This card is impressively free of fees. There is no transaction fee (as long as you buy items priced

I wrote a long piece last week about the avios.com and British Airways cash passport products . These are reloadable cards which can be used instead of credit cards for making payments abroad. I wasn t impressed.
This card is impressively free of fees. There is no transaction fee (as long as you buy items priced cheap airline spring break tickets to mexico in Euros) and there is NO CHARGE for topping up the card using your debit card. (This compares to the 2% fee on the Avios cards.) You can also use a credit card, although there is a 2.5% fee it is not clear if it would go through as a purchase or a cash advance.
As the card is fee free, the only item to look at is the exchange rate. Putting in a test order, it showed a rate of £1 = Euro 1.1272. The spot rate was Euro 1.1567. This means that the spread is 2.3% surprisingly decent.
However, looking at the same time at the American Express travelmoneynow website, they offered a rate of Euro 1.137 for a pre-ordered transaction, collected at the airport. Not only is this a better rate, but the transaction would be treated as a purchase if charged to an Amex-issued American Express card.
Now, of course, you may not want to carry cash around. However, pre-ordering cash from Amex will get your more for your money than getting an easyJet Euro Currency Card. You also have the issues around cheap airline spring break tickets to mexico emptying out the easyJet card after your holiday.
Compared to using a miles and points credit card, the easyJet card is better value. All miles and points card charge cheap airline spring break tickets to mexico a 2.75%-2.99% spread compared to 2.3% on this card. However, cheap airline spring break tickets to mexico once you factor in the value of the miles and points you would also earn on the transaction, using a normal credit card would be a better cheap airline spring break tickets to mexico deal .
If you really must have a prepaid currency card perhaps to give to a young person who cannot get a credit or debit card then this product does offer decent cheap airline spring break tickets to mexico value for money. For the rest of us, though, I still don t see the point.
The real beauty of it is that you need not worry about having balances in other currencies and you can always spend it in the UK to clear the balance when you come back from holiday (albeit with the 1.4% fee even in Sterling).
Prior to my overseas trip, I would fund it with an amount of money and then use it for cash withdrawal, effectively treating it as a pre-paid account. Metrobank converts the foreign currency transactions to GBP at a very competitive spot rate. If you have any “excess” funds in your account cheap airline spring break tickets to mexico after the trip, you simply cheap airline spring break tickets to mexico transfer it back to your main current account without charge.
Using American cheap airline spring break tickets to mexico Express cheap airline spring break tickets to mexico Travel Money Now services is considered as a cash advance on your American Express Card and not as a regular purchase. Therefore, if you are using an American cheap airline spring break tickets to mexico Express Card for ordering cheap airline spring break tickets to mexico your foreign currency, the cash advance fee of £3 or 3% of the amount may be applicable, cheap airline spring break tickets to mexico whichever is the greater.
Let s get something clear. Every time I write about this, at least one person and usually cheap airline spring break tickets to mexico more than one rings up Amex to check if I am right. This is despite the fact that hundreds of people have successfully done this, including myself. cheap airline spring break tickets to mexico The Amex phone reps tell them that I am wrong and that the transaction will be treated as a Cash Advance and they will be charged. The Amex phone reps are wrong. The transaction will be treated as a Purchase.
Secondly it suppose to be cheaper when withdrawing euros abroad since Nationwide was charging £1 per transaction. But soon I found out that the exchange rate is +3% where is Nationwide was +2% so when withdrawing over £100 worth of euros it became cheaper to use my normal debit card. Now I have upgraded to Nationwide cheap airline spring break tickets to mexico Plus account, the £1 fee is waved, so the Escape Travel Card has become useless. Even worse they don t allow to cancel it till the end of the contract and would charge £1pm fee for dormancy.
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