NerdWallet’s Best No Foreign Transaction Fee Credit Cards

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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 signup 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.

NerdWallet’s picks: the best no foreign transaction fee cards
List of all no F/X fee cards
Current foreign transaction fees charged by issuer

A Few of Our Favorite International Credit Cards

Best travel points card with no foreign transaction fee: 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
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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. It has EMV chip technology, too, which is helpful when you’re traveling to Europe. If you have other qualifying Bank of America accounts, you can also get an annual 10% customer points bonus on your total purchases, raising your rate to 1.65 points on every $1 spent. 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 signup 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
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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 signup bonus of Earn 40,000 bonus points after you spend $3,000 in the first 3 months. 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.

Best travel credit card with flat-rate rewards: the Barclaycard Arrival Plus™ World Elite MasterCard®

Use miles on: Any travel expense – redeem as a statement credit.

Barclays Arrival Credit Card
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on Barclays's
secure website

The Barclaycard Arrival is one of the best travel credit cards on the market right now: it pays out a full 2.2 miles on every dollar spent when you redeem as a statement credit against any travel expense. It works like this: you earn 2 miles per $1 as a base rate, and 10% of those miles are credited back to your account. That adds up to a solid 2.2 miles per $1 on all purchases. Moreover, the card comes with a bonus. Earn 40,000 bonus miles when you spend $3,000 or more on purchases in the first 90 days from account opening. The bonus is also worth 10% more when you redeem as a statement credit against travel expenses. It has an $89 annual fee, waived the first year, but that’s more than offset by the high signup bonus and rewards rate. Moreover, it’s a World MasterCard, so you’ll get perks like trip insurance, concierge service and warranty protection. This is a great card for big spenders whose purchases span a range of categories, and is a favorite here at NerdWallet.

Best no annual membership fee, cash-back card: the Capital One® Quicksilver® Cash Rewards Credit Card

Rewards program: cash

Capital One Cash Credit Card Credit Card
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on Capital One's
secure website

The Capital One® Quicksilver® Cash Rewards Credit Card doesn’t only help you dodge foreign transaction fees: It also has no annual fee. But this doesn’t mean you’re sacrificing rewards: You get a flat 1.5% cash back on all purchases, plus a bonus – One-time $100 bonus after you spend $500 on purchases within the first 3 months. Just because you travel abroad doesn’t mean you have to pay annual fees!

Credit Cards With No Foreign Transaction Fee

These are all credit cards that charge no foreign transaction fees at all. Are we missing anything? Let us know in the comments below.

List current as of June 10, 2014


Current foreign transaction fees for US 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%
HSBC 0%
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%
USAA 1%
Wells Fargo 3%
Zion’s Bank 3%

 

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  • http://batman-news.com 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.

  • http://www.nerdwallet.com/ NerdWallet

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

  • http://www.nerdwallet.com/ 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: http://www.nerdwallet.com/credit-card/category/hotel-credit-cards

  • James

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

  • Jolyn Leung

    which one is it?