Travel Money Card Finder™

Rates and Fees verified correct on May 30th, 2016

A prepaid travel money card has become the travel money product for Australians heading overseas.

Now there are cards that let you load and spend in multiple foreign currencies. The advantage being you can spend overseas without paying a fee for currency conversion. And due to the increasingly popularity of travel money cards, the number of products available to use is on the rise.

And why wouldn’t travel money cards be popular? Up until now, if you wanted to spend money overseas — whether shopping online or while on holiday — additional fees and charges were part of the territory.

Do you want to use a travel money card to use on your next holiday, but don’t know where to start looking? Our guide on the different types of travel money cards will help you in your search for the right product.

ANZ Travel Card

ANZ Travel Card

The ANZ Travel Card is a prepaid card that can be loaded with up to 10 foreign currencies to make purchases overseas at over 36 million locations.

  • Lock in your exchange rates and know how much money you have to spend
  • No transaction fees for electronic purchases in Australia and overseas
  • Multiple reload options - online, over the phone or in person
  • Manage your money online or over phone 24/7
  • Spare card if in case one is lost or stolen

    Compare travel cards

    Rates last updated May 30th, 2016
    Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
    ANZ Travel Card
    ANZ Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, AUD 3.50, CAD 3.00, EUR 2.20, GBP 2.00, HKD 20.00, JPY 260, NZD 4.50, SGD 4.00, THB 95, USD 2.50 1.1% of the value purchased $0 Go to site More
    NAB Traveller Card
    NAB Traveller Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $0 per withdrawal on international ATMs and $3.75 per withdrawal at any Australian ATMs $0 $0 Go to site More
    Multi Currency Cash Passport
    Multi Currency Cash Passport
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $0 for International ATM withdrawal and 2.95% of the amount withdrawn in Australia $0 $0 Go to site More
    Travelex Travel Card
    Travelex Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD Travelex does not charge an ATM withdrawal fee when you use your Travelex Multi-currency Cash Passport to withdraw currencies that are loaded on the card at overseas ATMs where MasterCard is accepted. The greater of 1.1% of the initial load / reload amount or AU$15.00 $0 Go to site More
    Rates last updated May 30th, 2016
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    Bankwest Qantas Platinum MasterCard
    Earn 8,000 Bonus Qantas Points. Included travel and accident insurance and payment protection. No foreign transaction fees on online or overseas spend.
    20.49% p.a. 2.99% p.a. for 9 months $160 p.a. Go to site More info
    Bankwest Zero Platinum MasterCard
    An introductory offer on balance transfers with $0 annual fee. Complimentary travel insurance & 24/7 Concierge service and $0 foreign transaction fees.
    17.99% p.a. 2.99% p.a. for 9 months $0 p.a. Go to site More info
    Coles Rewards Mastercard
    Earn 2 flybuys points for every $1 spent and no foreign transaction fees for online purchases and overseas trips.
    19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
    28 Degrees Platinum MasterCard
    Benefit from no international transaction fees on purchases, no currency conversion fees and no annual fee.
    21.99% p.a. $0 p.a. Go to site More info
    Bankwest Qantas Gold MasterCard
    Earn more points with the Qantas Frequent Flyer rewards program when you make eligible purchases and also get the chance to receive 4,000 bonus Qantas Points when you sign up, plus stay protected with a comprehensive travel insurance.
    20.49% p.a. 2.99% p.a. for 9 months $150 p.a. Go to site More info
    Bankwest More Platinum Mastercard
    $0 foreign transaction fees and complimentary insurance cover.
    19.99% p.a. 2.99% p.a. for 9 months $130 p.a. Go to site More info
    Rates last updated May 30th, 2016
    Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
    Citibank Plus Everyday Account
    Enjoy 5% cash back on Visa payWave purchases (conditions apply).
    Free international money transfers and free overseas Citibank ATM withdrawals.
    Visa $0 $0 No ATM fees using Citibank, Westpac, BankSA and St.George branded ATMs in Australia. Use overseas Citibank ATMs for free. Open More
    Westpac Choice
    Pay no ATM withdrawal fee at eligible ATMs overseas.
    Mastercard $0 $2,000 No ATM fees when using St.George, Westpac, BankSA or Bank of Melbourne ATMs in Australia. Deposit at least $2,000 per month and enjoy no monthly service fee. Open More
    Bankwest Platinum Debit MasterCard
    Earn points on your balances and every time you use your debit card. Plus no overseas ATM withdrawal fees
    Mastercard $0 $4,000 No overseas ATM fees charged by Bankwest, No monthly account fee when you deposit at least $4,000 per month. Open More
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    How do prepaid travel cards work?

    A travel money card is a convenient way to access your travel cash while you’re on holiday. There are three main types of travel cards available in Australia: prepaid travel cards, credit cards and debit cards. This guide focuses on prepaid travel cards and their benefits.

     Prepaid travel cards

    How it works: Prepaid travel cards let you lock-in exchange rates before you travel. This type of travel card allows you to budget more effectively, by knowing exactly what exchange rate you have secured and how much money you have on the card.

    Why you should consider a prepaid travel card.

    • Lock-in exchange rates. Preload and secure your exchange rate before you travel
    • Multiple currencies. Load up to 10 popular currencies for with prepaid cards
    • Less fees.
        • Avoid fees for currency conversion
        • Avoid fees for ATM withdrawals

    Things to consider when choosing a prepaid travel card.

    • Currency availability. If you are travelling to multiple destinations, some of your currencies might not be supported
    • Lower exchange rates. Lock-in exchange rate from the bank is lower compared to physical foreign exchange (cash) and credit cards
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    What additional benefits come with prepaid travel cards?

    There are a number of different prepaid travel cards on the market. They can be broken down into the following categories.

    Prepaid travel cards with frequent flyer points.

    The Qantas Cash travel money card allows you to earn Qantas Points when you use the card to make an eligible purchase. The Global Wallet from Velocity, functions in the same way, only rewarding you with Velocity Points instead of Qantas Points.

    Points are reward for eligible purchases, which are your everyday type of transaction, you won’t earn points on cash transactions like ATM withdrawals.

    These cards couple the convenience of being able to spend without international fees with rewards points earning. There are other products on the market that offer rewards and frequent flyer points when you spend, but these cards also attract currency conversion fees, which negate any real value of rewards or frequent flyer points.

    Rates last updated May 30th, 2016
    Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
    Qantas Card with Qantas Cash
    Qantas Card with Qantas Cash
    AUD, AED, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD AUD 1.95, CAD 2.00, EUR 1.50, GBP 1.25, HKD 15.00, JPY 160, NZD 2.50, SGD 2.50, USD 1.95, THB 70.00, AED 6.50 $0 $0 More
    Velocity Global Wallet Card
    Velocity Global Wallet Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, ZAR AUD 0.00, CAD 2.00, EUR 1.50, GBP 1.25, HKD 15.00, JPY 160, NZD 2.50, SGD 2.50, THB 60, USD 1.95, ZAR 20, Other than above: AUD 2.95 $0 $0 More
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    How to compare prepaid travel money cards


    The main fees to look out for include:

    • Initial load fee. Depending on the card, you might be charged a fee (such as a percentage of the loading amount) when you first load funds on the card.
    • Reload fees. If the card doesn't charge an initial load fee, it may charge another fee each time you load funds on the card. If this is the case, you might want to reconsider how often you reload the card.
    • ATM withdrawal fees. Some cards will charge a different ATM withdrawal fee depending on where you're withdrawing your cash. If the bank provider belongs to an ATM alliance, you might be able to avoid ATM withdrawal fees. It's also important to note that local ATM fees may still apply.
    • Inactivity fee. An inactivity fee is charged if you don’t use the card (usually after 12 months) and there’s money remaining on the account.
    • Currency conversion fees. Charged when you complete a purchase overseas.


    When comparing travel money cards to find the right one for you, check the available currencies on the card. Find a card that will allow you to load the currencies of the places you plan to visit. If you spend on a currency not loaded onto the card, you will be charged for currency conversion. Remember that each type of travel card has its own pros and cons to accessing currencies, so travellers often take a combination of prepaid, credit and debit cards for convenience.

    Exchange rate

    In terms of receiving the best exchange rate you can either pre-load currency or withdraw when you arrive at your destination.

    • Prepaid travel cards. Allow you to pre-load and secure your currency. Whilst the exchange rate may be considerably lower than the market rate, you are safeguarding yourself from receiving a worse exchange rate closer to your trip.
    • Credit and debit cards. Provides you with the exchange rate provided by the card network (MasterCard, Visa) when you withdraw. This exchange rate is much closer to the market rate compared to prepaid travel card rates. To find out the exchange rate provided by your network on the day, simply google the "network + exchange rate" e.g. MasterCard exchange rate.
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    Pros and cons of prepaid travel money cards


    • Spend like a local. Prepaid travel cards allow you to preload multiple foreign currencies onto the card at a time. Spend in a currency loaded onto the card and you avoid a fee for currency conversion.
    • Backup card. Designed specifically for travel (and the mishaps that happen when you’re travelling), prepaid travel cards come with a backup in case the first card is lost or stolen.
    • Manage your travel budget. Reload the card when you need funds. The exchange rate is locked in. This protects you from movements in the exchange rate and also allows you to budget down to the last dollar.


    • Travel card fees. As convenient as these accounts are, they do come with fees and charges. Fees are charged when the card is first issued, when you first load the account with funds or when you reload the card with funds. Inactivity fees and ATM fees are also common among different travel money cards.
    • Exchange rates. It’s worth having a look at the exchange rates offered through travel card products. Often, travel card issuers will have a different exchange rate for travel cards.
    • Reloading time. Typically, BPAY is the easiest way to reload your account with funds. BPAY transactions can take up to three business days for the transaction to process. It can take up to six days for the funds to clear in your account when you factor in Australian bank holidays and weekends.
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    Frequently asked questions about prepaid travel money cards

    What's the best travel money card?

    This all depends on where you're going and how you plan to spend. In some destinations, you can use your plastic like you would in Australia. In other places, cash is king — so ATM withdrawals fees will factor into your comparison. Compare travel money cards to find the best one for your holiday.

    How do I load funds onto my travel card?

    This will depend on the card itself, however, BPAY is generally an accepted method for reloading your travel card with funds. Some cards use different systems, however, the card can be reloaded through your online banking facility. Make sure you can get internet access while you’re travelling.

    What is a currency conversion fee?

    A currency conversion fee is an additional charge (expressed as a percentage of the total value of the transaction — usually about 3.00%) which is applied when you make a purchase or withdrawal in a currency which is not loaded onto the card.

    Travel cards have a ‘default currency order’. This is the order available currencies will be debited from your account if you do not have the currency of the transaction.

    How do I use my travel money card?

    When you want to use your travel money card to make a purchase or withdrawal, press ‘credit’ when you want to complete the transaction. Travel cards use the Visa and MasterCard international payment networks and are accepted in most places where Visa and MasterCard are accepted.

    Will an inactivity fee be charged if I do not have any money left on my card?

    Some of these accounts will charge you a fee if your account is inactive for a period of time. A monthly charge will deduct the remaining balance on the card until the account has no funds remaining. Inactivity fees are listed within our travel card comparison and reviews.

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    This page was last modified on 27 May 2016 at 16:08.

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    31 Responses to Travel Money Card Finder™

    1. Default Gravatar
      Robert | May 22, 2016

      I am travelling to South America – Brazil, Peru, Argentina and Chile. If I get a Travel Card from a bank eg ANZ is it better to have it in Australian dollars and simple get the conversion done in each of the different currencies when used in that particular country?


      • Staff
        Sally | May 23, 2016

        Hi Robert,

        Thanks for your question.

        Unfortunately, no Australian prepaid travel cards currently support South American currencies. Unfortunately, this means that you’ll be charged a currency conversion fee if you use a prepaid card with Australian dollars on it during your travels through South America.

        Instead, you might want to consider a travel card that doesn’t charge a currency conversion fee, such as the Commonwealth Bank Travel Money Card or the Qantas Cash card.

        Instead, you might like to consider a debit card or credit card with low or no foreign currency conversion fees.

        For more travel money tips, please see our South American Travel Money guide.

        I hope this has helped.



    2. Default Gravatar
      sean | May 12, 2016

      Hi Im travelling to Bali and Dubai? What travel cards can I avail of? Do ANZ offer a card?

    3. Default Gravatar
      Pete | April 29, 2016

      Good evening,

      I am traveling to Vietnam and the research I’ve done states that only CommBank offers VND loaded to their Travel Money Cards.
      Just wondering if you could please confirm this as truth or if I am incorrect – if being the case, what other institutions offer VND with their Travel Money Cards?

      Thank you.

      • Staff
        Sally | May 2, 2016

        Hi Pete,

        Thanks for your question.

        Yes, that’s correct. At the current time, the Commonwealth Bank Travel Money card is the only travel money card that offers VND.



    4. Default Gravatar
      Marie | April 21, 2016

      Hi, we are going to Europe mainly Greece and also travelling to UAE and was wondering what currencies to load up on the prepaid travel card.

      • Staff
        Sally | April 22, 2016

        Hi Marie,

        Thanks for your question.

        Currently, the currency of Greece is the Euro. Most Australian travel money cards accept Euros, so you should have no trouble getting a card you can use there. Unfortunately, the United States Emirates dirham isn’t supported by any Australian travel cards at the moment. So if you want to use a single travel card for both trips, you might need to consider one that doesn’t charge currency conversion fees if you’re spending in an unsupported currency.

        Currently, the Commonwealth Bank Travel Money Card and Qantas Cash card are the only two cards that don’t charge currency conversion fees.

        I hope this has helped.



    5. Default Gravatar
      Jean | March 31, 2016


      • Staff
        Sally | April 1, 2016

        Hi Jean,

        Thanks for your question.

        You can only load Australian travel money cards with Australian dollars, which you can then transfer to different currencies. So your friend would need to exchange her GBP for AUD which she could then load on to an Australian travel card.

        If she’s unable to find a travel money card that supports Australian dollars from a Post Office, your friend might need to contact some local banks and see if there are any UK-based cards travel money cards that will allow her to load GBP and transfer them to AUD for her trip.

        I hope this has helped.



    6. Default Gravatar
      Scott | January 28, 2016

      Hi, I was wondering what type of card I can use in the Philippines?


      • Staff
        Sally | January 29, 2016

        Hi Scott,

        Thanks for your question.

        You can begin comparing your options using our South East Asia Travel Money guide.

        The most suitable card to use will depend on your financial situation, your spending habits and travel plans. As no prepaid travel cards support Philippine peso, you might want to consider one that doesn’t charge currency conversion fees. Otherwise, you might want to consider a debit card or credit card that also doesn’t charge foreign transaction or currency conversion fees to save you from those additional costs.

        It’s always a good idea to organise more than one travel money option. Whether you want to use a credit card for large or emergency purchases and either a debit card or prepaid card and cash for everyday costs, it’s smart to have a backup.

        I hope this has helped.



    7. Default Gravatar
      Zoe | November 4, 2015

      Hi, I am in a tricky situation as I need a travel card for my child, who will be 14 at the time of travel. The travel is to China.

      Many of the travel cards can only be issued to people over the age of 16, which is no good for us.

      I did find the Auspost Load and Go China travel card, but the information on it was not easy to find. Do you know anything about this product or any other ideas for a young traveller?


      • Staff
        Sally | November 5, 2015

        Hi Zoe,

        Thanks for your question.

        Yes, most Australian travel money cards require cardholders to be at least 16 or older, including the Load&Go cards.

        You can see our review for the Load&Go China travel card here. The Load&Go China Card can be purchased in-store from Australia Post.

        For general tips for prepaid cards for teenagers, please see our guide.

        If your daughter will only be 14 at the time of travelling, you may need to consider other travel money alternatives such as cash or organising an international debit or credit card that she can use as an additional cardholder.

        I hope this has helped.



    8. Default Gravatar
      Peter | June 3, 2015

      My travel card is only loaded with AUD. If I use it for a purchase payment at eg a store or petrol station, will I be charged a transaction fee?

      • Staff
        Elizabeth | June 3, 2015

        Hi Peter,

        Thanks for your question.

        This depends on the card you’re using. Some travel cards won’t charge you a cross-currency conversion fee if the currency you’re paying in is supported by the card, while with others you will have to pay a cross-currency conversion fee as well as the foreign exchange rate for the purchase. You can take a look at the review page for your card by clicking on the name of the card to see what fees will apply to your transaction.

        I hope this has helped.



      • Staff
        Sally | June 3, 2015

        Hi Peter,

        Thank you for your question.

        The transaction fee will depend on which travel card you’re using.

        For example, the Australia Post Load&Go charges AUD$0.09 per transaction for purchases made in Australian Dollars, whereas the Qantas Cash card doesn’t charge a transaction fee.

        If you could please confirm which card you’re using, we may be able to provide you with further clarification.

        I hope this has helped answer your question.



      • Default Gravatar
        Peter | June 3, 2015

        Thank you for your reply Elizabeth and Sally,

        My card is a Mastercard issued by CBA. I don’t think that any of the Scandinavian country krona is supported by this travel card.

      • Staff
        Sally | June 3, 2015

        Hi Peter,

        No worries, we’re happy to help.

        You’re correct, the Commonwealth Bank travel card doesn’t support Krona. However, Euros are sometimes accepted throughout Scandinavian countries. So if you load your card with Euros, you will avoid currency conversion fees anywhere that accepts Euro currency. Otherwise, if you try to make a purchase in Krona, you will incur a currency conversion fee of 3% of the transaction amount.

        I hope this has answered your question.



    9. Default Gravatar
      Yvonne | May 21, 2015

      How do I activate a second travel card when the main card wont work. I’ve tried following the instructions and nothing works.

      • Staff
        Sally | May 21, 2015

        Hi Yvonne,

        Thank you for your question.

        There may be a few reasons as to why you are unable to use your travel money card. Some of these include that you haven’t activated your card online, you may not have loaded the funds correctly or the card may be blocked due to incorrect PIN entries. If your card came with a supplementary travel card, you will need to activate it following the same process as your primary card. If you did not receive an additional card, you will need to order a supplementary card from your chosen issuer and then activate it. Please keep in mind that this could incur an additional card fee depending on who your issuer is.

        Before you order an additional card though, you should contact the customer service team. They may be able to confirm why your card isn’t working and can guide you through the activation process.

        I hope this was helpful.



    10. Default Gravatar
      pamela | May 7, 2015

      how do I view statement of my travel account?

      • Staff
        Elizabeth | May 7, 2015

        Hi Pamela,

        Thanks for your question.

        This depends on which card you have, but generally, you’re able to login on the card issuer’s website and view your available balance. You can also get in contact with the card issuer to enquire about your balance. If you click on the name of your card in the table above you can read about the different account management options available on your card.

        I hope this has helped.



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