Cyprus became part of the eurozone in 2008, but while the southern part of the island trades in euros, Northern Cyprus uses Turkish lira. Visa and Mastercard are widely accepted in Nicosia and other towns on the island (both south and north), and it\u2019s rare that there\u2019s a minimum purchase amount \u2013 so you can happily buy your souvlakia and halloumi using plastic!<\/p>
The country is still trying to shake its reputation for financial instability, but its banking system is one of the most developed in Europe for tourists. ATMs are easy to find throughout the country, and you won\u2019t have to look far to find one that doesn\u2019t charge a fee.<\/p>
As you\u2019d expect, there are a few potential fees to watch out for when you\u2019re paying with plastic in Cyprus:<\/p>
It\u2019s also worth noting that when it comes to cash advances and non-sterling transactions, many card issuers will start charging interest on the day your account is debited, rather than the customary \u201cup to 55 days interest-free<\/a>\u201d that usually applies provided you clear your balance in full each month.<\/p>\n