How to spend in Belgium - Travel money guide | finder.com

Travel money guide: Belgium

How to pick a winning combination of travel money products to take to Belgium

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Belgium is considered the heart of the European union. The country is a world leader in financial services and has the highest rate of card payments in the world. For your trip to Belgium, you’ll need a product that lets you spend euros minus the extra international transaction fees — there are a few on the market and it will pay to look beyond prepaid travel cards.

Read our Belgium travel money guide for a comparison of travel friendly credit cards, debit cards and travel cards as well as tips for using and spending money in Belgium.

Our pick for use in Belgium

Hilton Honors American Express Card

  • Earn 75,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
  • Earn 7x Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with a hotel or resort within the Hilton Honors portfolio of brands.
  • Earn 5x Hilton Honors Bonus Points for each dollar of eligible purchases at U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
  • Earn 3x Hilton Honors Bonus Points for all other eligible purchases on your card. No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
  • Enjoy complimentary Hilton Honors Silver status with your card. Plus, spend $20,000 on eligible purchases on your card in a calendar year and you can earn an upgrade to Hilton Honors Gold status through the end of the next calendar year.
  • No Annual Fee.
  • Terms Apply.
Read less
Read more
See Rates & Fees
Promoted

Compare travel cards for Belgium

When considering which card to bring with you on your trip to Belgium, be sure to look out for foreign transaction fees. These small charges can add up over the course of a vacation, but thankfully most strong travel cards will waive them.

Name Product Foreign transaction fee Annual fee Purchase APR Filter values
None
$0
17.74% to 26.74% variable
Earn 75,000 Hilton Honors Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
None
$0
0% intro for the first 12 months (then 14.24%, 20.24% or 24.24% variable)
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
None
$0 intro annual fee for the first year ($95 thereafter)
17.74% to 26.74% variable
Earn 30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a direct Delta purchase in the same timeframe. Rates & fees
None
$0 intro annual fee for the first year ($95 thereafter)
17.99%, 22.74% or 25.24% variable
Earn 50,000 bonus miles after spending $3,000 on purchases within the first 3 months from account opening.
None
$0
17.99% to 24.99% variable
50,000 bonus points after you spend $2,000 on purchases in your first 3 months from your account opening.

Compare up to 4 providers

Promoted
Travelex Money Card

Why we like: Travelex Money Card

Load GBP, EUR, CAD, AUD, JPY or MXN onto this prepaid travel money card and use it at millions of locations worldwide.

  • Not linked to your bank account for safety.
  • Convert currency with a 5.50% Foreign Exchange Fee
  • Contactless payments
  • Reload, withdraw, or replace your card for free.

    How much should I budget to travel in Belgium?

    Belgium prices are indicative of the cost of travel throughout Western Europe. Like all places, you’ll find a range of prices to cater to the budget of all travelers.

    Brussels Budget Mid-range A royal experience
    Eat Sausage and onion baguette (street food)
    $5–$7
    Cream filled chocolate kisses (street food)
    $1 each
    $15–$50
    per dish
    Gourmet restaurant
    $350 per person
    Sleep Hostel
    $20–$30 per night
    2-star hotel
    $100 per night
    5-star hotel
    $210–$500 per night
    Do See a movie at Cinematek
    $4.50
    Beer tasting tour
    $80 per person
    Chocolate tour and workshop
    $90 per person

    *Prices are approximate and based on summer seasonality and are subject to change.

    Exchange rate history

    Following the European debt crisis and global financial crisis, $1 will buy you about 0.80 to 0.90 euros. It’s difficult to predict which way the currency pair will move; however, you can lock in an exchange rate using a prepaid travel card if you have reason to believe euros will become more expensive to purchase during the course of your trip.

    How to send money to Belgium

    Back to top

    Should you take a travel card, a debit card or a credit card?

    If you had to pick one country where you could get around just using your card, it would be Belgium. More than 90% of all transactions in Belgium are handled with plastic. In the past, the Belgians have placed an emphasis on automating payment systems. Today, Visa and Mastercard can be used to pay for almost everything; while American Express and Diners Club are accepted in fewer places.

    A quick summary of travel money options for Belgium

    Travel money option Pros Cons
    Debit cards for travel
    • Save on currency conversion fees
    • Waived overseas ATM withdrawal fees
    • International transaction fees still apply
    Prepaid travel money cards
    • Hold different currencies
    • Save on currency conversion fees
    • ATM fees
    • Initial load fees
    • Reload fees
    • Inactivity fees
    Credit cards for travel
    • Waived currency conversion fees
    • Waived international ATM fees
    • Contactless payments
    • Interest-free period on purchases
    • Complimentary travel insurance
    • Cash advance fees
    Traveler’s checks
    • Acceptance
    • Security
    • Can be costly with initial purchase charges
    • Not all merchants accept traveler’s checks
    Cash
    • Payment flexibility
    • Convenience
    • More difficult to manage expenses
    • Higher risk of theft

    This table is a general summary of the travel money products on the market. Features and benefits can vary between cards.

    How do travel cards, credit cards, debit cards and more work in Belgium?

    Using a debit card

    A travel debit card provides the following features: no charge for currency conversion when you transact in euros and no international ATM withdrawal fee.

    • Tip: Make sure you tell your bank about your travel plans. As a security measure, your cards may be blocked after the first overseas transaction if you don’t.

    Using a travel money card

    Travel cards let you load American dollars, exchange American dollars to euros and lock in a rate so you can spend without paying an additional cost for currency conversion (3% on most credit cards and debit cards). Although you miss out on the currency conversion fee, you’ll pay when you first load the card with money, for each subsequent load thereafter or when you make a withdrawal from an ATM. Just so you know, some of these cards even charge you for ‘inactivity’. There are a number of countries in Europe which have not yet adopted the euro, for example Hungary, the Czech Republic and Poland. Compare other travel money products if you’re traveling to these countries as well as Belgium. The fee for currency conversion can be almost double what’s charged on a credit card when you spend using a currency not loaded on a prepaid travel card.

    Using credit cards

    Using a credit card in Belgium is easy to do. Find yourself a credit card that waives foreign transaction fees. Carrying a credit card gives you the added benefit of travel insurance and discounts, depending on your provider. For added savings, take advantage of the interest-free period by paying your balance in full each month.

    Cards that offer travel perks and waive fees often charge an annual fee, so make sure the fee is worth it before you bring it along on your travels. If you’re ever in a jam, credit cards also offer cash advances, though we don’t recommend it. You’ll pay high fees and interest rates apply the moment you get your money.

    Using traveler’s checks

    Traveler’s checks used to be a popular way to take money overseas; however, ATMs have largely replaced them. It’s possible to get local currency at a good rate 24/7 by using one of the many ATM machines located throughout Belgium — it’s typically cheaper too! If you want to take traveler’s checks to Europe, you can purchase checks at banks — American Express and Thomas Cook are popular providers. Checks can be cashed at Belgian banks, you’ll pay 1% to 4% commission when you do.

    Paying with cash in Belgium

    While it’s true that the majority of payments in Belgium are made with cards, it’s always a good idea to have some euro cash. You will find some smaller vendors that only accept cash.

    You can always send your money to Belgium ahead of time with a money transfer service and have it waiting to be picked up when you arrive.

    Back to top

    From Brussels to Bruges: Lincoln’s trip to Belgium

    man_bridge_Belgium_Shutterstock

    Belgium was on Lincoln’s must-visit list for a while. On his trip to Europe, he made sure a stop in Bruges and Ghent were on the itinerary. He visited the battlefields of Flanders in the city of Ypres first. And it wasn’t hard, Belgium is sandwiched between France and the Netherlands and only a couple of hours on a train from either Paris or Amsterdam.

    What cards did you take with you?

    • Charles Schwab debit card
    • Barclaycard Arrival Plus World Elite MasterCard

    Why did you take these cards?

    He took his Charles Schwab because it not only doesn’t charge any international transaction fees, but it doesn’t charge for ATM withdrawals. The Barclaycard Arrival Plus World Elite MasterCard is accepted worldwide and helped Lincoln earn some big rewards for his travel spending without paying fees for foreign transactions or conversions.

    Where can you use your cards?

    Lincoln did some day to day shopping at Carrefour hypermarkets (big supermarkets) and Carrefour Express (smaller stores). Carrefour had contactless terminals at the checkout so Lincoln says he had no issues using his card to pay for food, toiletries, alcohol and more. He says there was no minimum transaction limit either. The only time he was required to pay cash was when he picked up a snack from a man selling hot dogs on the street.

    Did you make ATM withdrawals?

    While Lincoln says was able to use his debit card freely to make purchases at shops, he still wanted to have cash in his pocket at all times. He says every ATM he saw supported Mastercard and Visa. Lincoln didn’t pay anything to make ATM withdrawals in Belgium — ATMs in Belgium don’t charge a local ATM operator fee.

    Do you have recommendations for the best travel money for Belgium?

    He says it’s that easy to pay with card in Belgium, along with most of Western Europe. His main concern was avoiding the currency conversion fee when he used his card to pay over the counter. He knew from a previous trip that there was no charge to use ATMs, so find a debit or travel card that waives foreign ATM withdrawal fees.

    What are your travel tips?

    • Get the metro pass. He says you can save quite a bit of money if you buy the metro pass(MOBIB Basic Card) rather than individual tickets. Ten trips on the MOBIB cards costs about €10 whereas buying 10 individual tickets can be double.
    • Tipping isn’t expected. Lincoln says tips are included in the bill when you pay and to only leave a tip if you believe the service went above and beyond.
    • Don’t drink too much beer. Belgium has more breweries per capita than anywhere else on Earth, so you can see how it would be easy to drink the days away. Lincoln says that too much beer will blow your budget quicker than you can say, ‘Une autre pinte, s’il vous plaît’ (another pint, please).
    Back to top

    Exchanging cash

    You’ll be able to cash foreign currency in banks, hotels, at airports and train stations and in a number of exchange bureaus located in Belgian cities. Rates and commission charges are reasonably priced in Belgium compared with other destinations. For the best rates, stick to banks and exchange offices in the center of town. Exchange offices at the airport will have poorer rates than those located in the city center. Banks are open from about 9 a.m. to 4 p.m., Monday to Friday.

    What exchange rate will you get?

    Credit card and debit card transactions often use the lender (Visa, Mastercard etc.) exchange rate. This rate is usually better than what you’ll get using a travel card and is pretty close to the market rate.

    • Tip: You may be charged an additional surcharge if you use your credit card to pay at restaurants and like businesses in Belgium.

    Why you’ll need a combination of travel money options

    A combination of travel money products is going to give you peace of mind, preparing you for any financial surprises. Credit card will give you money in an emergency or if you blow your budget. But beware — it’s easy to rack up a big balance while traveling in Europe, so use it sparingly.

    A travel debit card or prepaid travel money card helps you manage your money while traveling in Belgium. Save some money in fees by finding a card that waives foreign transaction fees. It’s up to you which mix of products you take — the important thing is you have more than one way to access your travel funds.

    Belgium offers travelers a chance to experience the charm of old-world continental Europe in a highly modern setting. It’s important that you have more than one way to access your money anytime you travel.

    Back to top

    Get travel insurance quotes for your vacation in Belgium

    Name Product Trip Cancellation Emergency Medical Expenses Baggage Coverage Trip delay
    100%
    $15,000
    $500
    $500
    Essential travel coverage — with the option to customize — that can protect the cost of your trip.
    $10,000
    $1,000
    $100
    Protect the cost of your flight and choose the coverage amount that meets your needs — trip delay protection included.
    $50,000
    $2,000
    $1,000
    Budget-friendly policy designed for international and domestic travelers who want medical protection. Trip cancellation and trip interruption not included.
    $20,000
    $1,000
    $600
    Annual policy that offers affordable protection, but doesn't include trip cancellation or trip interruption.
    100%
    $15,000
    $750
    $500
    Basic policy with coverage that includes trip cancellation insurance, tourist health insurance and baggage insurance.

    Compare up to 4 providers

    Back to top
    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site