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Credit cards & travellers cheques

What's in your wallet? Find out more about common forms of payment in Iceland.

Credit and debit cards are very common forms of payment in Iceland. In fact, cash use among the locals is rare since most merchants accept credit and debit cards even for small purchases. Travellers cheques, though less common, are also accepted at banks and major hotels or tourist centres.

VISA and MasterCard are the major credit cards in Iceland; both are serviced by all banks in Iceland. MasterCard is the agent for Diners Club and JCB. Please note that there might be a difference between the official currency exchange rate in Iceland and the exchange rate that the credit card companies use for transactions.

Note for visitors from USA
Iceland uses cards with the chip-and-pin system, which requires a 4-digit PIN for purchases. If you only have the "swipe and sign" cards, you may wish to inquire about getting a chip-card from your bank or a major credit card issuer before travelling.

Cash advance services for cardholders is available as follows:

  • VISA, MasterCard and Diners Club – at all banks and ATMs
  • JCB – at Kreditkort, Ármúli 28-30, 108 Reykjavík (tel: 550-1500)

Electron and Maestro cards are commonly accepted.

ATMs are widely available in Iceland and require a PIN. Cash can be obtained for Electron and Maestro cards at all ATMs and banks, as well as for Cirrus and Euro cheque ATM-only cards. Diners Club and JCB cardholders with Cirrus acceptance have access to all ATMs.

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