Hajj or Umrah is a once-in-a-lifetime journey for many Muslims, and ensuring it is a memorable experience involves careful planning, particularly regarding finances. A common question among travellers is, "How should I carry money to Hajj?" With modern advancements, the banking sector has also evolved, offering various options for managing your funds during this important pilgrimage. Below is a guide to carrying money to Hajj and recommendations on the best choices for your needs.
While carrying cash can be convenient for minor purchases such as transport and food, it's generally advisable to limit the amount you bring. Having loose change is helpful, but carrying large sums can pose risks, especially in crowded areas. Instead, consider withdrawing cash from ATMs as needed to reduce the risk of theft or loss.
Using a debit card can offer favourable interbank exchange rates for purchases, and many cards allow you to earn reward points and access discounts provided by your issuing bank. However, there are significant downsides to consider. Debit Cards may not be adequately protected against theft or loss in a bustling environment filled with millions of pilgrims. Additionally, ATM debit card withdrawals can incur high fees, and acceptance may vary across locations.
Using a credit card while travelling abroad is generally safer and more convenient. Credit cards often provide favourable interbank exchange rates for purchases, making them an excellent choice for managing expenses. The credit facility can also be invaluable during emergencies, allowing you to borrow extra funds when needed.
However, there are some downsides to consider. Withdrawing cash from ATMs using an international credit card can be costly, as transaction fees may apply. Moreover, your credit card won't shield you from fluctuating exchange rates, which can impact your overall spending.
Traveller's cheques have been popular among tourists and pilgrims for many years due to their safety features. They are not linked to any bank account, making them a secure option that is widely accepted.
That said, traveller's cheques come with significant drawbacks. They often offer poor exchange rates, which can diminish their value.
Additionally, they are not suitable for online transactions and have a limit on the amount you can carry. Obtaining traveller's cheques can also be time-consuming and costly, further complicating your travel finances.
Banks and financial institutions now offer Forex cards specifically designed for Hajj and Umrah pilgrims, making them the safest and most convenient way to manage money during your journey.
These cards are PIN-protected and can be used for online and in-person transactions. Additionally, they allow you to withdraw cash from ATMs abroad at reduced fees. One of the benefits of using a Hajj Umrah Forex Card is protection against currency rate fluctuations; the exchange rates are locked in when you load money onto the card, ensuring you won't be affected by market volatility.
Reloading funds and tracking your transactions is easy through NetBanking, allowing you to manage your finances anytime, anywhere. Moreover, the card typically includes complimentary insurance coverage for unfortunate events and offers 24/7 customer service, providing peace of mind throughout your pilgrimage.
You can read more about the benefits of the Hajj Umrah Forex Card here.
Looking to apply for an HDFC Bank Hajj Umrah Card? Click here to get started!
Carrying cash in a crowded foreign place is always advised against! Always carry loose change for transport, food, etc., but carrying large amounts should be avoided. Whenever the need arises, you can withdraw money from the ATM.
Debit cards can offer competitive interbank exchange rates for purchases and allow you to earn reward points on your spending, along with discounts and offers from the issuing bank. However, using a Debit Card during a pilgrimage attended by millions can pose significant risks. These cards often lack adequate protection against theft or loss. Additionally, ATM withdrawals abroad can be costly, and there's no guarantee that your card will be accepted everywhere.
Credit cards are generally safer when travelling abroad, offering favourable interbank exchange rates for purchases. The credit facility can also be invaluable in emergencies, allowing you to borrow extra cash as needed.
However, withdrawing cash from ATMs using your international credit card can be costly. Moreover, credit cards do not shield you from fluctuating exchange rates, which can lead to unexpected expenses.
Traveller's cheques have long been a popular choice for tourists and pilgrims due to their safety; they are not linked to any bank account and are widely accepted. However, they come with significant drawbacks, including poor exchange rates and the inability to make online payments. Additionally, traveller's cheques can only carry a limited amount of money and can be expensive and time-consuming.
Banks & financial institutions have introduced Forex Cards custom-made for Hajj or Umrah. When you go on the pilgrimage, it is the safest and most convenient way to carry money to Hajj.
The cards are PIN-protected, can be used for online and physical payments, and can be used to withdraw cash from ATMs abroad at lower charges. One of the biggest advantages of carrying the Hajj Umrah Forex Card is that you are protected from currency rate fluctuations as rates are locked while loading money into the card.
Additionally, you easily reload funds and monitor your card transactions and activities anytime and anywhere through NetBanking. The card includes complimentary insurance for unexpected events and offers 24/7 customer support. To learn more about the benefits of the Hajj Umrah Forex Card, click here.
Looking to apply for an HDFC Bank Hajj Umrah Card? Click here to get started!