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No Foreign Transaction Fee Credit Cards

4.8 4.8 - 2,156 reviews for top rated card

Roughly 90% of all credit cards charge a 2% - 4% foreign transaction fee for any purchase processed outside of the United States. Such unnecessary, high costs can add up quickly for an international traveler or shopper, so it’s a good idea to consider the increasingly popular category of cards that do not levy foreign fees. Not only have a couple major issuers – namely, Capital One and Discover – removed foreign transaction fees from all of their cards, but others have also introduced a number of new cards without these fees in recent years. By using one of…show more

    Capital One® VentureOne® Rewards Credit Card


    capital one ventureone rewards credit card
    • 0% Purchases until December 2015
    • 0% Transfers Not Offered
    • Regular Rate 11.9% - 19.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Miles
    • Initial Bonus 20,000 miles
    • Earn Rate 1.25 miles / $1
    • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months, equal to $200 in travel
    • Earn unlimited 1.25 miles on every purchase, every day and pay no annual fee
    • Fly any airline, stay at any hotel, anytime.
    • Travel when you want—no blackout dates.
    • Miles don't expire and there’s no limit to how many you can earn

    Capital One® Venture® Rewards Credit Card


    capital one venture rewards credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 13.9% - 20.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $0 for 1st yr, $59 after
    • Rewards Miles
    • Initial Bonus 40,000 miles
    • Earn Rate 2 miles / $1
    • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel.
    • Earn unlimited 2X miles on every purchase, every day.
    • Fly any airline, stay at any hotel, anytime.
    • Travel when you want—no blackout dates.
    • Miles don't expire and there’s no limit to how many you can earn

    Capital One® Platinum Prestige Credit Card


    capital one platinum prestige credit card
    • 0% Purchases until March 2016
    • 0% Transfers until March 20163% Fee
    • Regular Rate 10.9% - 18.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards None

    Capital One® Quicksilver® Cash Rewards Credit Card


    capital one quicksilver cash rewards credit card
    • 0% Purchases until September 2015
    • 0% Transfers until September 20153% Fee
    • Regular Rate 12.9% - 22.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Cash Back
    • Initial Bonus $100
    • Earn Rate 1.5% cash back
    • One-time $100 bonus after you spend $500 on purchases within the first 3 months.
    • Earn unlimited 1.5% cash back on every purchase, every day.
    • No rotating categories and no sign ups needed to earn cash rewards.
    • Cash back doesn't expire and there’s no limit to how much you can earn

    Barclaycard Arrival™ World MasterCard®


    barclaycard arrival world mastercard credit card with no annual fee
    • 0% Purchases Not Offered
    • 0% Transfers 12 months3% Fee
    • Regular Rate 14.99% - 18.99% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Miles
    • Initial Bonus 20,000 miles
    • Earn Rate 1 - 2 miles/$1
    • Earn 20,000 bonus miles when you spend $1,000 on purchases in the first 90 days — that's enough to redeem for a $200 travel statement credit
    • Earn 2X miles on travel and dining and 1X miles on all other purchases
    • Miles don't expire as long as your account is open, active and in good standing
    • Get 10% miles back to use toward your next redemption every time you redeem for travel statement credits

    Barclaycard Arrival Plus™ World Elite MasterCard®


    barclaycard arrival world mastercard credit card
    • 0% Purchases Not Offered
    • 0% Transfers 12 months3% Fee
    • Regular Rate 14.99% or 18.99%
    Apply Now at issuer's secure site
    • Annual Fee None 1st yr, $89 after
    • Rewards Miles
    • Initial Bonus 40,000 miles
    • Earn Rate 2 miles/$1
    • Earn 40,000 bonus miles when you spend $3,000 on purchases in the first 90 days — that’s enough to redeem for a $400 travel statement credit.
    • Earn 2X miles on all purchases - Miles don't expire as long as your account is open, active and in good standing
    • Get 10% miles back to use toward your next redemption every time you redeem for travel statement credits

    Capital One® QuicksilverOne® Cash Rewards Credit Card


    capital one quicksilverone cash rewards credit card
    • 0% Purchases until September 2015
    • 0% Transfers until September 2015None Fee
    • Regular Rate 22.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $39
    • Rewards Cash Back
    • Initial Bonus None
    • Earn Rate 1.5% cash back
    • Earn unlimited 1.5% cash back on every purchase, every day.
    • No rotating categories and no sign ups needed to earn cash rewards.
    • Redeem the cash back you earn for any amount, any time.
    • Cash back doesn't expire and there’s no limit to how much you can earn

    Chase Sapphire Preferred® Card


    chase sapphire preferred credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 15.99% (V)
    Apply Now at issuer's secure site
    • Annual Fee None 1st yr, $95 after
    • Rewards Points
    • Initial Bonus 40,000 points
    • Earn Rate 1 - 2 points / $1
    • Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $500 in travel when you redeem through Chase Ultimate Rewards℠.
    • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.
    • 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
    • 1:1 point transfer to leading frequent travel programs at full value – that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.

    Capital One® Platinum Credit Card


    capital one standard platinum
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 24.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $0 for 1st yr, $19 after
    • Rewards None

    Capital One® Secured Mastercard®


    capital one secured credit card
    • Secured Credit Card Min Deposit of $49, $99, or $200
    • Annual Fee $29
    • Monthly Fee None
    • One-Time Fees None
    • Regular Rate 22.9% (V)
    Apply Now at issuer's secure site
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    We work hard to present you with the most accurate credit card information, however, this information does not originate from us and thus, we do not guarantee the accuracy of the information.

    Before you apply for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences.

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    Ask our Experts
    EXPERT’S ANSWERS

    What is the cheapest way to convert currency?

    By: Odysseas Papadimitriou, CardHub CEOAccording to CardHub’s Currency Exchange Study, a credit card provides the cheapest form of currency conversion. As long as you’re using a credit card with no foreign exchange fees that is on the Visa or MasterCard network, you’ll save up to 7.9% and 14.7% on currency conversion relative to cash services offered at local banks and airports, respectively. Besides being cheapest, credit cards also provide the simplest means of currency conversion, given that it’s done automatically upon a purchase being made.

    Please keep in mind that 90.2% of all credit cards have an average foreign transaction fee of 2.45%, according to CardHub's data. That’s what makes planning ahead and getting one of the credit cards with no foreign transaction fee so important. Capital One used to be the only real player in this niche credit card category, but a number of other major issuers--including American Express, Chase, Citi and HSBC -- have since started offering credit cards without foreign transaction fees.

    What is the best no foreign transaction fee credit card?

    By: John Kiernan, Personal Finance EditorThere isn’t really a single best no foreign transaction fee credit card, as how good a card really is depends on how well it fits your particular needs. Therefore, the best no foreign fee credit card is the one that not only meets your credit standing, but also allows you to maximize your rewards and thereby garner additional savings on top of the 2-3% you’re already saving in foreign fees. In addition, it is important to get a card on the Visa or MasterCard so that your card will be accepted in the highest number of global locations.

    Will my credit card work outside the U.S.?

    By: Odysseas Papadimitriou, CardHub CEONo special type of credit card is needed to make international transactions, though a no international fee credit card is necessary to avoid the 3% fee, that the vast majority of credit cards charge on any purchase processed outside the U.S. Whether a credit card will work in a given country solely depends on which of the four credit card networks it belongs to (i.e. Visa, MasterCard, American Express and Discover). Visa and MasterCard are accepted practically anywhere a credit card can be used worldwide. American Express’ reach is far less but still significant while Discover can only be used in about a quarter of the countries and territories that accept Visa and MasterCard outside the U.S.

    European countries are increasingly moving away from the magnetic stripe credit cards used in the U.S. in favor of chip-and-pin technology. As a result, while you will be able to use your U.S.-issued credit card 95% of the time, you may be unable to use your card at some vending machines and automated kiosks in airports and train stations. Depending on the country, you might also need to show your passport for proof of identity when using a credit card or debit card.

    What are chip-and-pin credit cards?

    By: Odysseas Papadimitriou, CardHub CEOChip-and-pin credit cards are becoming the standard in Europe, Canada and Japan. The main difference between them and the magnetic stripe cards we use in the U.S. is the fact that chip-and-pin cards provide better fraud protection by adhering to global EMV standards. This heightened protection is due to the fact that a consumer has to input a Personal Identification Number (PIN) that must match data stored on a secure microchip embedded within the card for a transaction to be authorized. Some U.S. credit card companies are beginning to offer chip-and-pin cards as well as chip-and-signature cards and chip-based contactless payment methods. Therefore, global credit card interoperability appears only a matter of time. In the meantime, regular credit cards with no foreign transaction fees will be sufficient for all purchases made abroad.

    "Currently American cards do work in most places," says Eldad Boker, a professor with Johnson & Wales University’s Center for International Tourism. "Europe and Asia are moving rapidly toward a chip based card, which in the next few years will become a challenge for American tourists traveling without the chip based cards. Many automated kiosks in Europe already do not accept cards that are not equipped with the chip based technology. (Ex: Train and bus transportation system, some banks and others). With the spread of this technology to other parts of the world, the American tourist will need to request chip based card, from the issuing banks. A tourist without this type of a card will face many more challenges than a tourist that carries a chip- based card."

    Indeed, transactions made at unattended automated kiosks, such as those in train stations, may necessitate a chip-and-PIN card, as not even chip-and-signature cards will work given their lack of a PIN for identity verification. But very few U.S. banks offer chip-and-PIN cards, and you can get around the unattended kiosk issue by simply taking a debit card with low international withdrawal fees along with you.

    So, the standard magnetic stripe credit card will do the trick for now. That might change in a few years, but don’t worry, when chip cards become a true necessity it will be a big deal and you’ll hear about it.

    Tips for using your credit card abroad:

    By: Odysseas Papadimitriou, CardHub CEOThere are a number of things you must do before using a credit card abroad, including:
    1. Get a no foreign transaction fee credit card before booking flights, hotels, etc. associated with an international trip. Do so as soon as possible because foreign transaction fees will be assessed for any purchase processed through a foreign merchant, even those you make before departing.
    2. Call your credit card company in order to notify them of your international travel plans and ask for a toll-free number to call in case you encounter problems. If you don’t tell your card issuer that you’re going to a particular country, your card will not work there.
    3. Keep your account number and credit card company’s phone number somewhere safe, because if your card gets lost or stolen, you’ll need both in order to get a new card sent to you.
    4. Some countries may require identification in order to authorize a U.S. credit card transaction so don’t forget your passport when you go shopping.
    5. At the checkout counter, decline any merchant’s offer to convert prices into U.S. Dollars, so you don’t fall victim to Dynamic Currency Conversion (DCC). "Some tourists are happy to know the amount they will be charged in US Dollars. The reality of 'knowing' the exact amount they are charged in US currency, is considered by some, to be ‘a value added’ service,” Professor Boker said. "Other customers react to the DCC phenomena in disapproving manner. When they realized that at Point of Sale (POS) the charge on their purchases is higher than what the credit card company would have charged, they are disapproving of the practice. Many react to this ‘revelation’ by suggesting that it was a ‘one-time thing,’ and from next trip on, they charge purchases in the local currency."

    What about cash?

    By: Odysseas Papadimitriou, CardHub CEOWhenever you travel abroad, it’s a good idea to have cash. While the level of importance obviously depends on how developed the country you’re visiting is (the more developed, the more merchants that accept international credit cards), it’s inevitable that you will find yourself needing to make at least a few cash-only purchases (e.g. cab fare). So what’s the best way to go about getting it? Well, for starters, do not even consider using a credit card for a cash advance, as this will be very expensive, in light of the cash advance fee and APR. Your best options are a debit card or an ATM card. As these cards also come with foreign transaction fees, it pays to shop around before opening one.
    COMMUNITY DISCUSSION

    Help others find the best no foreign fee credit card by sharing what your deciding factor was when choosing your card (customer service, interest rate, fees, convenience, rewards, etc.)

     
    November 18, 2014
    Photo of Joey O.
    By:
    I do look for cards that don’t have foreign transaction fees. I hate fees in general so I try to avoid paying them as much as I can. I also travel a lot so these transaction fees can add up if I keep paying them every time I use my card. I’ve been using the Capital One Platinum Prestige credit card. I would recommend this to anyone who travels out of the country a lot so you don’t keep paying those foreign transaction fees. Save your money!
    November 10, 2014
    Photo of Yael W.
    By:
    I specifically chose CapitalOne when I was living abroad because they didn’t charge a foreign transaction fee and I didn’t want to pay a transaction fee each time I used the card. This saved me quite a bit of money and was also helpful once I moved back to the US and traveled abroad with the card. I never needed to worry about how much I bought at any place because there was no extra charge. It was also important to me to use a card that didn’t charge each time I took money from the ATM in a foreign country. So when searching for a new credit card, I more
    October 24, 2014
    Photo of Dee G.
    By:
    Not having a transaction fee is definitely important to me, mostly when I travel abroad to other countries. It saves me money on purchases, and I don’t have to deal with the hassle of higher credit card fees.
    October 1, 2014
    Photo of Jill M.
    By:
    I look at all extra charges or add ons when deciding on a credit card. I, personally, would have no need for a foreign transaction fee because I do not leave the country often. For me I know any extra charges are just surprises on my bill that I never understand. I would definitely make sure my card does not have a charge of this kind.
    September 30, 2014
    Photo of Mary T.
    By:
    Personally, I have found that a credit card with or without a foreign transaction fee makes little to no difference to me. I have never traveled to a foreign place, and will most likely not travel to a foreign place in the near future.
    November 11, 2014
    Photo of Michelle S.
    I completely agree. I don't do much international travel so it isn't something I would look for when choosing a credit card. If I did feel I needed a card for travel I would definitely look into getting this card.
    September 27, 2014
    Photo of Marino J.
    By:
    I like credit cards with no foreign transaction fees regardless if I travel often or not. I don’t like paying fees in general so this type of card would be ideal for me. I traveled to Europe a few years ago and I got charged a foreign transaction fee on my card. I was not happy about it.
    November 11, 2014
    Photo of Tova H.
    I 100% agree with your sentiments here. I also prefer no foreign transaction fees and personally would prefer a credit card with very few fees, if any. I do a lot of traveling for work and use a credit card frequently for the convenience so one without a surplus of fees is very suitable for me.
    September 18, 2014
    Photo of Kevin S.
    By:
    Lack of a foreign transaction fee, or a very low fee, are very important characteristics. I currently have a card from USAA that, while they claim there is a fee, does not actually charge one. (I realize they could start imposing the fee at any time, so it's not a perfect solution.) I visit Canada quite frequently and would pay quite a bit more for meals, goods and lodging if there were a foreign transaction fee.
    September 14, 2014
    Photo of Cindi H.
    By:
    I used to travel overseas a lot and I was always amazed that the currency exchange rate of the credit card was really favorable. This was back in the days before credit card companies started charging foreign transaction fees. My company explained to me that a credit card does not make its money by giving your an unfavorable rate. When the foreign transaction fees started, I looked for a card that did not charge this and I think that Cap One offers the best cards for this. However, it would be nice to get one that also has a chip. During my last trip to England it was really a more
    September 4, 2014
    Photo of Sara B.
    By:
    I think that a card with no foreign transaction fees could be helpful for a casual traveler, but I think that would only come in handy a few times. I think it would be a lot more worth it for someone who travels often, especially if the fees are higher because of it.
    August 25, 2014
    Photo of Caitlin S.
    By:
    Having no transaction fee is definitely an important factor for me in considering a credit card. The lack of a fee would be a huge plus when traveling. I don't currently have a credit card, but am looking for one to build my credit. My past credit card had no transaction fee and this was particularly useful for me when studying abroad. I know for certain that when looking for another credit card in the future, I will search again for one without a transaction fee. It certainly helps in the long-term when managing my finances not to have to worry about incurring additional charges.
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