Laptop_and_coffee_great_day_for_finance
advice

Best Credit Cards with No Foreign Transaction Fees

Best Credit Cards with No Foreign Transaction Fees

Editorial Disclosure: Editorial content, including card comparisons and card reviews are not provided or commissioned by the credit card issuer. Opinions expressed here are the author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Creditcards.org may be compensated through Affiliate Programs for referrals.

• Updated: September 07, 2016
If you’re planning a vacation outside of the United States, you should never leave the country without a no foreign transaction fee credit card. You may not know, that many credit card companies will charge you an additional fee (typically 3%) every time you swipe your credit card internationally. And while that doesn’t sound like a lot of money on single purchases, if you add up the entire cost of your vacation, it can end up being hundreds of dollars in fees.

Let’s examine why a credit card issuers charge this fee? Foreign transaction fees were previously called currency conversion fees. In theory, credit card companies charge the fee to cover the cost of exchanging currency and to mitigate the higher risk of fraud associated with international transactions. Visa and MasterCard charge each bank a foreign transaction fee, in which they turn around and charge the consumer.

Are these fees inevitable? No. While you will always have to pay the currency difference, there are quite a few credit cards on the market that no longer charge you for international purchases. American Express was the leader in putting an end to foreign transaction fees, and shortly after, many issuers followed suit. Not every credit card on the market offers no foreign transaction fees, so we have put together our top list:


In addition to no foreign transaction fees, the BankAmericard Travel Rewards® Credit Card BankAmericard Travel Rewards® Credit Card offers 1.5 points for each dollar spent. Plus, you’ll receive a 20,000 point bonus after spending $1,000 in the first 90 days- Equal to $200 in travel rewards. If you have an active Bank of America checking or savings account, you can get an additional 10% customer points bonus on every purchase. Lastly, all of these perks come with no annual fee.  This is truly one of the best travel cards on the market.

Barclaycard Arrival Plus Barclaycard Arrival Plus World Elite MasteCard® World Elite MasteCard®
If you are planning to travel soon, and looking to earn a lot of air miles in a short amount of time, the Barclaycard Arrival PlusTM Barclaycard Arrival PlusTM World Elite MasterCard®  World Elite MasterCard® might be exactly what you’re looking for. This card tops our list for its high point value- Earning 2 miles for every dollar you spend. In addition to 2 miles per dollar, you’ll earn 40,000 bonus miles if you spend $3,000 in the first three months, equivalent to $420 in travel rewards. If you use this card to book your hotel and flight, you could easily put the $420 towards that cost, all while earning 2 points for every travel related expense. There is a small price to pay for this amazing rewards rate however, there is an $89 annual fee, but that is waived the first year. We’re positive you’ll earn plenty of rewards to justify the annual fee after 2 years.

Capital One® Venture® Rewards Credit Card Capital One® Venture® Rewards Credit Card
Another travel card that doesn’t skimp on the reward rate is the Capital One® Venture® Rewards Card Capital One® Venture® Rewards Card – You’ll earn 2 miles per dollar spent, and an early spend bonus of 40,000 miles (after spending $3,000 in the first 3 months). That early spend bonus is equivalent to $400 in travel, and is easily redeemed through your Capital One account. You can redeem your miles as a statement credit against the travel purchases you’ve already made. This makes it easy to apply the credit towards your hotel or air fare. These rewards never expire either! This card does have a $59 annual fee, but it’s waived the first year.

Citi® / AAdvantage® Platinum Select® MasterCard® Citi® / AAdvantage® Platinum Select® MasterCard®
The last card on top of our no foreign transaction fee list is the Citi® / AAdvantage® Platinum Select® MasterCard® Citi® / AAdvantage® Platinum Select® MasterCard® from our partner Citi. Citi has a partnership with American Airlines, so you can receive great rewards by flying American Airlines. You’ll receive 30,000 bonus miles only after spending $1,000 in the first three months. You’ll enjoy priority boarding, one free checked bag on domestic flights and 25% off in-flight food and beverages. Additionally you can earn 10% of your redeemed AAdvantage® miles back- up to 10,000 miles each calendar year.  If you are a frequent flyer and love American Airlines, this card was tailor made for you.
We think you'll also enjoy
Beach_resort
Are Hotel Rewards Better Than Airline Rewards?
Couple_in_park_with_family
3 Great No Annual Fee Credit Cards
Row_of_seats_airplane
America’s Best and Worst Domestic Airlines in 2015

SIGN UP FOR OUR NEWSLETTER

We want to hear from you and encourage a lively discussion among our users. Please help our site stay clean and safe by following our posting guidelines, and avoid disclosing any personal information such as phone numbers or bank account information.

The comments posted below are not provided, reviewed or approved by the card issuers or advertisers. Additionally the card issuer does not assume responsibility to ensure that all posts and/or questions are answered.

Browse by Category