Commonwealth Bank Travel Money Card

Commonwealth Bank

USD, AUD, NZD, EUR, GBP, HKD, SGD, JPY, CAD, THB, VND, CNY, AED.

USD: 0.7392
GBP: 0.4925
EUR: 0.6848
NZD: 0.9690

$15

Commonwealth Bank Travel Money Card Review

Review updated: 12 March 2014

Review published: 17 November 2011

What's hot:

  • Load up to 13 currencies on the one card

  • No monthly inactivity fee

What's not:

  • High card replacement fees

Mozo snapshot:

The Commonwealth Bank Travel Money Card is a handy prepaid travel card if you are visiting multiple countries on your holiday as it allows you to load up to as many as 13 currencies. You can also transfer funds between the currencies for free while travelling and monitor your balance online or over the phone 24/7.

Key features:

The Commonwealth Bank Travel Money Card is accepted wherever Mastercard is, and can be used internationally at shops, restaurants, at overseas ATMs and for online purchases.

The card has a standard purchase fee of $15 and it is one of the few prepaid travel cards on the market that does not have an inactivity fee so you can keep the card until your next trip if you have money left on the card (but make sure you check the cards expiry date as they do expire at some point.)

You can store up to 13 currencies at any one time, the most of any prepaid card on the market. This is one of the only prepaid travel cards to preload Vietnamese Dong, Chinese Reminbi and it is one of the few to also have Thai Baht as an option. The smart card feature means that it will always use the currency of the country in which the transaction is made first, as long as that currency is loaded on the card.

The Travel Money Card does not charge a cross currency conversion charge if you make a purchase in a currency other than the one on your card but if you want to add new funds to your card while you are away be sure that you have your default currency order set up correctly or you could find yourself paying unnecessary exchange rate charges.  



Who it's good for:

Prepaid travel cards are great for the budget conscious traveller as they allow you to set a travel budget and stick to it without the temptation of going into debt over that 'must do' romantic sunset cruise with 50 other tourists.

You don't have to be a Commonwealth Bank account holder to get a Travel Money Card which makes this a good prepaid card choice for anyone who is visiting more than one country on their trip.

If you want to use your travel card solely for online international shopping you can load the travel card up in several currencies and then go on a global shopping spree knowing exactly what exchange rate to use when comparing costs.

Any catches?

The initial card purchase does come with a back-up card but if you're the type of person who forgets to empty your pockets before doing the wash or has a tendency to misplace things (like hotel room keys) you could be up for some extra fees. Out of all the prepaid travel cards in the market, the Commonwealth Bank Travel Money Card has the highest replacement fees if your original cards are lost or stolen.

General

  • USD, AUD, NZD, EUR, GBP, HKD, SGD, JPY, CAD, THB, VND, CNY, AED.

  • USD: 0.7392
    GBP: 0.4925
    EUR: 0.6848
    NZD: 0.9690

  • $15

  • $0

  • $0

  • 0%

  • If your card is lost or stolen an emergency cash advance can be arranged via the MasterCard network

  • none

Atm withdrawal fee

  • 2.50 USD

  • 3.50 AUD

  • 2.00 GBP

  • 2.20 EUR

  • 3.50 NZD

  • 3.00 CAD

  • 220 JPY

  • 3.50 SGD

  • 17 HKD

  • 80 THB

Minimum load

  • 1 AUD

  • 1 AUD

  • 1 AUD

  • 1 AUD

  • 1 AUD

  • 1 AUD

  • 1 AUD

  • 1 AUD

  • 1 AUD

  • 1 AUD

Upper limit

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

  • 100,000 AUD

Monthly inactivity fee

  • 0

  • 0

  • 0

  • 0

  • 0

  • 0

  • 0

  • 0

  • 0

  • 0

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