Compare travel money options for Thailand |

Travel money guide: Thailand

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Compare travel cards, debit cards, credit cards and other travel money options to see you through your vacation of shopping and beach-hopping in Thailand.

Southeast Asia is a beautiful and cheap travel destination for Americans. The crystal clear beaches, colorful nightlife and magnetic culture combine to offer a great travel experience at a budget price. But even though it’s cheap, picking the right travel money can make a trip to the Land of Smiles even more affordable.

The Thai baht, the currency of Thailand, will go far on your vacation, with more than affordable food, lodging and transportation. Be sure to exchange your money when you arrive a the airport, as USD is not accepted anywhere.

Major brands such as Visa and Mastercard are widely accepted in Thailand, although don’t expect to fund your vacation with your card alone. There are many businesses that only accept cash. ATMs are common, so find out how to spend with your card and make withdrawals without the fees.

Compare travel cards for Thailand

Updated September 22nd, 2018
Name Product Currency Conversion Fee Annual Fee APR (Annual Percentage Rate) for Purchases
16.74% variable
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
14.74%, 18.74% or 24.74% variable
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
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.
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.
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.
16.74% to 24.74% variable
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
$0 annual fee for the first year ($95 thereafter)
14.74%, 21.24% or 24.74% variable
$0 annual fee for the first year ($95 thereafter)
17.74% to 24.74% variable
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
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.
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 (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
17.74% to 24.74% variable
Enjoy United Club membership, Premier Access® travel services, free checked bags, plus earn miles on every purchase.
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.
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

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 baht do I need to bring to Thailand?

    The average Thai lives on a less than 7,750 THB per month in Bangkok — less than $300 a month. Although prices in Thailand are increasing steadily each year as a result of tourism, it’s still a budget destination for American travelers. By taking local buses, eating street food, and drinking local beer, you can live on $25 a day — including a bed in a hostel. Staying at in a hotel and eating in restaurants you can spend as little as $70 a day. For a more luxurious stay you can spend as little at $200 a day.

    Some of the daily costs for a Thailand vacation

    Bangkok Budget Midrange Expensive
    $5–$10 per night
    2 star hotel
    $30–$50 per night
    5 star hotel
    $90–$150 per night
    to-eat Khao Gang (curried rice/street food)
    Gaeng Kiew Waan (Green curry with fish balls/restaurant)
    5 star restaurant
    $75 or more for 3 courses and drinks
    shop Marketing shopping on Koh Sahn Road Bangkok food tour
    $30 per person
    Rent a Lamborghini
    $1,500 for a day

    *Prices are indicative and subject to change

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    Which travel cards, debit cards and credit cards?

    Visa and Mastercard branded travel, debit and credit cards can be used for over the counter purchases and ATM withdrawals in Thailand. Credit cards are accepted at hotels and some hostels, food at medium to large restaurants and when shopping at department stores and retailers. It’s harder to find retailers that accept American Express, so plan on bringing a variety of cards just in case. For your trips outside the big cities, you’ll need to take cash for all of your expenses including lodging, restaurants and markets.

    You’ll find ATMs accept most major international bank cards throughout most of Thailand. Even if you have a card that doesn’t charge foreign withdrawal fees, you’ll find that Thai ATMs charge $4 to $5.

    Travel money options for Thailand at a glance

    Travel Money Option Pros Considerations
    Debit cards
    • Can be used at all ATM and merchants in Thailand
    • Charge less or $0 fee for ATM withdrawals
    • No currency conversion fee
    • ATM operator fees
    • No access to cash advance
    Prepaid travel money cards
    • Locked-in exchange rates
    • A safe way to carry money — protected by pin and signature and can easily be canceled
    • Comes with lots of fees for loading and reloading, inactivity and ATM withdrawals
    • Exchange rates are lower than credit cards and debit cards
    • Not all travel cards support baht
    Credit cards for travel
    • Rewards program and travel insurance
    • Waived international ATM and conversion fees
    • Interest-free days on purchases
    • Overseas ATM fees and currency conversion fees
    • Cash advances accrue interest from the moment of withdrawal
    • American Express and Diner Club are not accepted in many places
    Traveler’s checks
    • Accepted at most banks
    • Security
    • A commission fee applies
    • Accepted anywhere
    • Convenient
    • More difficult to manage expenses
    • High 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 travel cards, debit cards, credit cards and traveler’s checks work in Thailand

    Using a prepaid travel card

    Travel cards are useful if the card you choose allows you to convert US dollars into Thai baht. And consider the currencies of neighboring countries if you’re traveling to other Southeast Asian countries on your vacation. If you pick a travel card which can’t hold baht, you’ll pay a currency conversion fee when you make a purchase or withdrawal in Thailand.

    In this case, a travel money card will cost you more to use than the cards you already have in your wallet. Some travel cards don’t charge for currency conversion; however, these cards will certainly charge you to make an ATM withdrawal. There are issue, reload and inactivity fees to consider as well as ATM and currency conversion fees.

    Using debit cards

    Most debit cards will charge a currency conversion fee when you use the card to make a purchase or withdrawal in Thai baht. The Charles Schwab account card waives these fees and allows you to use any ATM for no charge.

    In addition to a currency conversion fee, most ATMs in Thailand charge between $4 to $5 fees. Your best bet is to withdraw the maximum amount — 20,000 baht to avoid incurring too many fees.

    • Tip: Many ATMs offer to automatically convert the charges to your home currency, also called dynamic currency conversion. This exchange rate will be lower, so always refuse this offer.

    Using a credit card

    Credit cards give you the most purchasing power on expensive items like hotels and flights when traveling in Thailand. 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.

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

    Using traveler’s checks

    Unlike other countries, American Express traveler’s checks can be easily cashed in Thailand at exchange offices and banks. However, debit cards and travel cards have largely replaced them. Although you can get a better rate transferring funds using traveler’s checks, you’ll pay a 153 THB fee to cash each check. So it’s best to get your checks in larger denominations so you’ll have less checks to cash.

    • Tip: Some enjoy the security that traveler’s checks offer. You must have your passport each time you cash your checks — protecting you if they are lost or stolen.

    Getting a refund if you’re the victim of a fraudulent transaction

    Paying with cash in Thailand

    Make an ATM withdrawal when you arrive or exchange USD at an exchange office or bank to get Thai baht. You won’t pay a commission to get cash changed, but avoid exchanging cash at hotels, hostels and guesthouses as you’ll get a bad rate. There at no fees or commissions to exchange your money at the airport, though you may not get the best rate.

    Look for exchange shops like Super Rich and Value Plus who offer the best rates in Thailand. To avoid losing money to fraud or error, be sure to count your money before you leave the exchange counter.

    • Tip: The people in Thailand expect everyone to respect their currency, that depicts the royal family, by not stepping on it and keeping in clean.

    Currency in Thailand

    The baht is divided into 100 satang and is issued by the bank of Thailand and is the 10th most traded currency in the world. All currency — paper and coin — depicts the portrait of His Majesty King Bhumibol Adulyadej or a deceased relative. There are strict laws in place that prohibits verbal, physical or written that insults or disrespects the royal family. This means treating the money with respect by not stepping on it, throwing it, tearing or defacing it in any way.


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    Buying baht in the US

    Interview with Justin about travel money in Thailand

    Justin T.

    Justin visited Thailand with his friends, spending a full three weeks exploring the Bangkok and the southern region. They flew into Bangkok and spent some time temple-spotting and exploring Koh Sahn Road before jumping on another plane and heading south to Phuket. We interviewed him about his travel money experience.

    What travel cards did you take with you?

    Justin took these cards with him to Thailand:

    Why did you take these cards?

    • Barclaycard. With no foreign exchange fees and travel insurance, he used this anytime he could use a credit card. Justin purchased his airline and excursion tickets on this card because he knew he would earn some great reward points that could help fund his next trip abroad.
    • Charles Schwab. This is Justin’s main bank card and he was able to make withdrawals without paying foreign transaction or conversion fees.
    • Simmons Visa®. He took this as a back up because there is no annual fee and has a low APR of 10% Variable.

    What about ATM withdrawals?

    Justin was able to slide past those ATM fees using his Schwab debit card. Even though the banks in Thailand charge $4 to $5, his bank waives all ATM fees.

    Were there any places that you found your cards weren’t accepted?

    Justin says to look for the Mastercard or Visa logo at the ATM machine for an indication of whether your card will be accepted. He says there were instances when Mastercard was preferred over Visa, particularly merchants in Phuket markets. When he shopped in Phuket, the businesses owners would add a tax to the price of the item for using a Visa card.

    How much cash would you need for a ten day vacation?

    Justin says it depends on where you’re going and what you’re doing. He says he spent about $1,500 on tours, hotels, shopping, food and going out over three weeks.

    What money tips do you have to anyone travelling to Thailand?

    He says to be realistic about your travel budget. Be sure to have access to plenty of cash, because you’ll need it for shopping at the markets and anytime you leave the large cities. Another pro tip: Monday is cleaning day in Bangkok, so many of the street food vendors take the day off — so plan on other eating options that day.

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    Buying baht in the US

    It’s best to wait till you arrive in Thailand before buying Thai baht. The best way to get baht is to make an ATM withdrawal using an account that doesn’t charge an international ATM or currency conversion fee. You can do this at the airport as soon as you arrive and throughout your trip when you need more cash. You’ll pay a couple of dollars each time you withdraw baht from a Thai ATM, but this will be cheaper than paying the exchange office commission and Visa and Mastercard gives you one of the best rates on the market.

    If you do want to purchase baht in the US, you can buy foreign cash at these financial and foreign exchange institutions:

    ATM withdrawals in Thailand

    Thai ATMs charge a 180THB fee when you make an ATM withdrawal using your credit, debit or travel card. Aeon ATMs charge 150THB per for each withdrawal. Using a Citi card and a Citi ATM is free.

    • Tip: Currently, there are no ATM machines on the island of Ko Lipe near the Malacca Strait, so make sure you’re carrying more than enough cash when you travel there.

    Why you’ll need a combination of travel money options

    As they say, you should never carry all of your eggs in one basket. The same runs true for your money when you travel. No one product will be the best option for your vacation, so using several methods will give you greater accessibility and security.

    For example, a credit card gives you peace of mind of not being stuck without money in case of an emergency. Plus, you could get additional perks like complimentary travel insurance and rewards. A travel card can be valuable if it allows you to load Thai baht, however, you’ll pay ATM withdrawal fees charged on both ends. A debit card like the Charles Schwab will let you withdraw money for less. Spread your travel budget across a couple of cards so you have multiple ways to access your money. Be savvy with your budget and apply for a product that saves you at least the currency conversion and international ATM fee.

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    Get travel insurance quotes for your vacation in Thailand

    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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    Kyle Morgan

    Kyle Morgan is a producer for who has worked for the USA Today network and Relix magazine, among other publications. He can be found writing about everything from the latest car loan stats to tips on saving money when traveling overseas. He lives in Asbury Park, where he loves exploring new places and sipping on hoppy beer. Oh, and he doesn't discriminate against buffalo wings — grilled or fried are just fine.

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