If you’re a frequent traveller, you’ll know that paying for goods and services overseas can quickly add up with all those pesky fees associated with international transactions.
Mastercard’s Cash Passport Platinum pre-paid travel money card can help you avoid those international transaction fees and unpredictable currency fluctuations by locking in exchange rates+ and keeping your foreign currency on hand – here’s how it works.
This article is sponsored by Mastercard Prepaid Management Services Australia Pty Ltd
Cash Passport Platinum Mastercard allows you to conveniently load up to 11 different currencies on a single card, so that you can easily manage your money when away from home. You can use it for online shopping, or to pay directly for goods and services at merchants who accept Mastercard. You can also withdraw local currency from ATMs displaying the Mastercard acceptance mark.
When you load your Cash Passport Platinum Mastercard with a currency, and then make a transaction in that currency, you won’t be charged any currency conversion fees like a standard credit card, saving you money and letting you get more out of your trip.
Not only do you save money on fees, you also get peace of mind with the locked-in exchange rate so that you know exactly how much you’re spending.
If you like to shop on overseas online sites, you can also use Cash Passport Platinum to avoid international transaction fees on your favourite international retailers.
Easy to manage
Cash Passport Platinum Mastercard is managed through a simple app where you can easily check your balance, top up your currencies and transfer between different currencies.
There’s no card issue fee or initial load fee when applying and performing your first load online, and you can continue to reload for free using the bank transfer load option. Combined with no fees for inactivity, the Cash Passport Platinum Mastercard is a great way to keep foreign currencies readily available for your next trip or even when you’re not travelling to avoid being stung by overseas transaction fees.
Convenience and security
Being able to transact in the local currency without international transaction fees gives you the convenience of cash but with the security of a card backed by Mastercard. Unlike cash, your card can be replaced while overseas (emergency cash can also be arranged when necessary), giving you peace of mind while you’re away from home.
Cash Passport Platinum Mastercard is also backed by Mastercard’s Zero Liability guarantee~, which protects you against any unauthorised transactions when your card is lost or stolen.
Free global Wi-Fi
Your Cash Passport Platinum Mastercard also gives you three month’s access to Boingo’s global network of 1.4 million Wi-Fi hotspots^, and you can get an additional three month’s access every time you reload at least AUD$100 or foreign currency equivalent. With hotspots throughout many airports, hotels and public areas in 100 countries, you won’t be caught out when you need to get online overseas.
If you’re looking to purchase US dollars, Cash Passport Platinum has launched its biggest ever USD rate sale, which could help you save even more – but keep in mind that this limited-time deal is only available until 11:59PM on 13 December 2018.
For those not buying US dollars, there’s an AUD$50 bonus for when you load the equivalent of AUD$1,000 or more on your card before 11:59PM on 31 December 2018. Check the Cash Passport Platinum website for additional terms and conditions on any offers.
How to get your card
Getting your Cash Passport Platinum is easy – order your card online by verifying your identity, pay for your initial load, and within 3 business days your Cash Passport Platinum Mastercard will be dispatched to your address via Express Post.
Sign up for the card here.
+Lock in your exchange rates means the exchange rate is locked in for the initial load only. The exchange rates for subsequent reloads will be set at the prevailing exchange rate at the time of the transaction.
~ Subject to any requirements of the ePayments Code. For futher information on Mastercard’s Zero Liability Guarantee, please refer to https://www.mastercard.com.au/en-au/consumers/features-benefits/safety-and-security/zero-liability.html
^Free wifi is available through Boingo for three months following an eligible load. Customers must register online to receive this service. After starting a new 3 month membership, another eligible reload during this period will make you eligible for an additional 3 month membership once the active one expires.