Portugal’s modern banking system makes credit cards an effective way to manage your day-to-day expenses. Having a Portuguese credit card can help you build local credit and access essential services.
Whether you’re moving to Portugal for work or simply planning a longer visit, knowing what credit cards are available to you can simplify the transition.
And once you’re settled in, Remitly offers competitive exchange rates and reliable services for sending money home.
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Can foreigners get credit cards in Portugal?
Yes, you can get a credit card in Portugal, whether you’re a resident or not. The process is pretty straightforward if you have the right paperwork and meet a few basic requirements. Most Portuguese banks and credit card providers ask for the following documents:
- Portuguese taxpayer number (NIF), which you can get at your local tax office (Finanças)
- Proof of identity (valid passport or EU citizen card)
- Proof of address in Portugal (recent utility bill or rental contract)
- Proof of income (recent payslips, employment contract, or income tax statement)
You don’t necessarily need a Portuguese bank account to get a credit card, but it can help your chances of approval and give you access to better terms.
How do Portuguese credit cards work?
Portuguese credit cards combine familiar features with some that are unique to Portugal.
You frequently have up to 50 days to pay off purchases without interest, and you can pay anywhere from 3% to 100% of your balance each month. Minimum payments can be as low as €25.
- The effective annual percentage rate (TAEG) is usually between 15% and 20% annually — slightly lower than the USA and many other European countries.
- Many cards let you split large purchases into 3 to 12 monthly installments with minimal interest.
- Basic cards often have no annual fees, while premium ones can cost up to 150 EUR a year.
- A small foreign transaction fee is usually charged for purchases in foreign currency.
- Avoid cash advances; they’re expensive and interest starts accruing immediately.
- Most cards have a credit limit of around 1,500 EUR, but this can be increased based on your payment history and income.
Portuguese credit cards feature contactless payments for quick transactions, chip-and-PIN technology, and 3D Secure authentication for online purchases with real-time notifications. They also work with the Multibanco network, so you can use them at any ATM throughout the country.
Which banks offer credit cards to foreigners?
Most Portuguese banks offer credit cards as part of their standard services. Some of the bigger traditional banks — including Caixa Geral de Depósitos (CGD), BPI, and Santander — have dedicated English-language services for foreigners living in Portugal, which makes it easier for you to navigate the application process.
You’ll also find digital-first banks and specialized credit card providers with streamlined online applications. If you’re comfortable managing your finances entirely online, these are convenient, no-frills options. You may need to brush up on your Portuguese, though.
- Pro tip #1: TAP Air Portugal partners with several financial institutions to offer credit cards that earn miles and perks like travel insurance.
- Pro tip #2: A number of major banks provide comprehensive “welcome to Portugal” packages for expats that include credit cards along with other essential banking services. It might be worth looking into these if you’re just getting settled in the country.
How do you apply for a Portuguese credit card?
You can apply for a Portuguese credit card either online through the bank’s website or mobile app, or in person at a local branch. Applying online usually gets you a quicker response, but some banks might still need you to come in for an in-person visit.
If you’re planning to apply at a branch, it’s a good idea to schedule an appointment and request an English-speaking staff member, rather than just showing up.
The approval process usually takes about three to five business days, with the physical card arriving a week or two later.
Can you use your foreign credit card in Portugal in the meantime?
Most foreign credit cards work well in Portugal, especially Visa and Mastercard. You’ll find them widely accepted in cities, tourist areas, and larger establishments. International chains and high-end retailers typically accept all cards, even American Express and Discover.
Alternatively, you can use other payment options, including digital wallets like Apple Pay or Google Pay, Paypal, or MB Way (a popular Portuguese transfer system, which requires a local phone number and bank account).
How do you improve your credit score in Portugal?
Portugal’s credit scoring system works differently from what you may be used to.
Instead of giving you a score, the Bank of Portugal (Banco de Portugal) maintains a Central Credit Register (CRC) that tracks your credit contracts and financial obligations. Some ways to build a positive credit profile include:
- making all your payments on time
- keeping your credit utilization low
- using your existing cards responsibly
If you’re new to Portugal, consider starting with a secured credit card or a low-limit basic card to establish a credit history. You can check your own CRC information online at any time.
Learn more about credit cards in Portugal
To explore more options or obtain up-to-date information about credit and debit card payments in Portugal, visit these resources:
- Bank of Portugal (Banco de Portugal) for more about payment cards
- Portuguese Association for Consumer Protection (Associação Portuguesa para a Defesa do Consumidor — DECO) for more about specific credit card offers
- ComparaJá for detailed credit card comparisons
Need to send money between Portugal and your home country? Download the Remitly app to transfer money with competitive exchange rates and track your transfers in real-time.
FAQs about Portuguese credit cards
While Visa and Mastercard are widely accepted payment methods in urban areas, many small establishments and rural areas prefer or only accept cash. It’s best to carry both. Cash is especially useful for purchases under €5 and at local businesses.
No, but having one will give you a lot more options. Some digital banks and fintech companies offer cards that don’t require a bank account, but traditional banks typically require you to open an account with them first.
International cards work well in urban and tourist areas throughout Europe, but some merchants only accept local cards. Always choose to be charged in euros rather than your home currency. This will typically get you a better currency conversion rate.
Multibanco doesn’t charge fees, but your home bank may. Avoid standalone ATMs such as Euronet, which charge high fees, and stick to bank-affiliated Multibanco or ATM Express machines. In big cities such as Lisbon you’ll have plenty of options, while smaller towns may offer limited choices.
