Cash or Credit Cards in Cusco? Here’s How Locals and Tourist Really Pay

Ultima actualización en 30 April, 2025 por Waman Adventures

Last Updated on 30 April, 2025 by Waman Adventures

When planning your trip to Cusco, should you rely on cash or a credit card in Cusco? Understanding how payments actually work in the city is essential. While the use of credit cards is growing, cash remains crucial for everyday transactions. This practical and updated guide is designed to help first-time travelers manage their money efficiently and safely during their stay. Ready to enjoy Cusco without worries? Before departing, make sure you know how to handle your payments in the city.

Are Credit Cards Accepted in Cusco?

In central areas like the main square, cards are widely accepted, but always double-check.

In Cusco, credit card acceptance varies depending on the type of establishment and its location.

Tourist Areas vs. Local Neighborhoods

In the Historic Center and the San Blas neighborhood, it’s common for shops, restaurants, and hotels to accept credit cards, especially Visa and Mastercard. However, some places may apply an additional fee for card payments.

In more distant and less touristy neighborhoods, credit cards are also accepted, although cash payment is more common. Many small establishments, such as markets or local restaurants, don’t have payment terminals, so it’s essential to carry enough cash, especially if you plan to visit markets or use transportation.

The streets of Cusco are welcoming to explore, and in them, you can find beautiful souvenirs to take home.

Remember that:
The ideal approach is to combine both payment methods to facilitate your experience and avoid inconveniences.

Hotels, Restaurants, and Travel Agencies

In Cusco, most hotels, mid-range and high-end restaurants, as well as travel agencies, accept credit cards. However, it’s advisable to confirm this information when making a reservation or before consuming, as some establishments may apply an additional fee for payments with foreign cards.

Pay with ease and enjoy a smooth check-in at your Cusco accommodation.

Markets and Street Vendors

In local markets and among street vendors in Cusco, payments are made exclusively in cash. It’s advisable to carry small denomination bills to facilitate purchases and avoid issues with change. On the other hand, bargaining is a common practice in these spaces, but remember to do it with respect and kindness to get better prices.

Keep some cash on hand to enjoy local flavors and crafts in every street.

Visa, Mastercard, and American Express

Visa and Mastercard are the most widely accepted cards in most establishments in Cusco and throughout Peru, whether in hotels, restaurants, entertainment centers, or other services. On the other hand, American Express has more limited acceptance, so it’s recommended to carry a Visa or Mastercard as a backup during your visit.

Important note:
Inform yourself about fees and review your bank’s policies regarding card use abroad, including transaction charges and cash withdrawals.

Compatibility with Contactless Payments

The use of contactless payment terminals (NFC) has gained popularity in the city of Cusco, especially in tourism-oriented establishments. This technology allows for quick and secure transactions by bringing the card or mobile device close to the terminal, without the need for physical contact.

Enjoy faster and safer payments with just a tap, technology meets travel.

Although the infrastructure for contactless payments is growing, not all businesses in Cusco have compatible terminals. Therefore, we recommend the following:

• Carry a physical card
• Verify the establishment’s compatibility
• Consider using mobile devices

Fees and Exchange Rates

When using credit or debit cards in Cusco, it’s important to consider the currency conversion fees that your bank might apply. To minimize additional costs, it’s recommended to opt for paying in Peruvian soles instead of accepting automatic conversion to your local currency, as exchange rates offered by merchants tend to be less favorable.

The Superintendency of Banking, Insurance, and AFP has established that fees for the use of credit cards are limited to the following seven categories:

• Statement delivery.
• Annual membership.
• Cash advance fees.
• Late payment fees.
• Over-limit fees.
• Fees for additional services requested by the client.
• Other charges previously informed to the user.

Know your card’s conditions to enjoy smooth and surprise-free spending.

ATMs and Cash Withdrawals in Cusco

For those who prefer to have cash during their stay in Cusco, the city has a wide network of ATMs that allow for practical and secure money withdrawals.

Where to Find ATMs

ATMs in the imperial city are available 24 hours a day, providing flexibility to make withdrawals at any time. Some of the banks that operate ATMs in Cusco are:

• Banco de Crédito del Perú (BCP): Has multiple ATMs at strategic points. The most central and accessible is located at Av. El Sol 189.
• BBVA: Has ATMs in various locations, including one at Av. El Sol 125.
• Interbank: Has a branch with an ATM at Av. El Sol 380.
• Scotiabank: Its ATM is located at Av. El Sol 316.

Withdraw money easily from the ATM that works best for you.

Some recommendations for travelers:

• Check fees: Some ATMs may apply transaction fees, so it’s important to be informed before making withdrawals.
• Withdrawal limits: Set an appropriate withdrawal limit according to your needs and length of stay.
• Security: Use ATMs located in well-lit areas with security presence.
• Bank notification: Inform your financial institution about your trip to avoid blocks due to suspicious activity.

Withdrawal Limits and Fees

It’s essential to be informed about withdrawal limits and fees associated with using ATMs to effectively manage your budget during your stay. In Peru, ATMs usually have transaction limits ranging from 400 to 700 soles, equivalent to approximately $187.60.

Additionally, local banks may apply a fee for each withdrawal, which varies between 12 and 20 soles. It’s recommended to consult with your bank about possible additional charges and consider making withdrawals of larger amounts in fewer transactions to reduce the impact of fees.

Travel light and safe, just take out what you really need.

Tips to Avoid Blocks or Scams

To ensure security when using ATMs in Cusco:

• Use ATMs located inside banks or commercial establishments.
• Avoid withdrawing money during the night or in less crowded areas.
• Before traveling, notify your bank about your itinerary to prevent blocks due to suspicious activity.
• Check the ATM for strange devices or signs of tampering before inserting your card.

Cash or Card? When to Use Each One

Planning the use of cash and cards can optimize your experience in Cusco.

When You’ll Need Soles

It’s essential to have cash in situations such as:

• Payment for taxis and public transportation.
• Entrance to public restrooms.
• Tips and small expenses.
• Purchases at local markets and street stalls.
• Visits to rural or less touristy areas, such as Machu Picchu Pueblo.

In Cusco, just adapt to the moment: use the method that best suits each situation.

When It’s Convenient to Use a Card

Cards are practical and safe for:

• Payments at hotels and accommodations.
• Mid-range and high-end restaurants.
• Travel agencies and organized tours.
• Brand stores or large commercial chains.

How to Combine Both Payment Methods

When traveling, it’s essential to strategically distribute and safeguard both cash and credit or debit cards to minimize risks and ensure access to funds in case of unforeseen events. Here are some useful recommendations:

• Diversification of locations: Store your money in safe places, such as wallet compartments, internal pockets of clothing, or backpacks with hidden compartments.
• Use of discreet accessories: Consider using money belts or wristbands with zippers to hide small amounts of money.
• Physical separation: Keep a backup card in a different place from your usual one, such as another pocket or a separate section within your luggage.
• Use of credit and debit cards: Carrying both types of cards can be convenient and provides greater flexibility in various situations.
• Avoid showing large amounts of money: When making payments or being in public places, try not to display high sums of cash.

Peace of mind starts with good habits, guard your belongings carefully.

Safety Tips When Using Credit Cards in Cusco

Although Cusco is a fairly safe city for tourists, as in any destination, it’s important to stay alert when using electronic payment methods.

How to Avoid Scams and Data Theft

• Always pay at visible terminals and avoid handing over your card if they’re going to take it away from you.
• Carefully review the amount before confirming the transaction.
• Avoid inserting your card into devices that appear altered or forced.
• Disable contactless payment (NFC) if you don’t use it.

What to Do if You Lose Your Card or It Gets Blocked

• Save your bank’s emergency phone numbers before your trip.
• Activate mobile notifications to detect suspicious transactions.
• Use banking apps that allow you to temporarily block your card in case of loss.

Always Carry an Alternative Method

Before planning your trip, it’s essential not to rely exclusively on a single payment method. Having alternatives, such as an additional card from another bank or network, or a cash reserve, can be crucial in unforeseen situations, such as card blocks or failures in electronic payment systems.

Tips for Using Credit Cards in Cusco Peru at Machu Picchu and Sacred Valley

Support local artisans and enjoy colorful crafts, don’t forget to carry cash.

When visiting iconic destinations such as Machu Picchu and the Sacred Valley of the Incas, it’s essential to plan how to handle your payments to ensure a hassle-free experience. Below, we offer some recommendations based on updated information:

• Aguas Calientes: In this town, which serves as the main access point to Machu Picchu, most tourist establishments, including hotels, restaurants, and travel agencies, accept credit or debit cards.
• Urubamba: This area has a wide variety of tourist services, where cards are commonly accepted.
• Ollantaytambo and smaller communities: In the town of Ollantaytambo, many shopping establishments accept cards; however, various communities or populated centers only operate with cash. Therefore, it’s essential to carry cash with you.

Local Digital Payments: Yape, Plin, and Other Methods

What are Yape and Plin?

Yape and Plin are mobile payment applications widely used by Peruvians. These methods allow for quick transfers using the cell phone number. Both applications are linked to local bank accounts and facilitate immediate payments.

Can Tourists Use These Apps?

In general, these applications are not practical for tourists, as they require a Peruvian bank account for registration and operation. Although some long-stay tourists can open local accounts and come to use them, it’s not common or recommended, as if your stay is short, it would be unnecessary.

Where Are They Frequently Seen?

These applications are very common in small shops, street stalls, informal taxi drivers, and delivery services. Many of these businesses even prefer Yape or Plin over cards, due to their speed and absence of commissions.

Simplify your payments while traveling in Peru with fast and secure apps like Yape.

Peru offers various payment options, both in cash and with card. Credit cards in Cusco and at Machu Picchu are mostly accepted, but in local markets and rural areas, cash is still necessary. Get ready to discover the charms of Peru! Book your adventure with Waman Adventures and live a unique experience.

Frequently Asked Questions