Visiting Portugal? One of the most important (least planned) parts is how to handle your money while on the go in Portugal. Money still rules from the local bakeries to the street vendors.
Whether you’re coming from the USA, Canada, Germany, Netherlands, Sweden, or Denmark, this guide will help you skip extra fees and feel comfortable when it’s time to pay — whether it’s for a coffee, a tour, or a souvenir.
Do You Need Cash in Portugal? Yes, and Here’s Why
We tend to believe that Portugal is fully digital, but it is not the case. Yes, it is true that many businesses take cards, but cash is still very important in local areas and in small towns.
These are a few of the places where you will find yourself needing euros in your pocket:
- Traditional bakeries and cafés
- Street markets or flea markets
- Small, family-run restaurants
- Local cabs (especially outside large cities)
- Rural or remote villages
USEFUL TIP: Always keep €20–€50 in cash handy for small expenses or emergencies.
Using a Foreign Debit or Credit Card in Portugal
Most foreign cards (Visa, Mastercard, and sometimes American Express) can be used in shops, restaurants, and hotels. But remember two things:
- Foreign transaction fees – Find out if your bank charges for international purchases.
- Currency exchange – When prompted to pay in your local currency or euros, always opt for euros. Paying in your local currency can lead to poor exchange rates and extra fees.
ATM tips in Portugal:
- Take advantage of Multibanco-branded machines — they’re the official Portuguese network.
- Steer clear of ATMs that seem very branded (e.g., Euronet), as they tend to have higher fees.
- Where possible, withdraw more cash less often to save on fees.
- In case of money withdraw in ATM’s, a PIN number is required. Some cards may require a PIN number for payments as well. Some machines may show up a requirement for 6 digit PIN, if yours only has 4 digits, insert it and press OK.
Best Travel Cards: Revolut, Wise & More
Most Portuguese travelers use Revolut, especially when traveling abroad, as it allows them to:
- Convert money into different currencies
- Avoid traditional exchange charges
- Pay directly in the local currency
- Use virtual or plastic cards
- Track spending in real time
North American and Northern European visitors also prefer Wise (formerly TransferWise), which offers:
- Low-cost and transparent currency exchange
- Multi-currency accounts
- A debit card for hassle-free international spending
- An easy-to-use application interface
- Both applications are well used in Portugal and can be easily used for contactless payment.
What Do US and Canadian Visitors Use?
Many North American visitors prefer to use no foreign transaction fee credit cards. Their most popular ones are:
- Chase Sapphire Preferred / Reserve
- Capital One Venture or Quicksilver
- American Express Platinum (not entirely accepted in Portugal)
They primarily possess:
- Enhanced exchange rates
- Travel reward and points
- Travel benefits and insurance
Some complement them with Revolut or Wise to further manage and save fees on withdrawing or exchanging money.
Quick Money Tips for Your Trip to Portugal
- Carry a small amount of cash in euros
- Don’t exchange money at the airport — rates are poor
- Use Multibanco ATMs whenever possible
- Avoid “pay in your home currency” options
- Download Revolut or Wise for easier payments
- Let your bank know you’re traveling
- Keep receipts, especially for larger purchases
Final Thoughts: Travel Smart, Spend Smarter
Portugal is a beautiful nation filled with tradition and charm. But if you’re buying freshly baked pastries at a village store or booking a planned tour, paying smart will save you money and trouble.
Cash, the appropriate credit card, and travel-friendly apps together on your side will make experience possible, not exchange charges.
Want to Experience Portugal Like a Local?
We offer private, authentic Portugal tours, focused on culture, local history, and off-the-beaten-path secrets other visitors miss.
Need travel inspiration? Follow us on Instagram, Facebook, and Youtube for insider tips, stunning travel photos, and exclusive deals!
#Useful_Tips #Portugal_Unplugged #PortugalTravel #VisitPortugal #PortugalItinerary #TravelTips #ExplorePortugal #Lisbon #Porto #DouroValley #Algarve #Sintra #EuropeTravel
