Touch n Go eWallet Visa Card review

It is a prepaid card, so spending comes from money already in the eWallet rather than from a credit line, and there is no interest to pay. The balance has to be topped up before the card can be used. That is a different setup from a debit card backed by savings.

The currency conversion fee is 0%, and the card runs on the visa network. That places it at position 1 of 258 brands ranked on conversion fee, against a site median of 1%. For readers who pay abroad often, that difference is the calculation that matters.

The card is built around travel, so it fits people who hold a Touch n Go eWallet balance and pay for things abroad. It suits a holiday or a regular trip rather than a full current account. Because it is prepaid, it is a spending tool for money you already hold, not a place to keep a salary.

The card runs on visa, so it is accepted wherever that network is taken, which covers a good share of overseas merchants. Combined with a 0% currency conversion fee, that makes it a simple way to pay abroad without a conversion charge adding to the price at the till.

bunq charges a currency conversion fee of 0.5% to 3%, so spending abroad costs more there than on this card, where the fee is 0%. The choice comes down to the money you already hold: this card only helps if you keep a balance in a Touch n Go eWallet, so readers paying abroad from a different balance have a reason to look at bunq instead.

Wise charges 0.1% on conversion, where this card charges 0%, so the gap between them is small. The deciding point is where your money already sits: this card spends from a Touch n Go eWallet balance and is prepaid, so it needs a top up once that balance is used, and it is built around travel.

The Varo Believe Secured Credit Card is debit and secured against savings, which suits readers who want a card linked to money they are setting aside. This card is prepaid instead, so spending comes from a Touch n Go eWallet balance and the card is aimed at travel.