International Prepaid Credit Card | Get Your Questions Answered

Find out everything about international prepaid credit cards and get your questions answered!

Do you want to travel abroad or buy that product on an international website online? The most popular option among consumers is an international credit card, as the final price is always cheaper and there are no debts.

In fact, the prepaid card has become a craze in Brazil since its launch. This is due to its ease of approval and low cost of membership. Now, the most sought after product is international.

For this reason, we at Cred Consultation We developed this content to show you what a prepaid credit card is and how it works, as well as the best international options currently available on the credit market.

So, keep reading and learn all about:

• What is a prepaid credit card?
• How does the international prepaid credit card work?
• The best international prepaid credit card options;
• Is it safe to apply for a credit card online? How do I do it?

What is a prepaid credit card?

Since 2014, prepaid cards have been regulated by the Central Bank and work similarly to regular credit cards. However, there are two important details: the first is not being able to make purchases in installments and the second refers to need to recharge it before use.

Therefore, the great advantage is that the consumer can use all the benefits of a credit card without having to go into debt. After all, you only use the amount that was recharged and to use it again, you just need to put more money in.

Most of the time, prepaid credit cards are issued by Visa, Mastercard and Elo. They also come with a digital account to top up your credit and track all your spending in real time.

The international prepaid credit card works in the same way, with the possibility of making purchases and withdrawals in other currencies, as we will see in the lines below!

How does the international prepaid credit card work?

In advance, the prepaid credit card deducts the payment from the balance immediately, just like the debit card. The charge is made up to the maximum amount stipulated by the bank in the currencies established in the contract.

The big difference between an international credit card and a prepaid card is the exchange rate. In other words, when you top up your card the value is locked in with the exchange rate on that particular day and does not change. 

Meanwhile, with a regular credit card, the amount varies according to the exchange rate until the invoice is closed and consumers often have a surprise when it comes time to pay the bill, due to currency fluctuations.

Furthermore, with the prepaid credit card the customer can use it as credit for international online purchases and as debit in physical establishments. In addition, some offer the possibility of cash withdrawals at partner ATMs.

The best international prepaid credit card options

Well, now that you know what an international prepaid card is and how it works, it's time to sign up. So to help with the mission, our team at Cred Consultation put together a list of the best options at the moment!

Brazil Prepaid

• No checking account required
• Management by application
• Cash withdrawals
• Multicurrency
• Without consulting SPC and Serasa
• Visa Flag

At first, this new financial institution may be new to you. However, Brasil Pré-Pagos has been operating in this sector since 2013 and complies with the relevant regulations from the Central Bank.

In fact, the bank's main prepaid card is the BPP Travel Money issued under Visa and multi-currency. This is because the customer can load it in up to 6 different currencies including: US Dollar, Euro, Australian Dollar, Pound Sterling, Canadian Dollar and New Zealand Dollar.

Super Digital International Prepaid Credit Card

• Comes with a free digital account
• Management by application
• Cash withdrawals
• Multicurrency
• Without consulting SPC and Serasa
• The digital version is ready in seconds
• Immediate Approval
• Free
• Mastercard Flag

Already the Super Digital Card It is issued by Mastercard and comes with a digital account to check the entire procedure, which is very simple. In addition, the customer exchanges money directly through the app, buy airline tickets and book hotels anywhere in the world where Mastercard is accepted.

Itaú Travel Money

• Available only to current account holders
• Management by application
• Cash withdrawals
• Multicurrency
• Without consulting SPC and Serasa
• Free
• Mastercard and Visa flag

The third suggestion of the Cred Consultation and the Itau Travel Money card, the free and international prepaid credit card from Itaú bank. In addition to having no issuance or annual fees, it can be topped up in euros, dollars and pounds.

The customer has the flexibility to choose between Visa or Mastercard and enjoy the benefits of the brand. However, to join it and start using all the amenities, it is necessary to be Itaú account holder. The good news is that you can easily open your account using the Abre Conta Itaú app.

Visa Money Card

• Available only to current account holders
• Management by application
• Cash withdrawals
• Multicurrency
• Without consulting SPC and Serasa
• Special discounts
• Visa Flag

In advance, the Visa Money Card is the international prepaid credit card issued by Bradesco. Top-ups are made in the main currencies: dollars, euros and pounds. 

The difference and highlight is the possibility of use the card in countries with different currencies than the first top-up. Well, the conversion is done automatically, without bureaucracy and complications.

In addition, customers have special discounts at more than 130 establishments and the exchange rate is pre-fixed at the time of conversion. Another service available is cash withdrawals at all Visa or American Express affiliated ATMs.

Is it safe to apply for a credit card online? How do I do it?

If you are still in doubt, know that applying for a credit card online is safe. In fact, it is the most common practice among consumers since the expansion of digital cards like Nubank.

However, there are some necessary precautions, such as certify that the institution has authorization from the Central Bank and check the company reputation on Reclame Aqui. 

This way, you can enjoy all the advantages of applying for your prepaid credit card online without necessarily having to go to a bank to sign a bunch of paperwork.

So, with the confirmation up to date, the next step is to place your order. As we have seen, some options are only available to current account holders. So, the first step is to open your current account.

Now, if you want a card more urgently, it is recommended to opt for digital accounts or startups, such as Brasil Pré Pagos and Super Digital.

Conclusion

In short, the international prepaid credit card is the most widely used form of payment for overseas travel and international purchases. After all, in addition to not generating debt with a bill to pay, the exchange rate is fixed.

In other words, if you top up your card with $1,000 now, the amount will remain until the time of payment. This is different from payments made with a regular credit card, where the purchase amount is subject to exchange rate fluctuations and fluctuates until the time the invoice is closed.

There are several options available at the moment, offered by startups like Super Digital and by large banks like Itaú and Bradesco. Therefore, it is up to you to decide which one is best for your needs.

Did you enjoy learning about this new feature? Then, to complement your reading, take the opportunity to also learn about the best banks present in the credit market. Click the button below and find out more!