Q: Which credit cards have no foreign transaction fees? I’m going to be traveling out of the country and need to know.
A: A number of credit cards we review offer no foreign transaction fees, which means you can use these cards to pay for purchases outside of the U.S. and not incur any fees. This can add up to considerable savings, so it’s something to consider for any upcoming trips, vacations or stays abroad. All of the cards listed below feature no foreign transaction fees.
Barclay Arrival Plus World Elite Mastercard – Our #1 ranked travel credit card offers cardholders 40,000 bonus miles after spending $3,000 in the first 3 months – equal to $400 in travel rewards! Users will also earn 2 miles for every $1 spent and an amazing extra 10% bonus when spending their miles on travel. To redeem your rewards all you need to do is book your travel however and wherever you’d like, and then apply your earned miles towards a statement credit. There is $0 intro annual fee for the first year and an $89 annual fee after that.
Capital One® VentureSM Rewards Card – This well-ranked travel card offers users 40,000 bonus miles when you spend $3,000 on purchases within the first 3 months (equal to $400 in travel), and double miles on every purchase. It’s easy to redeem your rewards for travel; you can use them for any travel expense (including free flights) and you can book online, by phone or with an agent. There is $0 intro annual fee for the first year and a$59 annual fee after that.
BankAmericard Travel Rewards® credit card – another on of our top-ranked rewards cards, cardholders earn 1.5 points for every $1 they spend on purchases, 50% more than the average rewards programs which only offer 1 point per dollar. In addition, users earn a $200 travel bonus after spending $1,000 within 90 days of the account open date. There is no annual fee.
Discover it Card – this new card from Discover features a 0% intro APR on purchases and balance transfers for 12 months. Additionally, Cardholders can take advantage of 5% cash back (on up to $1,500 in purchases) in rotating quarterly categories and 1% cash back on all other purchases. There is no annual fee.
JourneySM Student Rewards from Capital One® – This is an excellent card for both students and non-students created to help its users build good credit. Cardholders will earn 1% cash back on all purchases AND a 25% bonus on their cash back each month when they pay their bill on time. There is no annual fee.
Discover itTM – Balance Transfer card – Similar to its sister card the Discover it Card, this card features 5% cash back rewards (on up to $1,500 in purchases) in categories that rotate quarterly and 1% cash back on all other purchases. Cardholders will also benefit from the 0% intro APR on balance transfers for 18 months and 0% intro APR on purchases for 6 months. There is no annual fee.
Capital One® Venture OneSM Rewards Credit Card – Cardholders earn 1.25 miles per dollar on every purchase, every day. They can also earn a one-time bonus of 20,000 miles after spending $1,000 dollars on purchases within the first 3 months, equal to $200 on travel. There is no annual fee.
Platinum Card® from American Express (a NextAdvisor advertiser) – A good pick for those interested in a no-charge interest card with flexible spending limits. Cardholders will earn 25,000 membership rewards points after spending $2,000 during their first three months of card membership. They will also have access to exclusive Platinum card travel and entertainment benefits. The annual fee is $450.
Barclaycard® Ring Mastercard® – This card features an incredibly low ongoing APR of 8.00% for both purchases and balance transfers and no balance transfer fee, so you can move you balances to the card free of charge. In addition, cardholders can influence profit and loss decisions and participate in a profit sharing program. There is no annual fee.
Chase Sapphire PreferredSM – Users will earn 2 points per dollar spent on travel and dining and 1 point per dollar spent on all other purchases. Cardholders will also be able to earn 50,000 bonus points after spending $4,000 in the first 3 months ?that’s $625 toward travel rewards (if you book your travel via Chase Ultimate Rewards online). The annual fee is free the first year and $95 thereafter.