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If you are travelling abroad, you already know that you must carry foreign exchange along to pay for your expenses during your trip. But how should you carry your foreign exchange? What's the best and cheapest way to pay? Forex Card or cash? Which is better when it comes to Forex Card or Credit Card? Or should you pay with a Debit Card?
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Cash
Cash is the default option. It's the most liquid and convenient way to pay. But cash comes with problems. If you are travelling to multiple countries, you must carry multiple currencies. It's not easy to carry lots of cash, and you must be extra careful with it. If lose it or it is stolen, you have no way to recover it. So, carry some cash for convenience and emergencies, but don't carry all the forex you need in cash.
Forex Card
This is the most popular way for travellers to carry currency nowadays. It's widely accepted and almost as good as cash. And, when you need, you can withdraw local currency from an ATM. With a card like the HDFC Bank Regalia ForexPlus Card, you can spend on your travels across the world with a single card without paying any cross-currency charges. A forex card has many benefits it is safer – you can block it if you lose it, and you also get insurance bundled with the card. Besides theft, you are also protected against forex fluctuations, because the rates are locked in the moment you load the card.