Best Credit Cards With No Foreign Transaction Fees in 2024

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Are you planning a trip abroad and looking for a credit card that won’t ding you for foreign transaction fees?

Some of the best rewards credit cards on the market let you use them outside the United States without charging you a percentage of the transaction for processing.

But picking the right one for your wallet can be complicated.

Are you looking for a travel credit card that will provide other useful benefits, or are you a better candidate for a cash back credit card that just happens to offer the perk? The former often includes a hefty annual fee, while the latter can be had with no annual fee.

In this article, I’ll identify a few of Team Clark’s favorite “no foreign transaction fee” credit cards that could fit either spending style.

This article was updated in February 2024 and I review it every three months. Detailed notes on all updates can be found here.


Best Credit Cards With No Foreign Transaction Fees

For this review, we divided the “best” into two separate categories: no annual fee cards and premium travel cards.

This should help both recreational travelers who are looking for a simple rewards card they can take abroad as well as serious travelers who are looking for a card they can use during their frequent trips out of the country.

Best “No Foreign Transaction Fees” Cards With No Annual Fee

Best “No Foreign Transaction Fees” Cards for Serious Travelers

Team Clark spent hours reviewing the market for these cards, and we put them under the scrutiny of the guidelines for credit card usage set by money expert Clark Howard. Beyond the fact that these cards carry no foreign transaction fees, we also considered annual fees, card features and rewards programs when curating this list.

You can read more on our methodology for determining the best cards with no foreign transaction fees here.

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Alliant Cashback Visa® Signature Credit Card

Why We Like It: The 2.5% cash back on purchases regardless of spending category is really good. There are some hoops to jump through, though. They include signing up for a checking account and maintaining “Tier One” status to receive the 2.5% rewards. This card is on our list of best cash back credit cards.


Fidelity Rewards® Visa Signature® Card

Why We Like It: If you have a Fidelity investment account, you can turn rewards into unlimited 2% cash back when you choose to deposit them into your qualifying account. This is a great way to passively boost your investment portfolio. This card is on our list of best credit cards for investing rewards.


Wells Fargo Autograph Card

Why We Like It: Not only does this card skip on the annual and foreign transaction fees, but it also offers unlimited 3x points on some very popular spending categories. You can also get auto rental and cell phone coverage by paying with this card.


Capital One Venture X Rewards Credit Card

Why We Like It: The annual fee may seem steep at first glance, but it’s fairly easily recoverable with the $300 annual travel credit and 10,000-mile anniversary bonus you’ll receive each year. You’ll get a nice welcome offer and a free TSA PreCheck or Global Entry subscription as well as lounge access at select airports. This card is in Clark Howard’s wallet.


Chase Sapphire Preferred® Card

Why We Like It: This card lands just right with a strong welcome offer and an annual fee under $100. And you’re getting yourself into a pretty solid card once the sign-up bonus disappears. This card is on our list of best travel credit cards.


Chase Sapphire Reserve® Card

Why We Like It: Even though Clark winces at this annual fee, if you’re a high-volume traveler who enjoys the finer things, it’s hard to go wrong with this elite card. You can recoup over half of the annual fee by earning the annual travel credit. You’ll also enjoy an increased valuation of your points if you use them to book travel through Chase Travel.


Methodology for No Foreign Transaction Fee Credit Cards

For the purposes of determining which cards are “best” in this category, we reviewed Clark Howard’s 7 Rules for Using Credit Cards and sought to find cards that best fit his strategy.

Team Clark spent many hours reviewing the available credit cards on the market, assessing them for:

  • Foreign transaction fee policy
  • Annual fee
  • Rewards and perks
  • Welcome offer
  • Additional fees (transaction or otherwise)

We did not include offerings from local or regional banks and credit unions, because those cards aren’t always available nationwide. But local institutions often have desirable cards, so we do recommend that you compare your local bank or credit union’s credit cards to the ones that made this list.

We also did not factor in annual percentage rates (APRs), because interest rates are going to vary based on your individual financial circumstances. Since Clark strongly recommends not carrying a balance on credit cards, following his advice makes any concern over interest rates moot.

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Do you have a favorite credit card that does not charge foreign transaction fees? We’d love to hear about it in the Clark.com community.


Article Updates
  • December 2023: As a part of updating this article for 2024, I have added the Fidelity Rewards Visa Signature Card, Wells Fargo Autograph Card and Chase Sapphire Reserve Card to our list of best options. To make room for these, I have removed the Costco Anywhere Visa Card, Prime Visa and The Platinum Card from American Express.
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