Is It Better to Use Cash or Card in Prague?

By Michael Ferguson

Is It Better to Use Cash or Card in Prague?

When traveling to Prague, one of the most common questions that arises is whether it is better to use cash or card for transactions. Both options have their pros and cons, so it’s important to consider a few factors before making your decision.

The Advantages of Using Cash

1. Widely Accepted: Cash is widely accepted in most establishments in Prague. From restaurants and hotels to shops and markets, you can easily make payments with cash without any issues.

2. Avoid Transaction Fees: When using cash, you won’t have to worry about transaction fees or foreign currency exchange rates. You can withdraw money from an ATM and use it directly for your expenses.

3. Budget Control: Paying with cash allows you to have better control over your spending. You can set a specific amount of money for each day and manage your budget accordingly.

The Advantages of Using Card

1. Convenience: Carrying around large amounts of cash may not be ideal for everyone. Using a card provides convenience as you don’t have to worry about losing or misplacing your money. Security: Cards offer more security compared to carrying cash around. In case of theft or loss, you can easily cancel your card and prevent any unauthorized transactions. Record Keeping: When using a card, all your transactions are recorded electronically, making it easier for you to track your expenses during your trip.

Tips for Using Cash and Card in Prague

Cash Tips:

  • Currency Exchange: It’s recommended to exchange your money at reputable currency exchange offices or withdraw cash from ATMs to get the best rates.
  • Small Bills and Coins: Carry small bills and coins for smaller expenses, such as public transportation or buying snacks from street vendors.
  • Keep Cash Safe: Ensure you keep your cash secure by using a money belt or a hidden wallet to avoid any pickpocketing incidents.

Card Tips:

  • Notify Your Bank: Inform your bank about your travel plans to avoid any potential issues with your card being blocked due to suspicious activity.
  • Select Local Currency: When using your card for payments, always select the local currency (Czech koruna) instead of your home currency to avoid additional conversion fees.
  • Check Acceptance: Before making a purchase, ensure that the establishment accepts card payments as some smaller shops or markets might only accept cash.

In conclusion, both cash and card have their advantages when it comes to using them in Prague. It’s recommended to carry a mix of both for convenience and security.

Cash can be used for smaller expenses and in places that only accept cash, while cards can be used for larger transactions and provide better security and record keeping. Regardless of which method you choose, always prioritize safety and be mindful of your spending during your visit to Prague.