James Lynn from Currensea, which has launched a travel card that links directly to your bank account, recently revealed the pros and cons of buying foreign currency in cash versus card to Express.co.uk.
Cash is accepted everywhere.
Cash is generally more expensive than using a card.
There can be a security risk of carrying around large amounts of cash.
There’s the perceived health risk around handling cash, which can have changed hands tens of times per day.
Cash offers no protection if purchases are faulty or not as described.
Travel insurance generally only covers between £200-£500 if your cash is lost or stolen, so if you’re carrying much more you’re unlikely to get this back.