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:
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Capital One Venture Rewards Credit Card |
Earn rewards that can be redeemed for statement credits or transferred to airline miles. | |
Welcome bonus | 60,000 Capital One Miles after spending $3,000 on new purchases within three months of account opening |
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Annual fee | $95, waived the first year |
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Learn more: Capital One Venture Rewards |
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Costco Anywhere Visa® Card by Citi |
Earn great cash back rewards on gas, restaurants, travel and Costco purchases. | |
Welcome bonus | None |
Rewards |
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Annual fee | No annual fee with your paid Costco membership |
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Learn more: Costco Anywhere Visa Card by Citi |
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Capital One® SavorOne® Cash Rewards Credit Card |
Earn valuable cash back with no annual fee and no foreign transaction fees. | |
Welcome bonus | $200 cash back after spending $500 on new purchases within three months of account opening |
Rewards |
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Annual fee | $0 |
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Learn more: Capital One SavorOne Cash Rewards |
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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 |
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Annual fee | $0 |
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Drawbacks |
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Learn more: Bank of America® Travel Rewards Credit Card |
More Credit Card Content From Clark.com:
- Best Rewards Credit Cards: Team Clark’s Picks
- How Many Credit Cards Should You Have?
- Clark Howard: My 7 Rules for Using Credit Cards