Euro prepaid cards are the perfect choice for thousands of people arranging Euro currency for a trip abroad.
Why get a prepaid Euro card?
Prepaid Euro currency credit cards offer customers a quick, secure and simple way of accessing the foreign currency they require for their Eurozone travel needs. They are currently available from a number of different prepaid currency card issuers (some being established high street names, others being unknown 'challenger brands' who trade purely on the strength of their product offering).
Such a diverse number of brands means there's a bit of work to be done to ensure you get the right product, but given the benefits available it's worth a few minutes of checking what's currently available.
What benefits do prepaid Euro cards offer?
Every Euro prepaid credit card is slightly different, which is why shopping around for the best product is a must, but there are a few common benefits which attract people to the products in general (obviously check the small print with each product, as they can vary in their offering considerably);
Euro prepaid credit cards are loadable accounts. Enabling you to allocate a set budget for holiday spending money. If they do get misplaced or stolen, there is no direct link to your wider financial arrangements (current account etc.) and the risk is capped at what has been loaded, because they do not offer overdraft options.
Prepaid Euro cards can also be reloaded if you need to increase the funds available to you. You can top up (or arrange for a parent or other concerned party to top up) in the event of a crisis or if you've misbudgeted. Euro currency cards are securely protected with a pin in the same way that standard debit cards are.
Currency can be withdrawn at ATMs (albeit, sometime for a small fee) so prepaid euro card holders avoid the traditional search for a bank or foreign exchange business offering good rates (or exchanging them at awful rates with the hotel you happen to be staying in for convenience).
Foreign currency can effectively be bought at set exchange rates, prior to travel, preventing customers from being affected by fluctuations in the international foreign exchange markets. It can also prevent the traditional queue at an airport foreign exchange counter, which can only offer poor rates because they need to cover the ground rent on very expensive retail space.
Euro currency cards are not for everyone
Remember, if you do a reasonable amount of travel beyond Europe, a Euro prepaid card might prove to be a little too restrictive for your needs, and there are great generic travel prepaid credit cards, some of which offer multi-currency use that might be perfect for you. Some non-prepaid credit payment products might also be worth investigating. If you're happy to hold a credit card (which can be very useful when checking into a hotel) then Airmile credit cards can offer great benefits and very high "earn rates" for the cash equivalent value of the rewards, even when compared to a cashback credit card.
If you think you need more information before deciding what's right for you then check out our prepaid card guides, which offers a more in depth analysis of the various prepaid card products able and their different strengths, weaknesses and benefits.