fairfx card for brazil

markg_3

hi,

we're are visiting brazil in a couple of weeks and have been looking into options for a prepaid debit card. deciding the fair fx card offers the best deal we would now like to apply for the card but are a little confused about which currency to apply for, either euros or us dollars?

as brazil's currency is real, does it matter if we apply for the euro card or the us dollar card?... bearing in mind we intend to use this card for future trips around europe.

looking forward to some help!

richardw

Check which banks' machines will accept the card and not add another fee

markg_3

richardw wrote: »

Check which banks' machines will accept the card and not add another fee

the fair fx card is mastercard so it should be accepted in most bank machines. i'm just confused as to which currency to apply for, us dollars or euros?

dzug1

It doesn't matter what currency - you'll be paying two lots of fees/loadings anyway - ££ to the card, card to reals.

As you will be using it in Europe later I'd opt for euros.

Bob_the_Saver

dzug1 wrote: »

It doesn't matter what currency - you'll be paying two lots of fees/loadings anyway - ££ to the card, card to reals.

As you will be using it in Europe later I'd opt for euros.

The FX card once loaded allows you to draw money out in a different currency at the wholesale rate without a further loading. (Don't know about other pre-paid cards)

FROM THEIR FAQ

Q. Can I use the FairFX Currency Card in countries where Euros and Dollars are not the local currency? If so what exchange rate would I get? What percentage would I pay in commission and what other fees would apply for each purchase or ATM withdrawal?

A. The Euro and Dollar FairFX Currency cards can be used anywhere in the world or to spend in any currency wherever there is a MasterCard® acceptance mark, including shops, restaurants, online or on the telephone. If you were to use the cards in a country where Euros or Dollars are not the local currency, the exchange rate would be the wholesale MasterCard® market rate. FairFX do not take any further commissions or fees when you do this. Accordingly, the FairFX Currency cards represent fantastic value for use in any currency. If you are withdrawing currency at an ATM the standard FairFX fees apply (€1.50, $2.00), some ATM providers charge for using their cash points however they normally inform you of this before you make a withdrawal.

dzug1

Thanks Bob - was having difficulty finding that bit on their site. This is certainly a much improved product over when it first came out.

(Some) other cards DO make a charge - maybe not very much, usually the standard 2.75%.

Bob_the_Saver

dzug1 wrote: »

Thanks Bob - was having difficulty finding that bit on their site. This is certainly a much improved product over when it first came out.

(Some) other cards DO make a charge - maybe not very much, usually the standard 2.75%.

2.75% NOT VERY MUCH ... You're obviously not from Yorkshire, thats
a Pint per £100 changed.:beer:

dzug1

Bob_the_Saver wrote: »

2.75% NOT VERY MUCH ... You're obviously not from Yorkshire, thats
a Pint per £100 changed.:beer:

Not very much - in comparison to most methods of exchange that is. Most people (not me or you obviously) pay it without realising the alternatives or even that they have paid. Those who take the COMMISSION FREE ads by the Post Office at face value for example:D