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If you love traveling or doing cross-border business, a Wise Card might be useful. Briefly, this card allows you to access your funds instantly throughout the MasterCard Network. You can choose to transact online with it or use it at ATMs conveniently, especially when traveling since it allows multiple currencies. 

Is a Wise the Right Card You?

A TransferWise Card is right for you if you often transact using different currencies. With it, you can withdraw cash while away from your home country hassle-free. You can also use it to pay for purchases or expenses online.

Ideally, this card helps anyone who would like to convert the money easily with zero or minimal/transparent fees for the money they hold in their borderless accounts.

If you want any of these, then the TransferWise Card works for you. 

How It Works

A Wise Card allows you to spend the money you have in your account. 

To use the card, you need to create a borderless account first. You will then load it and request the card, so you link it to your account.

It is effective, especially for anyone who wants to deal with more than two currencies. 

Wise Card vs. the Traditional Bank Debit Card

• While a TransferWise card works almost the same as a debit card, it is a bit different. It is easy to switch currencies with a TransferWise card.
• Unlike the debits cards issued by banks, the TransferWise card comes with no fees, and the charges for using are possibly the lowest as well. 
• The other difference is that the TransferWise Card is linked to a borderless account, while the usual debit cards are linked to real bank accounts.
• A debit card is issued into your local currency only. It, therefore, limits its use when you are abroad. 

How to Apply for a Wise Card

As long as you live or work in one among the eligible countries, getting a TransferWise Card is never a hassle. You can request one anytime conveniently.

Here are easy and quick steps to follow when applying for the TransferWise Card:

1. Visit the TransferWise Website and initiate the sign up for an account.
2. Provide your identity details and very them using a government-issued ID.
3. Load, at least, $20/£20 to your account for confirmation. You can use it after getting the card. 
4. Place a request for a card.
5. Activate the card online on their website or using their app.
6. You are ready to start using your card.

Wise Card Countries

As of now, the TransferWise card is only available in a few countries across the world. If you live or reside in the USA, UK, Australia, and countries within the European Economic Area except for Greece.

If you live outside these countries, you might not be able to use the card now.

Wise Card Applicable Fees and Limits

With a TransferWise Card, you enjoy some of the lowest card fees. The limits are also competitive compared to what similar service providers offer.

Here are all applicable fees:

• $7 USD / £5 GBP/ €6 EUR/ $10 SGD/ $10 NZD card issuance fee. It’s free in AUD
• Zero fees for spending currency available in your borderless account
• 35%-2.85% conversion fee for spending currency not available in your account
• 35%-2.85% conversion fee for any spending on an unsupported account
• 2% withdrawal fee for any spending above £200 after the first thirty days

In addition to these fees, you should also beware that there are limits when it comes to using the Wise Card. 

Our Final Verdict

In a nutshell, if you want to withdraw or spend in multiple currencies, the Wise card will work for you. It is better than just having a debit card from your bank. So, if you love traveling or purchasing online from international sellers, get it.