Compare Travel Money Cards

Information verified correct on September 27th, 2016

Compare travel money cards so you can spend your own money and save on fees next time you travel overseas.

Australians are avid travellers. So it’s no surprise that travel cards are popular among Aussie tourists. Travel cards provide travellers with easy access to their funds overseas, allowing you to load funds between any number of the major international currencies. Some cards cut costs by offering no currency conversion or foreign transaction fees. This convenience does come at a price though. Here we unpack some of the features, fees, benefits and drawbacks you can expect when using a travel card for your next overseas trip.

ANZ Travel Card

ANZ Travel Money Card

The ANZ Travel Card is a prepaid card that can be loaded with up to 10 foreign currencies to make purchases overseas at over 36 million locations.

  • Lock in your exchange rates and know how much money you have to spend
  • No transaction fees for electronic purchases in Australia and overseas
  • Multiple reload options - online, over the phone or in person
  • Manage your money online or over phone 24/7
  • Spare card if in case one is lost or stolen

    Compare Travel Money cards

    Rates last updated September 27th, 2016
    Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
    ANZ Travel Card
    ANZ Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, AUD 3.50, CAD 3.00, EUR 2.20, GBP 2.00, HKD 20.00, JPY 260, NZD 4.50, SGD 4.00, THB 95, USD 2.50 1.1% of the value purchased $0 Go to site More
    Flight Centre Key to the World Currency Card
    Flight Centre Key to the World Currency Card
    AUD, USD, SGD, NZD, JPY, THB, GBP, EUR, HKD, CAD USD 2.50, EUR 2.50, GBP 2.00, NZD 3.50, THB 80.00, CAD 3.50, HKD 18.00, JPY 260.00, SGD 3.50, AUD 3.50 1.1% of the total amount $0 Go to site More
    NAB Traveller Card
    NAB Traveller Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $0 per withdrawal on international ATMs and $3.75 per withdrawal at any Australian ATMs $0 $0 Go to site More
    Rates last updated September 27th, 2016
    Currency Conversion Fee Monthly Inactivity Fee Multiple Currencies on One Card Maximum Load Amount
    ANZ Travel Card
    ANZ Travel Card
    3% $3 Yes $80,000 Go to site More
    Flight Centre Key to the World Currency Card
    Flight Centre Key to the World Currency Card
    5.95% $0 No $10,000 Go to site More
    NAB Traveller Card
    NAB Traveller Card
    4% $0 Yes $45,000 Go to site More

    Travel Credit Card Comparison

    Compare $0 Foreign Currency Conversion Fee Credit Cards

    Rates last updated September 27th, 2016
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    Bankwest Zero Platinum MasterCard
    An introductory offer on balance transfers with $0 annual fee. Complimentary travel insurance & 24/7 Concierge service and $0 foreign transaction fees.
    17.99% p.a. 2.99% p.a. for 9 months $0 p.a. Go to site More info
    28 Degrees Platinum MasterCard
    Benefit from no international transaction fees on purchases, no currency conversion fees and no annual fee.
    21.99% p.a. 4.99% p.a. for 6 months $0 p.a. Go to site More info

    Compare Credit Cards with Travel Insurance

    Rates last updated September 27th, 2016
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    HSBC Platinum Credit Card
    Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
    19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
    Virgin Australia Velocity Flyer Card - Balance Transfer Offer
    Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
    20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
    HSBC Platinum Qantas Credit Card
    Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
    19.99% p.a. $199 p.a. Go to site More info
    Citi Qantas Signature Credit Card
    Earn up to 70,000 bonus Qantas Points when you meet the spend requirement plus stay secured with a complimentary international travel insurance.
    20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
    ANZ Platinum Credit Card - Exclusive Offer
    Receive $200 back when you spend $500 in the first 3 months. Also enjoy a $0 annual fee for the first year.
    19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
    American Express Platinum Edge Credit Card
    Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy 0% p.a. for 12 months on balance transfers and receive a complimentary Virgin Australia domestic economy return flight every year.
    20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
    St.George Vertigo Platinum
    A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
    1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
    Citi Rewards Credit Card - Platinum Card
    Enjoy a reduced annual fee on the first year, 0% p.a. for 24 months balance transfer offer, Citi Reward Points on eligible spend, plus a complimentary travel insurance.
    20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $199 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
    ANZ Rewards Travel Adventures card
    Pay no overseas transaction fee on purchases and receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
    20.24% p.a. $225 p.a. Go to site More info
    David Jones American Express Platinum Card - Qantas Rewards
    Receive complimentary travel insurance when you use this card to book tickets for flights and earn 30,000 Qantas Points when you spend outside of store 3 times in the first month.
    20.74% p.a. $295 p.a. Go to site More info

    passport-with-travel-money-card

    What is the purpose of a travel money card?

    Travel money cards allow you to hold a number of different foreign currencies at one time. They’re designed to provide travellers with access to their own funds without the hassle of having to convert your currency each time you visit a new destination. By spending in a currency you already hold on the travel card, you can avoid the currency conversion fees that often come with spending overseas. Travel money cards can provide cardholders financial security by the way of CHIP and PIN-protected cards and sometimes offer peace of mind with complimentary travel or purchase insurances. Plus, some travel money cards come linked with rewards programs that will allow you to earn points as you spend.
    The convenience of a travel card comes at a price though, and the fees you can vary from card to card. Some of the standard fees you can expect include initial load or reload fees, ATM withdrawal fees and inactivity fees.

    What are the different types of travel money cards?

    There are a few different ‘types’ of travel cards to choose from. You can go for a travel card offered by a bank, a non-bank and there are even travel cards that reward you with points when you spend:

    • Travel cards from banks

    Travel cards offered by lending institutions like banks make up the bulk of products on the market. These products have similar fee schedules and support a similar number of foreign currencies.

    • Travel cards from non-banks

    Non-bank travel money cards tend to have a standout feature as a point of difference, such as a rewards program, to the bank offerings. However, you may find that these types of travel card charge more for specific types of fees, like currency conversion.

    • Rewards travel cards

    Similar to rewards credit cards, rewards travel cards allow users to earn rewards points as they spend. Depending on the card and rewards program you’re using, these points or miles can be redeemed for travel rewards, merchandise and gift cards to name a few.

    How can I compare travel money cards?

    There are a few simple ways you can compare travel money cards to find the product that’s right for you. It helps if you have an idea about the ways you plan on using the product, like whether you plan on making more ATM withdrawals than purchases or vice versa. Some of the factors you can consider include:

    • Available currencies

    This should be a high priority when comparing travel money cards: is the currency of the country you plan to visit a supported currency? If you’re unable to load the currency of the destination you plan to visit, a currency conversion fee is charged on the transaction. In this instance, you may be worse off using a travel card compared to your everyday credit or debit card.

    • Fees

    Look at the fees for the initial load, reloading, ATM fees and currency conversion fees. Some of these fees are unavoidable; while you can dodge ATM fees with a little planning. If you’re going to be using the card primarily for ATM withdrawals, it may be worth comparing products that do not charge for international ATM withdrawals.

    • Freebies

    Some travel cards come with perks, like the ability to earn rewards points. The Qantas and Velocity products are two in the market that let you rack up points when you spend. However, these products are only suited to travellers who like to use their card for purchases. ATM withdrawals won’t earn you any points.

    Compare Australian travel money cards

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    What are the pros and cons of using a travel money card?

    Pros

    • Spend your own money like a local. The main advantage of these products is the ability to hold multiple foreign currencies and spend overseas minus the fee for currency conversion.
    • Budget. Control your holiday budget by only loading what you need, as you need it.
    • Security. Too many people get stuck without cash due to a lost or stolen debit or credit card. Two travel cards are issued in case the one card is lost or stolen.
    • Fee waivers. Although these cards do charge when you load or reload, some of these products waive international ATM fees, which can be a big bonus if you’re making regular ATM withdrawals.

    Cons

    • Exchange rate. Travel money cards use the card provider’s ‘cash exchange rate’, which is higher than the advertised rate you see on the evening news. However, there are products that exchange funds at the market rate.
    • Fees. Travel card use will incur a number of fees either when you load or reload the card. Some cards even charge an inactivity fee if you fail to use your card after a certain amount of time.
    • Limited currencies. Currencies that are not considered a major international currency are not a travel card supported currency. As such, you may find that travel money cards have little use in these holiday destinations.
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    What else should I consider?

    Think about the following when comparing and using a travel money card:

    • Reload before you run out

    Make sure to reload funds onto your travel card before your account runs dry and you’re stuck without. If you’re using BPAY or a bank transfer, it could take one to three or four business days for funds to clear in your account. Be sure to factor in bank holidays and weekends when planning your travel card reloads.

    • Acceptance

    Although some travel cards offer to have your name printed on the card, some do not provide that option. Keep in mind that some retailers may not accept a travel card if you don’t have identification to prove your identity. Some travel money cards also pose sanctions on certain locations, so make sure to do some research beforehand to confirm that you can use your card at your travel destination.

    • Account management

    Be sure to set up your travel card with online banking so you can check your remaining balance regularly. Other methods like SMS alerts may incur a fee.

    • Currency order

    Remember that when you load funds onto your travel money card, the money will be credited to a foreign currency depending on the default currency order for your product. While some travel money cards don’t allow cardholders to alter the default order, others allow you to change the currency order to better suit your needs via the online banking portal. If you’re going to need several currencies on your trip, this is something you might need to consider.

    Travel cards can be a useful way to take and spend your money overseas, but for the *best results, take a combination of credit, debit and travel cards with you on your trip. Some credit cards offer complimentary travel insurance when you pay for your flight, and there are even debit cards with no currency conversion fee when you spend in a foreign currency.

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    Frequently asked questions

    How many currencies can I hold at a time on my travel money card?

    This will vary from card to card. While some cards allow you to hold money in all of the available currency wallets, others will only allow you to load a certain amount of the total supported currencies at any one time. Most travel money cards also have restrictions on the maximum amount you can hold across all wallets. There is a maximum load amount and an upper limit to the amount of money you can hold on the card at the one time, so make sure to check the product disclosure statement to confirm the fees relevant to your card.

    How do I reload my travel card?

    Again, this will vary from card to card. As a general rule though, most travel money cards allow cardholders to load funds onto your card via BPAY and telephone or online bank transfer. You will be notified of the available options and the details you’ll need to load funds onto the card when you receive your card.

    Do I have to load money for each currency I want to hold on the card?

    No. You can load funds on to your travel money card and transfer the money between currency wallets when you want.

    What if I make a purchase in a currency I have not loaded on to my card?

    If you spend in a currency you do not hold on your travel card, the currency at the top of your order* will be used to complete the transaction and you will incur a currency conversion fee.

    How do I check the balance of my travel card?

    You can check the current balance of your travel money card using the card provider’s online banking facility. If you have applied for a travel money card offered by your current banking or financial institution, you can view your travel card details alongside the details of your everyday accounts.

    How do I find out the travel money card exchange rate?

    Depending on the way you load the travel money card, you will be advised of the exchange rate when you go to carry out the transaction. If not, you can view a travel card provider’s foreign exchange rates by accessing the foreign exchange section of their website.

    Do I press ‘Cheque’, ‘Savings’ or ‘Credit’ when I make a purchase?

    Even though you’re using your own money when you make a purchase with your travel card, when your prompted to select an account at the point of sale, press ‘Credit’.

    What if I have money on the card when I return home?

    You can still use your travel money card in Australia for purchases and ATM withdrawals. Some cards even give you the option of ‘cashing out’ to collect any remaining funds. Note that there may be a higher charge for ATM withdrawals in Australia than overseas.

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    24 Responses to Compare Travel Money Cards

    1. Default Gravatar
      Tricia | August 25, 2015

      Need to use a card in India and Sri Lanka

      • Staff
        Sally | August 25, 2015

        Hi Tricia,

        Thanks for your inquiry.

        If you are looking for a card to use in India, I suggest you take a look at our “Travel Money Guide: India” page here.

        I hope this has been helpful.

        Thanks,

        Sally

    2. Default Gravatar
      casey | November 28, 2014

      what travel card to use in india

      • Staff
        Elizabeth | November 28, 2014

        Hi Casey,

        Thanks for your question.

        You can compare travel money options for India on this page.

        I hope this has helped.

        Thanks,

        Elizabeth

    3. Default Gravatar
      Alexander | September 30, 2014

      Hi there,

      I will be travelling to Peru in less than a week and trying to figure out the best card for me. I initially applied for a citibank debit card but they are not able to provide me with a card in time.

      I will be in Peru for around four weeks and USA for a little under a week. I would like to take out SOL cash whilst in Peru. My bank is commonwealth and was thinking of applying for a travel card with them.

      • Staff
        Elizabeth | October 1, 2014

        Hi Alexander,

        Thanks for your question.

        You may want to take a read of our travel money guide for South America which takes you through your card options. Before you apply for any one of these cards it may be a good idea to check if you can pick it up from a branch or have the card express posted to you to ensure you receive it in time.

        Enjoy your trip to Peru!

        Elizabeth

    4. Default Gravatar
      Tarn | September 27, 2014

      I am going to Hawaii next month and am finding it hard to decide on which travel card to use. I will be there for 10 days and will use it for most purchases.
      Thanks

      • Staff
        Shirley | September 29, 2014

        Hi Tarn,

        Thanks for your question.

        The USD is the most commonly accepted currency in Hawaii, so you may want to opt for a card that lets you preload USD so you can save on currency conversion fees.

        Please see our travel money guide for USA for a comparison of suitable products.

        Cheers,
        Shirley

    5. Default Gravatar
      Maria | February 12, 2014

      We are going to visit South Africa soon, which travel card would you suggest we use. We would like to use the card for everyday purchases and cash withdraws from ATM’s.
      Thanks
      Maria

      • Staff
        Jacob | February 13, 2014

        Hi, Maria.

        Thanks for your question.

        You may want to have a look at our travel money comparison page to assess your options.

        Currently, there are no travel money cards which allow you to load the South African onto your card. Have a look for credit cards and travel cards with no foreign currency conversion fees.

        I hope this helps.

    6. Default Gravatar
      lindsay | September 5, 2013

      Does the ANZ travel card not accept indian rupees?

    7. Default Gravatar
      Zina | August 3, 2013

      Hi,
      Just wandering what would be the best card for me to take I am traveling to Ukraine,Turkey and Italy in September 2013
      Thank you

      • Staff
        Shirley | August 5, 2013

        Hi Zina,

        Thanks for your comment.

        We can only give you general information only. The best type of credit cards to bring overseas is those with no foreign transaction fees. This page might help you with your decision.

        Cheers,
        Shirley

    8. Default Gravatar
      Dianne | June 21, 2013

      Which Travel Card would you recommend?

      • Staff
        Jacob | June 24, 2013

        Thanks for your question Dianne. I can not recommend a card to you. Please compare the features, benefit and fees of these products to find the card that’s right for you. I’m happy to help with questions relating to factual matters of these products, but I can’t offer a recommendation. Jacob.

    9. Default Gravatar
      Donna | March 1, 2013

      Hi, hubby and I cruise to or in the US once or twice a year and we have been using an ANZ travel card for a few years with no dramas. However now the cruise lines wont accept the card because it doesnt have our name on it. It’s to do with security. I’m trying to find out if there’s a travel card I can get and load US currency on that would have our name on it.
      Thank you, Donna

      • Staff
        Marc | March 4, 2013

        Hello Donna,
        that’s a great question.

        From our research it looks as though some travel card issuers are now offering their new cards with printed or indented names on them, but it depends on where the card is received from. Commonwealth Bank’s travel card option for example will now be offered with a printed name if the application is made online, although if the application is made at a branch there’s a possibility it won’t have a printed name on it because they may still have stock of older cards without names on them. OzForex and Travellex travel cards from our research offered printed names, while NAB did not.

        It may be a good idea to enquire with a provider you’re interested in before applying, to ensure the card you’re going for will have a printed name on it. It could also be a good idea to enquire with the cruise company as to whether or not the name needs to be embossed, or just printed.

        I hope this helps,
        Marc.

    10. Default Gravatar
      Kerry | March 13, 2012

      Is there a money card you can load Tahi Baht currency.

      • Staff
        Jeremy | March 19, 2012

        Hi,

        Thanks for the question. The Thai Baht can be loaded onto the ANZ Travel Money Card. Hope this helps.

        Cheers,
        Jeremy

    Credit Cards Comparison

    Rates last updated September 27th, 2016
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    Virgin Australia Velocity Flyer Card - Balance Transfer Offer
    Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
    20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
    ME Bank frank Credit Card
    Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
    11.99% p.a. $0 p.a. Go to site More info
    St.George Vertigo Visa
    Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
    1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
    HSBC Platinum Credit Card
    Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
    19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

    * The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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