Do most stores and hotels in Seoul use credit cards?

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When traveling to Seoul, the capital of Korea, one of the main concerns of many visitors is the accepted payment method at local facilities. In this modern and technologically advanced city, it’s no surprise that credit cards are widely accepted. However, it is essential to know the specific details and nuances of card usage in Seoul to ensure a smooth, hassle-free experience during your trip.

Credit card: Common means of payment.

Credit cards have become a widely used payment method in Seoul, just like many other major cities in the world. Seoul boasts a strong banking system and accepts credit cards from almost every hotel, restaurant, store, and tourist destination. Whether you’re exploring the lively Myeongdong market or enjoying the delicious cuisine of Gangnam, you can confidently rely on your credit card for most of your transactions.

While cash is still widely used in certain small facilities or local markets, credit cards are typically used in most places that tourists frequently visit. This is convenient for travelers who want to carry a lot of cash or track costs using itemized statements provided by their credit card providers.

Allow card type.

Major credit card companies such as Visa, Mastercard, American Express, and JCB are widely accepted in Seoul. However, some small businesses may have limited commission policies, mainly due to higher commission fees associated with certain credit card networks. So, it’s a good idea to carry your card across multiple networks to make sure you can use it wherever you go.

It is also important to inform card companies of their travel plans to Korea in advance. Some card issuers have anti-fraud measures that can cause your card to be temporarily blocked due to international transactions being flagged as suspicious. By notifying card companies, you can prevent any inconvenience that occurs during your trip.

ATM withdrawal and exchange.

In Seoul, there are numerous ATMs that allow you to withdraw cash using your credit card. However, it is important to be mindful of the surcharges or fees that credit card providers charge for their cash services. Withdrawing cash is optional, but it is generally more convenient to pay directly with a credit card.

Currency exchange services are widely available throughout the city. You can find them at Incheon International Airport, major hotels, and popular tourist areas. It is a good idea to compare exchange rates and fees before exchanging money. Alternatively, you can often use a credit card and rely on ATMs for cash withdrawals, which offer competitive exchange rates.