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My Travel Cash Card
Comments
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The link; Today's Retail Currency Exchange Rates have nothing to do with the Globe card....and you most certainly did not make a dummy purchase of the Globe card.
Since MTC already charge around 3.5% for the conversion, you have to consider that a charge when you make a purchase. You get 1% Cashback on to your account, so that makes 2.5%. Kalixa charges nothing in this case and the Globe card 0.99% to 1.49%.
Slow down, in your haste you are making too many mistakes.
I know which cards are the best value for money. Right now, it's more a matter of you not confusing yourself and others with erroneous figures and statements.
Not a criticism, as we are all learning. But you are skipping over the T&Cs in your haste to post.
All of the cards have their caveats, but for best overall value the MTC is not quite there.
I appreciate what you are saying, but the rate is locked in at the time of purchase of a prepaid card. There simply is no further currency conversion to make as the dollars are locked to the card at the time of card purchase.
Therefore, $100 spent it $100 spend. No further currency exchange charges apply as the card is already loaded with dollars from the time of purchase at the rate at that time.0 -
I appreciate what you are saying, but the rate is locked in at the time of purchase of a prepaid card. There simply is no further currency conversion to make as the dollars are locked to the card at the time of card purchase.
Therefore, $100 spent it $100 spend. No further currency exchange charges apply as the card is already loaded with dollars from the time of purchase at the rate at that time.
Again, slow down. You are completely missing what you have been told by a least a couple of members here.
Again, the link is here: Cash Passport Globe. The card is denominated in Pounds, not in Dollars.
Do you see the word Globe anywhere within your screenshot? :beer:0 -
:beer:
You are 'missing' the choosing of the Globe card.
Did you click through my link or follow the instruction to get to the Globe card?Again, slow down. You are completely missing what you have been told by a least a couple of members here.
Again, the link is here: Cash Passport Globe. The card is denominated in Pounds, not in Dollars.
Do you see the word Globe anywhere within your screenshot? :beer:
No, I understand, I have been playing with the Globe and the prepaid dollar card...
But assuming I purchase £100 on the UK Globe card and then whipped over to NY and spent it today, I would be charged today's rate - which from their site say $1.5425 (or you say $1.579799) plus a 2.75% fee whereas I would not be charged any fee from the MTC, Caxton or Kalixa Card.
Anyway, I am clearly struggling to understand a simple prepaid card that says x pounds in equals y dollars out so I'll guess I'll just go and lie down for a while
Thanks for all your help...0 -
But assuming I purchase £100 on the UK Globe card and then whipped over to NY and spend it, I would be charged today's rate - which from their site say $1.5425 (or you say $1.579799) plus a 2.75% fee whereas I would not be charged any fee from the MTC, Caxton or Kalixa Card.
No. With any debit, credit, or prepaid card, when you spend money on it that's in a different currency to the card's currency, the card network (i.e. Visa or Mastercard) handles the currency conversion*. Their base exchange rate is generally very close to wholesale market rates, but the card provider can choose to add a loading to this rate. In the case of the Globe card, no loading is applied, but a 1.49% fee is charged. I don't know where you've got this 2.75% charge from.
The exchange rates on TravelEx's website are irrelevant to the Globe card because those rates are for people changing money with TravelEx.
*caveat: there is also an option ("Dynamic Currency Conversion") to let retailers charge you in the card's own currency, but you should generally avoid this and always pay in the local currencyLet's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
No, I understand, I have been playing with the Globe and the prepaid dollar card...
But assuming I purchase £100 on the UK Globe card and then whipped over to NY and spend it, I would be charged today's rate - which from their site say $1.5425 (or you say $1.579799) plus a 2.75% fee whereas I would not be charged any fee from the MTC, Caxton or Kalixa Card.
Anyway, I am clearly struggling to understand a simple prepaid card that says x pounds in equals y dollars out so I'll guess I'll just go and lie down for a while
Thanks for all your help...
You are quite right....so perhaps you should just take the word of someone who does.
Cash Passport Globe: The rate for the 8th is what I told you(US$1.579799), you are confusing yourself and others by looking at a completely unrelated webpage and quoting figures from it)
There is no 2.75% fee as you now claim(now that is a bit annoying). The fee is 1.49%, which would bring the rate that you get for both cash withdrawals and purchases to US$1.55626.
That is it. Simple isn't it?
If you purchase via the Cashback website and then choose the GLOBE card, you will get back 0.5% of your initial load.
Thank goodness someone else has jumped on to help....my blood sugar was running low.
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No. With any debit, credit, or prepaid card, when you spend money on it that's in a different currency to the card's currency, the card network (i.e. Visa or Mastercard) handles the currency conversion*. Their base exchange rate is generally very close to wholesale market rates, but the card provider can choose to add a loading to this rate. In the case of the Globe card, no loading is applied, but a 1.49% fee is charged. I don't know where you've got this 2.75% charge from.
The exchange rates on TravelEx's website are irrelevant to the Globe card because those rates are for people changing money with TravelEx.
*caveat: there is also an option ("Dynamic Currency Conversion") to let retailers charge you in the card's own currency, but you should generally avoid this and always pay in the local currency
Again, for the MTC, Caxton or Kalixa, there is no currency conversion as they are already in prepaid dollars. (This has been clear since the beginning of the thread.)
The Globe charge will charge 1.49% as I stated all along and you get whatever the current and prevailing exchange rate is rather than a locked in rate with the others. (sorry about the 2.75% - just a typo - my first, I might add).
Cheers!0 -
Again, for the MTC, Caxton or Kalixa, there is no currency conversion as they are already in prepaid dollars. (This has been clear since the beginning of the thread.)
The Globe charge will charge 1.49% as I stated all along and you get whatever the current and prevailing exchange rate is rather than a locked in rate with the others. (sorry about the 2.75% - just a typo - my first, I might add).
Cheers!
Correct - the point being that 1.49% is less than the mark-up on the exchange rate that you get when you purchase or top up an MTC or Caxton US dollar card. I thought the Kalixa card was in Sterling, like the Globe card, but I may be wrong.Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
Again, for the MTC, Caxton or Kalixa, there is no currency conversion as they are already in prepaid dollars. (This has been clear since the beginning of the thread.)
The Globe charge will charge 1.49% as I stated all along and you get whatever the current and prevailing exchange rate is rather than a locked in rate with the others. (sorry about the 2.75% - just a typo - my first, I might add).
Cheers!
Hmmmm.... where have you seen that the Kalixa in denominated in US$?
Your typographical errors are the last thing about which you need to worry.0 -
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