Best Business Credit Cards with No Foreign Transaction Fees in 2024

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ByGrace Pilling
Edited byJonathan Ramos
ByGrace Pilling
Edited byJonathan Ramos

Updated: March 21, 2024

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In a world where international transactions are increasingly common, business credit cards with no foreign transaction fees have become essential for globally-minded entrepreneurs. The best business cards without foreign transaction fees eliminate the typical 3% to 5% foreign transaction fee and often come with added benefits such as travel rewards, expense tracking and other business-oriented features. These cards cater specifically to businesses that engage in international commerce, travel or deal with foreign clients and suppliers, offering significant cost savings and convenience for transactions made in foreign currencies or outside the U.S.

If your business crosses borders or deals with foreign suppliers and clients, this type of credit card could be your key to more streamlined and cost-effective financial management. Let's delve into the characteristics that make these cards an essential tool for the globally-minded business owner and how to find the one that fits your business's unique needs.

Best Business Credit Cards with No Foreign Transaction Fees

Business credit cards that exclude foreign transaction fees can make a considerable difference for your business. The following cards cater to the nuanced needs of the international entrepreneur, simplifying cross-border transactions and adding value in unexpected ways.

Why You Can Trust Our List


  • The Business Platinum Card® from American Express

    Top-tier business card with premium travel benefits


    • 1–5 Points per $1*Rewards Rate
    • 19.49% – 28.49% VariableAPR
    • $695Annual Fee
    • Good–ExcellentRecommended Credit

    The Business Platinum Card® from American Express is an excellent option for business owners seeking robust rewards and benefits. Its generous welcome offer makes for a powerful start, particularly for those with large initial expenditures, while tiered rewards on high-volume spending categories make each dollar spent a valuable investment. Beyond that, this card's statement credits are a cashback boon across diverse business essentials, enhancing operational efficiency and the card's overall worth. Plus, the travel perks are fantastic for frequent flyers, offering both luxury and peace of mind. While the Amex Platinum does come with a famously high annual fee, the rewards and benefits can easily justify the cost for high-spending businesses.

    Pros

    • Impressive welcome offer
    • Great rewards on business spending
    • Significant statement credits
    • Airport lounge access
    • Extensive travel protections and perks

    Cons

    • High annual fee
    • No intro APR offers
    • Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
    • 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
    • Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
    • Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required. See how you can unlock over $1,000 annually in credits on select purchases with the Business Platinum Card®, here.
    • $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to the Card.
    • $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card®.
    • The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
    • $695 Annual Fee.
    • Terms Apply.
    • See rates and fees
    The Business Platinum Card® from American Express
  • American Express® Business Gold Card

    A dynamic rewards card for high-spending business owners


    • 1–4 Points per $1Rewards Rate
    • 19.49% – 28.49% VariableAPR
    • $375Annual Fee
    • Good–ExcellentRecommended Credit

    The American Express® Business Gold Card is a gem for any business-savvy individual. Its generous initial rewards can quickly set you up for success, and its tailored rewards structure means you're earning more on your top spending areas. Plus, you're in for extra perks like savings on popular services every month. While it does come with a few intricacies in its reward system and some caps, once you get a hang of it, you'll find it's a valuable ally in managing your business expenses. And, let's not forget, you even get to pick its stylish look.

    Pros

    • Generous welcome points offer
    • Potentially high rewards
    • Dynamic bonus categories
    • Offers monthly credits on select services

    Cons

    • Comes with an annual fee
    • Complex reward system
    • High rewards has spending limit
    • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
    • Earn 4X Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.
    • Earn 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.
    • Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.
    • Get up to a $12.95** statement credit back each month after you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. **Up to $12.95 plus applicable taxes on one membership fee.
    • Your Card – Your Choice. Choose from Gold or Rose Gold.
    • *Terms Apply
    • See rates and fees
    American Express® Business Gold Card
  • Capital One Spark Miles for Business

    Best flat-rate rewards card for frequent travelers


    • 2X - 5x milesRewards Rate
    • 26.24% VariableAPR
    • $95 ($0 first year)Annual Fee
    • Good–ExcellentRecommended Credit

    The Capital One Spark Miles for Business is a highly rewarding card ideal for businesses with a diverse range of expenses, particularly those with frequent travel needs. It offers a substantial welcome bonus and a generous rate of return on spending, transforming business expenses into valuable travel rewards. The card shines with its unparalleled flexibility in redeeming rewards, accommodating multiple travel loyalty programs and providing unrestricted freedom in redemption. Useful business tools, like free employee cards and comprehensive financial summaries, make this card a strategic business asset, although it’s important to mind the above-average APR.

    Pros

    • Earn miles on every purchase
    • Flexible redemption options
    • Application credit for Global Entry/TSA PreCheck
    • Useful business tools and free employee cards
    • No foreign transaction fees

    Cons

    • Annual fee after first year
    • High regular APR
    • No intro APR offers

    Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account Unlimited 5X miles on hotels and rental cars booked through Capital One Travel Transfer your miles to 15+ travel loyalty programs Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services Fly through security with one statement credit for either the $85 TSA PreCheck® application fee or the $100 Global Entry application fee $0 intro annual fee for the first year; $95 after that Free employee cards which also earn unlimited 2X miles from their purchases

    Capital One Spark Miles for Business
  • Capital One Spark Cash Select for Excellent Credit

    A great no-annual-fee business card with 1.5% cash back


    • 1.5% — 5% Cash BackRewards Rate
    • 18.49% – 24.49% variableAPR
    • $0Annual Fee
    • ExcellentRecommended Credit

    This card is a great all-round business card, offering a decent flat rate for rewards, a sizable sign up bonus and the convenience of no additional fees for foreign transactions. If you're a small business owner looking for a no-annual-fee cash back card, this deserves a spot on your shortlist.

    Pros

    • Unlimited 1.5% cash back
    • 5% cash back on hotels and rental cars booked through Capital One Travel
    • Bonus cash back on travel booked through Capital One Travel
    • Generous sign up bonus
    • No annual fee
    • No foreign transaction fees
    • Free employee cards

    Cons

    • Flat-rate cash back could be higher
    • No intro APR offer
    • No options to redeem points for travel
    • Spend $6,000 in the first three months and earn a $750 intro bonus
    • 1.5% cash back on all purchases
    • 5% cash back on travel booked through Capital One Travel
    • No annual fee
    • No foreign transaction fees
    • Free employee cards
    • Tracking and monitoring of all cards
    • Business reporting options, like year-end itemized summaries for taxes and purchase records in multiple formats
    Capital One Spark Cash Select for Excellent Credit
  • Costco Anywhere Visa® Business Card by Citi

    An excellent no-annual-fee rewards card for Costco members


    • 1–4% Cash Back*Rewards Rate
    • 20.49% VariableAPR
    • $0Annual Fee
    • ExcellentRecommended Credit

    We recommend the Costco Anywhere Visa® Business Card by Citi for small businesses that are Costco members and are looking for a no-annual-fee card. Category-based spending lets you earn up to 4% cash back. You may redeem the cash back you earn at Costco Warehouses across the U.S. This card also comes with a competitive APR for purchases.

    Using this card when traveling outside of the U.S. makes sense as it does not charge any international transaction fees.

    Purchases you make using this card receive cover through extended warranty as well as damage and theft purchase protection.

    Cardholders may also use the Citi Entertainment and Citi Concierge services to good effect.

    Pros

    • Pay no annual fees
    • Pay no foreign transaction fees
    • Earn 4% cash back on all gas purchases globally for up to $7,000 in spending per year, and 1% thereafter
    • Earn 3% cash back when spending at restaurants and on eligible travel purchases globally
    • Earn 2% cash back on all non-gas related purchases at Costco and Costco.com
    • Earn 1% cash back on all other purchases
    • Redeem cash back for cash or merchandise at Costco Warehouses across the U.S. and Puerto Rico
    • Competitive APR for purchases
    • Fraud early warning to safeguard your account
    • Extended warranty and damage and theft purchase protection to safeguard your purchases
    • Access to presale tickets and special events via Citi Entertainment
    • 24/7 access to Citi Concierge

    Cons

    • Need to be a Costco member to apply
    • Cash back provided as an annual credit card reward certificate at the close of the February billing cycle
    • Penalty APR applies in cases of returned and late payments
    • Cash advance fee
    • No complimentary travel coverage
    • Discover the only business credit card designed exclusively for Costco members
    • 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
    • 3% cash back on restaurants and eligible travel purchases
    • 2% cash back on all other purchases from Costco and Costco.com
    • 1% cash back on all other purchases
    • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
    • Whether you're traveling for business or pleasure, enjoy no foreign transaction fees on purchases
    • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
    Costco Anywhere Visa® Business Card by Citi
  • Ink Business Preferred® Credit Card

    Great for big welcome offer and ongoing rewards


    • 1–3 Points per $1Rewards Rate
    • 21.24% – 26.24% VariableAPR
    • $95Annual Fee
    • Good–ExcellentRecommended Credit

    The Ink Business Preferred® Credit Card is a robust ally for businesses, offering an impressive welcome offer that sets the tone for its value-driven features. With a rewards structure that generously caters to travel and specific business expenses, the card helps turn everyday spending into tangible benefits. Its suite of travel protections brings confidence to frequent travelers, and the modest annual fee is easily justified by the multitude of perks, including free employee cards. In short, it’s an astutely designed card that recognizes and rewards modern business dynamics.

    Pros

    • Impressive welcome offer
    • High rewards cap
    • Boosted rewards redemption through Chase
    • Travel protections
    • Free employee cards

    Cons

    • With annual fee
    • No introductory APR offer
    • Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Travel℠
    • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
    • Round-the-clock monitoring for unusual credit card purchases
    • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
    • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
    • Points are worth 25% more when you redeem for travel through Chase Travel℠
    • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
    • Member FDIC
    Ink Business Preferred® Credit Card
  • Capital One Spark Cash Plus

    Generous flat-rate cash back on business expenses


    • 2% Cash BackRewards Rate
    • None (charge card)APR
    • $150Annual Fee
    • ExcellentRecommended Credit

    The Capital One Spark Cash Plus Credit Card is a compelling option for business owners due to its robust reward structure. Notably, it provides an above-average cash back rate, bolstered by additional rewards on travel purchases, creating the potential for substantial savings. A generous welcome bonus adds to the allure, although it comes with a high spending requirement. The card's annual fee is waived for high spenders, and it offers a suite of business tools designed to streamline expense management.

    Pros

    • High flat-rate cash back on all spending
    • Bonus cash back on select travel purchases
    • Generous one-time cash bonus
    • Comprehensive suite of business tools
    • No foreign transaction fees

    Cons

    • No option to carry a balance
    • Annual fee with lower spending

    Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile Get your $150 annual fee refunded every year you spend at least $150,000 Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel Add employee cards for free, and earn unlimited 2% cash back from their purchases $150 annual fee Spark Cash Plus has no APR because your balance is due in full every month

    Capital One Spark Cash Plus
  • Marriott Bonvoy Business® American Express® Card

    Great for hotel rewards and perks for business spending


    • 2–6 Points per $1*Rewards Rate
    • 20.99% – 29.99% VariableAPR
    • $125Annual Fee
    • Good–ExcellentRecommended Credit

    The Marriott Bonvoy Business® American Express® Card is a robust and savvy choice for small business owners who frequently travel, particularly for those loyal to Marriott Bonvoy hotels. Its rewarding points system aligns seamlessly with everyday business expenditures, plus the generous welcome bonus is a major kick-start. The card's benefits, including free night awards and Gold Elite Status, offer significant value and can easily offset the annual fee while potentially transforming every business trip into a VIP experience. Furthermore, making travel purchases on this card provides a safety net of various travel insurance protections, adding peace of mind to each journey.

    Pros

    • Earn free night awards
    • Significant hotel perks, including Gold Elite status
    • Generous welcome offer
    • No foreign transaction fees

    Cons

    • Annual fee
    • Modest travel benefits
    • No intro APR offers
    • Limited Time Offer: Earn 5 Free Night Awards, valued at up to 50K points each for eligible stays. Offer ends 7/10. Resort fees & terms apply.
    • Receive a 7% discount on eligible bookings as a benefit of being both a Marriott Bonvoy® member & a Marriott Bonvoy Business® American Express® Card Member when you book directly with Marriott through an eligible channel for a participating property under the Amex Business Card Rate.
    • 6x Marriott Bonvoy points on each dollar of eligible purchases at hotels participating in the Marriott Bonvoy® program.
    • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
    • 2x points on all other eligible purchases.
    • Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Award can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
    • Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Marriott Bonvoy Business® American Express® Card.
    • Terms apply.
    • See Rates and Fees
    Marriott Bonvoy Business® American Express® Card
  • The Hilton Honors American Express Business Card

    Great for earning Hilton Honors points


    • 3–12 Points per $1*Rewards Rate
    • 20.99% – 29.99% VariableAPR
    • $195Annual Fee
    • Good–ExcellentRecommended Credit

    The Hilton Honors American Express Business Card is a powerful tool for businesses, particularly those with frequent travel or dining needs. Its standout benefits are the generous welcome offer and robust hotel perks, which include status upgrades and free nights. Its diverse earning categories make accumulating points easy and rewarding, and no foreign transaction fees make it a great companion for international travel. While the value of Hilton Honors points might be lower than some competitors, the card's high earning rates can offset this if they align with your typical business spending. Lastly, its annual fee is modest and can easily be justified considering the rich rewards and perks, delivering both practical value and a touch of luxury for your business.

    Pros

    • Attainable welcome offer
    • Hotel perks, including status and free nights
    • Variety of earning categories
    • No foreign transaction fees

    Cons

    • Hilton points have a lower value than competitors
    • Modest annual fee
    • Welcome Offer: Earn 130,000 Hilton Honors Bonus Points after you spend $6,000 in purchases on the Hilton Honors Business Card within the first six months of Card Membership.
    • Earn 12X Hilton Honors Bonus Points on eligible Hilton purchases.
    • Earn 5X Hilton Honors Bonus Points on other purchases made using the Hilton Honors Business Card on the first $100,000 in purchases each calendar year, 3X points thereafter.
    • Enjoy up to $240 back each year for eligible purchases made directly with Hilton.
    • Enjoy complimentary Hilton Honors™ Gold Status with your Hilton Honors Business Card. With Hilton Honors Gold status, you can enjoy benefits at hotels and resorts within the Hilton Portfolio. As a Gold member, earn an 80% Bonus on all Base Points you earn on every stay getting you to free nights faster.
    • You may receive an upgrade to Hilton Honors Diamond status through the end of the calendar year if the total eligible purchases on your Card Account during a calendar year reach $40,000 or more.
    • Enjoy complimentary National Car Rental® Emerald Club Executive® status. Enrollment in the complimentary Emerald Club® program is required. Terms apply.
    • Terms apply.
    • See rates and fees
    The Hilton Honors American Express Business Card
  • United℠ Business Card

    Solid travel card for United fans


    • 1–2 Miles per $1*Rewards Rate
    • 21.99% – 28.99% VariableAPR
    • $0 introductory annual fee for the first year, then $99.Annual Fee
    • Good–ExcellentRecommended Credit

    The United℠ Business Card is tailored to the needs of frequent travelers and business professionals, offering a substantial welcome bonus, reward miles on United Airlines purchases and rich travel perks and protections. While it comes with comprehensive travel conveniences, potential cardholders must weigh these with the card's annual fee and lack of introductory APR offers. Ideal for those aiming to maximize travel benefits, this card can be a strategic choice for enhancing comfort and affordability while traveling.

    Pros

    • Generous bonus miles offer
    • Bonus miles during card anniversary
    • 2x miles on diverse categories
    • With travel perks

    Cons

    • High variable APR
    • Travel-focused benefits only
    • Earn 75,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open.
    • $0 introductory annual fee for the first year, then $99.
    • Receive a 5,000-mile "better together" bonus each anniversary when you have both the United℠ Business Card and a personal Chase United® credit card.
    • Earn 2 miles per $1 spent on United® purchases, dining including eligible delivery services, at gas stations, office supply stores, and on local transit and commuting.
    • Earn 1 mile per $1 spent on all other purchases. Plus, employee cards at no additional cost - miles earned from their purchases accrue in your account so you can earn rewards faster.
    • Enjoy a free first checked bag - a savings of up to $140 per roundtrip (terms apply), 2 United ClubSM one-time passes per year, and priority boarding privileges.
    • $100 United® travel credit after 7 United flight purchases of $100 or more each anniversary year.
    • Member FDIC
    • Regular APR between 21.99% and 28.99% (variable)
    United℠ Business Card
  • Delta SkyMiles® Platinum Business American Express Card

    A great card for frequent business travelers who want to enjoy Delta travel perks and pursue elite traveler status


    • 1–3 Miles per $1Rewards Rate
    • 20.99%–29.99% VariableAPR
    • $350Annual Fee
    • Good–ExcellentRecommended Credit

    If you're a frequent Delta flyer or business owner looking for premium travel perks, the Delta SkyMiles® Platinum Business American Express Card could be a game-changer for you. The card's welcome offer alone is a head-turner and can easily cover a round-trip flight. The annual fee is offset by value-added features like annual companion tickets and discounted lounge access. Plus, it's versatile in earning miles on both everyday and large business expenses.

    Pros

    • High rewards potential
    • Generous welcome offer
    • Offers savings on Delta flights
    • With annual companion benefit

    Cons

    • Includes an annual fee
    • Requires good to excellent credit
    • High rewards are limited to Delta and hotels
    • Limited Time Offer: Earn 95,000 Bonus Miles after spending $8,000 in purchases on your new Card in your first 6 months of Card Membership. Offer Ends 7/17.

    • Enjoy a Companion Certificate each year after renewal of your Delta SkyMiles® Platinum Business American Express Card. The Companion Ticket requires payment of government-imposed taxes and fees of no more than $80 for roundtrip domestic flights and no more than $250 for roundtrip international flights (both for itineraries with up to four flight segments). Baggage charges and other restrictions apply. See terms and conditions for details.

    • Earn 1.5X miles* on eligible transit and U.S. shipping purchases, plus single eligible purchases of $5,000 or more. Terms and miles cap apply. *If your purchase qualifies for a category that has a higher mileage accelerator, only the higher accelerator will apply.

    • Get closer to elevated Status next Medallion® Year with MQD Headstart and MQD Boost: receive $2,500 Medallion Qualification Dollars each Medallion Qualification Year and earn $1 MQD for each $20 of purchases with your Delta SkyMiles® Platinum Business American Express Card.

    • Delta SkyMiles® Platinum Business American Express Card Members save 15% when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.

    • With the $120 Resy Credit, earn up to $10 per month in statement credits on eligible Resy purchases using your enrolled Card.

    • Earn up to $10 back each month after using your enrolled Delta SkyMiles® Platinum Business American Express Card for U.S. rideshare purchases with select providers.

    • Not a Medallion Member? Card Members with an eligible ticket will be added to the Complimentary Upgrade list, after Delta SkyMiles Medallion Members and Reserve Card Members.

    • Receive Zone 5 Priority Boarding on Delta flights; board early, stow your carry-on bag and settle in sooner.

    • Elevate your travel experience with an annual statement credit of up to $200 after using your Delta SkyMiles® Platinum Business American Express Card to book prepaid hotels or vacation rentals through Delta Stays on delta.com.

    • Terms and limitations apply.

    • See rates and fees

    Delta SkyMiles® Platinum Business American Express Card
  • World of Hyatt Business Credit Card

    Lucrative rewards for World of Hyatt members


    • 1–9 PointsRewards Rate
    • 21.49% – 28.49% VariableAPR
    • $199Annual Fee
    • Good–ExcellentRecommended Credit

    The World of Hyatt Business Credit Card is a powerhouse for Hyatt loyalists, offering rich rewards on spending, with exceptionally high returns on Hyatt hotel purchases. It caters to domestic and international spenders, with no foreign transaction fees and a host of travel protections, making it a reliable companion on your journeys. Additionally, this card offers opportunities for free nights and status accelerations within the World of Hyatt program. However, its value may be less compelling for infrequent travelers or those seeking broader hotel options or airport lounge access.

    Pros

    • Ideal for Hyatt loyalists
    • Lucrative rewards structure
    • Range of travel protections
    • No foreign transaction fees

    Cons

    • No airport lounge access
    • Value limited to Hyatt properties
    • Annual fee
    • Earn 60,000 Bonus Points after you spend $5,000 on purchases in your first 3 months from account opening
    • Earn 9X points total per $1 spent at Hyatt - 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 from Hyatt as a World of Hyatt member
    • Earn 2 Bonus Points per $1 spent in your top three spend categories each quarter through 12/31/24, then your top two categories each quarter.
    • Earn 2 Bonus Points per $1 spent on fitness club and gym memberships
    • Earn 1 Bonus Point per $1 spent on all other purchases.
    • Up to $100 in Hyatt statement credits — spend $50 or more at any Hyatt property and earn $50 statement credits up to two times each anniversary year.
    • 5 Tier-Qualifying night credits toward status and Milestone rewards for every $10,000 you spend in a calendar year.
    • World of Hyatt Discoverist status for as long as your account is open. Plus, Discoverist status to up to five employees
    • Member FDIC
    World of Hyatt Business Credit Card
  • Delta SkyMiles® Gold Business American Express Card

    Great rewards for Delta loyalists


    • 1–2 Miles per $1Rewards Rate
    • 20.99% – 29.99% VariableAPR
    • $0 introductory annual fee for the first year, then $150Annual Fee
    • Good–ExcellentRecommended Credit

    The Delta SkyMiles® Gold Business American Express Card offers significant value for frequent travelers, particularly those loyal to Delta. Right off the bat, there's an enticing welcome bonus, ensuring you start on a high note. You'll also benefit from notable discounts and unique perks on Delta flights. If international travel is on the cards, rest easy knowing you won't be hit with foreign transaction fees. Plus, the waived annual fee for the inaugural year is a pleasant touch. While rewards can be intricate and come with caps, the card's overall benefits and potential savings are hard to overlook.

    Pros

    • With welcome bonus offer
    • Get discounts and perks from Delta
    • No foreign transaction fees
    • No annual fee for first year

    Cons

    • Rewards have caps and categories
    • With annual fee after first year
    • Rewards can be complicated
    • Limited Time Offer: Earn 75,000 Bonus Miles after spending $6,000 in purchases on your new Card in your first 6 months of Card Membership. Offer Ends 7/17.
    • $0 introductory annual fee for the first year, then $150
    • Card Members save 15% when booking Award Travel with miles on Delta flights when using delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
    • Additionally, you can receive a $200 Delta Flight Credit to use toward future travel after you spend $10,000 in purchases in a year.
    • Earn 2 miles per dollar spent on purchases at U.S. Shipping providers and at U.S. providers for Advertising in select media on up to $50,000 of eligible purchases per category, per year.
    • Earn 2 Miles on every dollar spent on eligible purchases made directly with Delta and on every eligible dollar spent at restaurants.
    • Earn 1 Mile on every eligible dollar spent on other purchases.
    • Check and stow your bag with ease: First Checked Bag Free on Delta Flights + Zone 5 Priority Boarding.
    • Elevate your travel experience with an annual statement credit of up to $150 after using your Delta Gold Business American Express Card to book prepaid hotels or vacation rentals through Delta Stays on delta.com.
    • Receive a 20% savings in the form of a statement credit on eligible Delta in-flight purchases after using your Card.
    • Pay no foreign transaction fees when you travel overseas.
    • Terms and limitations apply.
    • See rates and fees
    Delta SkyMiles® Gold Business American Express Card

What Is a Business Credit Card With No Foreign Transaction Fees?

These business credit cards eliminate the standard additional fees for transactions made in a foreign currency or outside the U.S and are a valuable tool for businesses engaging in international commerce or travel.

A typical business credit card charges a foreign transaction fee, often around 3%-5%, to cover currency conversion and other related costs. A business credit card with no foreign transaction fees waives this charge, directly translating into cost savings. By aligning with the specific needs of international business operations, this type of credit card minimizes unnecessary expenses. It can be a strategic financial tool for businesses that frequently interact with foreign markets.

Benefits of a Business Card with No Foreign Transaction Fees

    cashCard icon

    Cost Savings

    While no foreign transaction fees translate to savings on international purchases, it's crucial to remember that these savings might not be substantial if your business doesn't engage in international transactions frequently. Therefore, businesses with regular international dealings will gain the most from this feature. Also, compare these savings with potential costs like higher interest rates or annual fees to get a comprehensive cost understanding.

    creditCard2 icon

    Convenience

    A significant advantage of a no-foreign-transaction-fee card is the ease of making purchases abroad without worrying about additional charges. To put it in context, imagine needing to make an emergency purchase while on a business trip abroad — this card protects you from unexpected fees. However, bear in mind that not all foreign vendors accept all types of credit cards, which could potentially limit convenience.

    business icon

    Business Features

    While many business credit cards, not just those with no foreign transaction fees, offer perks like expense tracking and rewards for common business purchases, it's how these features interact with the no foreign transaction fee feature that can give you a unique edge. For instance, a reward system that offers extra points for international spending can double your benefits — saving on fees while earning rewards.

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    Travel Rewards

    Many of these cards offer travel-related rewards for businesses, which sync well with the absence of foreign transaction fees for companies operating internationally. However, these rewards often come with specific usage criteria, so make sure to understand the terms. If your business involves little travel, consider cards offering rewards more aligned with your spending patterns, like cashback on office supplies or utilities.

Who Should Get a Business Card Without Foreign Transaction Fees?

Deciding whether a business credit card with no foreign transaction fees is right for your company isn't a one-size-fits-all choice. It involves understanding the nuanced dynamics of your specific business operations, international dealings, financial goals and even the roles of individuals within your organization. Below, we delve into the diverse scenarios and factors that can help you determine if this financial tool aligns with your business's needs or if other options might be more suitable.

Who Should Consider Applying

  • International Business Owners: The fee savings can be considerable if your business regularly deals with international clients or suppliers. This includes large corporations and small and medium enterprises sourcing materials or selling products globally.
  • Frequent Business Travelers: Those who travel abroad for business regularly can save on foreign fees and often leverage travel rewards. From executives to sales representatives — anyone who often finds themselves overseas for work can benefit.
  • Businesses with Indirect International Interactions: You might still benefit even if your business doesn't directly engage with foreign clients or suppliers. The lack of foreign transaction fees can still be advantageous if you work through intermediaries importing goods or utilizing international services.
  • International Employers: Different industries and roles within a company might find this feature appealing. For example, a marketing firm that hires foreign freelancers or an IT company that buys software licenses abroad.
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BE AWARE OF HIDDEN COSTS

While the absence of foreign transaction fees can lead to savings, it's essential to assess the overall cost structure of the card. Some cards may compensate for this benefit with higher annual fees, interest rates or other hidden charges.

Who Should Consider Other Cards

  • Domestic-Only Business Owners: If your business dealings are strictly within your home country, the main benefit of no foreign transaction fees may not apply. However, don't overlook other card perks that align with your business needs, such as cashback or specific rewards.
  • Infrequent Travelers: If foreign transactions are rare in your business model, this feature might not be as beneficial, and other card types focusing on lower interest rates or domestic rewards might be more suitable.

How to Make the Most of No Foreign Transaction Fees

Optimizing a business credit card with no foreign transaction fees goes beyond merely enjoying the absence of additional charges on international purchases. Whether you frequently engage with international suppliers or travel abroad for business, understanding how to leverage the various perks, monitor expenses and integrate the card into your financial management can lead to substantial savings and convenience.

Understand Your Needs

When selecting a business credit card with no foreign transaction fees, it's vital to fully understand the nature and scope of your international business dealings. Consider the following:

  • Frequency of Transactions: If your business regularly engages with foreign suppliers or clients, the savings from no foreign transaction fees can be substantial.
  • Types of Purchases: Analyze the regular purchases made abroad, such as equipment or services, to see how the card's benefits align with your spending habits.
  • Interest Rates and Credit Limits: Evaluate these aspects to ensure they match your business's cash flow and credit needs.
  • Integration with Financial Management Systems: Check if the card offers features that can integrate with your existing financial software for seamless tracking.

Leverage Other Perks

Many of these cards come with additional benefits. To truly optimize the use of your card, align these perks with your business activities:

  • Identify Relevant Rewards: Analyze which rewards align with your spending patterns, such as travel rewards for frequent international trips or cashback on specific purchases.
  • Understand the Interaction with No Foreign Transaction Fees: Evaluate how these perks complement the foreign transaction fee waiver. For instance, travel rewards offer even more value if you are frequently abroad for business.

An international sales company might leverage travel rewards to further reduce the costs of flights and accommodations, on top of the savings from no foreign transaction fees.

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GET STRATEGIC WITH REWARDS

Utilize your no foreign transaction fee credit card strategically by aligning it with your specific international business activities. Consider the timing of payments, alignment with reward categories and even the combination of cards to maximize benefits. For instance, use the card primarily for foreign transactions that align with specific reward categories (such as travel or purchases from international vendors) to get the most value from your card's unique features.

Monitor Expenses

Monitoring expenses is vital to any business, but it becomes even more pertinent with international spending. Here's how you can optimize this process:

  • Use the Card's Tracking Features: Many cards offer tools that categorize expenses, aiding financial planning and budgeting. This feature is particularly useful in tracking and converting foreign transactions.
  • Align with Budgeting Goals: Regularly monitor your international spending against budgeting targets to avoid unnecessary costs.
  • Analyze Spending Patterns: Regularly review and analyze your spending patterns. This will help keep a close eye on your expenses and identify areas for additional savings or rewards optimization.

Alternatives to Consider

Choosing the right business credit card depends on your specific needs and situation. Consider the following scenarios to guide your decision:

Cash Back Business Cards: If your business spending is mainly within your home country, a card that offers a percentage back on business-related expenses could work better for you. For instance, comparing cards that provide cashback on fuel vs. office supplies can ensure you select one that aligns with your main spending categories.

Low-Interest Business Cards: If you often carry a balance from month to month, a card offering low or zero interest for an introductory period could provide financial relief. Consider interest rates that might increase after the introductory period and plan accordingly.

Cards with Specific Perks: Consider cards with specific perks, such as bonuses on office supplies, hotels or gas. By analyzing your spending patterns and aligning them with cards offering rewards in those areas, you can find an option tailored to your needs.

Next Steps

In today's globalized business environment, transactions across borders are routine, necessitating efficient financial management. Business credit cards with no foreign transaction fees offer a significant advantage, eliminating common additional charges on international purchases. These specialized cards are more than just cost-saving; they often include features like travel rewards, expense tracking and other benefits tailored to business needs.

FAQs About Business Credit Cards with No Foreign Transaction Fees

Will my business credit card with no foreign transaction fees be accepted worldwide?
What types of businesses would benefit most from a card with no foreign transaction fees?
Is the absence of foreign transaction fees a temporary promotion or a permanent feature?
How are currency conversion rates determined on no foreign transaction fee cards?
What other security features should I look for in a business credit card for international use?

About Grace Pilling


Grace Pilling headshot

Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.

Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.


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