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Millennium BCP review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Millennium BCP is a Portuguese bank that suits euro spenders who want a plain debit card with no rewards attached, alongside a credit card whose annual fee falls away with a bundled account. Its currency conversion fee of 3.85% is the trade-off to weigh.

Key facts

Best for
Euro spenders in Portugal who want straightforward costs and phone support.
Currency conversion fee
3.85% (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Legal entity
Banco Comercial Portugues, S.A. (Source, checked September 26, 2026)
Headquarters
Portugal (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Travel
Audience
Business, Kids
Official website
millenniumbcp.pt

Credit cards

Annual fee
€10.40 (Source, checked September 26, 2026)
APR
15.4% (Source, checked September 26, 2026)
Currency conversion fee
3.85% (Source, checked September 26, 2026)
Rewards type
None (Source, checked September 26, 2026)
Perks
0 EUR annual fee when bundled with a Cliente Frequente or Mais Portugal account, M Travel subscription removes the international service fee on purchases abroad, Up to 25% discount on Avis car rental (code W601014), Split a purchase into 3, 6 or 9 instalments (TAN up to 11.000%), Instant digital card in the App Millennium, usable in MB WAY, Apple Pay, Google Pay and Samsung Wallet, Payment date selectable between the 11th and the 20th, 30-day billing cycle, Card body made with 100% recycled plastic (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Banco Comercial Portugues, S.A. (Source, checked September 26, 2026)
Headquarters
Portugal (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Travel
Audience
Business, Kids

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
Wikidataappgallery.huawei.com

Pros and cons

Pros

  • Currency conversion fee of 3.85% sits below the site median of 1% on travel cards
  • Annual fee of €10.40 on the credit card is waived when bundled with a qualifying account
  • Help centre and phone support through phone and help centre
  • Instant digital card works in MB WAY, Apple Pay, Google Pay and Samsung Wallet

Cons

  • Currency conversion fee of 3.85% is well above the 1.95% top of no-foreign-fee cards
  • Credit card carries an APR of 15.4% against a travel median of 20.45%
  • Email is not among its support channels (phone and help centre), which list a phone line and a help centre
Millennium BCP

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Scored 8.9 / 10 by DebitCue.

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Who it suits

  • Portuguese households paying mostly in euros
  • Businesses keeping euro accounts with a Portuguese bank
  • Families setting up a card for kids

Who should look elsewhere

  • Frequent travellers buying abroad without the M Travel subscription
  • Anyone hunting a rewards card, since the rewards type is none
  • Card shoppers wanting a chat or email help desk

Safety of your money

Millennium BCP holds a Banco de Portugal licence, 33, and sits under European Central Bank supervision as a Portuguese bank. Deposits sit with a licensed bank rather than an intermediary or an app, which is the point that separates it from prepaid and app-based rivals. The card runs as a debit or credit card, so your balance stays in a bank account.

Who runs it

The bank trades as Banco Comercial Portugues, S.A., is headquartered in Portugal and was founded in 1985. It is one of the long-standing Portuguese high street banks, and the licence record reads 33. Support runs on phone and help centre, so a phone line and a help centre cover most questions, with the App Millennium and MB WAY handling everyday tasks.

How Millennium BCP compares

Where Millennium BCP is available

Available
Portugal
Licence in Portugal
Banco de Portugal (33), checked September 26, 2026
Licence in Portugal
European Central Bank, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Millennium BCP debit card cost to use abroad?+

The currency conversion fee is 3.85% on the M Travel card, which is higher than the travel ranking median of 0%. An M Travel subscription removes the international service fee on purchases made abroad, so holiday spend can be cheaper. Without it, foreign purchases carry the stated fee.

Is there an annual fee on the credit card?+

The credit card carries an annual fee of €10.40. Bundle it with a Cliente Frequente or Mais Portugal account and that fee is waived. Instalments are available, so a purchase can be spread over a set number of payments under an agreed plan.

What APR does the Millennium BCP credit card charge?+

The APR is 15.4% on the Classic credit card. That sits below the travel ranking median of 20.45% but above the business median of 17.5%. Instalment plans set their own TAN, so the headline APR is not the whole cost.

Is Millennium BCP regulated?+

Yes. The bank is licensed by Banco de Portugal, 33, and also sits under European Central Bank oversight. It is a Portuguese bank operating as Banco Comercial Portugues, S.A., so your money sits with a licensed institution rather than a payment app.

Does the card earn any rewards?+

No. The rewards type is none, and the perks are practical rather than points based. Those perks include an instant digital card for Apple Pay, Google Pay, Samsung Wallet and MB WAY, a choice of payment date in the monthly billing cycle, and a body made with recycled plastic.

How do I reach Millennium BCP support?+

Support runs on phone and help centre, meaning a phone line and a help centre. Live chat is not among those channels, so quick questions about a payment may be faster through the App Millennium or MB WAY. Most account tasks, from card limits to payment dates, sit in the app.

Who is the Millennium BCP card aimed at?+

The card is aimed at business users and families with kids, and the bank leans into travel with its M Travel product. Most day to day spending is in euros, which is why euro costs dominate the picture. Anyone living outside Portugal is not the target customer.

Does the card work in mobile wallets?+

Yes. An instant digital card in the App Millennium is usable in MB WAY, Apple Pay, Google Pay and Samsung Wallet. That means you can add the card to a phone wallet and pay without carrying the physical card. The physical card body is made with recycled plastic.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Monthly fee, Free ATM withdrawals, Protection.

Millennium BCP

Millennium BCP

Euro spenders in Portugal who want straightforward costs and phone support.

8.9/10See alternatives