Travel money card trends and insights 2017 canstar inr to usd exchange rate


It’s no secret that Aussies love to travel, so Canstar has examined external data, as well as our own, to identify the key trends and insights involving travel money cards for 2017. Fee changes in travel money cards

The majority of financial products and services come with numerous fees and charges, and travel money cards are certainly no different 100 eur to usd. In fact, compared to the other products Canstar rates, travel money cards have a huge number of fees; you can be charged for withdrawing money, reloading the card, using a different currency, and you can even be charged for not using the card at all.

Fees are important to consider when buying a travel money card, and Canstar has compiled information on the fees that each of the 12 providers we rate charge. We will have a look at 3 of these important travel money card fees:

While not necessarily a ‘fee’, the thing that gets most people is the exchange rate charged when loading the card with money. Different travel money cards have different exchange rates for each currency, and the rates that travel money cards offer are usually lower than that of the true exchange rate.

The variation in exchange rate of two cards can cause a difference of hundreds of dollars. For example, say you use $5,000 Australian Dollars to buy US Dollars. The card you choose might have an exchange rate of 0.72 USD, which would give you $3,600 USD. However, another card on the market might have an exchange rate of 0.74, which would give you an extra $100 USD.

So, always remember to check the exchange rates of different travel money cards. The best card for you might vary depending on which currency you’re after. Cash reload fees

Another big fee that catches a lot of people out is the cash reload fee usd zar exchange. The cash reload fee is charged on some cards when you load extra cash onto the card at a later date, after you’ve used your set limit. Our 5-Star Rated cards currently don’t charge reload fees, but others do, so you’ll need to check whether your chosen card has a maximum cap or a flat fee for reloading.

We’ve compared the current reload fees to what they were a year ago in the table below, looking at the minimum, maximum, and average fees. As you can see, reload fees haven’t changed much dow jones futures exchange. BPAY reload fees – 2016 vs 2017

When you withdraw from an ATM overseas that isn’t connected to your network, you will be charged a nominal flat fee in that respective currency. Comparing average travel money card ATM fees today against those 1 year ago, we can see the following: ATM withdrawal fees on travel money cards

Here’s a snapshot of travel money card products currently on the market for persons travelling to Bali, please note this products have been sorted by our star ratings (highest to lowest).

What do Aussie travellers look for in a travel money card when they’re planning for their next holiday? Last year Canstar published this article on the most sought after features people look for in a travel money card. Using our own research, the 5 most popular features of travel money cards based on activity on our website were:

As you can see in the table above, the first 3 features – ATM access, exchange rate locking, and same day reload availability – are still the most sought after from visitors to our website eur usd chart investing. Just over 27% of people seeking a travel money card want the ability to use them at ATMs above all else, while 16% want the stability of a locked-in exchange rate. All cards that Canstar researches and rates offer these 2 features.

However, we can see a slight change in preferences when it comes to 4 and 5. Over the last 12 months, the fourth most preferred feature people want in a travel money card is an SMS alert when they are running low on funds.

The fifth most sought-after feature is a multiple currency card; every travel card Canstar rates offered at least four currencies. The next highly desired feature in a travel money card is the availability of a mobile app. With technology becoming more and more crucial in all aspects of travel and banking, it comes as no surprise that people want to be able to manage their foreign currencies on the go. The latest features in the market

There hasn’t been too much change in terms of features, with the market remaining relatively stagnant rbi forex rates. However, one cool new feature on offer is Boingo Hotspots, from Travelex’s new travel money card.

The Boingo Hotspots feature gives you free global Wi-Fi access as a part of your Travelex money card. Boingo is an award-winning Wi-Fi service, connecting you to more than 1 million hotspots all over the world. Once you verify your Travelex card on the Boingo website using your card number, you can download the app and register up to 4 devices. This app will then inform you of the nearest Wi-Fi hotspots, giving you many more options to send emails, snapchats, and photos, without worrying about roaming fees.

Here’s a snapshot of travel money card products currently on the market for persons travelling to Bali, please note this products have been sorted by the reload cap fee ( lowest to highest) and features cards that can be used at ATMS.

Japan – while not on this list, remains an emerging destination of choice for Australians, according to AFTA. Japan’s performance has been encouraging, increasing by an average of 10% over the past 2 years.

Canstar also collects data of our own on where Australians like to travel rmb usd. Based on the people who click on our travel money cards comparison tool, Canstar customers were looking to travel to the following destinations: Click to enlarge

The graph above shows that from June 2016 to June 2017, the USA was easily the most preferred destination among Canstar visitors, followed closely by the UK and France; the latter of which isn’t one of the top 10 destinations according to AFTA and the ABS. The likes of Indonesia, Thailand, and New Zealand remain popular choices too.

While there is plenty of data available on where we travel to most, you might also be interested to learn about some niche holiday spots overseas. According to Trip Advisor, here are the top 10 destinations on the rise all over the world:

Complete with eighteenth century Spanish architecture, 200 bird species, gorgeous beaches, and an even more gorgeous coral reef, San Jose del Cabo is one of Mexico’s best hideaway locations.

Only a short way away from Vancouver, Whistler is one of the world’s premiere winter sport destinations, complete with stunning views and endless outdoor activities.

The mouthful Jericoacoara is a ‘mega-resort’, isolated on the Brazilian coastline. Kitesurfing, windsurfing, or just plain old lounging on the beach; Jericoacoara has it all.

Kihei is a resort on Maui’s western shore, and has an impressive selection of hotels and restaurants, making it a great choice for someone who enjoys the finer things in life.

Azerbaijan might not be at the top of most people’s bucket lists, but there are some wonderful sights to see there; Baku is no exception. Formerly a Persian capital city and once occupied by the Soviets, this World Heritage Site is rich with history.

Often called the last frontier of the Philippines, El Nido is a group of large island resorts that offers rich, beautiful landscapes and a plethora of activities, such as windsurfing, snorkelling, and various other water sports.

One of Israel’s largest and most popular resorts, Eilat is found at the very northern tip of the Red Sea. Its beaches are renowned for their calm waters that are abundant with aquatic mammals and fish-filled reefs.

Another mouthful of a destination, Las Palmas de Gran Canaria is the capital city of Gran Canaria, one of Spain’s Canary Islands. The city is well known for duty-free shopping, music, dancing, costumed performers, and large cruise ships, due to the fact that it is a major shipping port.

Like Azerbaijan, Georgia isn’t the kind of country you’d expect to see on a list like this, but the Georgian Capital is an underrated gem. Located in a deep valley, Tbilisi has a thriving arts and culture scene and extraordinary seventeenth-century architecture.

Jodhpur is surrounded by huge fortress walls and bastions, due to it being a fort during the fifteenth century currency exchange aed to usd. It is known as the Blue City because of the sheer number of blue colours that decorate many of the local houses and buildings.

This advice is general and has not taken into account your objectives, financial situation, or needs. Consider whether this advice is right for you. Consider the product disclosure statement (PDS) before making any financial decision. For more information, read Canstar’s Financial Services Guide (FSG).

Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular product. If you decided to apply for a product, you will deal directly with a financial product provider, and not with Canstar usd to rmb conversion. Cost and product information should be confirmed with the relevant product provider. For more information, read the product disclosure statement (PDS), Canstar’s Financial Services Guide (FSG), detailed disclosure, important notes and liability disclaimer.

The benefits or inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. Please ensure that you read the product disclosure statement (PDS) to determine all the current options and inclusions for the product you are considering.

The Star Ratings in this table were awarded in May,2017 usd yen. The search results do not include all providers and may not compare all features relevant to you. View the Canstar Credit Cards Star Ratings Methodology and Report. The rating shown is only one factor to take into account when considering products.

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you. Consider the product disclosure statement before making a purchase decision futures market prices. Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Statistics referenced on this page have been verified by Canstar Research. Research provided by Canstar Research AFSL and Australian Credit Licence No. 437917.