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    Hi.

    I'm due to travel to China in June of this year until August of this year. I've decided to go with the Caxton FX Pre-pay card:

    Caxton

    Is there one of better value?

    I'll be applying for the Global Traveller Card of course. What does it exactly mean by "The exchange rate applied is fixed at 2.5% from the prevailing interbank rate."? Does this mean that it will be 2.5% more than the currency rate?

    Thank you for your help.
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    (Original post by Kagutsuchi)
    I'll be applying for the Global Traveller Card of course. What does it exactly mean by "The exchange rate applied is fixed at 2.5% from the prevailing interbank rate."? Does this mean that it will be 2.5% more than the currency rate?

    Thank you for your help.
    No, it'll be 2.5% under the interbank rate. So to work out what you're going to get, take 2.5% away from the rates you see on BBC Breakfast every morning :p:
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    (Original post by JacksterD)
    No, it'll be 2.5% under the interbank rate. So to work out what you're going to get, take 2.5% away from the rates you see on BBC Breakfast every morning :p:
    So is it 2.5% off the rate shown here? :beard:

    Have you heard of any better pre-pay cards? :o:
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    Yeah, say you want £500 of CNY, that'd give you ~5544 CNY. That card would give you 5544 CNY minus 2.5% of 5544, so 5405.40 CNY.

    Only other card I really know of is the Post Office Travel Money Card, but it's only available in £, $ and €.
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    Ah 2 years later and I have the same query as the OP!
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    Credit cards are not widely accepted in China. Make sure you have enough cash.
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    (Original post by TheUbermensche)
    Ah 2 years later and I have the same query as the OP!
    It was a good card - no fuss and worked on all the cash machines I used. They even withdrew excess money at the end of my travels and deposited it back into my bank account. I'm not sure if they still do that though.

    Where are you jetting off to?
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    (Original post by Kagutsuchi)
    It was a good card - no fuss and worked on all the cash machines I used. They even withdrew excess money at the end of my travels and deposited it back into my bank account. I'm not sure if they still do that though.

    Where are you jetting off to?
    I was taken back by the 2.75% mark up (down) exchange rate and it worked out at around £7.50 for each ATM withdrawal- i.e. more than what my debit card would charge.

    I'm currently considering the FAIRFX cashcard which offers the going exchange rate though you have to pay for the card etc.
 
 
 
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