The Best Foreign Transaction Fee Credit Cards of 2020
Many credit card issuers charge fees if you purchase with your credit card in a currency other than the US dollar. This foreign transaction fee can increase if you make any purchases in other countries. Even online purchases from foreign companies can be charged foreign transaction fees.
If you want to reduce foreign currency transaction costs, choose a free foreign currency transaction credit card. We have chosen the best free credit cards for foreign transactions. These includes:
The lack of transaction fees for foreign banks is not the only perk these credit cards offer. You will also find credit cards with cash and travel rewards, promotional interest rates, and another extraordinary perk to sweeten the business.
Wells Fargo Propel American Express is the Best Overall
Wells Fargo Propel American Express gives you the opportunity to earn 30,000 bonus points if you spend $ 3,000 on purchases in the first three months.
If you continue, you will receive three points for every dollar you spend on food and ordering Gas, horse riding and transit; Flights, hotels, accommodations, and car rentals; and popular streaming services. For all other credit card purchases, one point per dollar is earned.
Pay your cellphone bill with your credit card and receive your cellphone protection if your credit card is damaged or stolen.
If you have received a Wells Fargo bonus in the last 15 months, you may not be eligible to win a bonus.
Minimum Credit Required: Good
Annual Fee: None
Intro APR is charged at 0% on purchases and balance transfers for 12 months
Ongoing APR: 16.24%-28.24% variable
Balance Transfer Fee: $5 or 3% of the transfer amount
Cash Advance Fee: $10 or 5% of the cash advance
Foreign Purchase Transaction Fee: None
Welcome Offer: 30,000 bonus points after spending $3,000 on purchases in the first three months
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Although there are many cards that offer no foreign transaction fees, we’ve rounded up our favorite cards for freque
Chase Sapphire Preferred Card is the Best for Travel Rewards
The registration bonus you earn is 60,000 bonus points if you spend $ 4,000 on purchases within the first three months of opening your account.
You can also earn rewards with a credit card purchase. Earn two points for every dollar you spend on trips and meals. All other purchases generate one point per dollar. All your prizes, including the signup bonus, will be 25% greater if you redeem through Chase’s online tool, Chase Ultimate Rewards. For example, your Signup bonus costs $ 750.
However, the $ 95 annual fee will not be canceled in the first year.
Minimum Credit Required: Excellent
Annual Fee: $95
Intro APR: None offered
Ongoing APR: 18.24% to 25.24% variable
Balance Transfer Fee: $5 or 5% of the transfer amount
Cash Advance Fee: $10 or 5% of the cash advance
Foreign Purchase Transaction Fee: None
The Signing up Bonus is charged at $60,000 bonus points after spending $4,000 on purchases in the first three months.
Capital One Quicksilver Card has the Best Promotional Rate
If you plan to make a large purchase overseas and want to repay it without interest and without foreign transaction fees, you will enjoy Capital One Quicksilver Card. Offer an introductory rate of 0% for purchases and transfers within the first 15 months after opening your account.
You can get a one-time signup bonus of $ 150 if you spend $ 500 on purchases in the first three months of opening your account. You will now receive an unlimited amount of 1.5% cash on all your purchases.
This card is also available with a 24-hour tour guide, road accident insurance, and additional guarantees.
Flat-rate rewards are not ideal for travelers who often benefit more from cards that pay higher rewards for Travel purchases.
Minimum Credit Required: Excellent
Annual Fee: None
Intro APR is charged at 0% on purchases and balance transfers for 15 months
Ongoing APR: 16.24% to 26.24% variable
Balance Transfer Fee is charged at 3% of the transfer amount for the first 15 months; None after the first 15 months.
Cash Advance Fee: $10 or 3% of the cash advance
Foreign Purchase Transaction Fee: None
The Signing up Bonus is charge at $150 cash bonus when you spend $500 in the first three months.
Capital One Savor Rewards Credit Card has the Best for Dining Rewards | The Best Foreign Transaction Fee Credit Cards
Start by getting a one-time cash bonus of $ 300 as soon as you spend $ 3,000 on purchases within three months of opening your account. You still get 4% cash without limits for restaurants and entertainment; 2% back at the grocery store; and 1.5% for all other purchases. In addition, you can get 8% of the ticket money from Vivid Seats in May 2020.
The Capital One Savor Rewards Credit card also offers several other benefits, including extended warranties, price protection, free concierge services, and a 24-hour travel guide.
Even though annual fees are canceled in the first year, second year and so on, you need to increase your spendings to break even on costs.
Minimum Credit Required: Excellent
Annual Fee: $95 waived in the first year
Intro APR: None offered
Ongoing APR: 16.74% to 25.74% variable
The Balance Transfer Fee is None for transfers made at the regular APR
Cash Advance Fee: $10 or 3% of the cash advance
Foreign Purchase Transaction Fee: None
The Signing up Bonus is charge at $300 after spending $3,000 on purchases in the first three months
Discover it Cash Back has the Best Cash Rewards | The Best Foreign Transaction Fee Credit Cards
Instead of a traditional Signup bonus, Discover lets you control your bonuses from the first year. At the end of its first year, Discover will combine all the cash back rewards received for a year – dollars for dollars.
When you talk about rewards, you get 5% cash from the first $ 1,500 you spend each month in the rotating category. Categories include things like gas stations, grocery stores, restaurants and so on. You must activate yourself to receive a 5% reward. All other purchases receive 1% of the cash back. You can redeem any cash prize in any amount at any time.
The quarterly rotation category is not perfect for someone who is not flexible in terms of expenses
Minimum Credit Required: Good
Annual Fee: None
Intro APR is charged at 0% for 14 months on balance transfers and purchase
Ongoing APR: 14.24% to 25.24% variable
Balance Transfer Fee: 3% of the amount transferred into your account by August 10, 2019; after that 5%
Cash Advance Fee: $10 or 5% of the cash advance
Foreign Purchase Transaction Fee: None
Signup bonus: None
The Platinum Card from American Express has the Best Premium Rewards The Best Foreign Transaction Fee Credit Cards |
The Platinum Card from American Express pays five big points for every dollar you spend directly on flights with airlines or American Express Travel. You will also get five points for every dollar spent on prepaid hotels booked on amextravel.com, and one point for every dollar spent on the other things.
In addition to the prizes you get, you will receive $200 yearly in Uber savings access to Centurion Lounge, a $200 airline fee credit, fee credit for TSA Precheck or Global Entry, travel insurance premiums and other facilities.
Balance cannot be transferred to a credit card. High annual fees mean that you have to breakeven on cost using your credit card.
Minimum Credit Required: Good
Annual Fee: $550
Intro APR: Not offered
Ongoing APR: N/A
Balance Transfer Fee: N/A
Cash Advance Fee: $10 or 5% of the cash advance
Foreign Purchase Transaction Fee: None
Welcome Offer: 60,000 Membership
Rewards after making $5,000 in purchases in the first three months
Southwest Rapid Rewards Premier Credit Card is the Best Airline Credit Card
With a Southwest Rapid Rewards Premier credit card, you can get 60,000 bonus points after spending $ 2,000 for purchases within the first three months of opening your account.
Every year, you receive 6,000-anniversary bonus points. Every year (depending on availability) four upgrades burdens are made. The points you earn are counted as a Companion Pass, so a friend can fly with you for a year free of charge.
You get two points for every dollar you spend on Southwest purchases and one point for every dollar you spend on other purchases.
Cards don’t have access to the airport. In addition, the reward is only beneficial if you often fly in the Southwest. Otherwise, cards with more flexible rewards will be better for you.
Minimum Credit Required: Good
Annual Fee: $99
Intro APR: None offered
Ongoing APR: 18.24% to 25.24% variable
Balance Transfer Fee: $5 or 5% of the transfer amount
Cash Advance Fee: $10 or 5% of the cash advance
Foreign Purchase Transaction Fee: None
Signup bonus: 60,000 points after you spend $2,000 on purchases in the first year
Best for Poor Credit: Capital One Secured MasterCard
Most reward credit cards and no foreign transaction fee credit card require good credit. But don’t worry. There is no credit card option with foreign transaction fees if you don’t have the best credit.
With Capital One Secured MasterCard, you must provide a guarantee of your credit limit. For secured credit cards, the credit limit is usually equal to a security deposit. Capital One offers you the option to qualify for a $ 49 or $ 99 for a minimum credit limit of $ 200, depending on your credit rating. If you do not meet the requirements, you can start with a $ 200 security deposit and credit limit.
This card has a high APR which makes carrying a balance very expensive. Full payment is best to avoid high financial costs.
Minimum Credit Required: Good
Annual Fee: None
Late Fee: Up to $39
Intro APR: None offered
Ongoing APR: 26.99% variable
Balance Transfer Fee: None
Cash Advance Fee: $10 or 3% of the cash advance
Foreign Purchase Transaction Fee: N/A
Signup bonus: None offered
Best Signup Bonus: Citi ThankYou Premier Card
Spend $ 4,000 to get 50,000 bonus points in the first three months of opening your account, which costs $ 625 in airfare when you book through the ThankYou Travel Center.
Make three Thanksgiving points for every dollar you spend on travel. two Thank you points for every dollar you spend on food and entertainment; and one ThankYou all other purchases.
The Rewards Program allows you to transfer points to other frequent flyer programs, but you can lose a few points if you switch to most airline programs.
Minimum Credit Required: Excellent
Annual Fee: $95 waived in the first year
Intro APR: 0% for 14 months on balance transfers and purchases
Ongoing APR: 16.74% to 25.74% variable
Balance Transfer Fee: $5 or 3% of the transfer amount
Cash Advance Fee: $10 or 5% of the cash advance
Foreign Purchase Transaction Fee: None
Signup bonus: 50,000 bonus points after spending $4,000 in the first three months
