BANGALORE: Whenever you search online for the tourist destinations, whether it is a well known or not it requires some advance amount for the booking form your credit or debit card. It is obvious that you are unwilling to share details due to concerns over the site's reliability.

You also don’t want to leave money saving deal, In such case, what should you do? You should try the 'virtual' card tool, if your bank offers the facility and also can use the forex travel card if your travel destination is in abroad.

Harshvardhan Roongta, certified financial planner, Roongta Securities said,”Due to a limited balance on these preloaded cards, the damage due to any fraud is restricted to that amount,” reports Preeti Kulkarni, The Economic Times.

The Reserve Bank of India also revealed that unlike non-banking financial companies, banks were allowed to issue rupee-denominated co-branded prepaid cards without looking for permission from the central bank.

Last year, the regulator had allowed cash withdrawal of up to 1, 000 per day from prepaid cards, including gift cards, from point of sale terminals.

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