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Multi-currency Cards

Compare Prepaid Travel Cards

Prepaid travel cards can be used as payment for goods and services anywhere in the world. They typically offer better exchange rates than standard UK bank cards but still come with full chip-and-pin security and lower charges when used abroad.

See our guide to prepaid travel cards for more information.

To remain impartial these comparisons are ranked solely on the number of reviews each card issuer has received. You may want to compare several cards by clicking on them for full details before you decide which is best for you.

Prepaid Card
FX Fee
ATM Fee
Transaction Fee
Customer Reviews
Order Online
Post Office Travel Money Card
FX Fee: Free
£1.50
£1.50
The Post Office Travel Money Card is a popular choice for Europe. There are no transaction fees but ATM withdrawals will cost you £1.50 each time.
WeSwap Prepaid Card
FX Fee: 1.0%
£1.50
Free
New peer-to-peer approach offering exceptional exchange rates and free ATM withdrawals over £200. Up to 16 different currencies on one card.
ICE PLC Travellers Cashcard
FX Fee: Free
Free
Free
The ICE Travellers Cashcard is a fairly competitive multi-currency that offers 1.5% cashback on qualifying purchases but beware of massive commission charges!
EVEN Card Prepaid MasterCard
FX Fee: Free
Free
Free
The EVEN Card Prepaid MasterCard offers impressive interbank exchange rates on major currencies with no usage fees. A £50 annual fee applies which means you need to use this card often to get best benefits from it.
FairFX Anywhere Card
FX Fee: 1.40%
£1.00 + 1.4%
Free
The FairFX Anywhere Card has one of the lowest FX fees of all the cards we compare. Coupled with competitive exchange rates, this card is great for use anywhere in the world.
Caxton FX Global Traveller
FX Fee: 2.75%
Free
Free
The Caxton FX Global Traveller is a decent card from a well-known and highly competitive provider. There are no fees for purchases and ATM withdrawals overseas but don't use it in the UK.
First Premier Prepaid MasterCard
FX Fee: 2.0%
£1.00
Free
The First Premier Prepaid MasterCard is a fairly competitive card but a monthly charge and £1 ATM withdrawal fee means it's not quite good enough to shout about.
OPTIMUM PAYG Sterling Card
FX Fee: 1.0%
£1.50 + 2%
£1.50 + 2%
With so many fees and charges the OPTIMUM PAYG Sterling Card isn't a serious contender here and better cards can be found elsewhere. *Annual Fee applies for the first year only.
Splash Prepaid Maestro
FX Fee: 1.0%
£1.50 + 2%
2.50%
The Splash Prepaid Maestro is an expensive card to take abroad and has worse fees than many UK credit and debit cards. Look elsewhere for a better deal.
CardOneBanking Prepaid MasterCard
FX Fee: 2.75%
£3 + 2.75%
Free
This card from CardOneBanking is average in terms of fees and charges but a £12.50 monthly fee makes it one of the most expensive prepaid cards we compare and should be avoided.
Tuxedo Travel Sterling Card
FX Fee: Free
£1.50
Free
The Prepaid Travel Sterling Card from Tuxedo is fairly competitive and offers most of the features you would expect. The pricey application fee is offset by adding ten pounds to your balance when you load the card for the first time but don't use this card in the UK to avoid hefty fees.

Prepaid Travel Cards

Prepaid Travel Cards (sometimes called "Multi-currency" or "Sterling" cards) are cheaper and have lower fees than a standard UK bank card when used overseas. Intended as a modern replacement to Travellers Cheques, these popular cards are more secure than paper money or cheques and can be used in all shops, restaurants and ATMs that accept MaterCard or VISA.

Just like standard UK bank cards, prepaid travel cards are made of a durable, high quality plastic that uses chip-and-pin security as standard, giving them the same level of protection as regular credit or debit cards. You cannot go overdrawn with prepaid travel cards as the balance is preloaded in advance onto your card and they are not linked to your bank account in any way - no credit checks are required to apply for one and there are no surprise bills or hidden charges when you return home. Topping up is easy; you can load more funds on to your card at any time by managing your account online or by phone and most cards are free to purchase (a minimum initial top-up of around £50 is usually required).

Prepaid travel cards are suitable for everyone from solo travellers to couples and large families. Some providers allow multiple cards to be liked to the same account and any unspent funds can be redeemed when you return from holiday. Prepaid travel cards lie somewhere between cash and credit / debit cards when it comes to cost-effectiveness. Here are a couple of typical usage examples so you can see how the costs compare:

Aussie Dollars received when spending £100 in a shop or restaurant in Australia*

Aussie Dollars received for £100 from an ATM in Australia*

* Based on data taken on 24/11/14. The cash equivalent was calculated using the AUD rate of 1.7955 offered by Travel FX. The cards we compared were: Moneycorp Explorer Card, Barclays Visa Debit and Barclays Visa Credit.

How do prepaid travel cards work?

Why are prepaid travel cards better than credit or debit cards?

Benefits and limitations

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