If you are a foreigner living in Taiwan and want to apply for a credit card, then you are in the right place looking for information.
The most popular credit cards in Taiwan are Visa and Mastercard. However, you can still make payments using your American Express. Credit cards are accepted almost everywhere except for a few small shops and restaurants.
When applying for a credit card in Taiwan, you have to follow the rules and policies of the bank. This applies to both foreigners and residents of the place. To apply for your first credit card, you can go to Moneybosstw.
What credit cards are used in Taiwan?
As we said, Mastercard and Visa are the two most popular credit card options you will find in Taiwan. These cards are accepted by both ATMs and merchants.
However, for American Express, they are accepted by ATMs, but only a few merchants will accept it. So if you are using an American Express, then you may face problems in some places.
As far as Discover is concerned, it is not accepted by any ATMs or even merchants. So if you are visiting Taiwan and have a Discover credit card, then you might want to change it.
Should you use your credit card to get cash in Taiwan?
Unlike other countries, Taiwan is not much into digital or card payments. Even today, they are mostly dependent on cash. This is why small shops and restaurants in Taiwan don’t accept credit cards. In this case, you can use your credit card to withdraw cash from your account.
However, you should know that you will have to pay a cash advance fee up to 5% on your withdrawal. If you want to avoid paying such a high percentage, then you should switch to debit cards.
From what we know using credit cards in Taiwan is quite troublesome, especially if you are a foreigner. If you are going to use a credit card, then make sure that you are using it in expensive places like shopping malls, big restaurants, etc.
