Best credit cards in Portugal 2025 for Expats

For expats in Portugal, choosing the right credit card is an important step in managing day-to-day expenses and building financial stability. There is many options, from basic cards with no annual fees to premium ones that include travel insurance, cashback, or airport lounge access. Each card comes with different eligibility requirements, spending limits, and perks, so it’s worth comparing your options carefully.

Choosing the right card is also important for international spending. Fees, exchange rate markups, and withdrawal charges can vary widely between providers, making it essential to consider the total cost of using your card abroad. Some expats find that credit cards are not always the most convenient and economical option, and prefer to consider alternatives like the service.

Consider an international debit card like multi-currency services

These services offer a debit card linked to a multi-currency account, making it a handy companion for expats and frequent travellers who want to spend, withdraw and move money internationally.

Table of contents

• What makes a credit card “best” for expats?

• Understanding credit card fees for international spending

• Top 5 credit cards for expats in Portugal

• Alternative to credit cards: Why some people may prefer multi-currency service debit card benefitsCost comparison: the multi-currency service vs. credit cardsWhen the multi-currency service may be more suitable than credit cards

• Multi-currency debit card benefits

• Cost comparison: the multi-currency service vs. credit cards

• When the multi-currency service may be more suitable than credit cards

• How to choose the right credit card as an expatQuestions to ask before applying for a credit cardApplication tips for expatsCommon rejection reasons

• Questions to ask before applying for a credit card

• Application tips for expats

• Common rejection reasons

• Building credit history as an expat

• Managing your credit card abroadBest practices for international spendingAvoiding common pitfalls

• Best practices for international spending

• Avoiding common pitfalls

• Frequently asked questionsCredit card eligibility and applicationsUsing credit cards abroadFees and charges

• Credit card eligibility and applications

• Using credit cards abroad

• Fees and charges

• Conclusion

• Useful resources

What makes a credit card “best” for expats?

Finding the right credit card as an expat in Portugal can make everyday life and trips abroad much smoother. The best option helps you avoid extra fees, manage your spending easily, and sometimes even gives you a few perks along the way. To help you choose, here are six key features to look out for when comparing credit cards in Portugal:

• No foreign transaction fees: Many Portuguese credit cards charge an extra 2-4% for transactions made outside the European Economic Area (EEA), or for transactions within the EEA conducted in currencies other than EUR, SEK, or RON. A card that waives this fee can save a noticeable amount when booking flights, shopping online from abroad, or spending in your home country.

• Competitive exchange rates: Some providers add hidden markups when converting between currencies. Cards that use exchange rates closer to the mid-market rate make sure more of your money goes where you want it.

• Global acceptance: Choosing a card on the Visa or Mastercard networks means you can rely on it almost anywhere in the world, from everyday purchases to withdrawing cash from an ATM.

• Travel benefits and protections: Extras like travel insurance, purchase protection, extended warranties, or airport lounge access can make a big difference if you’re often on the move.

• Reward programs that fit an international lifestyle: Cashback, frequent flyer points, or flexible rewards that can be used globally are useful if you split your time between countries.

• Easy account management and support: Having a card you can manage online or through an app is essential when you’re travelling. Look for 24/7 customer support and quick ways to freeze or replace your card if something goes wrong.

Understanding credit card fees for international spending

Paying with your Portuguese credit card overseas might seem straightforward, but a few extra fees can sneak in. Understanding how international charges work will help you keep costs under control and make the most of your card while travelling or shopping online.

Foreign transaction fees: Many Portuguese credit cards add a charge of around 2-4% for transactions made outside the EEA, or for transactions within the EEA conducted in currencies other than EUR, SEK, or RON. For example, a 1,000 EUR hotel bill overseas could end up costing 1,020 EUR or more once the fee is added.

ATM withdrawal fees abroad: Taking out cash with a credit card usually comes with an extra fee, which is charged on top of any foreign transaction costs. In many cases, interest starts to accrue right away, so withdrawing cash this way is one of the most expensive options.

Hidden costs in exchange rate markups: On top of visible fees, some banks and providers use exchange rates that include their own margin. Instead of the fair mid-market rate, you may end up paying several EUR more for every transaction.

Dynamic currency conversion traps: You might be offered the choice to pay in EUR instead of the local currency when paying abroad. It feels convenient, but usually results in a poor exchange rate and extra charges. Choosing the local currency almost always works out cheaper.

Annual fees vs. benefits: Some credit cards charge an annual fee in exchange for perks like travel insurance, purchase protection, or rewards. For expats and frequent travellers, the benefits can be worth it, but if you rarely use them you may be better off with a low- or no-fee card.

Top 5 credit cards for expats in Portugal

Whether you are settling everyday expenses in EUR or travelling, the right credit card can improve your finances in Portugal. Many cards now offer useful features for expats, from low foreign transaction fees to travel insurance and cashback on international purchases.

Below is an overview of some of the best credit cards available in Portugal, followed by a closer look at what each one offers and how they compare.

Quick Comparison: Top Credit Cards for Expats in Portugal

Card Name	Annual Fee	Interest Rate	FX Fee (EEA)	FX Fee (Outside EEA)	Best For
bankintercard Gold	€0	18.8%	1.7%	2.7%	No-fee card with basic travel protection
Unibanco	€0	18.8%	3%	3%	Flexible payments, €200 cashback in year 1
Millennium bcp Gold Prestige	€31	18.8%	3%	3%	Medical assistance, optional Millennium Travel
novobanco Gold 360º	€110 (or €118.80 with 360º account)	18.8%	3.85%	3.85%	No FX fees with packaged account
Santander Platinum	€150	18.8%	3%	3%	VIP lounges, luxury travel perks

Note: A 4% stamp duty applies to all transactions (including the card annual fee). Information checked on 25th October 2025.

As illustrated, there are several cards to choose from, depending on how you spend and what matters most to you. Check out the details for each provider below.

• bankintercard Gold

The bankintercard Gold is a great choice if you are looking for a straightforward credit card without an annual fee or unnecessary premium extras. It has a credit card interest rate of 18,8% and its 1.7% foreign transaction fee within the EEA (for currencies other than EUR, SEK, and RON) is lower than many options on the market, making it a solid option for occasional travellers.

Key features

Details

Annual fee

0 EUR

Interest rate

18,8%

Foreign transaction fees

Within the EEA in currencies other than EUR, SEK, or RON

1,7%

Outside the EEA

2,7% (1% for transactions in EUR, SEK, or RON)

Perks

Earn 3% cashback during the first year, up to 5 EUR/month;Includes personal accident insurance and travel assistance;Can be linked to your existing account, with no need to change banks or open a new one.

Best for

Those who want a no-fee, easy-to-manage card with basic travel protection

Pros of bankintercard Gold

Cons of bankintercard Gold

✅ No annual fee;✅ Includes basic travel protection without extra cost;✅ Lower foreign transaction fees within the EEA in any currency.

❌ Cashback capped at 5 EUR/month, which is relatively low;❌ Limited premium perks compared to higher-end cards;❌ No special offers for large purchases or interest-free instalments.

• Unibanco

The Unibanco card is a good option if you want a credit card with no annual fee and flexible payment options. It allows purchases over 150 EUR to be paid in three instalments without interest and offers up to 200 EUR cashback in the first year. With its straightforward benefits and no fixed costs, it suits those who value convenience and occasional rewards without committing to a premium card.

Key features

Details

Annual fee

0 EUR

Interest rate

18,8%

Foreign transaction fees

Within the EEA in currencies other than EUR, SEK, or RON

3%

Outside the EEA

3%

Perks

Earn up to 200 EUR cashback during the first year;Split purchases over 150 EUR into three interest-free instalments.

Best for

Those who want a free card with flexible payment options

Pros of Unibanco

Cons of Unibanco

✅ No annual fee;✅ Up to 200 EUR cashback in the first year;✅ Flexible payment options for purchases over 150 EUR.

❌ Foreign transaction fees are relatively high (3%);❌ No travel or personal insurance included;❌ No premium perks.

• Millennium bcp Gold Prestige

The Millennium bcp Gold Prestige card is a solid choice if you value extra support and peace of mind both at home and abroad. It includes medical and legal assistance, as well as home maintenance services. For those who travel occasionally, it is possible to subscribe to Millennium Travel for the duration of your trip (for example, one month for 4,99 EUR or one year for 29,99 EUR: this grants exemption from foreign transaction fees and lowers cash withdrawal fees, making it a flexible option for travellers seeking temporary benefits without a long-term commitment. It has a credit card interest rate of 18,8%.

Key features

Details

Annual fee

31 EUR

Interest rate

18,8%

Foreign transaction fees

Within the EEA in currencies other than EUR, SEK, or RON

3%

Outside the EEA

3%

Perks

Access to emergency medical assistance abroad and medical support at home;Home maintenance services, such as carpentry and plumbing;Legal assistance while abroad;Possibility to subscribe Millennium Travel temporarily, offering no foreign transaction fees, for the duration of your trip.

Best for

Occasional travellers who want extra support and temporary fee-free international spending

Pros of Millennium bcp Gold Prestige

Cons of Millennium bcp Gold Prestige

✅ Access to emergency medical and legal assistance abroad, plus medical support at home;✅ Subscription to Millennium Travel allows no foreign transaction fees during trips;✅ Free subscription to the Millennium Rewards Programme.

❌ Foreign transaction fees apply if not subscribed to Millennium Travel;❌ Limited rewards or cashback compared to other premium cards;❌ Not ideal for frequent international travellers who want permanent fee-free spending.

• novobanco Gold 360º

The novobanco Gold 360º card is a great choice for those who want to keep their banking simple. By subscribing to the 360º account (annual fee of 118.80 EUR, which includes the card), you can enjoy no foreign transaction fees, making it ideal for travellers or anyone who prefers an all-in-one solution for everyday banking and credit card needs.

Key features

Details

Annual fee

110 EUR

Interest rate

18,8%

Foreign transaction fees

Within the EEA in currencies other than EUR, SEK, or RON

3,85%

Outside the EEA

3,85%

Perks

No foreign transaction fees with a 360º packaged account subscription.

Best for

Those who want to simplify their finances with a bundled account and enjoy fee-free international spending

Pros of novobanco Gold 360º

Cons of novobanco Gold 360º

✅ Can be subscribed to as part of a packaged account, simplifying finances;✅ No foreign transaction fees when used with the packaged account;✅ Useful for frequent travellers who want a single account for multiple needs.

❌ Few benefits if not part of the packaged account;❌ High foreign transaction fees (3,85%) unless used with the packaged account;❌ Limited cashback and rewards compared to other premium cards.

• Santander Platinum

The Santander Platinum card is perfect for frequent travellers who want to enjoy premium perks. It offers access to VIP airport lounges, benefits for booking luxury hotels and resorts, and a frequent flyer programme across most airlines. While it comes with a higher annual fee, it is ideal for those who value exclusive travel experiences and want to make the most of their journeys. Like the rest of the highlighted options, it includes a credit card interest rate of 18,8%.

Key features

Details

Annual fee

150 EUR

Interest rate

18,8%

Foreign transaction fees

Within the EEA in currencies other than EUR, SEK, or RON

3%

Outside the EEA

3%

Perks

Access to VIP airport lounges at over 500 locations;Special benefits when booking luxury hotels and resorts;Participation in frequent flyer programmes with most airlines, excluding low-cost carriers.

Best for

Luxury travellers who value VIP perks and travel frequently

Pros of Santander Platinum

Cons of Santander Platinum

✅ Premium perks suited for frequent and luxury travellers;✅ Support for expense refunds in case of flight delays or cancellations;✅ Comprehensive premium travel, health, and home insurance.

❌ High annual fee (150 EUR);❌ High foreign transaction fees (3%);❌ Limited value for those who don’t travel often.

Alternative to credit cards: Why some people may prefer multi-currency services

For many expats living in Portugal, managing money both at home and abroad can be tricky. Credit cards often include foreign transaction fees and exchange rate markups that can add to total costs.

The the multi-currency service debit card offers a different approach. It isn’t a credit card, but for expats it can be a useful financial companion, giving you the freedom to spend and withdraw in multiple currencies without the hidden extras. Linked to your the multi-currency service multi-currency account, it uses the mid-market exchange rate with low, transparent fees, so you know what you’re paying. Whether you’re settling into life in Portugal or travelling further afield, Wise’s app provides tools to help track and manage spending.

Multi-currency debit card benefits

• These services use the mid-market exchange rate with a transparent, upfront fee. Other providers may include markups in their rates;

• Low, transparent fees starting from 0.68%, compared to credit card foreign transaction fees typically range from 2–4%, depending on the provider (check credit card terms);

• Global reach with one card that works in 150+ countries;

• Multi-currency support that lets you hold and manage 40+ currencies at once;

• Real-time control, with instant spending notifications, the ability to freeze or unfreeze your card, and budgeting tools in the the multi-currency service app;

• Wise isn’t a credit card, but it’s a smart, flexible alternative for expats looking to manage money effortlessly at home and abroad.

Cost comparison: the multi-currency service vs. credit cards

When you’re spending overseas, the way your card handles fees and exchange rates can make a big difference. Let’s look at a simple example of spending overseas with a typical Portuguese credit card versus using the the multi-currency service debit card.

Example: Spending 1 000 EUR while on holiday in the United States

Spend abroad

Wise debit card

Typical Portuguese credit card*

Transaction value

1 000 EUR equivalent in USD

1 000 EUR equivalent in USD

Exchange rate

Mid-market rate with no markup

Visa/Mastercard rate with markup

Foreign transaction fee

None

Around 3% = 30 EUR

Total cost

1 000 EUR + small the multi-currency service conversion fee (often under 1%)

1 030 EUR + exchange rate and markup

*Figures based on average credit card fees in Portugal. Exact costs vary depending on the provider.

With the service, you pay at the mid-market rate and only a small, upfront conversion fee. With many Portuguese credit cards, foreign transaction fees and exchange rate markups can eat into your finances, meaning the same holiday purchase could cost you at least 30 EUR more.

When the multi-currency service may be more suitable than credit cards

Credit cards still have their place, but in many everyday situations the the multi-currency service debit card can be the smarter choice:

• For regular international money transfers: Credit cards aren’t designed for sending money abroad, and doing so often triggers cash advance fees. the multi-currency service lets you transfer to 140+ countries directly at the mid-market rate.

• When you want to avoid debt: A debit card means you can only spend what you already have, helping you stay on budget and avoid interest charges.

• For better exchange rates: Credit cards often build hidden margins into the rate. the multi-currency service converts at the mid-market rate, so you get more value for your money.

• For transparent pricing: the multi-currency service shows you all fees upfront in the app before you confirm the payment. With credit cards, fees are often bundled into interest or less favourable exchange rates.

How to choose the right credit card as an expat

• Assess your spending patterns: Think about where most of your money goes. If you travel frequently, a card with no foreign transaction fees and travel perks may save the most. If you shop locally, a rewards program that matches your day-to-day spending might be better value.

• Calculate potential fees and savings: Add up the likely costs, including annual fees, foreign transaction charges and ATM fees. Balance these against the benefits, such as cashback or points, to see if the card really pays for itself.

• Consider your credit history status: If you’re new to Portugal, you probably don’t have a local credit history yet. Some premium cards may be harder to qualify for until you’ve built up your record, so check eligibility before applying.

• Evaluate additional benefits needed: Extras like travel insurance, purchase protection, or airport lounge access can be very useful, but only if you’ll actually use them. Make sure the perks align with your lifestyle.

• Check eligibility requirements: Many providers have income thresholds or residency rules. Confirm what’s required so you don’t waste time applying for a card you’re unlikely to be approved for.

Questions to ask before applying for a credit card

• What are the total costs of international spending, including fees and exchange rates?

• Do I qualify to apply for this credit card based on my current income and credit history?

• What additional benefits will I realistically use, and which are just “nice to have”?

• How does this card compare to alternatives like the service, which let you manage multiple currencies without the risk of building up credit card debt?

Application tips for expats

Applying for a credit card as an expat can be straightforward with the right preparation and understanding of the requirements. Here are some tips to help you improve your chances of approval and navigate common documentation needs.

• Building Portuguese credit history: If you’ve just arrived, your overseas credit record usually won’t transfer to Portugal. Start small by opening a basic credit card or using other forms of credit responsibly, such as a small personal loan or an authorised overdraft, to begin building your local history.

• Required documentation: Expect to provide a valid ID, such as a passport or residence permit, along with a Portuguese tax identification number (NIF).

• Income verification for expats: Lenders often need evidence of steady income, which may include recent payslips, an employment contract, or bank statements. Some banks are more flexible for newcomers, but being able to show stable earnings helps significantly.

• Address history requirements: Most banks ask for proof of your current Portuguese address, such as a rental contract, utility bill, or residence certificate. If you’ve recently moved from abroad, you may also need to provide your previous address for identification purposes.

Common rejection reasons

• Insufficient Portuguese credit history: Without a track record of borrowing and repayment in Portugal, some applications may be declined. Starting with a more accessible product can help.

• Income verification issues: If your documents don’t clearly show reliable earnings, the bank may hesitate to approve your application.

• Address verification problems: Missing or incomplete proof of address is a common hurdle. Double-check your paperwork before applying.

• Too many recent applications: Submitting multiple credit card applications in a short time can hurt your chances, as it signals financial instability to lenders.

Building credit history as an expat

Building a strong credit history in Portugal is important for accessing credit cards, personal loans, mortgages, and other financial products. All your active credit with Portuguese banks is recorded in the Central Credit Register managed by Banco de Portugal, and lenders use this record to assess your reliability.

Even if you have an excellent credit history from another country, it usually doesn’t transfer to Portugal. While this can be frustrating at first, with a few simple steps, you can build a solid credit profile that supports future applications for financial services.

Using a credit card responsibly is one of the easiest ways to start building your local credit history. Making small purchases and paying off your balance in full and on time demonstrates sound financial management. If you’re new to Portugal, alternative options like a small personal loan or an authorised overdraft facility can also help establish your credit record.

However, building good credit takes time. You can start creating a record almost immediately, but lenders usually prefer to see 6-12 months of consistent, on-time repayments before offering higher credit limits or loans. Over the long term, maintaining responsible credit use will make it easier to access a wider range of financial products with better terms.

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Managing your credit card abroad

Having a credit card can make life much easier when you’re travelling, but it’s also important to know how to use it wisely. A few small habits can save you money and prevent unwanted surprises while you’re away.

Best practices for international spending

• Pay in the local currency: Choosing to be charged in the currency of the country you’re in usually gives you the fairest exchange rate and avoids hidden conversion costs.

• Tell your bank before you travel: A quick note to your card provider about your trip can help stop your card from being declined due to suspected fraud.

• Check your spending often: Use your bank’s app or online banking to keep an eye on your transactions and quickly flag anything unusual.

• Keep emergency contact numbers handy: Store your bank’s emergency contact details somewhere safe so you can act quickly if your card goes missing.

Avoiding common pitfalls

• Dynamic currency conversion traps: Merchants or ATMs may ask if you’d like to be charged in EUR, but this usually comes with a poor rate. Always choose the local currency instead.

• ATM fee accumulation: Frequent small withdrawals abroad can add up in fees from both your card provider and the local ATM operator.

• Overspending due to currency confusion: It’s easy to overspend if you’re not familiar with exchange rates. Keeping a rough conversion in mind helps stay on budget.

• Missing payment due dates while travelling: Missing a due date can impact your credit score in Portugal, so consider setting up an automatic payment for at least the minimum amount due.