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Best No Foreign Transaction Fee Credit Cards

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by Sam Lipscomb | Updated Jul. 2, 2020

Overview of the Best No Foreign Transaction Fee Credit Cards

If you’re planning a trip out of the country it’s important to be aware of foreign transaction fees. Most U.S credit card companies will charge a fee every time you use your card abroad. The fee is generally around 3% of each transaction you make while out of the country. The good news is there are credit cards with no foreign transaction fees available. Whether you’re traveling for business or pleasure, using one of these cards can mean huge savings on spending abroad. Our experts have done the math on the top no foreign transaction fee credit cards to help you find one that fits your needs. See More



Best No Foreign Transaction Fee Credit Card for Travel

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  • Earn 50,000 points when you spend $4,000 on purchases in the first 3 months. When you redeem your points for travel through Chase that equals $750!
  • Receive a $300 travel credit each anniversary year to reimburse you for travel purchases charged to your card. After you earn your $300 travel credit, you will earn 3 points on travel purchases.
  • Earn 10 points on Lyft rides (7 points in addition to the 3 points you already earn on travel) through March 2022. When you dine at restaurants worldwide earn 3 points, and earn 1 point per dollar spent on everything else.
  • Points are worth 50% more when redeemed through Chase Ultimate Rewards for Travel. One to one point transfer to leading airline and hotel loyalty programs. There are no foreign transaction fees when traveling abroad
  • Receive complimentary Priority Pass™ Select Membership to 1,000+ airport lounges after an easy one-time enrollment
  • Receive an application fee credit of up to $100 for either Global Entry or TSA PreCheck®
  • Receive one year of complimentary Lyft Pink when you or your authorized user activates by 3/1/2022 with your card. This is a minimum of $199 value and includes benefits like 15% off car rides and priority airport pickups.
  • You and your authorized users will receive at least 12 months of complimentary DashPass from DoorDash when the subscription is activated with your card by 12/31/21. Plus, earn up to $120 in statement credits on qualifying DoorDash purchases - $60 through 2020 and another $60 through 2021.

Annual Fee

$550

Purchase Intro APR

N/A

Balance Transfer Intro APR

N/A

Regular APR

16.99% - 23.99% Variable

Details

The Chase Sapphire Reserve is our top pick among credit cards that boast no foreign transaction fees. Cardholders earn 3x points on travel purchases after earning a $300 annual travel credit, 3x points on dining purchases and 1x points on all other purchases.

If you spend your points on travel using the Chase travel portal, you’ll receive a 50% bonus on each point. You can also earn a 50,000-point early spending bonus for using your card for $4,000 in purchases over your first 3 months.

The Chase Sapphire Reserve has a $550 annual fee, which is largely offset if you claim the card’s $300 annual travel credit. You’ll also get up to $100 in statement credits for Global Entry or TSA PreCheck® every four years. Additionally, you’ll receive $60 in DoorDash credits each year for the next two years (through 2021).

The card also now gives users a free Lyft Pink membership for a year, which is a $199 minimum value. You’ll also earn 10x total points on Lyft purchases through March 2022.

Why We Like It

If you’re looking for a card that doesn’t charge foreign transaction fees, you’re likely someone who’s on the road and out of the country quite a bit. Not only does the Chase Sapphire Reserve charge no foreign transaction fees, it’s also one of the best travel cards on the market. You can earn a great signup bonus when you get the card, as well as 3x points on travel and dining so you can continue racking up points. One attractive feature of the card is its built-in travel and purchase protections, which can help save you money if things go awry.

One major perk of the Chase Sapphire Reserve is the versatility of how you can redeem points. You can convert them into cash back or even use them through Chase’s own travel portal, which gives you a 50% bonus on each point. You also have the option to transfer points to a variety of hotel and airline partners. All of this makes the Chase Sapphire Reserve a great card for travelers looking to avoid foreign transaction fees.

Compare Other Travel Offers

Best No Foreign Transaction Fee Credit Card for All Around Rewards

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  • Earn a 35,000 point welcome bonus after spending $4,000 in the first three months of card membership
  • Earn 4x points at supermarkets in the U.S. (on up to $25,000/year in purchases, then 1x). Earn unlimited 4x points at restaurants worldwide, plus 3x points on flights booked directly with airlines or on amextravel.com and 1x points on all other purchases
  • Receive up to $100 per year in airline fee statement credits on one airline that you select to cover incidental fees like checked bags and refreshments on your flight
  • On eligible charges of $100+, you can choose to carry a balance with interest
  • There are no foreign transaction fees
  • $250 annual fee
  • Terms Apply

Annual Fee

$250

Purchase Intro APR

N/A

Balance Transfer Intro APR

N/A

Regular APR

See Rates and Fees

Details

The American Express Gold Card is a close second in our roundup of the best credit cards with no foreign transaction fees. With the Gold Card, you’ll earn 4x points on up to $25,000 in annual purchases at U.S. supermarkets, after which you will receive 1x points. You’ll also receive unlimited 4x points at restaurants worldwide, 3x points on flights booked directly with airlines or on amextravel.com and 1x points on all other purchases. You can earn a 35,000-point welcome bonus after spending $4,000 in the first three months of card membership.

The Gold Card has a $250 annual fee and charges no foreign transaction fees. You can partially offset the annual fee by taking advantage of the card’s $100 annual airline fee credit. This credit covers incidental fees for one airline of your choosing each year. You can also receive a $10 monthly statement credit when you dine at certain restaurants or through Seamless, Grubhub or a handful of other vendors.

Why We Like It

Like the Chase Sapphire Reserve, the American Express Gold Card earns solid transferable points and has good bonus categories. While it also has a relatively high annual fee, taking advantage of all the card’s credits can reduce this fee down to just $30 annually. You can use the points you earn with your Gold Card to book travel directly through American Express, or you can transfer them out to a variety of hotel and airline loyalty programs.

The American Express Gold Card doesn’t have the same built-in travel and purchase protections as the Chase Sapphire Reserve, but it’s still a solid option for anyone who travels and dines out frequently. Note that Amex isn’t as widely accepted as Visa and Mastercard, so it’s good to also have a backup option in your wallet just in case.

Best No Foreign Transaction Fee Credit Card for Flat Rate Cash Back

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  • Earn a one-time early spend bonus of $150 when you spend $500 on purchases within the first 3 months of having an account
  • Earn unlimited 1.5% cash back - no matter the purchase
  • Categories don't change or rotate, rewards are automatic. There is no limit to the cash back you can earn and cash back won't expire as long as your account is in good standing
  • Low 0% intro APR on purchases for the first 15 months; receive 15.49% - 25.49% variable APR after that depending on creditworthiness
  • Receive 0% intro APR on balance transfers for the first 15 months; 3% fee will apply for transfers that post in this timeframe. An ongoing transfer APR of 15.49% - 25.49% variable will apply after that
  • There is no annual fee and there are no foreign transaction fees when traveling abroad

Annual Fee

$0

Purchase Intro APR

0% for 15 Months

Balance Transfer Intro APR

0% for 15 Months

Regular APR

15.49% - 25.49% Variable

Details

The Capital One® Quicksilver® Cash Rewards Credit Card is the most straightforward card on our list. The card has no annual fee and earns you unlimited 1.5% cash back on all purchases. You can also earn a $150 early spending bonus after spending $500 within your first 3 months of being a cardholder. You don’t have to wait to redeem your cash back and it stays with you as long as your account is open.

Why We Like It

Anyone looking for a simple, no-frill cash back credit card that doesn’t charge foreign transaction fees should take a serious look at the Capital One® Quicksilver® Cash Rewards Credit Card. With a simple earning structure and no annual fee, there isn’t much reason not to have this card in your wallet. While you won’t earn transferable points, this card is a great way to get a little money back on all of your day-to-day purchases at home and around the world.

Best No Foreign Transaction Fee Credit Card with No Annual Fee

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  • Earn a one-time bonus of 20,000 points when you spend $1,000 in eligible purchases in the first 3 months of card membership
  • No annual fee and no foreign currency conversion fees
  • Earn 3 points per dollar when you dine out or order in
  • Earn 3 points per dollar on travel purchases including car rentals, cruise lines, flights, hotels, homestays and more
  • Earn 3 points per dollar at gas stations, transit, and rideshare purchases
  • Earn 3 points per dollar on qualifying streaming services
  • Earn 1 point per dollar on all other qualifying purchases
  • Select "Learn More" to read more about the features of this card including terms and conditions

Annual Fee

$0

Purchase Intro APR

0% for 12 Months

Balance Transfer Intro APR

0% for 12 months (on qualifying balance transfers)

Regular APR

13.99% - 25.99% Variable

Details

With the Wells Fargo Propel American Express card, you’ll earn 3x points on travel (flights, hotels, homestays, rideshares, transit and car rentals), dining, gas stations and popular streaming services. A rate of 1x points will apply to all other purchases. The card has no annual fee, and there is a 20,000-point signup bonus if you spend $1,000 on purchases within the first 3 months of account opening.

Why We Like It

Given that cards with no foreign transaction fees are often best for those who frequently travel abroad, there’s no question why the Wells Fargo Propel American Express card is our pick for this category. Points are easy to earn and can be redeemed at a rate of one cent per point. With solid rewards rates and other major benefits, the Wells Fargo Propel American Express card is a great card to have in your wallet when you’re traveling in a different country.

Methodology SmartAsset has developed a quantitative and independent system for evaluating the relative value of a credit card offer versus other offers in the marketplace. Our system evaluates cards based exclusively on their features, such as their rewards earning rate (if applicable), fees, perks, and rewards program redemption options. The annual rewards values on this page are calculated using annual spending assumptions in various categories such as, but not limited to, gas, restaurants, airfare, and US supermarkets. These spending assumptions are built on research that SmartAsset has conducted on existing travel credit cardholders. Our promise with our credit card recommendations is that we will always strive to have the most comprehensive, accurate, and objective method of evaluating credit card offers. Any recommendations are solely determined by the result of this research and model, and is never influenced by any fees, commissions, or other forms of compensation that SmartAsset may receive from credit card issuers for leads generated on our website.

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