Credit Card And Finance News

Barclays has launched a new card that might prove useful for students travelling overseas.

The pre-pay Travel Money Card is free, can be 'loaded' with money from the equivalent of £100 to £2,500 and is available in British pounds, US dollars or Euros.

It offers students and other users the opportunity to store all their holiday currency in one place.

It should also minimise the risk of theft, as it uses chin and PIN technology and is personalised with the user's name, unique card number and signature.

This means students abroad, often staying in shared accommodation such as youth hostels, will be less at risk of having their holiday money stolen.

Andrew Jones, current and savings account director at Barclays, said: "The Barclays travel card is the most convenient and safest way to carry foreign currency: it's safer than cash and more flexible than travellers' cheques.

"Furthermore it helps holidaymakers budget for the spending on their trip by not allowing them to spend more than the balance on the card.

"The added security features give card holders the peace of mind that their money is protected and with its VISA status it is accepted across the globe."

The card can be 'loaded' at any Barclays branch or 24 hours a day by telephone.

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