5 Reasons Indian Students Should Use Forex Card While Studying

Illustrious foreign institutions across the globe are opening doors to foreign students with relevant qualifications. This has led to a massive rise in the number of Indian students heading abroad to improve their career prospects. UK and Canada are primarily the most preferred destinations for aspiring students in India.

Better college infrastructure and a wider range of opportunities is what primarily prompts students to study overseas. From securing a seat in a university to arranging admission fees, the pursuit of higher studies entails plenty of preparation. But the biggest concern that arises when traveling abroad is paying for expenses.

Staying overseas involves plenty of expenses like house rent, electricity bills, commuting costs etc. Travelers’ cheques and debit cards may seem like a good option at first glance. But exorbitant service fees associated with these methods can prove to be a thorn in the side of budget-conscious students. On the other hand, a prepaid forex card is indeed a reliable travel companion.

If you are wondering whether a forex card will come handy while studying abroad, you have landed on the right post. The top 5 reasons listed below will unravel why a forex card is ideal for Indian students planning to go abroad for studies.

1. Helps dodge unnecessary expenses

When students rely on a forex card for international expenses, high transaction costs become a thing of the past. It is no secret that a surcharge of up to 3.5% is applicable on international debit/credit card usage. But the story does not end here as banks have been infamous for including hidden charges into debit cards to rip off customers without their knowledge.

Whereas forex cards can help cut down on all such overseas transaction charges by guaranteeing savings of up to 6.5% over debit cards. Students who use a forex card to transact in foreign currency will not be subject to fluctuating exchange rates. In fact, forex cards are known to keep unpleasant exchange rate surprises at bay. It is because the foreign currency which is loaded in the card is loaded at a fixed rate which you are already aware of.

Students should choose a well-known brand like BookMyForex as its forex cards come with zero issuance charges and facilitate currency exchange absolutely free of cost, i.e. at interbank rates. Students who choose to use forex cards also get the special chance to avail exclusive discounts at stores abroad.

2. Support for a wide range of currencies

The topmost priority of every student planning to study abroad is to ensure a hassle-free travel experience. Students who participate in exchange programs and travel to multiple countries on a frequent basis…