Aussies love to travel the globe. Whether we’re escaping the scorching hot summer for a white Christmas or planning the next bucket list trip of 2020, it’s smart to be prepared when it comes to money and the hidden exchange and withdrawal fees you could be stung with abroad.
If you’re a little confused deciding on whether a prepaid, debit or credit travel money card is the right choice for you, you're not on your own. There are a lot of things to consider when planning a trip overseas, so the money experts at Mozo have come to the party and looked at the nitty gritty to come out with some standouts to help make it easier for you to decide which is right for you.
So, before you bring out the suitcase and renew the passport, weigh out the pros and cons and research which card is a sure fit for your holiday needs.
3 TOP TRAVEL MONEY CARDS
Citi Global Currency Account
10 currencies in the one place
No monthly fees, international transaction or overseas ATM fees
The Citi Global Currency Account is an everyday bank account and a multi-currency travel card all in one. With the ability to hold up to 10 currencies in the account, it's your one stop global banking solution that allows you to switch seamlessly between currencies and have complete control over your money no matter where you travel. The MasterCard debit card provides secure and convenient domestic and international purchasing power and the account has no monthly fees and no overseas ATM or transaction fees as long as you are withdrawing the same currency of the account.
ANZ Rewards Travel Adventures Card
Multiple 2019 Mozo Experts Choice Award winner
75,000 bonus Velocity Points offer
Complimentary travel insurance
Kick your next holiday up a notch with the ANZ Rewards Travel Adventures card, a card built for every kind of traveller. Cardholders will earn 1.5 ANZ Rewards Points per $1 up to $2000 per statement period, then 0.5 points per $1 after. And if you’re keen to rack up 75,000 bonus Velocity Points, all you need to do is spend $2,500 on eligible purchases within the first three months of approval. There’s also a complimentary return economy domestic flight up for grabs every year as well as other travel perks, like complimentary travel insurance and lounge passes.
American Express Velocity Platinum Card
2019 Mozo Experts Choice Award Winner
Earn 100,000 Velocity Points when you apply online (conditions apply)
If you’re a frequent jet setter, you’ll be pleased to hear that with American Express’s Velocity Platinum credit card, you could earn a whopping 100,000 bonus Qantas Points. All you have to do is apply online and be approved by 12 February, 2020 and spend $3,000 within the first 3 months. Plus with the ability to earn 1.25 Velocity points per $1 on regular spend, it’s no wonder this rewards credit card bagged a 2019 Mozo Experts Choice Award for Best Velocity Frequent Flyer Premium Credit Card.