NerdWallet’s Best No Foreign Transaction Fee Credit Cards, 2015
Ever felt like you’ve been ripped off when you use your credit card internationally? Chances are, you’re right: most dock you 3% of every dollar you spend overseas. But these cards will save you a pretty penny with waived foreign transaction fees, bonus travel rewards, killer sign-up offers and more. Read on for our review of our favorite credit cards with no foreign transaction fee, as well as a comprehensive, continuously updated list.
A Few of Our Favorite International Credit Cards
Best sign-up bonus: the Chase Sapphire Preferred® Card
Transfer points 1:1 to United MileagePlus, Southwest, British Airways, Korean Air, Ritz-Carlton, Marriott, Hyatt, Priority Club, Amtrak
The Sapphire’s perfect for rewards chasers who want to transfer their points to an airline or hotel program, and is also great if you have the Chase Freedom, which earns 5% cash back in bonus categories. You can transfer your Freedom points to the Sapphire account to take advantage of the 25% boost, meaning that the Freedom basically earns 6.25% rewards in bonus categories.
Triple Crown of Travel – No foreign transaction fee and no annual fee with EMV Chip: the BankAmericard Travel Rewards® Credit Card
Use points on: Any airline or hotel – points are redeemed against any travel expense
on Bank of America's
on Bank of America's
What’s more, if you’re a Bank of America® banking customer, you’ll have the opportunity to earn a points dividend of 25%, 50% or 75% through the Preferred Rewards program. The bonus you’ll receive depends on the type of account you have and the total amount of your assets. But even if you don’t qualify for Preferred Rewards status, just having a Bank of America® checking or savings account will give you a boost: You’ll get a 10% dividend on the points you earn.
Those points can be redeemed as a statement credit against any travel purchase, including, airfare, baggage fees and hotels. And with an online-exclusive 10,000 bonus points if you make at least $500 in purchases in the first 90 days, there’s a lot to love.
Best travel credit card with flat-rate rewards: the Capital One® Venture® Rewards Credit Card
Use miles on: Any travel expense – redeem as a statement credit.
on Capital One's
on Capital One's
Credit Cards With No Foreign Transaction Fee
Here are some more credit cards that charge no foreign transaction fees:
List current as of May 15, 2015
From American Express:
- Gold Delta SkyMiles® Credit Card from American Express
- The Business Platinum Card® from American Express OPEN
- The Platinum Card® from American Express
From Bank of America:
From Capital One:
- Capital One® Quicksilver® Cash Rewards Credit Card
- Capital One® Venture® Rewards Credit Card
- Capital One® Spark® Cash for Business
- All other Capital One cards
- British Airways Visa Signature® Card
- Chase Sapphire Preferred® Card
- Marriott Rewards® Premier Credit Card
- Southwest Airlines Rapid Rewards® Premier Credit Card
- United MileagePlus® Explorer Card
From Comenity Capital Bank:
From Pentagon Federal:
From U.S. Bank:
From Wells Fargo:
Current foreign transaction fees for U.S. card issuers
It’s important to note that many of the issuers listed below waive foreign transaction fees on certain cards, but unless this is specifically stated, assume that the fee schedule below applies.
|Issuer||Foreign Transaction Fee|
|Air Force Federal Credit Union||1%|
|Bank of America||3% (Visa/MC), 1% (American Express)|
|Commerce Bank||1% of transactions in USD; 2% of transactions in other currencies|
|Fidelity||1% (American Express) 3% (Visa)|
|Fifth Third Bank||3%|
|First National Omaha Bank||3%|
|Pentagon Federal Credit Union||0%|
|Santander Bank (formerly Sovereign)||3%|