After 17 hours of research evaluating 55 products, we picked Chase Sapphire Preferred® as our top choice.
International traveler? You’ll want a no foreign transaction fee credit card to complement your lifestyle.
Otherwise, you’ll get hung up on having to calculate the exchange rate of each purchase on top of this extra fee to access your money abroad.
It adds up, especially if you’re a frequent traveler with exotic tastes.
It's better to choose one of the best credit cards with no foreign transaction fees currently available.
Foreign transaction fees are one of the most unnecessary expenses you can possibly incur. Note that these aren't foreign conversion charges.
Rather, these are surcharges that appear on your bill when you make a purchase that passes through a foreign bank or is in a currency other than the U.S. dollar (USD).
Here’s where it gets worse:
Online shopper? Some companies even charge you when purchasing something online that does not have a US-based website!
In general, most US credit cards charge a foreign transaction fee around 3%, which is composed of 2 parts:
NerdWallet provides this more detailed breakdown of general foreign transaction fees, by credit card provider:
Here’s the bottom line:
All of the no foreign transaction fee credit card options on this list provide additional perks, besides just saving the annoying foreign transaction fee.
Whether you’re looking for the “budget” option, heavy travel option, or most secure option, we’ve got the best credit cards with no foreign transaction fees for your individual needs.
Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
This article was last updated October 11, 2019 but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.
Application Process: Apply online, and get a decision within 60 seconds or less.
Bonus Offers: None.
Annual Fee: None.Details:HSBC Gold Mastercard® credit card »
Travelers will appreciate that there are no foreign transaction fees associated with this credit card. Everyone will appreciate that you don’t have to be purposeful to collect your rewards, as the Quicksilver Cash Rewards Card offers a flat, unlimited 1.5% cash back rate on all purchases.
If you’re new to the world of credit cards, this card might be your perfect match. But if you’re a little more of an experienced user, you can certainly find higher percent cash back credit cards for a small annual fee that will likely be more than justified. A related example? The Capital One Spark Cash for Business credit card. Additionally, you may be interested in using one of the best Capital One credit cards for balance transfers... until you find out that it comes with a 3% balance transfer fee.
Application Process: Apply online just as you would with the other best Capital One credit cards on this list.
Annual Fee: Absolutely no annual fees! Definitely a perk of this credit card.
Rewards and Redemption Options: It’s very simple: earn an unlimited flat rate of 1.5% cash back, which does not expire. You can redeem this cash back as a statement credit or cheque.
Bonus Offers: Just about anyone using this credit card will earn a $150 bonus after spending $500 on purchases within 3 months of account opening.Details:Capital One Quicksilver Cash Rewards Card »
This flat-rate travel rewards credit card gives you many of the perks that the other credit cards with no foreign transaction fees on this list do, but at no annual fee. It is good for those that do not have an airline preference and is non-restrictive when it comes to travel rewards. As if that weren’t enough, the rewards rate is competitive, there’s a nice signup bonus, and a 0% introductory APR for the first 12 months.
For all its perks, this credit card has a fairly high APR when compared to many of the others on this list. And honestly? It’s not the best card for those that travel a lot by airplane—there are other cards that can cater better to frequent flyers.
Application Process: Apply online as per usual or call their toll-free number if you prefer a more low-tech application process.
Annual Fee: None and this is one of the few credit cards with no foreign transaction fees on this list that can make this claim.
Rewards: Points can be redeemed for travel statement credit that can be used on flights, hotels, rentals and more.
Bonus Offers: Earn 25,000 bonus points after spending $1,000 within the first 3 months of opening an account, which is equivalent to $250 of travel credit. Not bad if you were already planning to spend that amount in that timeframe.
You’ll also receive an additional 10% in bonus customer points if you have an active Bank of America checking or savings account. Even better? Preferred Rewards clients can get between 25-75% bonus points.Details:BankAmericard Travel Rewards Credit Card »
Application Process: Apply online and get a response within 60 seconds.
Rewards: Earn 5X points on flights booked directly with airlines or with Amex Travel, and hotel stays booked through Amex Travel. Earn 1X points on all other purchases.
APR: None; it's a charge card and requires you to pay your balance in full each month.
Annual Fee: $550.Details:The Platinum Card® from American Express »
Application Process: Check your approval odds using Capital One’s prequalification tool before you apply. The tool doesn’t leave a hard inquiry on your credit report, so you can use it with no worries.
After that, spend a few minutes answering basic questions about your name, residence, and Social Security Number. You may score an instant approval, or you might have to wait a couple of weeks for an answer.
Fees: Test drive this travel rewards card for 12 months without shelling over money for an annual fee. After that, expect to pay $95 per year.
There’s a transfer transaction fee that totals 3% of the amount of each transferred balance that posts to your account at a promotional APR. There is no fee for balances transferred using the standard transfer APR.
You’ll shell out $10 or 3% of the amount of each cash advance, whichever is greater, if you use your credit card like a debit card. You’ll also pay a higher APR on cash advances.
Late payment fees run up to $38, but you can sometimes get your first late payment fee waived.
Rewards: Rake in 2 miles per dollar spent on everyday purchases. Some hotels qualify for as much as 10 miles per dollar spent, so consider that when you plan your next getaway.
Cardholders generally like the rewards offered by the Capital One Venture card. However, there are numerous complaints about the reduced cash value associated with redemptions. If you trade points for cash, expect to collect half the value you’d get for travel perks.
Bonus Offers: Don’t apply unless you plan to book trips with this card right away. New cardholders qualify for a one-time bonus of 50,000 miles after spending $3,000 on purchases during their first 3 months. This equals $500 toward travel expenses.Details:Capital One Venture Card »
Application Process: Online, through Chase.
Rewards: Earn 2X points on travel and dining purchases worldwide, and 1 point per dollar spent elsewhere.
Bonus Offers: Earn 50,000 rewards points for every $4,000 spent for the first three months, which is $625 towards travel when redeemed through the Chase Ultimate Rewards program. If you add an authorized user who makes a purchase within the first 3 months, you’ll earn an additional 5,000 points.
Annual Fee: $0 for the first year, then $95.
Details:Chase Sapphire Preferred® »