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Credit cards & travellers cheques

Find out more about common forms of payment in Iceland

When visiting Iceland, you'll find that the most convenient way to make purchases is by card or mobile payment. In fact, locals rarely use cash since most merchants accept credit and debit cards even for small purchases.

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.

You should check with your local bank regarding currency exchange rate. There may be a difference between the official exchange rate in Iceland and the one charged by your bank. 

Note for visitors from USA

If you want to pay by card, it's good to note that Iceland accepts cards with the chip-and-PIN system (and not swipe-and-sign cards). This requires a 4-digit PIN for purchases. 

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.

Mobile payments

Apple Pay and Google Pay are widely accepted around the country. This is true in small shops and even at petrol stations outside the capital. 


You'll be able to find ATMs to withdraw cash in Iceland. These require a PIN as stated above. Check with your bank in case they have international withdrawal charges. 

Traveller’s cheques

Traveller’s cheques, though less common, are also accepted at banks and major hotels or tourist centres.

Book a trip to Iceland and our travel experts will be available to give you more local advice before and during your visit.

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