Hey Guys,
We have a trip to the US coming up and think it would be good to buy some USD early incase the AUD tanks.
Does anyone know of a good card where i can buy USD at a good rate but hold and spend the money when we go overseas?
Most travel cards are giving me garbage rates and Transferwise isn't issuing cards yet. I tried Citibank for my last trip but it was so slow to transfer money and have it show up in your account took forever.
Any help is appreciated.
Thanks
What if aud tanks ? What if anything can happen at any time. Seriously not really an argument one way or the other.
Currency cards are all useless these days.
either bring cash or withdrawal it there.
Not really.. It' s highly beneficial to use HSBC Global Currency Debit Card with USD when in the US. You pay with your preloaded USD and can use ATM's just fine. No fees.
I find UAE Exchange (aka Unimoni) offers the best rates in WA. Based on your location, they are located in NSW too. Stay away from doing it on Saturdays, Sundays and Mondays as these days offers the worst exchange rates probably due to the weekend.
how much we talking, if < 5k just keep it as cash
Just use your own credit cards - maybe get some cash first from bank - travel cards are just a rip off!
Cash sounds like the right answer but trying to avoid carrying it around in case of loss/theft.
I could see the Australian dollar going to 50c USD but much less likely going to 90c USD.
I was in a position a few years ago where this happened within a few months so just being cautious.
keep it in your undies, if someone wants to touches there then you had a good time anyway
wise words uncle
Just use card over there. Cash is only useful for tipping.
Did you use a Citibank travel card or something like their Global Currency Account? The latter is a bank account that lets you move money between currencies when it suits you (or the exchange rate suits you). You can then set the default currency and use the card overseas with minimal ATM and exchange fees.
I use a credit card which doesn't charge foreign exchange fees. This saves money on purchases, but doesn't require you to guess the exchange rate some time in the future.
Let's be honest, in the current economy with Trump/China/Aus election/RBA looking at reducing rates, no-one really knows where the market/currencies are going.
I just came back from the US, I had my 28 degrees card and also had about 3/4 what i expected i'ld need in cash. This way i wasn't too concerned about the movements while i was away/in the lead-up.
Aud is tumbling atm
I have some USD in cash which im looking to sell.
what if the USD tanks?
seriously. just get it over there from an ATM.