Review – Caxton FX Prepaid Euro Credit Card

Description of It The Caxton FX credit card is a pre-paid card. You simply
load money onto it from your normal bank account (this
can be done online, on the phone of by SMS), then use
it for transactions and withdrawing cash at machines when
abroad. As long as you are spending or withdrawing the
currency for the card you have, there are no charges or
fees. You can get a Euro and Dollar version.
How We Use It We use this as our main card while in Euro countries. We
use SMS to load it and check the balance, or you
can go onto the website to see all transactions. We then
use it for all transactions – supermarkets, petrol etc and
for cash withdrawals. There are other cards about that do
the same sort of thing, but we went with this card because
it was fee free.
What Do We Love?
  • No fees – so we can withdraw small amounts of
    currency at cashpoints (usually the fees are a
    percentage of cash withdrawn and have a minimum and maximum fee amount) 
  • Simple, quick and easy to load money onto it
  • Simple, quick and easy to check your balance
  • It’s a visa card so can be used pretty much everywhere
  • Cheap to get a second card (about £7 I think) as back up in case one gets lost – although they will post one to you if needed
  • It’s separate to your normal bank, so if it gets stolen the maximum that could be got off it is what’s loaded onto it
And What’s Not so Great?
  • The exchange rate isn’t as good as some of the other cards, but for me that is offset by having no fees
  • My bank sends me a SMS statement every week, it would be nice if Caxton FX could do this too – it would save you from having to log onto their website while travelling
Our Summary Our rating is .
Where Can I Get It? You can click below to find out more about the Caxton FX Card – Euro and Dollar versions. If you use the link below and sign up for a card, we’ll also earn a small commission.