Which credit card for Taiwan travel ?

Taiwan is independent of the People’s Republic of China, although its independence is not recognized by all countries in the world. So you have to prepare differently for a trip to Taiwan than for a trip to China.

The currency in Taiwan is the New Taiwan Dollar . The local currency is accepted in all shops and restaurants and only very rarely are foreign currencies accepted. Taiwan is a highly developed country where ATMs are common. Almost all supermarkets, shops and restaurants have card terminals because the use of credit cards in Taiwan is simply part of everyday life.

Pay cashlessly in Taiwan

Pay cashlessly in Taiwan

In Taiwan, cashless payment by credit card is more common than in Germany. You can pay with a credit card almost anywhere in shops, restaurants, hotels, cafes and other establishments, even for smaller amounts. Taxis are an exception.

Usually there is also the possibility to pay with an EC card, i.e. Maestro or Cirrus. As a rule, the individual logos on the front door of a shop or near the cash register show which cards are accepted, even without language skills. This makes the transactions easier.

Withdrawing cash via credit card is also not a problem in Taiwan. There are ATMs everywhere. They are available in banks, shopping malls or supermarkets. Depending on how the machine is marked, you can get cash with Visa, MasterCard or even with an EC card. V-Pay cards are generally not accepted outside of Europe.

Fees when paying by credit card

Fees when paying by credit card

Many hotels and restaurants in Taiwan charge a credit card payment fee. However, there are also the fees charged by the German bank. Depending on the institute, these foreign assignment fees amount to between one and four percent of sales. Before you travel, you should contact the bank whose credit card you are using to find out exactly what the fees are, to be sure and, if necessary, to avoid these fees.

When withdrawing money by credit card, a fee from the bank in Germany and an additional fee from the Taiwanese bank usually apply in Taiwan. There are some direct banks in Germany that do not charge withdrawal fees in Taiwan.

Cash in Taiwan

Cash in Taiwan

It is advisable to carry a little cash in the local currency with you when traveling through Taiwan, because cash is especially needed for small expenses and taxi rides. It should be exchanged in the country, because if you exchange USD for the new Taiwan dollar before your trip to Germany, you will receive a significantly worse exchange rate than in Taiwan. Money can be exchanged in banks, at the post office and in hotels at the reception. The passport must be presented.

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