Travel should be about adventure, discovery and relaxation. You’ll find that when you explore the largest synagogue in Europe, Memento Park and Budapest, considered the “Paris of the East.”
A credit card will serve you best during your travels, particularly one that waives foreign transaction fees like the Capital One VentureOne Rewards Credit Card. But you’ll want to keep some Hungarian forint on hand — the country’s national currency — for any stops that don’t accept plastic.
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The easiest and cheapest route to spending is a travel-friendly card that doesn’t charge for international ATM withdrawals — bonus if it also has no currency conversion fee. Visa and Mastercard are widely accepted under the Maestro and Cirrus brands. While you can probably get by in Budapest with your card, know that most businesses are still cash-based outside the capital and some provincial cities.
Don’t rely on one product. Debit cards let you spend your own money, but a credit card will protect you in emergencies.
With so much to see and do in Hungary, it makes sense to get your finances in order before you arrive. Your budget should pay for your travel experiences, not bank fees.
You won’t have any trouble using a credit card in Hungary — although American Express is accepted at fewer places. Find yourself a credit card that waives foreign transaction fees, like the Capital One Venture Rewards Credit Card.
Carrying a credit card gives you the added benefit of travel insurance and discounts, depending on your provider. Depending on your travel habits, these perks can offer a lot of value, so compare travel cards before making your final decision.
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.
Visa and Mastercard are widely accepted across Hungary. American Express credit cards are more widely accepted than Discover cards. Even so, you can still find places with the Diners Club logo that accept Discover.
Citibank and Bank of Budapest ATMs accept Discover cards. OTP Bank and Euronet ATMs, among others, accept American Express credit cards.
| Merchant acceptance | ATM acceptance | |
|---|---|---|
Visa |  High | High |
Mastercard | High | High |
American Express |  Medium | High |
Discover |  Low | Low |
Explore top debit cards with no foreign transaction fees and travel credit cards by using the tabs to narrow down your options. Select Compare for up to four products to see their benefits side by side.
A debit card could be a good travel money choice to take to Hungary. You’ll have access to cash each time you come across an ATM without carrying lots of cash on you all at once. Because you’re spending your own money, you avoid interest charges.
To save on additional charges, find a bank that waives international ATM fees and doesn’t charge a monthly account keeping fee, like Betterment Checking. You’ll also find that some Hungarian Banks don’t charge local ATM operator fees — so you’re only on the hook for the exchange rate.
No travel cards support Hungarian forint, so look for a card that waives currency conversion fee, such as Travelex. It won’t charge for currency conversion when you spend in lira, which can be higher than what you’d pay if you use your regular debit or credit card.
The downside is these cards charge a couple of dollars for international ATM withdrawal in Hungary. Load these cards with euros to use at some merchants— but don’t count on it. And you won’t get the best exchange rate.
Use the Hungarian forint when you can. Though some merchants accept euros, but you’ll get a poor exchange rate.
Today, traveler’s checks are unnecessary. Security is the main advantage of traveler’s checks, but now card providers have money back guarantees if you’re the victim of card fraud too. Check our guide on how to avoid credit card fraud.
If you want Hungarian currency once you arrive in Hungary, look at money exchange services like Travelex. Buy Hungarian forints and pick up the cash at major airports or from one of the many Travelex locations throughout the US.
The Hungarian forint sits at roughly 250 to 300 forint to 1 dollar. If you arrive in Hungary without cash, you can withdraw forints from an ATM or you can exchange funds at the airport — for a poor rate. Change only a small amount to get you to the main city.
Foreign currency exchange spots are very accessible in Budapest and in smaller cities, towns and frequented tourist hot spots like Lake Balaton — most will charge a small commission.
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ATMs are everywhere in Budapest and widely available in other small cities, towns and villages. Hungarian banks do not charge additional ATM usage fees, so the amount it costs to take money out from an ATM will depend on the fees from your bank. Find a bank that doesn’t charge international ATM fees, like Betterment Checking, to further save on costs.
Third-party ATMs are also common in Hungary and often found at gas stations and in bars, but many charge a flat rate for usage. Almost all ATMs will ask up front if you prefer English, German or Hungarian.
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Generally speaking, Hungary offers tourists safe and easygoing travel. Petty crime, such as pickpocketing and purse-snatching, can happen, though. Always be aware of your surroundings and take extra precaution in busy marketplaces or while using public transportation.
Never leave your belongings unattended, and keep your wallet in your pocket. One effective option is to wear a money belt to keep your funds hidden and out of reach.
Hungary is no longer the dirt-cheap destination it was before joining the EU, but it’s among the most affordable countries in Europe. But travelers to Hungary and Budapest will still be surprised how far their dollar will go, especially after leaving the big cities.
Budget travelers can get by on less than $40 a day, while mid-range travelers could budget less than $100. There are plenty of opportunities to indulge while in Budapest.
Official statistics estimate that the daily costs of living and traveling in Hungary are between one-third to one-half when compared with Western Europe. All prices are in US dollars.
| Luxury vacation | Budget vacation | |
|---|---|---|
| Meals | Feast on gourmet Hungarian and international food and wine at one of Budapest’s celebrated restaurants. $120 per person | Munch on street food or eat in one of the many cafeteria-style eateries around the city. $1.50–$4.00 per meal $1.25 for a half-liter of beer |
| Activities | The ballet at the National Opera Theatre. $80 per ticket | City’s nightlife quarter any night of the week for live music, hole-in-the-wall venues, exhibitions and parties. Free–$2 |
| Accommodation | A night in one of Budapest’s famous 5-star hotels. $275 per night | Backpacker hostels. $10 per night for off-season, double it for the summer |
Prices are approximate and are subject to change.
What travel money tips do you have for Hungary?
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