TransferWise Japanese Yen Travel Card

Traveling to Japan or any other country can be exciting, but managing your money abroad can sometimes be complicated. The TransferWise Japanese Yen Travel Card offers a simple and effective way to spend money in Japanese Yen (JPY) and multiple other currencies while traveling. It is designed to make your travel easier by allowing you to spend money at real exchange rates with low fees, and without the hassle of carrying cash.

In this guide, we’ll dive into everything you need to know about the TransferWise Japanese Yen Travel Card. From its features, benefits, supported currencies, and fees to the best ways to use it, this article will cover everything in detail so that you can make the best choice for your travel needs.

What is the TransferWise Japanese Yen Travel Card?

The TransferWise Japanese Yen Travel Card is a debit card linked to your Wise account that allows you to spend Japanese Yen (JPY) and other currencies at the best possible rates while traveling. With this card, you can load multiple currencies into your account, including JPY, and use them when needed for purchases or withdrawals at ATMs worldwide.

The card is issued by Wise, a leading online financial platform known for its transparent, low-cost services. It helps you avoid high currency conversion fees typically charged by traditional banks or credit card companies, giving you access to a multi-currency account with a real exchange rate.

Key Features of the TransferWise Japanese Yen Travel Card

Feature Details
Multi-Currency Account Hold over 50 currencies, including Japanese Yen (JPY), USD, EUR, GBP, and more.
Real Exchange Rates Spend at the mid-market exchange rate, the same rate used by Google or financial platforms.
Low Fees Enjoy low fees for currency conversions, ATM withdrawals, and card usage. No monthly account fees.
Global Acceptance Accepted worldwide wherever Mastercard is accepted, in stores and online.
ATM Withdrawals Withdraw cash from ATMs worldwide with low fees and free monthly withdrawal limits.
Contactless Payments Make quick and secure payments using contactless technology.
App Integration Easily track your spending, manage your funds, and convert currencies using the Wise app.
Security Features Use enhanced security features, including two-factor authentication and card freezing.

Benefits of the TransferWise Japanese Yen Travel Card

1. Real Exchange Rate

One of the biggest advantages of the TransferWise Japanese Yen Travel Card is that it offers the real exchange rate. When you spend money, transfer funds, or convert currencies, you get the same exchange rate that you would see on financial platforms like Google. This is called the mid-market rate and is often much better than the exchange rates offered by banks or credit card companies, which usually add a markup.

For example, if you’re converting USD to JPY, the Wise platform uses the exact rate that you would see on Google’s currency converter. This transparency helps you save money by avoiding hidden fees and markups that other services charge.

2. Low Fees

Unlike many traditional banks and travel cards, the TransferWise Japanese Yen Travel Card has low fees and no hidden charges. You only pay for what you use, and all fees are clearly displayed. Whether you’re converting currencies, withdrawing money from ATMs, or making purchases, you’ll be charged a small and transparent fee.

Wise also avoids charging foreign transaction fees, which can add up when using other cards abroad. This makes the TransferWise Japanese Yen Travel Card an affordable and reliable option for travelers.

3. Multi-Currency Account

The TransferWise Japanese Yen Travel Card allows you to hold multiple currencies in your account, including JPY, USD, EUR, GBP, and over 50 other currencies. This feature makes it convenient to use the card in multiple countries, especially if you’re visiting countries with different currencies.

When you need to spend in a currency that you have in your account, Wise automatically uses that balance to convert the funds without the need for additional conversion fees. You can easily switch between currencies using the Wise app, allowing you to track your spending and manage your funds on the go.

4. Low ATM Withdrawal Fees

The TransferWise Japanese Yen Travel Card offers a free monthly ATM withdrawal limit. This means that you can withdraw money from ATMs worldwide without paying any fees, up to a specific amount. After exceeding the free limit, a small withdrawal fee applies. This feature helps you save money, especially if you need cash during your travels.

Wise allows you to withdraw up to a certain limit each month without charging you any fees. If you need to withdraw more, a small fee is applied, but this is still lower than many other travel cards or credit cards that charge high fees for ATM withdrawals.

5. Global Acceptance

The TransferWise Japanese Yen Travel Card is part of the Mastercard network, meaning it is accepted worldwide wherever Mastercard is accepted. You can use your card for purchases at millions of stores, restaurants, and online platforms. Whether you’re shopping in Tokyo or booking a hotel in Paris, you can pay with your card without worrying about whether it will be accepted.

6. Contactless Payments

The TransferWise Japanese Yen Travel Card supports contactless payments, which means you can simply tap your card on the payment terminal to make a purchase. This is a convenient and secure way to pay for goods and services without needing to enter a PIN or swipe your card. Contactless payments are widely accepted around the world and help make your transactions faster and easier.

7. Manage Your Funds with the Wise App

The Wise app gives you full control over your TransferWise Japanese Yen Travel Card. You can easily track your spending, check your account balance, convert currencies, and receive notifications when you make a payment. The app also allows you to freeze or unfreeze your card, making it easy to protect your funds if the card is lost or stolen.

The Wise app also gives you the option to set spending limits, helping you manage your budget and prevent overspending while traveling. The app provides a simple interface for users to manage their funds in multiple currencies, including JPY and others.

Supported Currencies

The TransferWise Japanese Yen Travel Card supports over 50 currencies, allowing you to hold multiple currencies in one account. Some of the currencies you can store and convert on the Wise platform include:

  • Japanese Yen (JPY)
  • US Dollar (USD)
  • Euro (EUR)
  • British Pound (GBP)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Swiss Franc (CHF)
  • Singapore Dollar (SGD)
  • New Zealand Dollar (NZD)
  • Hong Kong Dollar (HKD)

This ability to hold multiple currencies in one account makes the TransferWise Japanese Yen Travel Card an ideal choice for travelers who frequently visit different countries or need to use several currencies during their trips.

Fees and Charges

The TransferWise Japanese Yen Travel Card is known for its low fees and transparency. Below is a breakdown of the fees you can expect when using this card:

Fee Type Details
Card Issuance Fee Typically $10 USD or its equivalent in local currency.
Currency Conversion Fee Typically 0.35% to 1% depending on the currency pair being converted.
ATM Withdrawal Fee Free for withdrawals up to $250 USD per month. After that, a small fee applies.
Foreign Transaction Fee No foreign transaction fees when using the card abroad or in different currencies.
Monthly Maintenance Fee No monthly maintenance fee or account management fees.
Card Replacement Fee Small fee for replacing a lost or stolen card.

These low fees and transparent costs make the TransferWise Japanese Yen Travel Card a cost-effective choice for travelers looking to avoid high exchange rates and hidden charges.

Best Ways to Use the TransferWise Japanese Yen Travel Card

1. Top Up with Japanese Yen (JPY)

If you’re traveling to Japan or other countries where JPY is used, it’s best to top up your TransferWise Japanese Yen Travel Card with JPY before you leave. This helps you avoid unnecessary currency conversion fees and makes it easier to spend directly in JPY.

2. Convert Currencies in the Wise App

Before you travel, load your Wise account with the currencies you plan to use. You can convert your money using the Wise app at real exchange rates and spend the funds on your card without worrying about currency conversion fees.

3. Use the Card for ATM Withdrawals

Use the TransferWise Japanese Yen Travel Card to withdraw cash from ATMs in Japan or other countries. Remember, you can withdraw up to $250 USD worth of free withdrawals each month. After exceeding this limit, you’ll pay a small fee, which is still lower than traditional bank or credit card fees.

4. Use for Everyday Purchases

Whether you’re shopping in Tokyo or dining at a restaurant, the TransferWise Japanese Yen Travel Card is ideal for everyday purchases. You can use it for contactless payments, making transactions quick and easy.

Top up and spend your holiday money in over 40 currencies

Argentine Peso Egyptian Pound Moroccan Dirham South African Rand
Australian Dollar Euro Nepalese Rupee Sri Lankan Rupee
Bangladeshi Taka Georgian Lari New Zealand Dollar Swedish Krona
British Pound Hong Kong Dollar Nigerian Naira Swiss Franc
Bulgarian Lev Hungarian Forint Norwegian Krone Turkish Lira
Canadian Dollar Indian Rupee Pakistani Rupee UAE Dirham
Chilean Peso Indonesian Rupiah Philippine Peso Ukrainian Hryvnia
Chinese Yuan Israeli Shekel Polish Zloty US Dollar
Croatian Kuna Japanese Yen Romanian Leu Vietnamese Dong
Czech Koruna Kenyan Shilling South Korean Won Singapore Dollar
Danish Krone Mexican Peso Thai Baht Malaysian Ringgit

Which all countries can apply for Wise Travel Card

The Wise card is currently available for personal customers that live in these countries and regions:

  • Australia
  • Brazil
  • Canada
  • EEA + Switzerland*
  • Japan
  • Malaysia
  • New Zealand
  • Philippines
  • Singapore
  • UK + European microstates and overseas territories*
  • USA except for residents of Nevada (US cards temporarily unavailable)

Conclusion

The TransferWise Japanese Yen Travel Card is a great choice for travelers who want to spend Japanese Yen and other currencies at real exchange rates with low fees. Its transparent pricing, multi-currency support, and global acceptance make it a valuable tool for anyone traveling abroad. By using this card, you can avoid hidden fees, save money on currency conversion, and have access to your funds whenever and wherever you need them.

Apply for your TransferWise Japanese Yen Travel Card today and start enjoying a stress-free and cost-effective travel experience!