Home » Top Picks » Best No Foreign Transaction Fee Credit Cards – October 2020

Best No Foreign Transaction Fee Credit Cards – October 2020

Best No Foreign Transaction Fee Credit Cards – October 2020

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Oct 01, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

When you’re looking for your best credit card for international travel, you’ll want a card with no foreign transaction fees. This is a fee that’s charged every time you use your card outside the United States, and is often around 3% of the purchase. A CompareCards.com study on foreign transaction fees found that nearly half of all credit cards assess this type of fee.

Based on our research of cards available through CompareCards, as well as top cards offered by major issuers, we selected seven of the best cards with no foreign transaction fees. We chose cards that offer strong rewards rates and offer cardholders valuable benefits.

Best overall travel card: Chase Sapphire Preferred® Card

Why we like it: Earn 2X points on travel and dining at restaurants, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases worldwide. Plus, Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.

You can also earn 5X points on Lyft rides through March 2022.

One of this card’s best features is that it earns Chase Ultimate Rewards® points, and when you redeem points for travel through the Ultimate Rewards portal, you get 25% more value.

You can also transfer points at a 1:1 value to the following travel partners:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

And the card comes with the following travel benefits:

  • $0 foreign transaction fees
  • Trip cancellation and trip interruption insurance
  • Baggage delay insurance
  • Trip delay reimbursement
  • Travel and emergency assistance services
  • Auto rental collision damage waiver

Annual fee: The Chase Sapphire Preferred® Card charges a $95 annual fee.

Best for flat-rate 2X miles: Capital One® Venture® Rewards Credit Card

  • Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months

  • 2 Miles per dollar on every purchase, every day

  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®

Highlights
  • Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Redeem on travel—from vacation rentals to car rentals and more. Plus transfer your miles to over 10+ travel loyalty programs
  • No foreign transaction fees

See additional details for Capital One® Venture® Rewards Credit Card

More Info

Why we like it: The Capital One® Venture® Rewards Credit Card earns miles at an excellent flat rate: 2 miles per dollar on every purchase, every day. Plus, when you use this card to make hotel and car rental purchases through Capital One Travel, you’ll earn 5 miles per $1 spent. You can also earn a earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months. As for foreign transaction fees? There are none.

It’s easy to redeem miles, too, since you can either use them to book new travel through Capital One or use them to cover a past purchase via the Purchase Eraser feature. Note that when using Purchase Eraser, it must be within 90 days of the date your purchase posts to your account.

Miles can also be transferred to several airline and hotel loyalty programs.

Finally, you can receive an application fee credit of up to $100 every four years as reimbursement for the Global Entry or TSA Precheck application fee when you pay with this card.

Annual fee: There is an annual fee of $95.

Best for international dining and travel: American Express® Green Card

Why we like it: Earn 3X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery. Additionally, earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours.. There’s no limit on how many points you can earn, and your points don’t expire — though they can be forfeited for a variety of reasons, including late payments and card account closure.

Plus, earn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months. You can redeem points in a variety of ways, including booking or upgrading travel, or transferring points to any of the 22 airline and hotel travel partners with American Express.

Finally, the card offers the following travel credits and benefits:

  • Foreign transaction fees: None
  • A statement credit of up to $100 per calendar year for CLEAR, a service which uses your eyes and fingerprints to confirm your identity, allowing you to move through security more quickly at certain airports and stadiums. However, it should be noted a CLEAR Plus membership costs $179 per year ($15 per month), which is more than the up to $100 statement credit.
  • A statement credit of up to $100 per calendar year toward LoungeBuddy, a service which allows you to purchase access to airport lounges — the cost starts at $25.
  • Trip delay insurance.
  • Car rental loss and damage insurance.
  • Baggage insurance plan.
  • Global assist hotline.
  • Terms Apply.

Annual fee: The American Express® Green Card has a $150 annual fee.

To see rates & fees for American Express® Green Card please click here.

Best for cash back: Capital One® Quicksilver® Cash Rewards Credit Card

  • Unlimited 1.5% Cash Back on every purchase, every day

  • 0% intro on purchases for 15 months, then 15.49% - 25.49% (Variable)

  • No minimums for redeeming and cash back won't expire for the life of the account

Highlights
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
  • Pay no annual fee or foreign transaction fees

See additional details for Capital One® Quicksilver® Cash Rewards Credit Card

More Info

Why we like it: If you’re looking for a cashback card with $0 annual fee and foreign transaction fees of none, take a look at the Capital One® Quicksilver® Cash Rewards Credit Card card.

With it you’ll earn 1.5% cash back on every purchase, every day. Plus, you can earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. Your rewards don’t expire for the life of the account and you can redeem your cash back for any amount.

The Capital One® Quicksilver® Cash Rewards Credit Card also offers an APR of 0% intro on purchases for 15 months. After that, an APR of 15.49% - 25.49% (variable) applies.

Annual fee: While the Capital One® Quicksilver® Cash Rewards Credit Card has a $0 annual fee, there are credit cards that offer more than 1.5% cash back also without an annual fee — you can find rates of 2% cash back for flat-rate cards and 5% cash back for cards with rotating quarterly categories. However, those cards may charge a foreign transaction fee.

Best for no annual fee: Bank of America® Travel Rewards credit card

Why we like it: For those who want a straightforward, no-hassle travel card, the Bank of America® Travel Rewards credit card might fit the bill. You can 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire. And if you’re a member of Bank of America’s Preferred Rewards program, you can earn 25% to 75% more points on every purchase.

Plus, earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.

Annual fee: While the Bank of America® Travel Rewards credit card has a $0 annual fee, some of the other cards on this list offer higher rewards rates for categories like travel and dining in exchange for paying an annual fee.

Best for lounge access: The Platinum Card® from American Express

Why we like it: The Platinum Card® from American Express offers unparallelled lounge access thanks to the Global Lounge Collection, letting you get into more than 1,200 airport lounges across 130 countries.

It also comes with generous travel benefits, such as:

    • An airline fee credit of up to $200 per year.
    • Uber VIP status and up to $200 each year in Uber Cash.
    • A statement credit of up to $100 for Global Entry or TSA Precheck. You can earn it once every four-and-a-half years for Global Entry or once every four years for TSA Precheck.
    • Marriott Bonvoy Gold Elite status.
    • Hilton Honors Gold status.
    • Car rental loss and damage insurance.
    • Access to the Premium Global Assist Hotline.
    • Terms Apply.

Finally, the rewards and welcome offer are solid. Earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X Membership Rewards® points on prepaid hotels booked on amextravel.com. And earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months. You can redeem points in a variety of ways, including booking or upgrading travel, or transferring your points to any of the 22 airline and hotel travel partners with American Express.

Annual fee: All these benefits come at a cost. There’s a $550 annual fee for The Platinum Card® from American Express. If you want to add authorized users, there’s a total annual fee of $175 for up to three additional cards; then a $175 annual fee for each additional card after that.

To see rates & fees for The Platinum Card® from American Express please click here.

Best for business travel: Ink Business Preferred℠ Credit Card

Why we like it: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.

There’s also a great sign-up bonus: Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

One of the key features about this card is that it earns Chase Ultimate Rewards points, and your points are worth 25% more value when redeemed for travel via the Ultimate Rewards portal.

If you prefer to transfer your points, you can do so at a 1:1 value to these partners:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

The card also comes with the following travel benefits:

  • $0 foreign transaction fee.
  • Trip cancellation and trip interruption insurance.
  • Auto rental collision damage waiver.
  • Roadside dispatch.

You can also get employee cards at no cost and earn rewards on purchases your employees make.

Annual fee: The Ink Business Preferred℠ Credit Card charges a $95 annual fee.

The information related to the Ink Business Preferred℠ Credit Card and American Express® Green Card has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information. 


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