The best credit cards with no foreign transaction fees

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Nobody likes paying credit card fees, but at least most of them have some justification.

For example, you might be willing to pay an annual fee to receive a host of valuable benefits, and a late fee could be considered an appropriate penalty for failing to make your payments on time.

However, there’s no justification for credit card issuers imposing foreign transaction fees, which are just pure profit for card issuers.

Best credit cards with no foreign transaction fees

Many credit cards still charge a 3% fee on all transactions processed outside the United States, and these charges can apply to goods and services purchased in U.S. dollars from foreign companies — when you haven’t even left home!

Thankfully, credit card users are more aware of these unnecessary fees than ever before, and card issuers have taken notice.

There are many competitive credit cards with no foreign transaction fees. These cards are typically premium travel rewards cards that have annual fees, but there are some credit cards with both no annual fee and no foreign transaction fees.

Whether you’re driving across the border or flying overseas, you should always make sure that you have a card in your wallet with no foreign transaction fees. Here are a few of the best ones to get you started:

  1. Capital One Venture Rewards Credit Card
  2. Costco Anywhere Visa® Card by Citi
  3. Capital One SavorOne Cash Rewards Credit Card
  4. Bank of America® Travel Rewards Credit Card

Capital One® Venture® Rewards Credit Card

Earn rewards that can be redeemed for statement credits or transferred to airline miles.
Welcome bonus 50,000 Capital One Miles after spending $3,000 on new purchases within three months of account opening
Rewards
  • Double miles on all purchases
  • Miles can be redeemed for travel statement credits or transferred to airline partners
Annual fee $95, waived the first year
Advantages
  • Up to $100 credit for Global Entry or TSA PreCheck when you use your card to pay
  • Reward miles can be redeemed for one cent each as travel statement credits
  • Reward miles can also be transferred to airline miles
  • No foreign transaction fees
Drawbacks
  • Miles transfer to airline partners mostly at a 2:1.5 ratio
  • $95 annual fee

Learn more: Capital One Venture Rewards


Costco Anywhere Visa® Card by Citi

Earn great cash back rewards on gas, restaurants, travel and Costco purchases.
Welcome bonus None
Rewards
  • 4% cash back on eligible gas purchases, on up to $7,000 spent annually
  • 3% cash back on restaurant and travel purchases
  • 2% cash back on all other Costco purchases
  • 1% cash back elsewhere
Annual fee No annual fee with your paid Costco membership
Advantages
  • Excellent rates of cash back rewards
  • No annual fee for Costco members
  • No foreign transaction fees
Drawbacks
  • Only 1% cash back for non-bonus purchases

Learn more: Costco Anywhere Visa Card by Citi


SavorOne from Capital One

Capital One SavorOne Cash Rewards Credit Card

Earn valuable cash back with no annual fee and no foreign transaction fees. 
Welcome bonus $150 cash back after spending $500 on new purchases within three months of account opening
Rewards
  • 3% cash back on dining and entertainment
  • 2% at grocery stores
  • 1% on all other purchases
Annual fee $0
Advantages
  • Strong cash back rewards on dining, entertainment and grocery purchases
  • $150 early spend bonus after spending only $500
  • No annual fee
  • No foreign transaction fees
Drawbacks
  • Only 1% cash back on non-bonus purchases

Learn more: Capital One SavorOne Cash Rewards


Bank of America Travel Rewards

Bank of America® Travel Rewards Credit Card

Earn travel rewards with no annual fee and no foreign transaction fees.
Welcome bonus 25,000 points, worth $250 in travel statement credits, after making $1,000 in new purchases within 90 days of account opening
Rewards
  • Earn unlimited 1.5 points for every $1 you spend on all purchases
Annual fee $0
Advantages
  • Valuable sign-up bonus
  • Earn competitive travel rewards
  • Receive a 10% bonus on rewards earned if you’re also a Bank of America checking or savings account customer
  • No annual fee and no foreign transaction fees
Drawbacks
  • Limited benefits, such as no auto rental insurance, trip cancellation insurance or roadside assistance

Learn more: Bank of America® Travel Rewards Credit Card

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