings over to consumers.
Who offers the best exchange rate?
With so many ways travel money cards available there are several factors to take in to consideration, as all are offering a better currency exchange rate to conventional methods it is more about any additional charges when using your card. CaxtonFX are a clear winner in this sector making it totally free to use when abroad. If you get a CaxtonFX euro card and preload your currency on to the card then when you use the card in euros there are no transaction charges or ATM charges when paying or withdrawing euros. This can save you a considerable amount as compared to a normal VISA debit card say a Natwest debit card it would cost you £1.50 when using your Natwest debit card to pay at point of sale. The cost is higher when using a ATM abroad where it would cost you 2% (minimum of £2.00 to a maximum of £5.00) when using an ATM. With currency exchange rates hitting an all time low now is the time to start looking at getting the most for your money but also with added factors such as no charges to use your cards. With a range of travel money cards available choose one to suit your needs including free travel money cards available.
Top Up Information
CaxtonFX Corporate Currency Cards
When topping up your prepaid travel money card you may be charged a small fee, depending on the method, however most cards offer at least one free reload option.
Top up fees are FREE OF CHARGE using the following top up providers or methods:
|Free Top Up Charges||Charges||Timescales|
|Debit card||Free of charge||Instantly|
|SMS||Free of charge||Instantly|
|Online||Free of charge|| Instantly|
Top Up options that are charged
Card Load Limits
|Maximum Card Limit:|
|Maximum Load Amount:|
|Minimum Load Amount:||£100.00|
|Maximum ATM Withdrawl:|
CaxtonFX Corporate Currency Cards usage charges
Most travel money cards have usage charges but the charges vary depending on what card you have selected. In some cases there are no charges at all, but they can apply from transactions to ATM withdrawals.
Here is a list of usage charges for the above mentioned card.
|Card Issue Fee:|
Free when in the same card currency
2.75% when used in a different currency
|Monthly Service Fee:||Free|
|ATM Charge - In Currency:|
Free ATM cash withdrawal in same currency
|ATM Charge Diff Currency:|
2.75% per cash withdrawal in different currency
|Cancellation / Redemption:|
|Replacement Card Fees:|
|By SMS / Text Message:||Free|
|Via the Internet:||Free|
How to Apply
You have chosen to apply for a CaxtonFX Corporate Currency Cards, please ensure you meet the following points as this will make your application more likely to be approved.
Please ensure that:
You are at least 18 years of age.
You are a permanent resident/citizen of the UK.
Card is FREE when you preload £10 to get your card
Please note that until payment is made your Corporate Currency Cards account will not be opened.
How to Pay.
Pay now - The fastest and easiest way to pay is by debit card or credit card. Make a simple one off payment whilst signing up. Confirmed highly secure website, with card and personal details protected.
Pay later - If you prefer to pay by cash. Choose pay by cash by bank transfer when you apply. Send an amount in sterling to their account with your card reference, they will contact you when it is received when the amount is loaded to your card.
These points are simply a guide to the minimum acceptance criteria for the Corporate Currency Cards. Please ensure you read their terms and conditions and see a full list of charges.
The decision to accept will only be made by Corporate Currency Cards after they have taken your details, confirmed your ID and received payment.