NerdWallet’s Best No Foreign Transaction Fee Credit Cards, 2015

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Best No Foreign Transaction Fee Credit Cards

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
Credit cards with no foreign transaction fees
Current foreign transaction fees for U.S. card issuers

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

Chase Sapphire Preferred Credit Card
Apply Now

on Chase's
secure website

The Chase Sapphire Preferred is another great travel rewards credit card, and our favorite in Chase’s lineup with a fantastic sign-up bonus of earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening The points are worth 25% more when you redeem them for travel through Chase’s booking tool, an opportunity offered on no other personal Chase credit card. The card also earns 2 points per $1 on travel and dining and 1 per $1 everywhere else. With the 25% travel boost, your rewards rate could be as high as 2.50% and 1.25%. It has an Introductory Annual Fee of $0 the first year, then $95

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

Bank of America Travel Rewards Credit Card
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on Bank of America's
secure website

The BankAmericard Travel Rewards® Credit Card offers a flat 1.5 points on every dollar you spend and has no annual fee, but provides additional perks for travelers. For instance, it has EMV chip technology, which is helpful when you’re traveling to Europe.

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.

Capital One Venture Rewards Credit Card
Apply Now

on Capital One's
secure website

The Capital One® Venture® Rewards Credit Card is one of the best travel rewards cards on the market today. It’s one of the very few that give a full 2% rewards on all purchases, and comes with a host of traveler-friendly perks, including a generous sign-up bonus: 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. Most importantly, the Capital One® Venture® Rewards Credit Card, like all Capital One cards, has no foreign transaction fee. In addition, it gives concierge service and travel accident insurance. Relative to the other rewards cards out there, which dole out restrictive airline miles or points, charge for overseas purchases or give lower rewards rates, the Capital One® Venture® Rewards Credit Card stands out as the best choice for the most people.

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:

From Bank of America:

From Barclaycard:

From Capital One:

From Chase:

From Citi:

From Comenity Capital Bank:

From Discover:

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%
American Express 2.7%
Bank of America 3% (Visa/MC), 1% (American Express)
Barclays 3%
BB&T 3%
Capital One 0%
Chase 3%
Citibank 3%
Citizens Bank 2.9%
Comerica Bank 3%
Commerce Bank 1% of transactions in USD; 2% of transactions in other currencies
Discover 0%
Heartland Bank 1%
KeyBank 3%
Fidelity 1% (American Express) 3% (Visa)
Fifth Third Bank 3%
First National Omaha Bank 3%
Horizon Bank 3%
Navy Federal 1%
Nordstrom 0%
Pentagon Federal Credit Union 0%
PNC 3%
Simmons Bank 3%
Santander Bank (formerly Sovereign) 3%
State Farm 1%
US Bank 3%
Wells Fargo 3%
Zion’s Bank 3%


  • Brett

    U.S. Bank JUST eliminated the tran fee on the Flexperks Travel Rewards card. EMV chipped and $400 bonus after $3500 is spent. Also no fee for 2 years with account at US Bank, 1st year no fee, $50 fee thereafter payable with 3500 points (Free 3500 points if you spend $23K/yr).

  • Colorpencilart

    1 percent fee I love USAA has been the choice of our family for everything.

  • MRV

    Just adding my two cents:

    I am travelling in Europe. I lost my card and called Capitol One to have them mail the replacement to my vacation home in Switzerland. They tell me that as a matter of policy they do not mail cards overseas. Only to my registered US address !!!?? And this is supposed to be a Capitol one card designed for foreign travel. I am also cancelling and going with another issuer.

  • John Schafer

    I agree – I’m confused by this article because in the beginning, Discover card is listed as not charging any foreign transaction fees, but in the section listing standard FTF’s, it lists Discover Card as having 2% standard fee. I’ll give Discover Card a call and get the straight answer, but you may want to address this issue in your article to clarify the fee for others.

  • NerdWallet

    Hi John, thanks for catching the error! Discover now has no FX fees on all of its credit cards.

  • NerdWallet

    Hi there,

    Check out our comparison of hotel credit cards and see if any catch your eye – they tend to give great rewards rates when you spend at their namesake hotels:

  • James

    Chase Sapphire Preferred Visa is a good card. Decent rewards also.

  • Jolyn Leung

    which one is it?