In Spain, electronic payments have been quite common for years now. Financial institutions offer many different types of credit card. This is why it’s important that you make sure that you are well informed before you apply for a Spanish credit card.
To be able to opt to have a credit card, the first thing you need to do is to apply to open an account with a Spanish institution. This is important because while you may be able to use your current credit cards in Spain, you won’t be able to enjoy any of the benefits that I’m going to outline below:
NO FEE BANK CARD
It’s important to know that many banks charge a fee in return for providing a bank card. However, fee-free bank cards are more common these days. Bear this in mind when you go to apply for your new credit card
CREDIT FOR YOUR PURCHASES WITH YOUR BANK CARD
You’ll find two types of cards on the market: debit cards (with which you’ll be charged at the time of purchase) and credit cards (where you can buy whatever you want and pay the balance at the end of the month). If you ever find yourself short of cash, it’s always an attractive option to put off payment until the end of the month.
TRANSACTION SECURITY AND PROTECTION AGAINST THEFT
In this respect, it’s always better to apply for a credit card in Spain with a top-tier institution. For me HolaBank (CaixaBank’s service for expats) has the best credit card for foreigners. And, by dealing with large institution, you will have more protection against any potential issues or theft.
MOBILE PAYMENTS WITH YOUR CARD
For your convenience, I recommend you pick up a next-generation credit card that will allow you to pay just by moving it close to the POS (contactless technology) or by linking it to your mobile phone and paying with that.
EASE OF ACCESS TO CASH AT ATMs
For me, this is the main advantage of credit card. To be a customer of an institution that has ATMs in almost every corner of the city is essential because I can withdraw money whenever I want. CaixaBank is the best in this respect, because if I’m not mistaken it has the most ATMs in Spain. They also do not charge me for withdrawing money.
Whatever your decision, keep these factors in mind if you want to make your stay in Spain easier.