Best no foreign transaction fee credit cards

10 Best No Foreign Transaction Fee Credit Cards

*Advertiser disclosure: Capture the Atlas has partnered with CardRatings for our coverage of credit card products. Some or all of the card offers that appear on the website are from advertisers, although the site does not include all card companies, or all available card offers. Capture the Atlas and CardRatings may receive a commission from card issuers, which may impact how and where cards appear on the site.

When traveling abroad, one of the best things you can do is bring along a credit card with no foreign transaction fees. This is one of our top tips to travel cheaply, and it will come in handy when you’re making ATM withdrawals and purchases overseas or even online with a retailer outside of the U.S.

We’ve been traveling around the world for several years now, so we have a lot of experience with spending money in different countries. Figuring out your money situation before you go abroad is one of the most important steps in planning your trip, although it can be stressful and overwhelming.

Greenpoint Brooklyn, credit card no foreign transaction fee

10 Best No Foreign Transaction Fee Credit Cards

To help you make sense of all the different options on the market, I’m sharing the top 10 cards with no foreign transaction fees. Keep reading to get a closer look at these cards, including their annual fees, rewards benefits, and other perks, as well as to learn what a foreign transaction fee is.

I also recommend looking at our guide to the best travel credit cards, where you’ll find several of these zero foreign transaction fee credit cards.

10 Best credit cards with no foreign transaction fees

In addition to international spending fees, you should also think about factors like annual fees, rewards, and welcome offers. After reviewing a handful of the most popular travel cards, I’ve found ten great ones to choose from, depending on what kind of benefits you want.

To sum up, these are the 10 best no foreign transaction fee credit cards:

  1. Chase Sapphire Preferred®, the best travel rewards credit card with no foreign transaction fees
  2. Capital One® Venture® Rewards, the best starter credit card with no foreign transaction fees
  3. Citi Premier® Card, the best no foreign transaction fee credit card with dining rewards
  4. U.S. Bank Altitude® Connect Visa Signature® Card, another no foreign transaction fee credit card with extra perks
  5. American Express® Gold Card, a luxury credit card with no foreign transaction fees
  6. Capital One® VentureOne® Rewards, one of the top credit cards with no foreign transaction fees
  7. Marriott Bonvoy Bold®, the best hotel credit card with no foreign transaction fees
  8. Capital One® Quicksilver® Cash Rewards, a cash back credit card with no foreign transaction fees
  9. Bank of America® Travel Rewards, a credit card with no foreign transaction fee or annual fee
  10. Discover it® Miles, another beginner-friendly credit card with no foreign transaction fees

1. Chase Sapphire Preferred®, the best credit card with no foreign transaction fees

First, the Chase Sapphire Preferred card is a Visa credit card, so you shouldn’t have problems using it around the world. It does have an annual fee, but it’s relatively small, and the rewards rate makes up for it. For example, you can earn 5x points on most travel expenses and 3x points on dining. As long as you have a good credit score rating, you should get approved, so it’s the best no foreign transaction fee credit card from Chase for beginners.

Chase Sapphire Preferred, debit card no foreign transaction fee

  • Welcome offer: 60,000 points
  • Estimated value: $750
  • Annual fee: $95
  • Foreign transaction fee: 0%
  • Rewards rate: 5x points on Lyft and travel booked through Chase Ultimate Rewards; 3x points on dining, streaming services, online groceries; 2x points on other travel expenses; 1x points on all other purchases

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2. Capital One® Venture® Rewards Credit Card, the best starter credit card with no foreign transaction fees

If you’re looking for a Capital One credit card with no foreign transaction fees, consider Capital One Venture Rewards. This Visa credit card is widely accepted around the world, and while it has a small annual fee of $95, it has a great rewards rate. Earn 5x points on hotels and rental cars and 2x points on all other purchases. Plus, you can get up to a $100 statement credit to use for a TSA PreCheck or Global Entry application.

Capital One Venture Rewards Credit Card, credit cards with no foreign transaction fee

  • Welcome offer: 75,000 points
  • Estimated value: $750
  • Annual fee: $95
  • Foreign transaction fee: 0%
  • Rewards rate: 5x points on hotels/rental cars booked through Capital One Travel; 2x points on every purchase

3. Citi Premier® Card, the best no foreign transaction fee credit card with dining rewards

The Citi Premier Card is a Mastercard, so you should be able to use it around the globe at most places. It has a small annual fee but a great welcome offer of 60,000 points, which you can transfer to several airline loyalty programs. This no foreign transaction fee Citi card also offers a $100 annual hotel savings credit you can put toward a stay of $500 or more.

Citi Premier Card, credit cards no foreign transaction fees

  • Welcome offer: 60,000 points
  • Estimated value: $600
  • Annual fee: $95
  • Foreign transaction fee: 0%
  • Rewards rate: 3x points at restaurants, supermarkets, gas stations; 3x points on flights and hotels; 1x points on all other purchases

4. U.S. Bank Altitude® Connect Visa Signature® Card, another no foreign transaction fee credit card with extra perks

For extra rewards and travel benefits, check out the U.S. Bank Altitude Connect Visa Signature Card. It’s the best no foreign transaction fee credit card from U.S. Bank, offering up to 5x points on travel purchases. You may also take advantage of 1x points on all other purchases, an annual $30 credit for streaming services, and up to $100 in statement credits when you use your card to apply for TSA PreCheck or Global Entry. Not only that, but the $95 annual fee is waived for your first year.

U.S. Bank Altitude Connect Visa Signature Card, credit card without foreign transaction fees

  • Welcome offer: 50,000 points
  • Estimated value: $500
  • Annual fee: $95 (waived for first year)
  • Foreign transaction fee: 0%
  • Rewards rate: 5x points on hotels/rental cars booked through Altitude Rewards Center; 4x points on gas, EV charging stations, and other travel expenses; 2x points on groceries, dining, streaming services; 1x points on all other purchases

5. American Express® Gold Card, a luxury credit card with no foreign transaction fees

If you like to travel in style, the American Express Gold Card is for you. Enjoy great reward rates and a generous welcome offer of 60,000 points, plus annual dining and Uber credits of up to $120 each. While this AmEx card has no foreign transaction fees, you should be aware that American Express isn’t as widely accepted as Visa and Mastercard. Also, the $250 annual fee is a bit steep.

American Express Gold Card, credit cards for no foreign transaction fees

  • Welcome offer: 60,000 points
  • Estimated value: $750
  • Annual fee: $250 (Rates & Fees)
  • Foreign transaction fee: 0%
  • Rewards rate: 4x points on dining; 4x points on supermarket purchases up to $25,000; 3x points on flights booked through AmEx Travel or directly through airline; 1x points on all other eligible purchases

6. Capital One® VentureOne® Rewards Credit Card, one of the top credit cards with no foreign transaction fees

Here is another Capital One credit card with no foreign transaction fees. The Capital One VentureOne Rewards card has fewer benefits than some of the other cards on this list, but you’ll still earn 5x miles on hotels and rental cars booked through Capital One Travel. In addition, there are no limitations on which airline you can fly with and which hotel you can stay at. So, if you’re looking for a no annual fee, no foreign transaction fee credit card, this is a great option.

Capital One VentureOne Rewards Credit Card, credit card with no foreign transaction fee

  • Welcome offer: 20,000 points
  • Estimated value: $200
  • Annual fee: $0
  • Foreign transaction fee: 0%
  • Rewards rate: Unlimited 5x miles per $1 on hotels/rental cars booked through Capital One Travel; unlimited 1.25x miles per $1 on every purchase

7. Marriott Bonvoy Bold® Credit Card, the best hotel credit card with no foreign transaction fees

Marriott Bonvoy Bold is another good starter travel credit card with no foreign transaction fees. Along with no annual fee, it has a decent welcome offer and additional travel benefits. Some perks of this card include 15 yearly Elite Night Credits to use at Marriott properties, as well as lost or delayed luggage reimbursement. As a Visa card, it’s one of the best credit cards with no annual fee and no foreign transaction fee that you can use worldwide.

Marriott Bonvoy Bold Credit Card, credit cards with no foreign transaction fee

  • Welcome offer: 30,000 points
  • Estimated value: $250
  • Annual fee: $0
  • Foreign transaction fee: 0%
  • Rewards rate: 3x points at Marriott Bonvoy hotels; 2x points on other travel expenses; 1x points on all other purchases

8. Capital One® Quicksilver® Cash Rewards Credit Card, a cash back credit card with no foreign transaction fees

Last but not least, the Capital One Quicksilver Cash Rewards Credit Card is another option to consider. This Capital One credit card has no foreign transaction fees, no annual fee, and a welcome offer for new cardholders. Therefore, it’s another good starter card, especially since you only have to spend $500 in your first three months to earn the welcome offer. Plus, it’s a Visa, so it’s a great card to have on hand while traveling internationally.

Capital One Quicksilver Cash Rewards Credit Card, credit cards foreign transactions no fees

  • Welcome offer: 20,000 points
  • Estimated value: $200
  • Annual fee: $0
  • Foreign transaction fee: 0%
  • Rewards rate: 5% cash back on hotels/rental cars booked through Capital One Travel; 1.5% cash back on every purchase

9. Bank of America® Travel Rewards Credit Card, a credit card with no foreign transaction fee or annual fee

The Bank of America Travel Rewards card is also a Visa credit card, so it’s accepted worldwide. In addition to being a no foreign transaction fee credit card, it has no annual fees and a secure chip-and-PIN system. You can redeem your points for all kinds of travel expenses, including flights, hotels, rental cars and properties, restaurants, and attractions. That said, it’s best suited to Bank of America account holders, who can earn maximum benefits.

Bank of America Travel Rewards Credit Card, debit card with zero foreign transaction fee

  • Welcome offer: 25,000 points
  • Estimated value: $250
  • Annual fee: $0
  • Foreign transaction fee: 0%
  • Rewards rate: Unlimited 1.5 points per $1 on all purchases

10. Discover it® Miles, another beginner-friendly credit card with no foreign transaction fees

Discover it Miles is a Discover card that doesn’t have foreign transaction fees, nor does it have an annual fee. In addition, there is no minimum spending requirement and no limit to how many miles you can earn. As a welcome offer, any points you earn in your first year will be doubled by Discover Match. This no foreign transaction fee Discover credit card is accepted around the world, although you won’t be able to use it in several countries in the Caribbean, eastern Europe, and South America.

Discover it Miles, credit cards for no foreign transaction fees

  • Welcome offer: Discover Match (double the points you earn in your first year)
  • Estimated value: Varies (depend on how much you spend)
  • Annual fee: $0
  • Foreign transaction fee: 0%
  • Rewards rate: 5x miles per $1 on every purchase

Comparing the best no foreign transaction fee cards

Here is a table showing the best credit cards without foreign transaction fees, including a comparison of annual fees, welcome offers, and rewards rates.

CARD

FOREIGN TRANSACTION FEE

ANNUAL FEE

WELCOME OFFER

ESTIMATED VALUE ℹ️

REWARDS RATE

1. Chase Sapphire Preferred

0%

$95

60,000 pts

$750

• 5x pts on Lyft and Chase Ultimate Rewards travel
• 3x pts on dining, streaming, online groceries
• 2x pts on other travel expenses
• 1x pts on all other purchases

2. Capital One Venture Rewards

0%

$95

75,000 pts

$250

• 5x points on hotels/rental cars booked through Capital One Travel
• 5x points per $1 on bookings through Turo (until May 16, 2023)
• 2x points on every purchase

3. Citi Premier Card

0%

$95

80,000 pts

$800

• 3x points at restaurants, supermarkets, gas stations
• 3x points on flights and hotels
• 1x points on all other purchases

4. U.S. Bank Altitude Connect

0%

$95 (waived for first year)

50,000 pts

$500

• 5x points on hotels/rental cars booked through Altitude Rewards Center
• 4x points on gas, EV charging stations, and other travel expenses
• 2x points on groceries, dining, streaming services
• 1x points on all other purchases

5. American Express Gold Card

0%

$250

60,000 pts

$750

• 4x points on dining
• 4x points on supermarket purchases up to $25,000
• 3x points on flights booked through AmEx Travel or directly through airline
• 1x points on all other purchases

6. Capital One VentureOne Rewards

0%

$0

20,000 pts

$200

• Unlimited 5 miles per $1 on hotels/rental cars booked through Capital One Travel
• Unlimited 1.25 miles per $1 on every purchase

7. Marriott Bonvoy Bold

0%

$0

30,000 pts

$250

• 3x points at Marriott Bonvoy hotels
• 2x points on other travel expenses
• 1x points on all other purchases

8. Capital One Quicksilver Cash Rewards

0%

$0

20,000 pts

$200

• 5% cash back on hotels/rental cars booked through Capital One Travel
• 1.5% cash back on every purchase

9. Bank of America Travel Rewards

0%

$0

25,000 pts

$250

• Unlimited 1.5 pts per $1 on all purchases

10. Discover It Miles

0%

$0

Discover Match (double the points you earn in your first year)

Varies (depends on how much you spend)

• 1.5x miles per $1 on every purchase

BEST NO FOREIGN TRANSACTION FEE CREDIT CARDS

 

What is a foreign transaction fee?

A foreign transaction fee is what card issuers and banks charge when you withdraw money from a foreign ATM or make a purchase outside of the U.S., even if you’re buying something online. Unless you have a credit card with no foreign transaction fees, you’ll probably end up paying a 1% to 5% foreign transaction fee on each purchase.

How to avoid foreign transaction fees while abroad

Now that you know what a foreign transaction fee is, here are the top tips for avoiding these pesky fees while you’re overseas:

  • Notify your bank before your trip and make sure you know whether or not your card charges for foreign transactions.
  • Bring two or more cards, including a debit card with zero international fees. Also, consider opening a Wise account or getting a Revolut card if you plan on sending or receiving money while abroad.
  • Avoid extra ATM fees by using your debit card to make withdrawals, if necessary.
  • Have some local currency on hand and wait to exchange your currency until you reach your destination.
  • Decline the dynamic currency conversion option and instead, choose to pay in the local currency at your destination.
  • If you’re traveling to Europe, consider applying for a VAT refund to get some money back for paying foreign sales tax.
  • Make sure your credit card is a chip-and-PIN card for added protection against fraudulent purchases.

FAQs – No foreign transaction fee credit cards

If you’re still unsure about no foreign transaction fee credit cards, here are the answers to some commonly asked questions.

The exchange rate won’t directly affect foreign transaction fees since the fees are determined by the card issuer. That said, while the fee percentage won’t change, the fee’s dollar amount can change, depending on the exchange rate.

There are several great credit cards with no foreign transaction fees. Depending on what kind of benefits you’re looking for, you can find top-rated cards from Chase, AmEx, Capital One, and more.

If you have a credit card with zero foreign transaction fees, you can avoid paying extra charges for purchases abroad.

The foreign transaction fee gets applied to your credit card statement, so you can pay it when you pay off your balance each month.

You’ll save the most money if you use your no foreign transaction fee credit card abroad and stick to the local currency.

I hope this guide cleared up any confusion you had about what a foreign transaction fee is and how to avoid extra charges while overseas. If you have any questions about choosing a credit card with no foreign transaction fees, leave me a comment below. I’d be happy to hear from you!

Until then, have a great trip!

*Advertiser disclosure: Capture the Atlas has partnered with CardRatings for our coverage of credit card products. Some or all of the card offers that appear on the website are from advertisers, although the site does not include all card companies, or all available card offers. Capture the Atlas and CardRatings may receive a commission from card issuers, which may impact how and where cards appear on the site.

*Editorial disclosure: Opinions, reviews, analyses, and recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any bank, credit card issuer, hotel, airline, or any other entity included within the post.

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COFOUNDER & TRAVEL JUNKIE

Hi, I'm Ascen, a globetrotter based in Philadelphia, USA. I enjoy exploring new landscapes and creating in-depth travel guides for Capture the Atlas.

I have felt a special connection with nature and all the inhabitants of the planet since I was a kid. I am passionate about discovering new countries and especially their wildlife, but no matter how many places I visit, I will always belong to the remote beaches of Almería, in Southern Spain.

You can know a little more about me here.

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