Caxton Travel Money Card Review
ATM and Cash
Topups
Overall
Caxton offers two personal travel cards: Black with no monthly fee and Red at £8 per month. You can preload and hold 15 currencies or just load GBP and spend worldwide. Caxton charges £0 for overseas purchases and overseas ATM withdrawals on both plans, although ATM owners may add a surcharge.
In the UK, ATM withdrawals cost £1.50 on Black and £0 on Red. Red removes FX markups outside the 15 wallet currencies, while Black can add 2.49% when you spend in a currency you do not hold.
Fees and FX
ATM and Cash
Topups
Overall
Initial Viewpoint
Best for travellers who want a simple multi-currency wallet with £0 Caxton fees abroad. Choose Red if you spend frequently in mixed currencies and want 0% FX markup. Choose Black if you want a free card and can stick to the 15 wallet currencies or accept the 2.49% markup when you do not.
Highlights
- £0 Caxton fee for overseas purchases and overseas ATM withdrawals
- Hold 15 currencies, or load GBP and spend anywhere Mastercard is accepted
- Apple Pay and Google Wallet supported
- Typical delivery 3 to 5 working days after first load
Cautions
- UK ATM fee on Black is £1.50, Red is £0
- Black can add 2.49% FX markup when spending outside the 15 wallet currencies
- Dormancy fee of £2 per month after 12 months of inactivity if a balance remains
Overview
What it is
Caxton’s prepaid Mastercard travel money cards for consumers. Two plans are available: Black with no monthly fee and Red at £8 per month with 0% FX markup marketing. Load currencies in the app and spend worldwide.
Who it's for
UK travellers who want low fees abroad, multi-currency control and digital wallet support. Pick Red if you often spend in currencies you do not hold and want to avoid markup.
Key Facts
Issuer and scheme:
Card is issued by PSI-Pay Ltd under Mastercard license. Caxton Payments Limited is FCA authorised for FSMA and e-money activities. Safeguarding applies to e-money, not FSCS.
Plans:
Black is free. Red is £8 per month and advertises 0% FX markup.
Overseas fees:
Caxton charges £0 for overseas purchases and overseas ATM withdrawals on both plans. ATM owners may surcharge.
UK ATM fee:
Black £1.50 per withdrawal. Red £0.
Digital wallets:
Apple Pay and Google Wallet supported.
Wallet currencies you can hold (15):
GBP, EUR, USD, AUD, CAD, CHF, NZD, HKD, DKK, ZAR, JPY, SEK, HUF, PLN, NOK.
Use in other currencies:
You can load GBP and spend in any currency at Mastercard acceptance locations.
Pricing & Fees
Fee Type
Amount
Notes
Monthly plan fee
Black – £0, Red – £8 per month
Red adds extra benefits including 0% FX markup messaging
Overseas purchases
Black – £0, Red – £0
Caxton fee is £0. Merchant or network fees may still apply in some cases.
Overseas ATM withdrawals
Black – £0, Red – £0
ATM owner may add a surcharge.
UK ATM withdrawals
Black – £1.50, Red – £0
Fee applies per transaction in the UK.
FX on held wallet currencies
Black – 0%, Red – 0%
When you preload one of the 15 currencies, you spend that balance.
FX when spending outside held currencies
Black – Mastercard rate plus up to 2.49%, Red – 0% markup
Caxton references adjustments and Red’s 0% FX markup positioning.
Card order and delivery
Free, typical delivery 3 to 5 working days after first load
Timings referenced on site and onboarding flows.
Dormancy
£2 per month after 12 months of inactivity if a balance remains
Help Centre guidance.
Additional Details
FX conversion
If you have preloaded one of the 15 wallet currencies, spend from that balance with no FX markup. If you spend in a currency you do not hold, Black can add an adjustment of up to 2.49%, while Red advertises 0% FX markup. Always decline DCC and choose to pay in the local currency.
ATM usage
Abroad, Caxton charges £0 for ATM withdrawals. In the UK, Black costs £1.50 per withdrawal and Red is free. Some ATM operators may charge their own fees.
Topups & Payments
Method
Fee or Limit
Notes
Debit card load in app or web
Typically £0 from Caxton’s side
Consumer help and product pages show debit card loading as the standard method.
Bank transfer to Caxton account
Not the standard route for travel card loads
International payment flows exist but the travel card is positioned for debit card loads.
Apple Pay and Google Wallet
£0
Add your card to the wallet and tap to pay.
Applying for the Skrill Card
Apply online in minutes with no credit check. UK residents 18 plus complete standard ID and address verification before the card is issued.
Limits & KYC
Topic
Detail
Minimum load
Black – £50, Red – £50
Maximum single load
Black – £10,000, Red – £12,000
Maximum total balance
Black – £12,000, Red – £12,000
Loads per day
Black – 2, Red – 2
Maximum load per year
Black – £50,000, Red – £50,000
Shop transactions per 24 hours
Black – 20, Red – 20
ATM withdrawals per 24 hours
Black – 2, Red – 2
Maximum single ATM withdrawal
Black – £300, Red – £300
ATM total per 24 hours
Black – £300, Red – £300
KYC
Standard ID and address checks
App & Features
Feature
Detail
Multi-currency wallet
Hold 15 currencies. Swap balances in the app. You can also load GBP and spend in any currency.
Controls and alerts
In-app topup, freeze and card management. UK based support referenced across site.
Digital wallets
Apple Pay and Google Wallet supported.
Delivery and activation
Typical card delivery in 3 to 5 working days after first load. Activate and then perform a chip and PIN transaction before contactless.
Who It's For
Best for
Travellers who want low fees abroad and a simple multi-currency setup. Red suits frequent or mixed-currency travellers who want to avoid FX markups entirely.
Not ideal for
Travellers who plan to withdraw cash in the UK with the free plan, because Black charges £1.50 per UK ATM. Infrequent users should also note the dormancy fee if a balance remains after a year with no activity.
Pros & Cons
Pros
-
£0 Caxton fee for overseas purchases and overseas ATM withdrawals
-
0% FX markup positioning on Red
-
15 wallet currencies, plus ability to spend from GBP
-
Apple Pay and Google Wallet support
Cons
-
UK ATM fee of £1.50 on Black
-
FX adjustment up to 2.49% on Black when spending outside the 15 currencies
-
Dormancy fee after 12 months of inactivity if a balance remains
Awards and Recognition
Caxton has previously been recognised in Prepaid365 Awards for customer service and FX competitiveness. This is treated as historical acclaim rather than a current endorsement.
Awards and Recognition
Caxton has previously been recognised in Prepaid365 Awards for customer service and FX competitiveness. This is treated as historical acclaim rather than a current endorsement.
How It Compares
At a glance: Fixed currency cards can be ideal for single currency trips. Caxton’s multi-currency wallet is better for varied itineraries. Red removes FX markup, while Black is free but can add up to 2.49% when you spend in a currency you do not hold.
Feature
Caxton Black
Caxton Red
Notes
Annual or monthly fee
£0
£8 per month
Red adds 0% FX markup marketing and extra benefits.
Card purchases
ATM fee
£1.50
£0
FX fee
£0
£0
ATM owner fees may apply.
Alternatives to Consider
Wise multi-currency card
Interbank-style FX, holds 40 plus currencies, strong global acceptance. Check ATM caps and transfer fees.
Revolut travel card
Multi-currency wallets with plan tiers, smart app controls, perks on higher plans. Review weekend FX markups and fair usage.
Starling Bank debit card
Simple fee-free FX on a UK current account with strong travel acceptance. Check ATM and card replacement policies.
Zempler Euro or US Dollar card
Fixed-currency simplicity for single-currency trips. Predictable fees when spending only in EUR or USD.
Ratings
Category
Score 1 to 5
Weight
Notes
Fees and FX
£0 abroad on POS and ATM. Black can add 2.49% outside the 15 currencies. Red positions 0% markup.
ATM and cash
UK ATM £1.50 on Black. UK ATM £0 on Red. Abroad is £0 from Caxton’s side.
Topups
Debit card loads in app or web.
Features and app
15 currencies, Apple and Google wallets supported, 3 to 5 day delivery.
Support and trust
FCA authorised e-money issuer arrangement with PSI-Pay. Safeguarding applies, not FSCS.
Compliance & Methodology
Regulatory
Caxton Payments Limited shows FCA authorisations on the product page. The Caxton card is issued by PSI-Pay Ltd pursuant to a license by Mastercard International. E-money safeguarding applies rather than FSCS.
Data sources
Caxton product pages and Help Centre content including currencies, fees and limits. Verified on 11 Oct 2025.
Editorial policy
Independent, fact‑checked comparison. Click here for editorial guidelines.
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