Why prepaid travel cards are so popular

More and more people are realising that prepaid travel cards can be extremely useful when heading abroad.

By loading your money on to plastic before you set off, you can guarantee that you will not suffer from sudden dips in the value of the dollar, thus ensuring you get the best exchange rates.

As well as this, you have peace of mind that if you lose your wallet, you can call your provider to cancel the card.

It is not just in Australia that such packages are proving attractive, as holidaymakers in Dubai have also fastened on pretty quickly.

According to Gulfnews.com, Majid Al Futtaim Finance has reported a 95 per cent rise in the uptake of prepaid cards in the first half of 2012 alone.

The organisation believes they could soon overtake standard credit cards in the popularity stakes, mainly because they allow people to stick to a rigid budget.

This is a crucial consideration at the moment, as many people are struggling financially and do not wish to overstretch themselves when they go away.

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