Best Business Credit Cards for No Foreign Transaction Fees in 2022
The best business credit cards with no foreign transaction fees tend to provide rewards or cash back. While most of the top cards come with welcome offers, a few don’t.
Getting a no foreign transaction fee business credit card makes sense if you plan to use it outside of the U.S. or to make purchases from international vendors. Depending on the card you get, you might benefit by earning higher reward rates on category-based spending.
Several cards from this segment come with spend-based welcome offers. A couple of the top examples include the American Express Hilton Honors Business Card and the American Express Delta SkyMiles Platinum Business Card.
Very few of the top no foreign transaction fee business credit cards do away with annual fees. Other factors that need your attention when choosing a suitable card include APRs and additional benefits.
Top 5 Business Credit Cards with No Foreign Transaction Fees
Quick Summary
Rewards and cash back rates usually vary from one no foreign transaction fee business credit card to the next. This also holds true for welcome offers, and some cards from this category have no such offers in place. We’ve selected the top of the lot by accounting for these factors as well as others such as APRs, welcome offers and annual fees. You may check other good options further down the page.
American Express Hilton Honors Business Card
This business credit card is perfect for earning Hilton Honors points
Good-ExcellentCredit Needed
$95Annual Fee
3–12 Points per $1*Rewards Rate
12xRewards Rate at Hotels
6xRewards Rate on Gas
We love the American Express Hilton Honors Business Card not only because it offers a high reward rate for spending at Hilton properties, but for its reward rate that applies on other business-specific spending. It comes with a sizable welcome bonus too.
You get to earn 130,000 bonus points if you spend $2,000 on purchases in the first three months. An additional 50,000 bonus points come your way if you spend a total of $10,000 on purchases within the first six months.
Using this card at Hilton properties comes with 12x points. It offers 6x points for spending on wireless telephone service purchased directly from U.S. service providers, on flights booked with Amex Travel or directly with airlines, on car rentals booked directly through select companies, on U.S. purchases for shipping, at U.S. gas stations and at U.S. restaurants.
You qualify for a free reward night if you spend $15,000 on eligible purchases in a calendar year. If you spend $60,000 on eligible purchases in a calendar year, you earn a second free reward night.
All cardholders get complimentary Hilton Honors Gold status, which comes with added perks such as daily food & beverage credit (at U.S. hotels) or continental breakfast (at non-U.S. hotels) and availability-based room upgrades.
Your linked Priority Pass Select membership brings with it 10 complimentary airport lounge visits each year. Not having to pay foreign transaction fees may lead to savings when you travel overseas. Other travel benefits include complimentary baggage insurance plan and car rental loss and damage insurance.
Extended warranty and purchase protection are in place to safeguard your business purchases. You may choose to get additional employee cards, and you also get access to different expense management tools.
Pros
Ability to earn considerable bonus points
High reward rates across multiple categories
Complimentary Hilton Honors Gold status
Spend-based free night rewards
No foreign transaction fees
Additional employee cards
Dedicated account manager
Integration with QuickBooks and year-end expense summaries
Cons
Annual fee of $95
Reward nights are spending-based
Reward nights expire after one year of issuance
Cash advance fee
Penalty APR may apply in case of late and returned payments
Earn 130,000 bonus points if you spend $2,000 on purchases within six months from account opening.
Earn 50,000 more bonus points if you spend $10,000 on purchases within six months from account opening.
Spending at properties within the Hilton portfolio comes with 12x points.
You get 6x points at U.S. restaurants, at U.S. gas stations, on wireless telephone service purchased directly from U.S. service providers, on U.S. purchases for shipping, on car rentals booked directly through select companies and on flights that you book through Amex Travel or directly with airlines.
You earn 3x points on all other purchases.
Any additional employee cards you get earn reward points as well.
If you spend $15,000 on purchases in a calendar year, you earn a free night reward.
If you spend a total of $60,000 on purchases in a calendar year, you earn an additional free night reward.
By enrolling into the Priority Pass Select program, you get 10 complimentary airport lounge visits each year.
Safeguard your travels and purchases through car rental loss and damage insurance, baggage insurance plan, purchase protection and extended warranty.
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
We recommend the Capital One Spark Miles Card to businesses that want to earn unlimited cash back on their spending. You also get to earn a 50,000 miles early-spend bonus by spending $4,500 on purchases in the first three months.
Booking hotels and rental cars through Capital One Travel comes with 5x miles per dollar. All other purchases earn 2x miles per dollar.
Using this card outside of the U.S. is ideal as it charges no foreign transaction fees. Cardholders get two free visits to Capital One Lounges each year as well as credit toward Global Entry or TSA PreCheck fees.
There is no annual fee to pay for the first year, but you need to pay $95 per year thereafter. Employee cards come at no additional cost.
Pros
Flat-rate rewards of 2x bonus miles
No foreign transaction fees
New cardholder offers
Free employee cards
Flexible payments
Cons
No special reward categories
High regular and penalty APR
Limited travel partners for rewards redemption
Spend $4,500 in the first three months and earn 50,000 bonus miles
$0 intro annual fee for the first year, then $95 per year thereafter
2x unlimited miles per dollar
Employee cards
Set up automatic payments.
Zero fraud liability
Year-end itemized summaries for tax and budgeting purposes
Purchase records in multiple formats
Virtual card numbers for making safer payments online
Tracking and monitoring of all cards
Purchase alerts for all cards
Lock and unlock cards using mobile app or online banking
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
An excellent no-annual-fee rewards card for Costco members
ExcellentCredit Needed
$0Annual Fee
1–4% Cash Back*Rewards Rate
4xRewards Rate on Gas
3xRewards Rate on Dining
We recommend the Citi Costco Anywhere Visa Business Card 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
Get 2% cash back on all non-gas related purchases at Costco and Costco.com
Get 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
$0 annual fee
Competitive APR for purchases
4% cash back on spending of up to $7,000 per year on all gas purchases globally, and 1% thereafter
3% cash back on spending at restaurants and on eligible travel purchases worldwide
All purchases at Costco and Costco.com (other than gas) come with 2% cash back
Spending across all other categories gets you 1% cash back
Redeem earned cash back for merchandise or cash at any Costco warehouse in the U.S. and Puerto Rico
No foreign transaction fees
Complimentary extended warranty and damage and theft purchase protection
Complimentary access to Citi Concierge and Citi Entertainment
Fraud early warning in case of suspicious activity
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
American Express Delta SkyMiles Platinum Business Card
A great card for frequent business travelers who want to enjoy Delta travel perks and pursue elite status
Good-ExcellentCredit Needed
$250Annual Fee
1–3 Miles per $1Rewards Rate
3xRewards Rate on Air Travel
3xRewards Rate at Hotels
Pros
No foreign transaction fees
Status boost
Earn miles
Priority boarding
Free checked bag
Cons
High APR
High annual fee
Payment for lounge access
In-flight savings
Companion certificate
Global Entry or TSA Precheck
Trip delay insurance
Baggage insurance plan
Car rental loss and damage insurance
24/7 customer service
Extended warranty for covered purchases
Purchase protection against theft and accidental damage for up to 90 days from the date of purchase
Dispute resolution for fraudulent and incorrect charges
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
A great no-annual-fee business card with unlimited 1.5% cash back
Good-ExcellentCredit Needed
$0Annual Fee
1.5% Cash BackRewards Rate
1.5xRewards Rate on Gas
1.5xRewards Rate on Groceries
We recommend the Capital One Spark Cash Select Card to people who’re looking for an alternative that comes with 1.5% cash back on all your business purchases.
Using this card outside of the U.S. makes sense as it does not charge overseas transaction fees. Employee cards come at no extra cost. Getting to select your own due date is a plus.
Other benefits include $0 fraud liability, downloadable purchase records, year-end summaries, extended warranty and complimentary roadside assistance.
Pros
$0 annual fee
Flat cash back across all categories
No foreign transaction fees
Free employee cards
Cons
Penalty APR might apply if you make a late or returned payment
Cash advance fees
No annual fees
1.5% unlimited cash back on all purchases
No added fees for employee cards with customized spending limits
Ability to assign account managers
Purchase records made available in Quicken, QuickBooks and Excel
$0 fraud liability to safeguard against fraudulent transactions
Complimentary roadside assistance for all cardholders
Get additional protection on eligible purchases through extended warranty
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Summary of the Best Business Cards for No Foreign Transaction Fees
Check this no foreign transaction fee business card comparison table to find out how all the cards from this segment match up against each other based on factors such as who they're best suited for, reward rates, annual fees and the credit required to apply.
When making international purchases, always pay in the local currency. Your bank will provide a better foreign exchange rate than what the vendor is offering, adding to the savings you'll receive from your no foreign transaction fee card. -- Lee Huffman, credit card expert at BaldThoughts.com.
About Our Rankings
Each month, MoneyGeek experts go through our extensive database and select all new and existing cards that fit this segment. Their selection of the best business credit cards with no foreign transaction fees that follows accounts for parameters such as APRs, rewards/cash back rates, welcome offers, annual fees and added benefits.
How to Compare Business Credit Cards & Intro Offers
The best business cards with no foreign transaction fees vary in the features and benefits they offer. This requires that you pay attention to different factors when making a selection.
The rewards/miles/cash back rate you stand to earn depends on the card you get. For example, the Citi Costco Anywhere Visa Business Card lets you earn up to 4% cash back on category-based spending, and purchases that don’t fall under any of the bonus categories earn 1% cash back. The Amex Delta SkyMiles Platinum Business Card, on the other hand, offers up to 3 miles per dollar on bonus categories and 1.5 miles per dollar on all other purchases.
3
Welcome offer
A number of the top no foreign transaction fee business credit cards come with spend-based welcome offers. For instance, the Capital One Spark Miles Card lets you earn an early spend bonus of 50,000 miles by spending $4,500 on purchases within the first three months.
Pay particular attention to this aspect if you don’t plan to clear off your balances in full each month. Bear in mind that rewards/cash back cards tend to charge higher interest than cards that do not offer rewards/cash back.
6
Added perks
The annual fee you pay might have a bearing on the additional perks on offer. For example, the American Express Marriott Bonvoy Business Card with an annual fee of $125 comes with complimentary Marriott Bonvoy Silver Elite status, spend-based free night awards, elite night credits and premium internet access at participating Marriott Bonvoy properties. Some of the more common benefits/features come in the form of purchase protection, extended warranty, travel insurance coverage, free employee cards and various expense management tools.
Rajiv Baniwal has been writing about different financial topics for over 15 years. Meticulous in his research, he makes sure he provides accurate and up-to-date information. His areas of expertise include mortgages, personal loans, credit cards, insurance and international money transfers.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available. Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.
