Prepaid travel cards vs credit cards: What’s better abroad?
Compared to credit card, a prepaid forex travel card offers predictable exchange rates and protection against skimming, Moneycontrol report said. Transactions are directly deducted from the loaded currency balance, avoiding the 3-4% markup charged on credit cards. However, prepaid cards may fall short as hotels and car rentals often place security "hold amount", freezing part of balance for days.