Numerous cards from various institutions offer different features. We want to make the search easier by reviewing this card.
Are you considering the Bidvest Bank World Currency Card? Here is everything you may want to know. We’ve covered what it entails and offers in this comprehensive review.
Features of the Bidvest Bank World Currency Card
If you’re a globetrotter or love the convenience of hassle-free travel, the Bidvest Bank World Currency Card is a great companion. This card offers many features to help make your travels smooth and secure.
Imagine having up to 17 different currencies on one card! This means no more juggling multiple cards or worrying about exchange rates. When loading it with cash, the card locks in your exchange rate, so you always know exactly what you’re spending.
Secondly, the card is ideal for making purchases anywhere Mastercard is accepted. And the best thing? You can pay for your purchases or any other transaction online using the mobile app.
Security is also a top priority for this card. It has features like chip and PIN protection to ensure secure transactions. Also, you can easily block and unblock your card through the handy mobile app if it gets lost.
The mobile app also lets you check balances, reload your card, and manage your spending across different currencies. With worldwide acceptance and no transaction fees on purchases made with the card, the Bidvest Bank World Currency Card is an incredible travel buddy.
How Does the Bidvest Bank World Currency Card Work?
The Bidvest Bank World Currency Card is a versatile prepaid travel card that simplifies international spending.
First, you load the card with your desired amount in your home currency, up to R1 million a year. This amount is then converted to any of the supported currencies at a fixed exchange rate. There are no surprises with fluctuating rates when you spend abroad.
Using the card is also a breeze. Whether dining in Paris, shopping in Tokyo, or withdrawing cash from an ATM in New York, the card automatically uses the local currency if you’ve preloaded it.
If you run out of funds in one currency, they seamlessly pull from your other balances. However, you should note that a currency conversion rate applies whenever a transaction requires a currency conversion.
The best thing about the card is that you can use it on the go. The app lets you reload, monitor your spending, and transfer money.
Pros and Cons of Bidvest Bank World Currency Card
The Bidvest Bank card is the perfect fit for travelers and international shoppers. It has several features that give it an upper hand over the competition. However, it is also not free of shortcomings.
Here is what we mean:
Benefits of the Bidvest Bank World Currency Card
If you add this card to your list of cards, here is what you get.
- Global Support: It boasts an active customer support center that is available anytime, no matter where you travel.
- Contactless Card Functionality: This makes payments easy for point-of-sale purchases.
- Peace of mind: Card users can buy a cover against theft and damage on purchases for at most 90 days after purchases. Additionally, they get ATM robbery insurance.
Cons of the Bidvest Bank World Currency Card
Now, what attributes of this Bidvest Bank card are not as attractive?
- It’s a prepaid card: Before using it, you must preload it with the desired amount. This is unlike credit cards, which allow you to use money you don’t have.
Rates and Fees of the Bidvest Bank World Currency Card
You’ll incur the following fees and rates for using the Bidvest Bank World Currency Card:
First is the card activation fee. This is usually R160.00, including VAT.
There is also an administration fee of R107.00 + VAT.
The commission fee is usually 2.2% (min R72.00 + VAT), while the currency conversion rate is 4%.
Lastly, there is a purse-to-purse transfer margin of 4%.
Eligibility Criteria and Requirements
To qualify for this Bidvest card, you must be a South African over 16 years old. If you are younger than that, a parent’s signature is required.
From here, you only need to apply for the card and load it with money once it is approved. You can then use it whenever you travel or shop internationally.
How to Apply for the Bidvest Bank World Currency Card
The application process is easy. Visit the Bidvest Bank World Currency Card website and look for the “Apply Now” button. Click this button to start the process and provide your personal information and documents as requested.
You can apply for this Bidvest card up to 60 days before you start your trip.
Conclusion
If you are looking for an alternative for your debit or credit cards, the Bidvest Bank World Currency Card is an option. Since it’s not a credit card, you don’t incur interest charges when making purchases. This makes it a cheaper way to travel or shop.
Therefore, as long as you have the required cash to reload the card, you can enjoy all its features. If this appeals to you, apply for the card.
