Using a credit card in Taiwan

Get a card without foreign transaction fees and decline "dynamic currency conversion" to avoid paying unnecessary fees.

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By

Chris Lilly

Updated

Fact checked

You’ll find that Mastercard and Visa are more popular in Taiwan than American Express, but you can still pay with your Amex card in some places or use an ATM. Despite that, Taiwan is still mostly dependent on cash. In some places, like family restaurants or small shops, you may not be able to pay with your credit card at all.

There are a few potential fees to watch out for when you’re paying with plastic:

  • Foreign transaction fees. A non-sterling fee of around 3% per transaction can apply, depending on your credit card. That’s £30 in fees for every £1,000 spent with your card.
  • Merchant currency conversion fees. Sometimes, a merchant will offer to take payment in pounds instead of in New Taiwan dollars. This is known as a dynamic currency conversion (DCC) and often comes with higher fees than if you paid in the local currency.
  • Cash advance fees. Your card issuer may charge a fee for cash advances (withdrawing cash using your credit card). Cash machine providers sometimes charge a fee too.
  • ATM fees. The provider of a cash machine may charge a fee if you withdraw cash using your card.

It’s also worth noting that when it comes to cash advances and non-sterling transactions, card issuers will often start charging interest on the day your account is debited, rather than the customary “up to 55 days interest-free” that applies when you clear your balance in full each month.

Here’s a section of a fairly typical T&Cs document showing the charges applicable when spending abroad:

section of credit card summary box document

How can I avoid the fees?

Consider taking out a credit card offering commission-free currency conversion (see table below), even if you only use it when you’re out of the country. Once you have one of these cards, if a merchant offers to take payment in pounds, say you’re happy to pay in New Taiwan dollars, since you know your own bank won’t charge you for the privilege.

Generally speaking it’s not a great idea to use a credit card to withdraw cash, but some travel credit cards won’t penalise you for this either. Finally, make sure to check whether the ATM you use is going to charge a fee. Bank ATMs are generally a safer bet than those in convenience stores or bars.

Are American Express cards accepted in Taiwan?

American Express cards are accepted in Taiwan, but not as much as Visa and Mastercard are. If you want to withdraw cash with your Amex card, look for Chinatrust Commercial Bank ATMs.

Chip-and-PIN credit cards

You shouldn’t have any problem if you have a chip-and-PIN card. Just make sure the logo of your card matches the logo on the ATM or POS terminal.

Is it safe to use my credit card in Taiwan?

Yes, it’s safe to use your credit card in Taiwan. But for added security, consider the following precautions:

  • Use an ATM within a bank. This is particularly useful if for some reason the ATM holds your card. You’ll be able to quickly get it back with assistance from one of the branch employees. ATMs within a bank are also less likely to be tampered with.
  • Take two credit cards. You may lose your card or it may not work. By having a back-up card, you won’t be left without money.
  • Keep your card in sight. Although rare, card cloning can happen in Taiwan. To avoid this, make sure you keep your card in sight.

Do taxis in Taiwan accept credit cards?

In general, they don’t. But if you want to pay for your ride with a credit card, you can use Uber. Typically, Uber is less expensive than a regular taxi in Taiwan anyway.

How to prepare before traveling to Taiwan

  1. Get a credit card without foreign transaction fees. Most travel cards have no fees when used outside of the UK.
  2. Opt for Mastercard or Visa. They’re universally accepted, while American Express is less popular in Taiwan.
  3. Get a back-up card. If something happens to your primary card, you’ll have another card to help you out.
  4. Get some cash. If you need to use an ATM to withdraw cash, opt for one at the airport or in the city. ATMs in Taiwan have favourable exchange rates and usually have no additional fees.
  5. Inform your bank you’re travelling to Taiwan. If you don’t, your bank may consider your foreign transactions to be fraudulent and block your card. When you’re scheduling your trip, you can ask your bank if it has partner banks in Taiwan as well.
  6. Get your bank’s phone number. If you lose your card or have any other card-related issues, you’ll know who to call.

Bottom line

Credit cards aren’t as widely accepted in Taiwan as in other places, but they’re safe to use and you shouldn’t have a problem paying where credit cards are accepted. Your only issues might be the foreign transaction fees and DCC, but with the right credit card and by declining DCC when offered, you can save some money.

Compare cards with fee-free currency conversion in Taiwan

Table: sorted by representative APR, promoted deals first
Updated daily
Name Product Finder score Finder score Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
The Royal Bank Credit Card
The Royal Bank Credit Card
4.5
★★★★★
★★★★★
Expert analysis
12.9%
£0
Min. limit £250, max. limit not specified.
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
Go to site
Read review
NatWest Credit Card
NatWest Credit Card
4.5
★★★★★
★★★★★
Expert analysis
12.9%
£0
Min. limit £250, max. limit not specified.
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
Go to site
Read review
Santander All in One Credit Card
Santander All in One Credit Card
4.5
★★★★★
★★★★★
Expert analysis
0% for 15 months reverting to 23.9%
£3 per month
Min. limit £500, max. limit not specified.
29.8% APR (variable)
0.5% after £1 of monthly spend. Maximum of £10 cashback paid per month. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a. with a fee of £3 per month, your representative rate is 29.8% APR (variable).
Check eligibility
Read review
118 118 Money Guaranteed Rate Card
118 118 Money Guaranteed Rate Card
3.5
★★★★★
★★★★★
Expert analysis
34%
£0
Min. limit £500, max. limit not specified.
34% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable).
Check eligibility
Read review
NatWest Reward Black Credit Card
NatWest Reward Black Credit Card
4.0
★★★★★
★★★★★
Expert analysis
21.9%
£84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum
Min. limit £5,000, max. limit not specified.
40.7% APR (variable)
You'll earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum, your representative rate is 40.7% APR (variable).
Go to site
Read review
Royal Bank of Scotland Reward Black Credit Card
Royal Bank of Scotland Reward Black Credit Card
4.0
★★★★★
★★★★★
Expert analysis
21.9%
£84 per annum. Reward Black Current Account holders: £0 per annum
Min. limit £5,000, max. limit not specified.
40.7% APR (variable)
Earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: £0 per annum, your representative rate is 40.7% APR (variable).
Go to site
Read review
Yonder Credit Card (only for London residents)
Finder Award
Yonder Credit Card (only for London residents)
4.5
★★★★★
★★★★★
Expert analysis
29.94%
1 month for £0, £15 per month thereafter
Min. limit not specified, max. limit not specified.
66.7% APR (variable)
First month free for new members, £15 p/m thereafter. Plus, 10,000 bonus points. Earn 5 points per £1 spent and up to 25 points per £1 at selected partners. Membership includes worldwide travel insurance and no FX fees.
Representative example: When you spend £1,200 at a purchase rate of 29.94% (variable) p.a. with a fee of £15 per month, your representative rate is 66.7% APR (variable).
Go to site
Read review
The Ulster Bank Credit Card Mastercard
The Ulster Bank Credit Card Mastercard
4.5
★★★★★
★★★★★
Expert analysis
12.9%
£0
Min. limit £350, max. limit not specified.
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
Read review
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