Debit Card Comparison - Top 10 Best Debit Cards
Top 10 Best Debit Cards and the Best Prepaid Debit Card?
Prepaid Debit cards, also commonly referred to as prepaid cards. A veritable lifesaver for everyday use or even when vacationing in a foreign country. These Debit cards highly acclaimed for providing a wide variety of value-added benefits. When contrasted with the traditional credit cards that should not be overlooked.
In essence, you get to pick a given Debit card. Which in the context of this article the Sterling debit card. Then, you able to conveniently top it up with the exact amount of sterling you wish. The minute you get the card activated in the UK, you will then use the debit card to foot your everyday spending. Either directly or you can make cash withdrawals. The debit card arguably one of the best cards used in the UK. Which currently made available in the market. Here are some of the most notable reasons why this is the case.
The prepaid Debit card has its very own competitive rate of charges depending on the card you choose.
Unlike a good number of its competition that utilises either Mastercard or VISA exchange rates. Prepaid Debit card possesses its own exchange rate. While it subject to the usual fluctuations, it still regarded as the most competitive among sterling cards. Even better, when you preload your prepaid Debit card, you will get a fixed exchange rate when using abroad.
What this really means if your timing is right (when the dollar is stronger than the pound). You will get to gain and you can retain that rate until the card is depleted. This is a stark contrast from what you would get from opting for a credit or debit card. All of which tend to operate on real-time’ fluctuating exchange rates. Which can make it infinitely hard to keep abreast of your spending abroad.
Debit Card Comparison
No foreign currency exchange rate fees?
At the same time, most credit and debit cards usually charge an additional levy of around 2.75% on top of the exchange rate when you use them overseas. On the other hand, the FairFx dollar card, as with all the finest currency cards out there. Will never charge any such fees. The former option maintains rather exorbitant cash withdrawal rates as well. But with the FairFx dollar card, this not applies to the cash in it has already been prepaid and not borrowed.
A much better alternative to foreign usage’ credit cards?
Granted, there are a number of credit cards, which are specifically designed for foreign use that does not impose foreign exchange charges. Some of the most prominent are Abbey Zero, Post Office Classic and even Nationwide Gold. Nevertheless, these particular foreign usage’ credit cards still come with cash withdrawal fees of approximately 2.5%.
Also, they tend to carry overly hefty interest rates imposed on cash withdrawals. For instance, if you settle for the Abbey Zero credit card. You charged an interest rate of 25.9% for the cash withdrawals you make. Conversely, with the prepaid Debit card. You only charged from £0.50 to £2.00 for each ATM cash withdrawal you make while in the UK.
Compare Top 10 Debit Cards Online
Your cash always secure with the prepaid debit card?
Prepaid cards regulated by the Financial Conduct Authority. Unlike some of its competitors. Generally speaking. This signifies the money you preload into the prepaid debit card deposited on what known as a ring-fenced’ account. This type of account separate from prepaid debit card own account. So, even in the unlikely event of this company going bust. You will still get to retain the cash you loaded into your card.
Additional benefits of settling for the prepaid Debit card?
On a parting shot, here are some more reasons why the FairFx dollar card is the best dollar travel card. You could ever opt for. To begin with, you will be able to top up your FairFx dollar card completely free of charge via either a debit card online or a bank transfer. As well permitted to make up to 3 different cash withdrawals on a daily basis.
On the other hand, you not charged any till fee for using your FairFx dollar travel card in stores or restaurants. Finally, when you preload it with between 300 to 500 pounds, will credit with a free 8 pounds. Alternatively, preloading your FairFx dollar travel card with 600 pounds. Or above will see it credited with a free 20 pounds.