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Travel money guide: Spain

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Spend with convenience and avoid unnecessary fees on your vacation to Spain.

Hola, amigos! Are you planning a trip to the land of bullfights and rich history? Organize your travel money options ahead of time and you can spend more time soaking in the rich culture rather than worrying how you’re going to pay your way. One of the things that makes Spain so travel friendly is the use of euros as the national currency.

But when you go abroad, the way you take and spend your travel money can make a difference to your hip-pocket. Foreign ATM fees, currency conversion fees and foreign transaction fees can eat at your travel budget. The good news is that if you take the time to get your finances in order before you go, you can easily avoid all the extra charges, and have more to spend on sangria instead.

Compare travel cards for Spain

Updated August 19th, 2018
Name Product Currency Conversion Fee Annual Fee APR (Annual Percentage Rate) for Purchases
None
$195
16.74% variable
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
None
$0
14.74%, 18.74% or 24.74% variable
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
None
$495
16.74% variable
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
None
$995
16.74% variable
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
None
$0 annual fee for the first year ( thereafter)
16.74%, 22.49% or 25.49% variable
Get 4 points back on dining, 3 on travel, 2 on Uber rides and online shopping and 1 on other purchases, and redeem points for Uber credits, gift cards or cash back.
None
$0
16.74% to 24.74% variable
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
None
$0 annual fee for the first year ($95 thereafter)
14.74%, 21.24% or 24.74% variable
Earn 50,000 bonus miles after spending $3,000 on purchases within the first 3 months from account opening.
None
$0 annual fee for the first year ($95 thereafter)
17.74% to 24.74% variable
Earn 50,000 points when you spend $4,000 on purchases within the first 3 months of your account opening, and an additional 30,000 points when you spend a total of $30,000 on purchases within the first year of your account opening.
None
$95
17.74% to 24.74% variable
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
None
$450
17.74% to 24.74% variable
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
None
$550
None (Charge Card)
Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on amextravel.com.
None
$450
17.74% to 24.74% variable
Enjoy United Club membership, Premier Access® travel services, free checked bags, plus earn miles on every purchase.
None
$75
16.74% to 24.74% variable
Buy one ticket, get one for just the taxes and fees ($0 fare plus taxes and fees from just $22) after you make $1,000 or more in purchases within the first 90 days of your account opening. There are no blackout dates.
None
$195
17.49% to 26.49% variable
Earn 70,000 Bonus Miles and 10,000 Medallion® Qualification Miles(MQMs) after spending $3,000 in purchases on your new Card in your first 3 months.

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.

    What should I budget for my trip to Spain?

    Spain is a bit smaller than the size of Texas, and prices throughout the country vary. Cities like Barcelona and Madrid tend to charge more for accommodations and food. On average you can expect to spend between $50 to $350 a day.

    Madrid Budget Midrange Luxury
    eat-in-greece

    Street food and tapas
    $10

    Seafood paella and wine
    $15

    Seafood dinner with wine
    $50 per person

    accomodations-in-greece

    Hostel
    $15–$125 per night

    4 star hotel in the city center
    $85

    5 star hotel with a view
    $150
    Explore Plaza Mayor and Madrid’s Royal Palace for free

    Entry to the Reina Sofia National Museum
    $10

    Private guided 1/2 day tour of Madrid
    $150

    *Prices are indicative and subject to change

    Exchange rate history

    The euro, though a young currency, has historically stood up to the USD. If you watch forex markets and finda favorable rate, lock it in with a travel money card or traveler’s checks.

    Send a money transfer to Spain

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    Travel card, debit card or credit card?

    The national currency for Spain is the euro. As one of the major global currencies, all travel cards let you load and spend euros. But is a travel card the best travel money product for your trip? Visa and Mastercard have wide acceptance at shops and ATMs throughout Spain. You can use your debit card or credit card like you would in the US, just look for cards that waive the currency conversion fee when you spend.
    How to use a credit card in Spain

    Travel money options for Spain at a glance

    Travel money option Pros Considerations
    Debit cards
    • Use at stores and hotels, online and ATMs
    • Protected by PIN & chip
    • Spending your own money means avoiding interest charges
    • No back-up card if you lose it on your trip
    • Some charge currency conversion and ATM fees
    Prepaid travel money cards
    • Lock in exchange rate when you convert USD to EUR
    • Protected by PIN & chip
    • Emergency card replacement and backup cards.
    • Reloadable online
    • Pay a currency conversion fee to use USD
    • Often charge ATM fees
    Credit cards
    • Protected by PIN & chip
    • Accepted worldwide
    • May come with benefits like travel insurance
    • Interest-free days when you pay your account in full
      • Emergency card replacement

      • You’ll pay a lot for a cash advance
      • Rewards program may cost more than they are worth
      Traveler’s checks
      • Accepted at most banks and hotels
      • Security
      • Can be costly with initial purchase charges
      • Not all merchants accept traveler’s checks
      Cash
      • Greater payment flexibility
      • Convenience
      • More difficult to manage expenses
      • Higher risk of theft

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

      How each travel money option works in Spain

      Here’s how different travel money products work in Spain.

      Using travel prepaid cards

      Travel cards can lock in conversion rates once you load USD. Use it for purchases without worrying about rates each time you spend — debit and credit cards often charge 3% for each transaction.

      Where you save in the conversion rates you may pay in fees. You’ll pay fees each time you load the card, ATM withdrawals and sometimes even an inactivity fee.

      • Tip: Banks that provide travel cards make money by applying a higher margin to the exchange rate. You can get a better rate using a debit card or credit card.

      Using debit cards

      Travel-friendly debit cards can give you the best of both worlds: spending money you have and withdrawing it without paying international service fees. There are plenty of ATMs in Spain, and should have no problem accessing money when you need it. If you have a debit card with Visa or Mastercard, you’ll be able to make over the counter purchases.

      • Tip: Make sure your debit card has a chip to avoid situations where you card won’t be accepted.

      Using credit cards

      There are a number of competitive credit card products designed for travelers, and the best for travel to Spain won’t charge foreign transaction or international ATM 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.

      We don’t advise using your credit card to get cash from an ATM. Cash advance charges and interest can add up quickly and eat away your available credit.

      • Tip: Some credit cards offer complimentary international travel insurance when you charge the cost of your travel ticket to your card.

      Using traveler’s checks

      Security is the main advantage of using traveler’s checks. Each check has a unique serial number and can only be cashed with photo identification. Fees are the main disadvantage. Banks charge you to get checks and to cash them. You’re better off using a debit or travel card which lets you make cheap or free ATM withdrawals to get euro for your travel.

      • Tip: Traveler’s checks are good for locking in a good exchange rate. So if you watch the forex market, get them while the getting’s good.

      Paying with cash in Spain

      It is advisable to always have some cash with you when you travel. You can expect to need cash for things like coffee and tapa shops and anytime you need to make a purchase for anything between €10 and €20. When you’re visiting the larger cities of Madrid, Barcelona and Seville, you should be able to live on your credit and debit cards. Keep in mind that you’re going to need cash for purchases under at most shops.

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

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      Interview with Michael about travel money on his trip to Spain

      Merrymaking in Barcelona and Madrid

      Michael left Paris to visit Barcelona and Madrid on his way to Lisbon. He traveled on the Eurostar to get from city to city, and found it a bit expensive. But it saved him a lot of time that he could have wasted on a bus. Barcelona was his first stop where he found the Sagrada Familia and the Gothic Quarter to be the highlights of the city. He traveled a bit in the Catalonia countryside and then headed to Madrid where he spent a week.

      What cards did you take?

      Michael says he took two credit cards and one debit card to Spain.

      Simmons Visa®

      Chase Sapphire Preferred® credit card

      Bank of America debit card

        Why did you take these cards?

        Michael used his Chase Sapphire for big purchases like his Eurostar and airline tickets and hotel stays. He likes this card because not only does it waive the foreign transaction fees, it also offers rewards for travel that he can use towards his next trip abroad. The Simmons Visa® is the card he uses most at home because of the low APR — but it also offers travel insurance. To access his cash, Michael brought his Bank of America debit card because it was part of the Global ATM Alliance. He was able to find Deutsche Banks to withdraw money, without paying transaction fees.

        Where could you use your cards?

        Michael said he used his card more than cash in Madrid where there were lots of places that accepted Mastercard and Visa. Most places required him to purchase a minimum of 10 or 20 euro, but he found supermarkets like Mercadona and Carrefour didn’t require one.

        Did you use ATMs?

        Michael says he made withdrawals from ATMs from Deutsche Bank because it was part of the Global ATM Alliance to save him on fees. He didn’t have to look far to find one of these machines anywhere in Spain.

        What tips do you have about travel in Spain?

        He was offered the Madrid tourist card, offering entry to museums, free guide books and access to guided tours. He turned it down because he found it pricey at €50 for a 1 day pass. He thought that it could be worth it if he was interested in seeing lots of museums while he was in Madrid. Michael also says watch out for the Value Added Tax (IVA) tax, which isn’t included in some bills and can be as high as 20%.

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        Buying currency in the US

        There’s no limit to the amount of cash you can bring with you to Spain. However, you’ll need to make a declaration at customs if you’re traveling with more than €10,000 cash, including traveler’s checks). You bank will sell you euros at a competitive rate, though you’ll pay a commission fee. You can use a money transfer company like Western Union or Travelex to order euros and pick them up once you arrive at the Spanish airport. They don’t charge a commission and that can offer a slightly better rate than most banks.

        Exchanging cash

        If you wait to exchange your money in Spain you’ll have lots of choices in Barcelona and Madrid. You’ll find better rates if you venture away from tourist attractions. Try not to exchange your money at the airport if you want the most competitive rates.

        Using ATMs

        You’ll be able to find ATMs in all Spanish towns and cities, gas stations, shopping centers and bus and train stations. Bank affiliated ATMs generally won’t charge you for usage except for Catalunya Caixa Bank, who will charge a couple of eruros. Most ATMs, and almost all in larger towns and cities will have an English option.

        • Tip: Bank of America cardholders can avoid the international ATM fee by making withdrawals from Deutsche Bank in Spain.

        Why you’ll need a combination of travel money options

        You’ll need to take a variety of spending options on your trip to the Iberian Peninsula.Use a debit card or a travel card to withdraw cash from ATMs and for over the counter purchases, and save your credit card for emergencies and big ticket purchases. Credit cards can offer up to 30 days interest free on purchases if you pay your account by the statement due date. And there are cards that provide travel insurance and travel perks. By spreading your travel money across a couple of accounts, you won’t be caught without cash if a card goes missing. Travelers to Spain may be surprised at how easy it is to get by without spending a fortune. With a few travel money tricks up your sleeve, it’s easy to sample all of the joys of Spain, from flamenco to Dali.

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        Get travel insurance quotes for your holiday in Spain

        Details Features
        Seven Corners Trip Protection Insurance
        Seven Corners Trip Protection Insurance
        Travel with a smile - protect your trip cost, your medical expenses, & your belongings.
        • Emergency Accident & Sickness Medical Expenses up to $250,000
        • Trip Cancellation – 100% of Trip Cost
        • Trip Interruption – up to 150% of Trip Cost
        • Political Evacuation - $20,000
        • Lost, Stolen or Damaged Baggage – up to $2,500
        • Emergency Medical Evacuation – up to $1 million
        Go to site More info
        Travelex Travel Max
        Travelex Travel Max
        TravelEx's most comprehensive protection plan for the comprehensive traveler. Offers optional Cancel For Any Reason upgrade.
        • Trip Cancellation - 100% of Insured Trip Cost
        • Trip Interruption - 150% of Insured Trip Cost
        • Trip Delay - $1000
        • Medical Expense Benefits - $100,000
        Go to site More info
        RoamRight Travel Insurance Essential
        RoamRight Travel Insurance Essential
        RoamRight’s Essential travel insurance package can be broken down into three critical parts: Trip Cancellation insurance, tourist health insurance, and baggage insurance.
        • Cancellation Cover - 100% Cost of Trip
        • Emergency Medical Expenses - $15,000
        • Emergency Evacuation and Repatriation - $150,000
        • Baggage and Personal Effects Cover - $750
        Go to site More info
        STA Travel Standard International
        STA Travel Standard International
        Get affordable cover for the essentials of options with STA's mid-level cover policy. This option will still provide up to $1500 in luggage cover and up to $100,000 in medical cover.
        • Trip Cancellation Cover - 100% of trip cost insured up to $10,000
        • Emergency Medical Expenses Cover - Up to $100,000
        • Baggage and Personal Effects - Up to $1,500
        • Trip Delay - Up to $500
        Go to site More info
        RoamRight Travel Insurance Preferred
        RoamRight Travel Insurance Preferred
        As the name implies, the Preferred package provides coverage for most trips and vacations.
        • Cancellation Cover - 100% Cost of Trip
        • Emergency Accident & Medical Expenses - $50,000
        • Emergency Evacuation and Repatriation - $500,000
        • Accidental Death and Dismemberment - $10,000
        Go to site More info
        Travelex Cancel for Any Reason
        Travelex Cancel for Any Reason
        Cancel For Any reason upgrade available with the Travel Max plan. Cancel for any reason - no questions asked.
        • Reimburses up to 75% of the insured trip cost
        • 100% cover if delayed to departure and loose at least 30%
        Go to site More info
        Atlas Travel
        Atlas Travel
        Provides customizable coverage for specific losses. Cover can be tailored to provide a balance between the basic essentials and premium cover.
        • Illness and Injury Cover - Up to $1 million
        • Emergency Medical Evacuation - Up to $1 million
        • Lost Checked Luggage - Up to $500
        • Travel Delay - $100/day up to 2 days
        Go to site More info
        Atlas Premium
        Atlas Premium
        Provides quality cover for a range of benefits with higher cover limits. Premium plan is perfect for travellers with health concerns looking for total protective cover.
        • Illness and Injury Cover - Up to $2 million
        • Emergency Medical Evacuation - Up to $1 million
        • Lost Checked Luggage - Up to $1,000
        • Travel Delay - $200/day up to 2 days
        Go to site More info
        Travelex Flight Insure Plus
        Travelex Flight Insure Plus
        Provides option to choose between different levels of flight insurance protection.
        • Flight Accident AD&D - Up to $1 Million
        • Baggage - $2,000
        • Medical Expense Benefits - $2,500
        • Medical Evacuation / Repatriation - $25,000
        Go to site More info
        STA Travel Explorer Plus
        STA Travel Explorer Plus
        Get premiere cover for a whole range of options with STA's premium policy. This option will still provide up to $100,000 in medical expense cover and up to $3,000 in cancellation cover.
        • Trip Cancellation Cover - $3,000
        • Emergency Medical Expenses Cover - Up to $100,000
        • Baggage and Personal Effects - Up to $2,500
        • Trip Delay - Up to $1,000
        Go to site More info
        Allianz Domestic Travel Insurance
        Allianz Domestic Travel Insurance
        Allianz Domestic Travel Insurance makes sure you are covered incase your planned trip unexpectedly goes awry.
        • Trip coverage - Depends on plan
        • Baggage coverage - Up to $1,000
        • 24-hour hotline assistance
        • Existing medical coverage - Up to $500,000
        Go to site More info
        Allianz International Travel Insurance
        Allianz International Travel Insurance
        If you frequently travel abroad and want extra coverage in case you get sick, injured, or need to cancel your trip, Allianz International Travel Insurance is the perfect solution.
        • Trip coverage - Depends on plan
        • Baggage coverage - Up to $1,000
        • 24-hour hotline assistance
        • Existing medical coverage - Up to $1,000,000
        Go to site More info
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