Cash Passport to revamp multi-currency card
Cash Passport introduces instant card-to-card transfers and a new supported foreign currency.
Cash Passport has announced that it will be making some changes to the way you can spend with its Multi-currency prepaid travel card. As of 30 November 2016, cardholders will be able to make instant transfers to other Cash Passport holders both with either Australian or New Zealand-issued cards.
If you want to transfer between two Australian Cash Passports, you can do so from any currency supported on your card for free. This could come in handy if you're travelling with a partner or family member and are sharing a travel budget or need to repay anyone for costs while you're on holiday. When you transfer between Australian-issued and New Zealand-issued Mastercards, you can also transfer between any of the supported currencies, though a fee will apply and will vary according to the currency you're transferring:
Just in case you're feeling especially generous, you can transfer up to a maximum of AUD$20,000 every 24 hours.
To transfer between Cash Passports, all you need to do is go into "My Account" and follow the prompts to conduct a transfer. Keep in mind you'll need the card number and details of the account you'd like to make the transfer to beforehand.
As well as this new feature, Cash Passport has also added a new foreign currency to its lineup. In addition to the other 10 supported currencies, you can now load the card with United Arab Emirates Dirham (AED). The Cash Passport is now one of five prepaid travel cards, including the Qantas Cash Card, Flight Centre Key to the World card, ANZ Travel Card and Travelex Cash Passport, that offers AED.
This is one of a few changes the Cash Passport has made to its popular travel card product, including the removal of the foreign currency conversion fee earlier this year. See our review of the Multi-currency Cash Passport for more information.