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

Best No Foreign Transaction Fee Credit Cards – February 2020

Best No Foreign Transaction Fee Credit Cards – February 2020

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

This article was last updated Feb 20, 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

  • 60,000 bonus points

  • 2X points on travel and dining

  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel

Highlights
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

See additional details for Chase Sapphire Preferred® Card

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Why we like it: Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. Plus, earn earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

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

  • One-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel

  • 2 Miles per dollar on every purchase, every day

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

Highlights
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • 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✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 15+ leading travel loyalty programs
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

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

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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 one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel. 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 more than 15 travel 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 $0 intro for first year; $95 after that.

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

  • No Foreign Transaction Fees

  • 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months.

  • Earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours. Earn 3X Membership Rewards® points at restaurants worldwide

Highlights
  • Earn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months.
  • Earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours.
  • Earn 3X Membership Rewards® points at restaurants worldwide.
  • Receive up to $100 per year in statement credits when you use the American Express® Green Card to pay for your CLEAR® membership at select airports and stadiums across the U.S. and Permissible Biometric Scanning Technology terms: eye scanning, irises scanning and fingerprints scanning.
  • Use the American Express® Green Card to purchase lounge access through LoungeBuddy to any of the lounges in the LoungeBuddy network — no memberships, elite statuses, or first class tickets required. Earn up to $100 in statement credits per calendar year on your LoungeBuddy purchases.

See additional details for American Express® Green Card

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Why we like it: Earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours. Earn 3X Membership Rewards® points at restaurants worldwide. 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.

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 and 0% intro on balance transfers for 15 months

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

Highlights
  • One-time $150 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
  • 0% intro APR on balance transfers for 15 months; 15.49%-25.49% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees

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

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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 $150 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 0% intro APR periods:

  • 0% intro on purchases for 15 months. After that, an APR of 15.49% - 25.49% (variable) applies.
  • 0% intro on balance transfers 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 Visa® credit card

  • Earn unlimited 1.5 points per $1 spent on all purchases

  • 0% Introductory APR on purchases for 12 billing cycles

  • 16.49% - 24.49% Variable APR on purchases and balance transfers

Highlights
  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  • 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
  • Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions
  • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
  • 0% Introductory APR for 12 billing cycles for purchases. After the intro APR ends, 16.49% - 24.49% Variable APR will apply
  • If you're a Preferred Rewards member, you can earn 25% - 75% more points on every purchase

See additional details for Bank of America® Travel Rewards Visa® credit card

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Why we like it: For those who want a straightforward, no-hassle travel card, the Bank of America® Travel Rewards Visa® credit card might fit the bill. You can earn unlimited 1.5 points per $1 spent on all purchases. 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 Visa® 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

  • 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.*

  • Up to $200 per calendar year in baggage fees & more at one qualifying airline*

  • No foreign transaction fees & exclusive airport lounge access*

Highlights
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees

See additional details for The Platinum Card® from American Express

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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.

Best for business travel: Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points

  • Earn 3 points per $1 in select business categories

  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards

Highlights
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

See additional details for Ink Business Preferred℠ Credit Card

More Info

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 80,000 bonus points after you spend $5,000 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.


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