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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 for people who travel to Iceland. In fact, locals rarely use cash 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.

Credit cards

VISA and MasterCard are the major credit cards in Iceland: both are serviced by all banks in the country. 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 have a traditional "swipe and sign" card, 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 are available as follows:

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

Debit cards

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.

Book a trip to Iceland and our travel consultants will be available to field your queries before and during your visit.

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