Top Credit Cards With Zero Foreign Transaction Fees

When traveling abroad, foreign transaction fees are often added to credit card purchases made in different currencies or through foreign banks. Typically, these fees range from 2% to 3%, which can add up over time and increase your expenses.

There are two types of fees associated with international transactions: one charged by the payment network and another by the card issuer, both based on the transaction amount.

Tips to maximize benefits using no foreign transaction fee credit cards

Carry sufficient cash and credit in your travel essentials. While using your credit card for purchases and services is recommended, always keep some cash for emergencies. Opt for a no foreign transaction fee credit card accepted globally through major networks like VISA or Mastercard.

Review the card’s fee structure before applying, ensuring you understand spending limits and potential charges. This helps prevent unexpected restrictions, especially when shopping for luxury items abroad.

Choose a card issued by a bank with a widespread ATM network worldwide.

Some international merchants may allow payments in dollars, saving you money when the local currency exchange rate is unfavorable.

Look for credit cards that partner with global retailers and accept local currencies to make spending more advantageous. If you lack an international credit card, a no foreign transaction fee card is safer than a debit card, mainly due to enhanced security features and transaction protections. Modern cards typically feature Chip and PIN or Chip and Signature technology, with Chip and PIN being preferable for abroad use. Always opt for travel-friendly cards that work seamlessly internationally—research is key. Also, consider no annual fee options that include no foreign transaction charges.

Popular no foreign transaction fee credit cards of 2018

Capital One® VentureOne® Rewards Credit Card offers 1.25 miles for every dollar spent, with unlimited miles.

Chase Sapphire Preferred® Card rewards travel and dining points, offering a 50,000 miles bonus after spending $4,000 within three months.

Capital One® Venture® Rewards Credit Card provides 2X miles per dollar on all purchases.

HSBC Cash Rewards Mastercard® grants 1.5% cashback on every purchase.

Capital One® Quicksilver® Cash Rewards Credit Card offers 1.5% cashback, with a $150 bonus for spending $500 within the first three months.

Other notable options include Discover it® Cashback Match™, Capital One® Savor℠ Cash Rewards, Bank of America® Travel Rewards, The Platinum Card® from American Express, and the Business Gold Rewards Card from American Express OPEN.