Best No Foreign Transaction Fee Credit Cards

Credit cards with no foreign transaction fees are fairly easy to find. However, not all work equally well for everyone. We’ve reviewed all the leading ones so that you can select one with ease.

Last Updated: 7/1/2022
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What's common among all no foreign transaction fee credit cards is that they charge no additional fees when you use them to make purchases outside of the U.S. Some charge an annual fee, while others do not. The best ones also offer various travel-specific benefits that make them even better for international use.

Foreign transaction fees require your particular attention if you plan to use your credit card outside of the country. Depending on the card you get, this is typically 3% of each international transaction. As a result, when traveling overseas, it’s best that you use a card with no foreign transaction fee.

Some of the best no foreign transaction fee credit cards come with sizable spending- and time-based introductory bonus offers. You might also be able to earn rewards/cash back.

We help you find a suitable no foreign transaction fee card through our selection of the best credit cards on the market as well as various tips.

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MoneyGeek’s Take: Top No Foreign Transaction Fee Credit Cards in 2022

The best international credit card without foreign transaction fees depends on which features, benefits, and rewards are most important to you. We have arrived at the best of the lot after accounting for factors such as the credit score you may need to have, annual fees, interest rates, rewards and added perks. Go through more recommendations lower down the page.

Summary of Top Cards

Best No Foreign Transaction Fee Credit Cards for July 2022

MoneyGeek experts have compared the leading no foreign transaction fees credit cards in the U.S. across parameters such as annual fees, interest rates, rewards and added benefits. If a seemingly great card comes with a possible drawback, we’re quick to highlight it.

Best Travel Reward Cards with No Foreign Transaction Fees

The best travel rewards cards with no foreign transaction fees are ones that come with multiple travel-specific perks, higher reward earn rates on travel-based spending and generous introductory bonus offers.


  • creditApproved icon

    FEATURED

    Capital One Venture
    A great rewards card that lets you earn unlimited miles

    • Good–ExcellentCredit Needed
    • 2 Miles per $1Rewards Rate
    • 17.24%–24.49%APR

  • American Express Hilton Honors Card
    A good travel rewards card for people who are casual guests at Hilton hotels and resorts

    • Good–ExcellentCredit Needed
    • 3–7 Points per $1*Rewards Rate
    • 15.74%–24.74%APR

  • American Express Delta SkyMiles Blue Card
    A great miles rewards card with no annual fees

    • ExcellentCredit Needed
    • 2 Miles per $1*Rewards Rate
    • 15.74%–24.74%APR

Best Cash Back Credit Cards with No Foreign Transaction Fees

The best cash back cards with no foreign transaction fees include ones that offer high flat cash back rates for all purchases and ones that offer even higher cash back rates on category-based spending. However, you need to account for the annual fee you’ll need to pay as well.


  • creditApproved icon

    FEATURED

    Capital One SavorOne Rewards
    A great no-annual-fee card that comes with rewards

    • Good–ExcellentCredit Needed
    • 3% Cash Back*Rewards Rate
    • 15.49%–25.49%APR

  • Capital One Quicksilver Rewards
    Best cash back rewards credit card for everyday spending

    • Good–ExcellentCredit Needed
    • 1.5% Cash BackRewards Rate
    • 15.49%–25.49%APR

Best Credit Cards for International Students & Study Abroad

The best credit cards for international students and study abroad come with no foreign transaction fees. Several top student credit cards offer cash back/rewards. You might also benefit by getting complimentary situation-based insurance coverage.


  • creditApproved icon

    FEATURED

    Deserve EDU Mastercard for Students
    Best student cash back card for limited credit history

    • None–PoorCredit Needed
    • 1% Cash BackRewards Rate
    • 18.74%APR

  • Capital One Journey Student Rewards
    Best student credit card with up to 1.25% cash back

    • Limited–FairCredit Needed
    • 1.25% Cash Back*Rewards Rate
    • 26.99%APR

Best Business Credit Cards Without Foreign Transaction Fees

The best business cards with no foreign transaction fees are typically ones that are geared for international travel by offering benefits such as access to airport lounges, priority boarding and travel insurance. Several such cards offer rewards/cash back as well.


  • creditApproved icon

    FEATURED

    Capital One Spark Miles
    Best flat-rate rewards card for frequent flyers

    • Good–ExcellentCredit Needed
    • 2 Miles per $1Rewards Rate
    • 20.99%APR

  • American Express Hilton Honors Business Card
    This business credit card is perfect for earning Hilton Honors points

    • Good–ExcellentCredit Needed
    • 3–12 Points per $1*Rewards Rate
    • 15.74%–24.74%APR

  • Citi Costco Anywhere Visa Business Card
    An excellent no-annual-fee rewards card for Costco members

    • ExcellentCredit Needed
    • 1–4% Cash Back*Rewards Rate
    • 15.24%APR

How We Rank No Foreign Transaction Fee Credit Cards

Our lists of the best credit cards are based on publicly available data from card issuers and other reputable sources like the Consumer Finance Protection Bureau. We review each card's fees, interest rates, rewards, benefits and more to assign a rating for each feature. These ratings are stack ranked and weighted for each card category to determine our top selections for each type of user. Because card details change regularly, we revisit our data each month to update our ratings, recommendations and other card information as needed. Learn more about our data collection and ranking process.

Top Rating Criteria for No Foreign Transaction Fee Credit Cards

lowInterestAPR
APR
rewards
Rewards Rate
annualFee
Annual Fee

Quick Tips for Comparing Cards with No Foreign Transaction Fees

Different aspects require your attention when comparing credit cards without foreign transaction fees.

  • Credit needed: People with good to excellent credit are able to choose from several no international fee credit cards. If you have fair credit, you still have a few options. Some student credit cards come with no foreign transaction fees. If you have poor credit, you may want to consider getting a secured credit card with no foreign transaction fees.
  • Annual fee: While it’s common for airline and hotel travel rewards cards to charge annual fees, you may still find a number of credit cards with no foreign transaction fees and no annual fees. If you plan to get a card with an annual fee, determine if the rewards you earn and the benefits you stand to enjoy will outweigh the cost of the card.
  • Interest rates: You’ll want to pay particular attention to the annual percentage rate (APR) that comes with a credit card if you plan to carry a balance from one billing cycle to the next.
  • Rewards/cash back: Many no foreign transaction fee cards offer rewards/cash back. While some cards offer flat earn rates across all spending, others offer higher earn rates on category-based spending. The latter might be beneficial if you spend more on any particular category such as travel, dining, gas or groceries.
  • Introductory offers: Introductory offers typically require you to spend at least a minimum amount within a given time frame to earn a bonus that may come in the form of points, cash back or miles. For example, a card might offer $250 as cash back if you spend $3,000 on purchases within the first three months.
  • Added benefits: People who plan to use their cards internationally may benefit by looking for travel-related benefits such as complimentary insurance coverage, priority boarding, airport lounge access and seat upgrades. Other benefits may come in the form of statement credits, extended warranty and $0 fraud liability.
Best No Foreign Transaction Fee Credit Cards Compared at a Glance

Compare the top credit cards with no international fees based on factors such as the specific type of card you’re after, annual fees and reward rates.

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MoneyGeek's Quick Guide to Understanding Foreign Transaction Fees

When you use a credit card issued in the U.S. outside of the country, you might need to pay a foreign transaction fee of around 3%. Cards that charge this fee apply it on every international transaction. As a result, if you plan to use a credit card outside of the U.S., it makes sense to travel with one that does not charge any foreign transaction fees.

Foreign transaction fees come as fixed percentages. This implies that no matter the size of your transaction, you’ll need to pay a fixed percentage of the transaction amount as fees.

How Do Foreign Transaction Fees Work?

Foreign transaction fees typically consist of two parts — network fees and issuing bank fees. Credit card networks charge the former, whereas a card’s issuer charges the latter. Cards with no foreign transaction fees are ones where issuers absorb the network fees. The foreign transaction fee that you see in your card’s Terms and Conditions under the Fees section includes both and is denoted as a percentage.

Foreign transaction fees are typically around 3%, but some card issuers may charge more or less. What this essentially means is that you’ll end up paying around $3 per $100 you spend on international transactions.

This fee might also apply if you make purchases through international websites that use foreign banks or institutions as payment processors.

Calculating Foreign Transaction Fee

Foreign purchase price x 0.03 = Fee amount
Foreign purchase price + Fee amount = Cost of foreign purchase

  • FN purchase in $
    +3% fee
  • $20
    $20.60
  • $50
    $51.50
  • $100
    $103
  • $500
    $515

Which Credit Card Issuers Charge Foreign Transaction Fees?

Most credit card providers charge foreign transaction fees with a few or more of their cards. Capital One is one bank that does not charge any fees when you use its credit cards for foreign currency transactions.

Card Issuer
Standard Foreign Transaction Fee
Cards without Foreign Transaction Fees

American Express

2.70%

American Express Business Gold Card, American Express Hilton Honors Card, American Express Delta SkyMiles Blue Card, American Express Delta SkyMiles Gold Business Card, American Express Delta SkyMiles Gold Card, American Express Marriott Bonvoy Brilliant Card, American Express Marriott Bonvoy Business Card, American Express Delta SkyMiles Reserve Business Card, American Express Delta SkyMiles Reserve Card, American Express Gold Card, Chase Marriott Bonvoy Boundless, American Express Business Platinum Card, American Express The Platinum Card

Barclaycard/Luxury Card

0%

Mastercard Gold Card, Mastercard Black Card, Mastercard Titanium Card

Chase

3%

Chase Sapphire Preferred credit card, Chase Sapphire Reserve, Southwest Rapid Rewards Priority Credit Card, Southwest Rapid Rewards Premier Credit Card, United Club Infinite Card, United Gateway Credit Card, United Quest Card, United Explorer Card, British Airways Visa Signature card, Aer Lingus Visa Signature card, Iberia Visa Signature card, Marriott Bonvoy Boundless credit card, Marriott Bonvoy Bold credit card, World of Hyatt Credit Card, IHG Rewards Club Premier Credit Card, Amazon Prime Rewards Visa Signature Card, World of Hyatt Business Credit Card, Ink Business Preferred credit card, United Business Card, Southwest Rapid Rewards Performance Business Credit Card

Citi

3%

Citi Costco Anywhere Visa Business Card, Citi Costco Anywhere Visa Card, Chase Sapphire Preferred, Citi Premier Card, Chase Southwest Rapid Rewards Performance Business, Chase Southwest Rapid Rewards Plus, Chase Southwest Rapid Rewards Premier, Chase Southwest Rapid Rewards Premier Business, Chase United Business, Chase United Club Infinite, Chase United Explorer, Chase United Gateway, Chase IHG Rewards Club Premier, Citi AAdvantage Executive World Elite Mastercard, Citi AAdvantage Platinum Select World Elite Mastercard, Citi CitiBusiness AAdvantage Platinum Select Mastercard

Capital One

0%

Capital One Journey Student Rewards, Capital One Platinum Credit Card, Capital One Quicksilver Rewards, Capital One QuicksilverOne Rewards, Capital One SavorOne Rewards, Capital One Secured Mastercard, Capital One Spark Cash, Capital One Spark Cash Select, Capital One Spark Miles, Capital One Venture, Capital One VentureOne Reward

U.S. Bank

2% - 3%

U.S. Bank Altitude Go Visa Signature Card, U.S. Bank Altitude Connect Visa Signature Card, U.S. Bank Altitude Reserve Visa Infinite Card, U.S. Bank FlexPerks Gold American Express Car

Wells Fargo

3%

Hotels.com Rewards Visa Credit Card

Who Should Consider a Card with No Foreign Transaction Fees?

Credit cards with no foreign transaction fees may come in handy under different scenarios:

  • Studying abroad: American students who plan to study in other countries may benefit by using such cards. A number of student credit cards come with rewards/cash back too.
  • Vacationing internationally: Getting a travel rewards credit card with no foreign transaction fees is the way to go if you vacation outside of the U.S. frequently.
  • Shopping from international websites: You might end up paying foreign transaction fees without leaving the country if you shop through websites based outside of the U.S. In this case, using a card with no foreign transaction fees might be in your best interest.
  • Doing business globally: If you or your employees need to travel internationally for business purposes, getting a business credit card without foreign transaction fees may lead to noticeable savings, all the more so if it comes with rewards/cash back.

How to Prepare for Foreign Travel

Traveling overseas requires paying attention to different factors, one of which includes how you plan to use your money. Fortunately, following a few simple measures can help minimize the possibility of things going wrong while you’re away.

  • Inform your card provider: Your card provider might decline an out-of-the-blue international transaction on account of it being possibly fraudulent. To ensure this does not happen, inform your card provider about your plan to use your card outside of the country in advance.
  • Carry more than one card: Carrying more than one card when overseas is a good idea because there’s no telling when you might face declined transactions. Besides, carrying multiple cards gives you the ability to maximize your reward-earning potential through category-based spending. Remember that while cards from Visa and Mastercard find widespread acceptance outside of the U.S., the same is not the case with American Express and Discover cards.
  • Use no foreign transaction fee cards: Unless you want to pay around 3% of each international transaction as additional fees, using a no foreign transaction fee card is the way to go.
  • Check the protection your cards offer: Check which of your cards offer protection in the form of accident insurance, trip cancellation/interruption insurance, trip delay reimbursement, baggage delay coverage and lost baggage insurance. Remember that you might need to use the card in question to book your flight tickets to take advantage of these benefits.
  • Carry cash: Several merchants worldwide do not accept credit cards, all the more so in remote locations. In Europe, cash transactions still account for a significant percentage of all monetary transactions. According to a 2020 study carried out by the European Central Bank, cash payments accounted for 73% of the total volume of point-of-sale (POS) and peer-to-peer (P2P) transactions across 17 euro area countries in 2019.

Tips for Avoiding Foreign Transaction Fees

You may avoid paying foreign transaction fees by:

  • Using the right credit cards: These include ones that come without overseas transaction fees.
  • Paying in local currencies: When presented with the option of paying in the local currency or U.S. dollars, opt for the former. This is because local merchants and ATM operators that let you transact in U.S. dollars add built-in conversion fee markups that are typically higher than those charged by payment networks such as Visa and Mastercard.
  • Using traveler's checks: Traveler’s checks give you a secure way to take your money with you, and you might not have to pay any fees if you get them through your bank. However, not many merchants accept them anymore.
  • Exchanging currency before you leave: You might be able to get a better deal when buying foreign currency through your bank before leaving than at an airport, your hotel, or a currency exchange center in a foreign country.
  • Avoiding using ATMs: Using ATMs outside of the country tends to come with additional fees. If you’re unable to find partner ATM networks you may use for free, consider limiting the number of ATM transactions you carry out.
  • Paying with cash: Using the local currency you have is a surefire way of avoiding overseas transaction fees. Paying in cash also provides opportunities to haggle on prices with local vendors, which can offer even more savings.

FAQs About No Foreign Transaction Fee Credit Cards

Learning the answers to other commonly asked questions about credit cards with no foreign transaction fees will help when comparing your options and choosing a card.

Since there is no single best international credit card, consider selecting one from the array of great rewards, cash back, travel and student credit cards that we’ve determined are among the best through meticulous research.

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About the Author


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.


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*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.
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