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Bank of America credit cards with no foreign transaction fee
There are over a dozen travel cards, including several cobranded products.
Bank of America normally charges a 3% fee for transactions you make in foreign currencies or outside the United States. However, the majority of its products — namely, the travel credit cards — charge 0% foreign transaction fees. These cards typically have annual fees between $0 and $95.
What is a typical Bank of America foreign transaction fee?
The typical Bank of America foreign transaction fee is 3% of any transaction made abroad. You’ll find this with half of the provider’s cards. However, the majority of Bank of America’s products are travel cards without this fee.
Bank of America credit cards with no foreign transaction fee
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How to compare Bank of America credit cards with no foreign transaction fee
General vs. cobranded.
You can pick between the bank’s general travel cards — including the excellent Bank of America® Travel Rewards credit card and Bank of America® Premium Rewards® credit card — and a host of cobranded cards.
The general cards can offer lots of flexibility, as you’ll earn points that you can redeem for statement credit or electronic bank deposits. Cobranded products may offer better rewards for targeted spending, however. They may also offer unique perks, such as Alaska Airlines’ Companion Fare.
Annual fee.
It makes most sense to get a card with an annual fee only if you will take advantage of its perks. Otherwise, choose a card without it.
Signup bonus.
Before applying for a card, check if you can meet its signup bonus spending requirement.
Some cards have relatively easy requirements. For example, you’ll earn 10,000 bonus WorldPoints with the Norwegian Cruise Line® World Mastercard® after you make your first purchase within the first 90 days.
Other cards require a bigger buy-in. The Bank of America® Premium Rewards® credit card, for example, offers 50,000 bonus points if you spend at least $3,000 within the first 90 days.
Rewards.
Cobranded cards are typically more valuable if you spend often with the affiliated companies. You could also earn accelerated rewards in other categories too. For example, the Amtrak Guest Rewards® World Mastercard® offers 3x points on Amtrak spending and 2x points on other qualifying travel purchases.
If you’re an occasional traveler, or you spend on many different categories, consider a general card such as the Bank of America® Travel Rewards credit card credit card. You’ll earn solid rewards on every purchase, regardless of category.
Penalty APR.
Each Bank of America no-foreign-transaction-fee card comes with a penalty interest rate for late payments. This could be as high as 29.99% APR variable on all of your balances.
If you carry a balance month to month, this high interest rate could eat into savings from 0% foreign transaction fees. So, take care to pay your bill on time.
Bottom line
Bank of America has an extensive collection of no-foreign-transaction-fee cards. It offers its own general travel cards as well as several cobranded products.
If you’d like to learn more, read our guide to no-foreign-transaction-fee credit cards.
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