Is it better to use cash or debit card in Greece?

Until recently, cash was the most common payment method in Greece. However, credit cards have been on the rise over the last decade since the Greek government now requires most businesses to have a point-of-sale terminal. Credit and debit cards are now widely accepted, but cash is still preferred by some businesses.



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Until recently, cash was the most common payment method in Greece. However, credit cards have been on the rise over the last decade since the Greek government now requires most businesses to have a point-of-sale terminal. Credit and debit cards are now widely accepted, but cash is still preferred by some businesses.

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Its stunning beaches and unique islands makes a vacation to Greece a trip to paradise. Though Greece has a cash-preferred economy, credit and debit cards are accepted as well. A credit card that saves on foreign transaction fees is a good card to bring along.

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The best way to get Euros in Greece is via an ATM or to exchange American dollars for Euros before you arrive. The exchange rate is more favorable, and the process is more convenient.

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Tipping is a common practice in Greece, especially in the hospitality industry. It is a way to show appreciation for good service. It's recommended to have cash on hand for tipping purposes. While some establishments accept credit cards, it's easier and more convenient to tip with cash, especially for smaller amounts.

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Despite problems in the Greek economy, it's still on the expensive side to travel to Greece. Budget travelers should plan on $50 a day, while mid-range to luxury travelers can expect to pay between $150 to $350 a day, or higher if you plan to visit more than one of its 200 islands. All prices are in US dollars.

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Budget-Friendly Travel Planning Past travelers have spent, on average, €40 ($43) on meals for one day and €30 ($32) on local transportation. Also, the average hotel price in Greece for a couple is €148 ($159). So, a trip to Greece for two people for one week costs on average €2,173 ($2,330).

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European travelers should always have some cash on hand; getting it from an ATM abroad is usually the easiest, most advantageous way. If you need cash from an ATM, it's usually better to use a debit card, because credit cards often charge a high interest rate for a cash advance.

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If you make smart choices, it is possible to spend a week in Greece for under 400-500 euro per person. But if you are interested in luxury hotels or upmarket restaurants, the average cost can easily jump to over 1,500 or 2,000 euro.

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Is 500 euro enough in Greece? Rent excluded, the average living expenses for a single person in Greece is around €600 per month. If you're a university student, you'll need about €500 monthly. Whereas a family of four might need about €2,000 per month.

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Credit and debit cards are widely accepted in Greece, but it's important to be cautious of bank fees and to confirm that a business accepts cards before ordering.

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