Straddling the categories of “would I actually use this” and “this is really cool,” a new prepaid debit card has the ability to hold five different currencies on it at once.
The Multi-Currency Cash Passport is aimed at Frequent Travelers who prefer a debit card, but not the risk of losing a card tied to their bank account, and offers the ability to hold:
- British Pounds (GBP)
- Euros (EUR)
- Canadian Dollars (CAD)
- Australian Dollars (AUD)
- Japanese Yen (JPY)
The card also comes with stripe AND chip technology, which is great for automated machines in other countries, and works at an ATM. You can also transfer money back and forth between currencies.
I personally prefer not to use debit cards at all, and rely heavily on my Chase Hyatt Chip-Based card for international travel, but I see this card as very useful for travelers like my mom, who prefer to use cash. This makes using a debit card less risky, and since you can “trade” the money back in for US dollars electronically, it removes the step of having to go to the bank to exchange money.
What do you think about this new card? Would you use it?