Managing financial transactions and making deals abroad or in the international market securely can be quite challenging. To overcome such challenges, Dollar Card and Travel Card play a vital role as they help in making your financial transaction easy, secure, convenient and more seamless. However, most people assume Dollar Card and Travel Card to be the same card. They do share similar characteristics, but actually, they are different from one another.

Here, in this blog, we are going to uncover the difference between a Dollar Card and Travel Card. We will also help you find out which you should choose based on your specific needs and requirements.

Let’s go with their definition first.

What is a Dollar Card and a Travel Card?

A Dollar Card is an international payment card which can be used for making payments and purchases in USD currency. It is a prepaid or debit card that works using USD currency for making international transactions.

A Travel Card, also known as a Forex Card, is a prepaid card specially designed for international travelers to use while abroad. It allows you to load a specific amount of money in foreign currency to manage expenses while traveling abroad.

Differences Between Dollar Card and Travel Card

As you know a slight difference, let’s know the detailed difference between Dollar Card and Travel Card.

1. Purpose and Usage

Dollar Card: A flexible card that can be used for international transactions in USD currency, both online and offline . Dollar Card is primarily designed for online payments, subscriptions, and small transactions with vendors worldwide.
Travel Card: This prepaid card, which is specifically made for tourists, lets you load different foreign currencies depending on their destination. It is ideal for traveling abroad because it is a safer option than carrying cash.

2. Currency Flexibility

Dollar Card: Financial transaction is only possible in USD.
Travel Card: Allows you to preload multiple currencies, like USD, EUR, or GBP, so you may avoid frequent currency conversions and lock in exchange rates at the time of loading.

3. Security and Protection

Dollar Card: It has advanced security features like 3D security for safer transactions which give peace of mind for all transactions, including fraud protection.
Travel Card: It provides added security by limiting funds to the loaded amount. In case of accidental loss or theft, a travel card can be immediately blocked.

4. Fees and Charges

Dollar Card: It includes issuance fees, renewable charges and annual fees. The cost can vary depending on financial institutions and banks.
Travel Card: Basically, it has lower fees on the exchange of currency. However, some load or reload fees and withdrawal charges may also apply.

5. Who Should Use Them?

Dollar Card: It is ideal for regular consumers, online shoppers, and everyone who is looking for a simple, secure and easy way of making international payments in USD.
Travel Card: It is perfect for international tourists who are traveling abroad and want to manage their travel expenses without having to worry about volatile exchange rates.

Conclusion

If you are looking to make easy international payments or manage expenses while traveling abroad, your best solution is a Dollar card and a Travel Card respectively. Basically, a Dollar Card is for making payments internationally with USD currency from any country, while a Travel Card is for managing expenses during international travel. Now that you have understood the difference between the two cards, hopefully you can choose wisely which is best suited and applicable to you.

If you are thinking of issuing any of the two cards, you can choose Global IME Bank. Just visit your nearest Global IME Bank branch and get the card in your hand. You can also apply for dollar card online through Digital Universe.