Prexpe review

The monthly fee is PEN 0, and the account is a prepaid card rather than a subscription tier. Running costs therefore stay at the floor for anyone who keeps the card in use for everyday spending in Peru. Cash withdrawals are the extra cost to watch.

Prexpe issues a prepaid card that runs on the mastercard network, so it is accepted wherever Mastercard cards are taken. A prepaid structure suits people who load funds before spending, and the card covers both in person and online payments.

Yes, a virtual card is part of the feature set: multi currency, virtual card and travel. That lets you add an online card without waiting for a physical one to arrive, which suits frequent online shoppers. The same feature list also covers multi-currency balances and travel use.

The account holds 2 currencies, so the choice is deliberately small and a local balance is easy to manage. Anyone who needs a wider set of foreign balances for frequent travel is better served by a dedicated multi-currency account such as Wise.

The free ATM allowance is PEN 0, so cash machine withdrawals are not free on this card. Plan for a charge each time you take out local cash, or lean on the card for purchases instead. This matters most if you rely on cash abroad.

Support runs on email, chat and help centre, which covers email, chat and a help centre. Help is written rather than spoken, and there is no phone channel, so readers who prefer a spoken exchange may find this less convenient.

The feature set covers travel: multi currency, virtual card and travel includes a virtual card, multi-currency balances and travel use. The prepaid card on the mastercard network also handles everyday payments, so a local wallet and a travel balance can sit in the same account.