What Credit Card Has No Foreign Transaction Fee

Capital One Quicksilver Cash Rewards Credit Card

Our pick for: Flat-rate cash back

The original 1.5% flat-rate cash-back card still holds its own in a now-crowded field. The Capital One Quicksilver Cash Rewards Credit Card offers a compelling combination of a good rewards rate, redemption flexibility, sign-up bonus and introductory 0% APR period. Read our review.

Preferred Rewards Makes Your Credit Card Even Better

When you enroll in the Preferred Rewards program, you can get a 25% 75% rewards bonus on all eligible Bank of America® credit cards.

Plus, as a Preferred Rewards member, you enjoy real benefits and rewards on your everyday Bank of America® banking and Merrill investment accounts. And as your qualifying balances grow, so do your benefits.

Tips For Using A Credit Card When Traveling Internationally

Before you get on an airplane, there are a few steps you should take:

• If you have a mag stripe card, request a chip credit card from your card provider in advance of your trip.
• Set up a travel alert with your card issuer to notify them of what countries you will be visiting or your card may be flagged for fraud.
• Take two credit cards and keep them in separate places, in case your wallet is lost or stolen.
• Sign up for email or text alerts about charges to monitor your card purchases.
• Use a credit card with no foreign transaction fees.
• If your card has no transaction fees and you’re prompted to choose the payment currency, choose to pay in local rates instead of dollars — you’ll get your bank’s wholesale exchange rate, which would be more favorable than the merchant’s.
• Get familiar with the exchange rate for the country you’re visiting so you have an idea of how much you’re actually spending.

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Capital One Quicksilver Student Cash Rewards Credit Card

• Earn unlimited 1.5% cash back on every purchase, every day
• Limited Time Offer: Earn $100 when you spend $100 in the first three months
• Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges
• Enjoy no annual fee, foreign transaction fees, or hidden fees
• Lock your card in the Capital One Mobile app if it’s misplaced, lost or stolen
• Earn up to $500 a year by referring friends and family when they’re approved for a Capital One credit card
• Earn 8% cash back on entertainment purchases when you book through the Capital One Entertainment portal
• Pick the monthly due date that works best for you
• Build your credit with responsible card use
• Whether you’re at a 4-year university, community college or other higher education institution, this card might be an option for you

Capital One Venture Rewards

The Capital One Venture Rewards Credit Card is another great option without foreign transaction fees and with an annual fee under $100, especially because you can transfer Capital One miles to various airline and hotel programs with an improved 1:1 ratio for most partners.

The card earns 2 miles per dollar on most purchases the simplest rewards structure among travel credit cards. You can also redeem Capital One miles at a fixed rate of 1 cent each toward travel purchases made with your card, without having to worry about award charts and blackout dates.

Capital One recently launched the Capital One Venture X Rewards Credit Card that comes with upscale perks like travel statement credits and airport lounge access, with a $395 annual fee. It also waives foreign transaction fees.

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Best Amex Card With No Foreign Transaction Fee

If youre looking for an American Express card for travel that has all the bells and whistles, then The Platinum Card® may be just right for you. This card comes with a generous signup bonus and all kinds of statement credits and perks, many of which are travel related.

There are no blackout dates with this card, and miles can be used on any airline or at any hotel. It has an introductory APR that may be available to new cardholders, followed by a regular variable APR, based on your creditworthiness. This card is intended for those with good to excellent credit.

Do I Need To Let My Card Company Know Im Traveling

If youve traveled internationally in the past few years, chances are youve been told to let your card company know of your travel plans in advance. The stated reason for this is to avoid having a card deactivated due to fraud prevention measures.

Security experts will tell you its a good idea to notify your credit card company when traveling abroad, but many also say the current fraud detection systems like EMV chip technology are sufficient protection. Active monitoring for credit card fraud by all major card companies has resulted in far fewer incidents of this type of abuse in recent years.

If you do choose to notify your card company of your travel plans, most will let you do so either online or through a mobile app. And since they make it so easy to do, we say better safe than sorry.

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Learn More About The Scotiabank Passport Visa Infinite

The Scotiabank Passport Visa Infinite was the first credit card from one of Canadaâs big banks with no foreign transaction fees. It also boasts an excellent welcome offer of 35,000 bonus points .

It also offers robust travel insurance benefits and a competitive rewards structure of 3 Scotia points per dollar at participating grocery stores like Sobey’s, IGA, and Freshco , 2 Scotia points per dollar on groceries, restaurants, entertainment, and daily transit , and 1 point per dollar on everything else.

Scotia Rewards are flexible and can be redeemed for flight purchases on any airline with no blackout dates. For context, 1 Scotia point = $0.01, or 1% in travel rewards. Youâre also eligible to receive 25% off car rentals at participating Avis locations â a perk that is offered to all Scotiabank credit card holders.

Capital One Venture Rewards Credit Card

7.5/10How we rate credit cardsIntro OfferRecommended CreditReward Rates

• Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
• Earn unlimited 2X miles on every purchase, every day.

Annual FeeBalance Transfer APRBalance Transfer FeeLate Payment FeeForeign Transaction FeesPenalty APR

• Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
• Earn unlimited 2X miles on every purchase, every day.

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Who Should Skip A No Foreign Transaction Fee Credit Card

• The balance carrier. Some cards in this category have APRs that are usually on the higher end of average, which can mean a lot when it comes to carrying a balance on the card and what purchases you make abroad. Make sure to be aware of what youll be charged if you cant pay your bills off in full each month.

How We Rank No Foreign Transaction Fee Credit Cards

Our lists of the best credit cards are based on publicly available data from card issuers and other reputable sources like the Consumer Finance Protection Bureau. We review each card’s fees, interest rates, rewards, benefits and more to assign a rating for each feature. These ratings are stack ranked and weighted for each card category to determine our top selections for each type of user. Because card details change regularly, we revisit our data each month to update our ratings, recommendations and other card information as needed. Learn more about our data collection and ranking process.

Top Rating Criteria for No Foreign Transaction Fee Credit Cards

Annual Fee

FAQs About No Foreign Transaction Fee Credit Cards

Learning the answers to other commonly asked questions about credit cards with no foreign transaction fees will help when comparing your options and choosing a card.

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How To Choose The Best No Foreign Transaction Fee Credit Card

The best credit cards for international travel all have one thing in common: no foreign transaction fees. But simply not charging foreign transaction fees is not reason enough to pick a card. There are enough credit cards that don’t charge international fees that you can make your pick based on your financial goals, the types of travel you enjoy and the benefits you seek.

Here are other factors to take into account when choosing the best no foreign transaction fee credit card for you:

Best No Foreign Transaction Fee Card For Poor Credit

Pros and cons

• No annual fee The $0 annual fee is ideal for cardholders trying to build or rebuild credit.
• Capital One will automatically review your credit limit and may raise your limit.
• Upgrade option After you use the card responsibly, Capital One may offer you an upgrade to a non-secured card.

• No welcome bonus The card lacks a sign-up bonus.
• No rewards You won’t earn points or miles for your spending.
• Requires a deposit The card requires you to put down a security deposit of up to $200.
• Low starting credit limit The initial credit limit of $200 may prevent you from making any big purchases on the card.

Verdict: An affordable option for building credit

The Capital One Platinum Secured Credit Card is a good choice for cardholders who are building or rebuilding credit and want a card with no foreign transaction fees. Depending on your credit limit, you may not be able to spend much on your card while traveling internationally. But it will be nice to not rack up unnecessary fees when you do pull out your card on a trip since Capital One is a bank that has no foreign transaction fees on any of its cards.

The card also offers automatic credit line reviews and the ability to upgrade to a non-secured card eventually, which opens the possibility to get a refund of your deposit and a higher credit limit.

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Best Credit Cards With No Foreign Transaction Fees For October 2022

Save money while traveling abroad by avoiding additional charges on your transactions.

Cynthia Paez Bowman

Cynthia Paez Bowman is a finance, real estate and international business journalist. Besides Bankrate.com, her work has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and SimpleDollar.com. She owns and operates a small digital marketing and public relations firm that works with select startups and women-owned businesses to provide growth and visibility. Cynthia splits her time between Los Angeles, CA and San Sebastian, Spain. She travels to Africa and the Middle East regularly to consult with women’s NGOs about small business development.

CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and links appear on our site.

We are an independent publisher. Our advertisers do not direct our editorial content. Any opinions, analyses, reviews, or recommendations expressed in editorial content are those of the authors alone, and have not been reviewed, approved, or otherwise endorsed by the advertiser.

Best Credit Card For Students With No Foreign Transaction Fees

Pros and cons

• Good way to build credit The card offers a good way for students who travel to build credit without having to pay foreign transaction fees.
• 0% intro APR Get 0% Introductory APR for the first 18 billing cycles following the opening of your account on purchases
• Earn rewards Get rewarded for your spending with earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points.

• No travel coverage or perks The card doesn’t supply even basic travel insurance, so you may end up having to buy a policy if you travel or study abroad.
• Points not worth much The points you earn may not be worth as much as those on more flexible travel cards.

Verdict: One of the best travel cards for students

Are you a college student looking for a credit card with no foreign exchange transaction fees? The Bank of America® Travel Rewards Credit Card for Students is one of the best credit cards for students with 0% foreign transaction fees.

The card is very similar to the Bank of America® Travel Rewards credit card, but aimed toward students who have thin or no credit files and are building credit. This is a solid entry-level credit card for students who travel internationally. It may make a good pick if you’re studying abroad or taking a post-graduation vacation or gap year.

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Bank Of America Travel Rewards Credit Card: Best For No Annual Fee

• What we love about the Bank of America Travel Rewards card: If you book travel through Bank of America Travel Center, you can earn an additional 1.5 points per dollar for a total of 3 points per dollar spent on airfare, hotels and rental cars. Plus, purchases made at campgrounds, zoos, art galleries, aquariums and more can be redeemed for travel statement credits.
• Who this card is good for: People looking for travel rewards in solid spending categories and nonrestrictive redemption options.
• Alternatives: This credit card lacks premium perks like airport lounge access that many luxury travelers are looking for, so a traveler searching for premium rewards and perks might find a card like The Platinum Card® from American Express to be a better fit.

Jump back to offer details.

Pros Of A No Foreign Transaction Fee Credit Card

• You can rack up rewards. Some credit cards with no foreign transaction fees offer cash back rewards on popular spending categories in addition to travel cards offering points and miles.
• Youll have access to travel perks. Along with base rewards and no foreign transaction fees, premium travel credit cards typically offer trip cancellation insurance, supplemental auto insurance, free checked bags, airport lounge access and other notable amenities.
• Youll get a fair exchange rate. When you get your statement after buying something with a credit card in a foreign country, youll see that the charge has been converted to U.S. dollars. Your payment network will take care of the conversion, and you can usually be confident that youre getting a fair exchange rate.

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Best For Cash Back: Capital One Quicksilver Cash Rewards Credit Card

• Best features: The Quicksilver is an easy-to-understand rewards card: It gets unlimited 1.5% cash back on all purchases and has a sign-up bonus of $200 for spending $500 in the first three months. As an added welcome, this flat-rate card offers a 0% intro APR offer on purchases for 15 months a perfect window to purchase a trip to be paid off in increments while temporarily avoiding interest. In addition, this card charges no annual fee.
• Biggest drawbacks: Its flexible rewards and intro offer make this an easy-to-use card, but there are more valuable rewards out there for experienced cardholders.
• Alternative: Thanks to a flat cash rewards rate of 2%, you might get more value on your everyday expenses with the Wells Fargo Active Cash® Card. But youll miss out on paying no foreign transaction fees as the Active Cash card comes with a 3% fee for foreign transactions.
• Bottom line: Travelers with good or excellent credit who prefer an uncomplicated rewards program will be pleased with the Capital One Quicksilver Cash Rewards Credit Card, which charges no foreign transaction fee.

Read our Capital One Quicksilver Cash Rewards Credit Card review or jump back to this cards offer details.

How To Compare Credit Cards For Overseas Travel

With certain credit cards on the market specifically designed for overseas use, there are some important features you should compare to find the right one for you.

Annual Percentage Rate

However, APR doesnt take into account other fees, such as those you may or may not be charged when you travel abroad. A 0% foreign fees credit card may have a higher APR than other types of credit cards, but it will save you quite a lot in fees if you travel often and dont carry a balance on the card. So, while a handy figure to compare the cost of borrowing with different cards, the APR doesnt tell the whole story.

Finally, always keep in mind that credit card companies only have to offer their advertised representative APR to 51% of the people who are approved for the card .

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Cards That Dont Charge For Overseas Transactions

Approval for any credit card will depend on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you’re offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It’s always wise to check the terms of any deal before you borrow.

Capital One Venture Rewards Credit Card: Best For Flat

Annual fee: $95.

Sign-up bonus: 75,000 bonus miles after you spend $4,000 on purchases within the first three months of account opening.

Bonus rewards: 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and 2 miles per dollar on every purchase.

Why we like it: The Capital One Ventures simple rewards structure has made it a crowd favorite for beginner travelers who want to earn rewards on everyday expenses with their Capital One credit card. It offers fixed-value miles that you can redeem for 1 cent apiece to offset travel purchases, plus the ability to transfer miles to its airline transfer partners. Youll even get a credit for the TSA PreCheck/Global Entry application fee every four years , which is a rare benefit for a mid-tier card.

Official application link: Capital One Venture.

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