The Hidden Costs of Holiday Spending
Lots of travellers return from holiday to discover unexpected charges on their bank statements. These extra costs typically come from foreign transaction fees, unfavourable exchange rates and ATM charges rather than actual holiday experiences.
Traditional providers often add a 3-5% markup on foreign transactions, meaning that £500 worth of holiday spending could cost you an additional £15-25 in fees alone. Add ATM withdrawal charges and currency conversion costs, and a significant portion of your holiday budget disappears before you have even begun to enjoy your holiday.
Travel Smart with Multiple Currency Accounts
MyGuava changes this equation completely. With the ability to open accounts in over 20 currencies – including British pounds, US dollars and euros – you can hold multiple currencies simultaneously and switch between them as you travel.
Heading to Spain for Easter sunshine? Load up your euro account before you go. Planning a quick hop to New York? Your USD account has you covered. With MyGuava, you can convert currencies at highly competitive rates, instead of using foreign ATMs with high costs.
The real magic happens when you seamlessly switch your MyGuava Card between these currency accounts. When paying for that tapas lunch in Barcelona, simply ensure your card is connected to your euro account. For your Broadway show tickets in New York, switch to your dollar account with a quick tap in the app.
Spend in Local Currencies, Avoid Conversion Fees
When you use your MyGuava Card abroad with the correct currency account selected, you sidestep the typical foreign transaction fees entirely. There is no mark-up, no hidden charges – just straightforward spending in the local currency.
This approach becomes particularly valuable in places where card payments are the norm. Across Scandinavia, for instance, cash is nearly obsolete, making a fee-free card essential. Even in cash-heavy economies, having the option to pay by card without foreign transaction fees gives you valuable flexibility.
Smart Cash Withdrawals Abroad
While cards are increasingly accepted worldwide, cash remains king in many destinations. MyGuava offers competitive rates and fees on ATM withdrawals abroad, with significantly lower fees than traditional banks.
For Easter destinations like Greece, Turkey or parts of Eastern Europe where cash is still preferred for smaller purchases, this saving quickly adds up across multiple withdrawals.
Earn While You Spend with Uncapped Cashback
With MyGuava, you have the opportunity to earn back some of your Easter holiday spending. The MyGuava Card offers uncapped cashback of up to 0.6% on your purchases, meaning everything from your accommodation booking to your daily gelato contributes to your rewards.
Express Your Style with Digital Card Skins
Easter holidays are the perfect time to refresh your look, including your payment card. MyGuava offers customisable digital card skins that transform the appearance of your virtual card to match your personal style or holiday mood.
Why not create a spring-themed card for your Easter travels? Or perhaps select an image that matches your destination – a beach scene for your coastal getaway or a cityscape for your urban adventure? These digital skins make using your MyGuava card not just practical but also a small opportunity for self-expression during your holiday.
Popular Easter Destinations
European City Break
For a long weekend in Paris, Amsterdam or Rome, switch your MyGuava Card to your euro account and enjoy seamless spending without conversion fees. Use contactless payments for museum tickets, restaurant meals and public transport – earning cashback with eligible transactions.
Mediterranean Beach Escape
Heading to the beaches of Spain, Greece or Portugal? Your euro account covers most purchases, while the lower ATM fees help you access cash for smaller beach bars or markets that might not accept cards.
UK Staycation
Even for holidays closer to home, your MyGuava Card offers cashback on all your spending – from cottage rentals and restaurant meals to attraction tickets and petrol. No need to switch currencies, just enjoy the rewards.
Long-Haul Adventure
For those venturing further afield this Easter – perhaps to Japan, Mexico or the United States – having dedicated currency accounts for yen, peso or dollars means you can spend like a local even when you are thousands of miles from home. This approach eliminates the costly currency conversions that typically eat into your travel budget on international adventures.
Make This Easter Your Smartest Travel Season Yet
As you plan your Easter escape, consider how much of your hard-earned holiday budget might be sacrificed to banking fees and poor exchange rates. With MyGuava, those unnecessary costs become a thing of the past.
By combining multicurrency accounts, free currency switching, competitive exchange fees, low-fee cash withdrawals, uncapped cashback and personalisable card skins, MyGuava transforms how you manage money abroad. It is not just about saving money - though that is certainly a benefit - it is about smarter, simpler and more stylish financial management while you focus on enjoying your well-deserved break.
This Easter, travel smart, spend like a local and make your card stand out with MyGuava.
