Mastercard Cash Passport Review
Learn about the Mastercard Cash Passport in this review to help you decide whether this is the card for you.
- Reloadable Mastercard® Prepaid Card
- Load up to 10 currencies
- Lock in exchange rate
- 24/7 Global Emergency Assistance
Pros and cons of using Mastercard Cash Passport
- Lock in exchange rates
- Load foreign currencies and AUD
- Up to 10 different currencies
- Enjoy exclusive Cash Passport benefits and privileges
- $10 cash out fee
- Reload fees apply for Debit Card, BPAY and in-store
- Cannot change your PIN
Benefits of the Mastercard Cash Passport
Security
- Chip and PIN protected
- Automatic SMS alerts relating to your Cash Passport or card activity
Convenience
- Access your money worldwide where there is a Mastercard® symbol
- Use in-store, over the counter, or online with overseas retailers
- Contactless under $100AUD
- Load both foreign currencies and AUD to your card
Savings
- When you load or reload your card, you lock in the exchange rates of that day
- No charge for international transaction fee when you pay in a currency you have loaded
- Enjoy exclusive offers and benefits from being a Cash Passport holder
Manage Your Money
- View available balance and transaction history online via ‘My Account’ as well as reload and transfer funds between currencies
- Cash out your remaining balance on your return, direct to your nominated bank account
- Transfer between different currencies on your card
Currencies and Countries
Currencies Supported
- Australian dollars (AUD)
- US dollars (USD)
- Euro (EUR)
- United Kingdom (GBP)
- New Zealand dollars (NZD)
- Hong Kong dollars (HKD)
- Canadian dollars (CAD)
- Singapore dollars (SGD)
- Thai baht (THB)
- Japanese yen (JPY)
Load Amounts
- Minimum Load: $100, $100 (BPAY), $100 (Debit)
- Maximum Load: $100,000, $25,000 (BPAY), Up to $60,000 (Debit)
Transaction Limits
- ATM Withdrawal Limit (24 hours) : AUD 3,000 (or currency equivalent)
- POS Transaction Limit (24 hours): AUD 15,000
Fees
All prices are in AUD
| Card Purchase | Initial Load | Reload Funds |
|---|---|---|
| Free | Free | Free (via online or bank transfer) |
| Foreign Currency Conversion | Inactivity Fee | Negative Balance |
|---|---|---|
| Free | Free | Nil |
| Cash Out | Replacement or Back-up card |
|---|---|
| $10 | Free |
| ATM Withdrawal Fees* |
|---|
| AUD 3.50** CAD 3.50 GBP 2.00 NZD 3.50 SGD 3.50 |
USD 2.50 EUR 2.50 HKD 18.00 JPY 260 THB 80 |
*Domestic ATM fee of 2.95% when withdraw cash out in Australia
**For international ATM withdrawals in countries not mentioned above or insufficient funds in the relevant Currency to cover the whole transaction
Case Study
Sally has been a Mastercard Cash Passport holder for 2 years. Before joining, Sally used to fly to Canada regularly with her husband and buy her currency in cash. On one occasion however, she had her handbag stolen and lost all of her cash.
Since then, Sally looked online and saw the Mastercard Cash Passport and how easy it was to apply. She did not have to be an existing customer, and there was no charge for international fees when she paid in a currency she had loaded onto the card. What’s more, she could get a free replacement card if ever her bag was stolen again (hopefully not!).
Now Sally would be lost without her Cash Passport. Not only can she load both foreign currencies and AUD onto her card, but she can also lock in exchange rates and enjoy benefits and privileges worldwide for being a Cash Passport holder.
Online Tools
Save time and let our online tools crunch the numbers for you.
Currency converter
Burning to know what the exchange rate is? Check today’s exchange rate on any amount.
Travel money comparison tool
Heading overseas? Find the best rates for exchanging currency online or find a store near you.
Knowledge centre
Learn the ins and outs of currency
Money transfer comparison tool
Finding the best deal can be nightmare. We bring together all your options by highlighting the fees and rates.
