I’m sorry if this question has been asked thousands of times before but a quick search didn’t reveal anything 100% fitting – and I just want to understand this properly.
I have a Curve Blue card with the typical currency exchange limit of £500/month and foreign currency ATM withdrawal limit of £200/month. The underlying Visa Debit card which I use for most of my everyday purchases with my Curve Card features unlimited fee-free spending in all currencies.
That’s why I’m wondering about this: What if I changed the currency setting of this underlying card every time I go abroad? For example, if I went to Japan and set the underlying card’s currency to JPY?
Would I be able to spend in JPY without any fees and without any limit?
And would JPY withdrawals also be considered “domestic” since they’d be in the same currency as the card currency?
Would this mean that the Fair Usage policy for domestic withdrawals (up to 10 per month) would apply and not the foreign currency withdrawal limit of £200/month?
And would it be OK to do so everytime I go abroad? Like: Is it possible to change the underlying card’s currency in the app’s settings as often as I like?
It’s just that in case of longer travels where I might spend or withdraw more than the equivalent of £500/200, the FX policy of my Visa is more attractive, but I still don’t want to carry it around all the time.
Again, sorry if this has been asked before. I’ve found parts of my questions answered in other conversations on here but nothing seemed to answer all of them in their complexity.