How do travel
credit cards work?

Q: How do travel credit cards work?

Travel credit cards work in the same way as all other credit cards, however they often charge higher interest rates due to their high APR and you will need to be credit checked

Travel credit cards often offer good exchange rates and don’t charge a fee for spending abroad. They work in the same way as all other credit cards, however they often charge higher interest rates due to their high APR and you will need to be credit checked if you apply for a specialist travel credit card.

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You will be charged interest on any balance you don’t pay off that month which could end up cancelling out the exchange rate benefits. Travel credit cards often charge higher interest rates due to their high APR and you will need to be credit checked if you apply for a specialist travel credit card. Not everyone is guaranteed to be accepted as you may need to earn a minimum income or have a good credit score to be accepted for a travel credit card.

A better solution, only offered by Currensea, is the direct debit travel card. You simply spend abroad in any desired currency as the money will be collected from your existing bank account by direct debit.

A new way to spend abroad without worrying about fees, topping-up, and managing multiple accounts.

Plus, our free card and takes minutes to sign up.

	TOTAL CHARGES, %	TOTAL CHARGES, £
CURRENSEA ELITE & PREMIUM PLAN	0%	£0
CURRENSEA ESSENTIAL	0.5%	£46.13
RBS	3.27%	£301.71
BARCLAYS	3.51%	£323.86
HSBC	3.38%	£311.50
LLOYDS	4.03%	£371.86
SANTANDER	3.63%	£334.61
TSB	4.56%	£421.20

…vs high street banks

You still get all the security of using your bank account, just without the fees. It’s as simple as that.

	TOTAL CHARGES, %	TOTAL CHARGES, £
CURRENSEA ELITE & PREMIUM PLAN	0%	£0
CURRENSEA ESSENTIAL	0.5%	£46.13
CURVE + £4.99 card delivery	2.58%	£238.29
CAXTON	2.25%	£207.60
FAIRFX	2.27%	£209.60
TRAVELEX	4.40%	£405.98
CANNYAPP	4.52%	£417.05
POST OFFICE	4.53%	£418.20