Pay for purchases in up to five different currencies while you travel at millions of locations around the world
Using a Travelex Cash Passport Mastercard Debit Card gives you the freedom to pay for the things you need at millions of outlets around the world. As this is a debit card, the money you spend is your own so there is no need to worry about high interest charges accumulating on your account.
You can control your spending budget more easily with a Cash Passport card than you can by using a credit card or a regular debit card. This is because Travelex has arranged for fixed ATM fees and charges. The amounts you load allow you to lock in your exchange rate at the time you purchase funds. You also won’t be charged any transaction fees on purchases you pay for using the card.
Compare this to the steep fees charged on credit card use while travelling. There are variable foreign currency exchange fees to consider, as well as being charged high ATM fees. You may also be charged interest at cash advance rates from the date you made the transaction. Then there’s the risk of losing your card or having it stolen.
These fees don’t apply when you use a Travelex Mastercard Debit Card while you’re travelling. You can pre-load the amount of cash you want onto the card at the same outlet at which you purchased the card or by transferring funds online.
As payments are processed by Mastercard, this gives you access making payments with millions of merchants and outlets or withdrawing cash from millions of ATMs around the world.
When you’re travelling overseas, you may need to purchase foreign currency. Carrying cash is fraught with risk, so using a Travelex Cash Passport Mastercard card can remove this risk.
You can load cash in Australian dollars onto your card and it will be converted to whatever currency you choose for your card automatically. You can choose from five different currencies. These are:
- British Pounds
- US dollars
- New Zealand dollars
- Australian dollars
Access Your Account Online
You can log into your Travelex Cash Passport Mastercard account online at any time to manage your account. You can check your transaction history and view your balance. You can also amend your personal details or even change your PIN while you’re logged in.
A re-loading fee applies whenever you add cash to your account. This fee is set at 1.1% of the amount you load. At some outlets, a minimum reload fee of $15 applies, so the fee will be calculated as 1.1% unless this amount is lower than $15.
If you reload your card via BPAY a fee of 1% of the transaction amount will apply.
ATM Withdrawal Fees
Travelex Cash Passport Mastercard Debit cards feature fixed cost withdrawal fees. Fees also apply for withdrawing cash over the counter at Travelex outlets. These are set as follows:
|ATM Fee Charged||£1.50||$2.25||€2.20||$3.75||$4.00|
|Over-the Counter Fee||£0.00||$8.25||€6.00||$10.00||$12.00|
If you have funds remaining on your debit card after you’ve returned from your travels, you may need to consider whether you want to withdraw them or not. You can leave those funds there for up to 12 months, which is ideal if you intend to travel again in the near future.
However, you may be charged inactivity fees if your card remains unused for more than 12 months. The activity fee will be charged every month after this time until you deposit more funds or until you use your card to make a purchase. You can avoid this fee by closing your account if you don’t intend to use it again.
Applying for the Travelex Cash Passport Mastercard Debit Card
You’re able to purchase your Mastercard Debit card from any Travelex outlet or any Australia Post outlet around Australia. Cards are also available from Flight Centre and Harvey World Travel.
Alternatively, you can purchase your card using the convenient online application form. It should only take a few minutes to complete your application. You can load the money you want onto your account and once your card is activated you can use it anywhere in the world.