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Foreign transaction fees are some of the most maddening charges associated with credit cards. They punish you, often to the tune of 3%, for spending your money outside the US. Whenever you travel abroad, you may be subject to foreign transaction fees. Luckily, plenty of the best credit cards don't charge pesky foreign transaction fees.
Below, you'll find some of our favorite rewards credit cards without foreign transaction fees, with an emphasis on travel rewards credit cards that offer bonus points and miles for airfare, hotels, and more.
Compare Credit Cards With No Foreign Transaction Fees
Best Credit Cards With No Foreign Transaction Fee
Chase Sapphire Preferred® Card - Product Name Only: Best travel card with an annual fee under $100 Chase Sapphire Reserve® - Product Name Only: Best premium travel card Discover it® Cash Back - Product Name Only: Best with no annual fee The Platinum Card® from American Express - Product Name Only: Best premium card with the most benefits United℠ Explorer Card - Product Name Only: One of the best major airline credit cards Citi® / AAdvantage® Platinum Select® World Elite Mastercard® - Product Name Only: One of the best major airline credit cards Delta SkyMiles® Gold American Express Card - Product Name Only: One of the best major airline credit cards Capital One Venture Rewards Credit Card - Product Name Only: Best card with the simplest reward structure
Methodology: How We Chose the Best Credit Cards With No Foreign Transaction Fees
Virtually all of the best travel rewards credit cards waive foreign transaction fees by this point, so for this guide, we focused on narrowing it down to the best options in a variety of categories. We drew heavily from our editors' expertise and the input of experts, as quoted in our guide to the best rewards credit cards, to come up with this list of the most popular categories of cards.
You'll find a top pick for cash back, a top pick for travel rewards (in two different budget categories), our top airline credit card options, and more.
You can learn more about how we rate credit cards at Insider.
Credit Card With No Foreign Transaction Fees Frequently Asked Questions
How do foreign transaction fees work?
When you're using a credit card that charges a foreign transaction fee and you make a purchase abroad, you'll be charged an extra fee, as a percentage of your purchase amount. The fee is generally 3% of your purchase, and it will be added to your monthly bill.
Your foreign transaction fee may be broken down into two parts: a fee charged by the payment network (as in Visa or Mastercard) and a fee charged by your credit card company.
Do foreign transaction fees apply online?
In addition to applying to purchases you make while traveling abroad, a foreign transaction fee could be charged when you purchase from a vendor that's based outside of your home country. If you're shopping with a retailer or travel company based abroad, your best bet is to pay with a credit card that doesn't charge foreign transaction fees just to be safe.
Should I pay in local currency or US dollars with my credit card when traveling?
Some merchants may offer the option to pay in local currency or your home currency when you use your credit card for a purchase. You should always pay in local currency because merchants can give a conversion rate much lower than the market exchange rate. Therefore, local currency rates will be closer to the actual market rate.
Plus, if you pay in US dollars, you'll typically be charged an additional fee (usually around 3%) from Dynamic Currency Conversion (DCC), which is an unaffiliated third-party service that converts transactions to your home currency.
Best Travel Card With an Annual Fee Under $100
One of the most popular and recommended travel rewards credit cards, the
Dining includes things like restaurants, bars, pubs, coffee shops, and more, while travel includes airfare, hotels, Airbnb, taxis, rideshare services like Uber, subways, and more. Right now, the
Best Premium Travel Card
You get a $300 travel statement credit each cardmember year to cover your first $300 of travel charges, and a higher earning rate of 5x total points on air travel and 10x total points on hotels and car rentals purchased through Chase Ultimate Rewards (after earning the $300 travel credit) and 3x points on other travel and dining (plus 10x points on Lyft rides through March 2025 and 1 point per dollar on everything else).
Reserve cardholders can now activate a complimentary two-year Lyft Pink All Access membership (value of $199 per year) for discount pricing, priority pickup, unlimited rides, and more. And with the card, you can access the new Chase Sapphire Terrace at Austin Airport (AUS).
As with the
Best With No Annual Fee
Discover has released the second quarter (April through June) of its cash-back calendar for 2023:
- Wholesale clubs
Best Premium Card With the Most Benefits
There's also an excellent welcome offer:
You'll also get up to a $200 annual airline incidental fee credit**, up to $200 in Uber credits (including Uber Eats)** each year ($15 each month, plus a bonus of $20 in December), access to more than 1,200 airport lounges around the world, complimentary hotel elite status with Hilton and Marriott**, and up to $100 in Saks Fifth Avenue credits per year**.
Major Airline Credit Cards
The best airline credit cards from the three major US airlines — American Airlines, Delta, and United — all come with similar perks, including variations of priority boarding, free checked bags, the opportunity to earn miles on everyday purchases, and more. Plus, these cards have no foreign transaction fees. The best option for you depends on where you live and which airlines you have access to.
- United Explorer Card Review
- Citi AAdvantage Platinum Select Card Review
- Gold Delta SkyMiles Amex Card Review
Best Card With the Simplest Rewards Structure
The card earns 2 miles per dollar on most purchases (along with 5 miles per dollar on hotels and car rentals booked through the Capital One Travel Portal) — 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.