As an expat living in Slovakia or planning to move there, or as a foreigner visiting Slovakia, you have many opportunities to experience something. Whether it is the historic castles or the beautiful landscapes that inspire you, you will definitely have a good time. You also have access to some of the best services in the country, thanks to the relatively low cost of living and many earning opportunities.
Once in a while, however, you may want to visit a restaurant or two, or buy that nice dress or shirt you saw in the boutique. It can be handy to have a little cash on you from time to time. However, you will agree that a credit card is more convenient and safer to carry, or? Fortunately for you, most companies accept credit card payments. You can also read about credit cards in Finland.
Overview of the use of credit cards in Slovakia
It may be disconcerting that Slovakia has not moved as quickly as other European countries to paperless spending. But do not let this fact spoil your mood right away. The number of businesses accepting credit card payments in the country continues to increase over time.
If you visit the Slovak capital of Bratislava, you'll find that most establishments accept credit card payments. However, if you want to visit the beautiful World Heritage Site in Vlkolinec or go skiing in the magnificent Jasna, you will need cash.
VISA and MasterCard are the leading credit cards in Slovakia today. As the most popular cards, they also have many advantages. Therefore, check the rewards and benefits associated with the cards offered by various banks in Slovakia.
You should note that other cards like American Express, Discover or Diners Club are not so popular. These cards are not accepted in most stores in the country. Also, most companies charge a surcharge for Amex payments. Either way, the fact remains that you can shop in Slovakia with or without cash. Also remember that there is a fee for withdrawing money, so better use your credit card whenever you can.
How credit cards work in Slovakia
The good news for you is that credit card fraud is not that common in Slovakia, unlike countries like Romania. But forewarned is forearmed. So take all possible precautions when using your credit card. In Slovakia, you can buy bus and train tickets with your credit card.
Using a credit card in Slovakia is more or less the same as in other countries. With your credit card you can spend up to a certain amount every month. Your provider will then send you a bill at the end of the month. I would recommend paying this bill in full to avoid interest and other charges.
You will find that credit card providers in Slovakia charge unusually high interest rates on unpaid credit card debt. As helpful as using your credit in Slovakia may be, it could also come with costs you may not be willing to pay. Your provider will also require you to pay an annual maintenance fee. The amount varies from provider to provider.
One advantage of having a credit card in Slovakia is the benefits associated with it. Most cards come with rewards and benefits that you can get based on your spending habits and other factors. So before you choose a provider, you should find out what benefits and rewards are associated with its card.
Receiving a credit card in Slovakia
As in most countries, Slovak banks expect you to open an account before they can offer you a credit card. Likewise, your credit score must be good to get a card. This could mean you have to wait a while before you can apply for a credit card.
However, as long as you have a stable income, your bank will not hesitate to give you a credit card. I would recommend Visa and Mastercard if you are planning a trip to other European countries. Perhaps I should point out that credit card fees may apply if you use your card abroad. So check with your provider before making a decision.
You will also find that most of your new friends use these two cards. However, that doesn't mean you only have these two options. There are other credit cards in Slovakia as well, so shop around.
The features of your card will depend on your bank. So be careful when opening a bank account in Slovakia. Almost every bank in the country offers credit cards to their customers, so you have a lot of options.
Paying your credit card bills in Slovakia
Always remember that your ability to keep your credit card spending under control depends on how you pay for it. Always pay your credit card bill in full each month to avoid further charges. It is best to link a monthly debit from your Slovak bank account to your credit card bill payment. This way you won't miss out on repayments. Also, it's better to choose a bank that offers new customers an introductory interest rate of 0%.