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Best no foreign transaction fee credit cards

Save money on transactions made abroad and get additional perks.

We compared credit cards with no foreign transaction fee. And then we chose the top cards based on the rewards rate they offer, the value of the signup bonus, the intro APR period and other perks they may offer. We included both cards with no foreign transaction fee and no annual fee, as well as a couple of higher end cards that have annual fees — but enough perks to make the fee worth it.
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What are the best credit cards with no foreign transaction fee?

Best for Southwest travelers

Southwest Rapid Rewards® Priority Credit Card

Finder rating 4.1 / 5 ★★★★★

See offer
on Creditcards.com's secure site
Terms apply, see rates & fees
If you’re a Southwest Airlines devotee, the Priority lives up to its name as your cobranded card of choice. Of the three Southwest card offerings, the Priority offers the best value for the cost, as the annual travel credits and points outweigh the annual fee in terms of value. And since all three Southwest cards have the same earning rate, there’s little reason to pick the entry or middle-level card if you’re a regular Southwest traveler.

Best for point transfers

Chase Sapphire Preferred® Card

Finder rating 4.6 / 5 ★★★★★

See offer
on Bankrate's secure site
The Chase Sapphire Preferred® Card is an overall tremendous everyday travel card when it comes to rewards, with Chase's best signup bonus on offer. What really elevates this card however is the ability to transfer your points earned to a variety of hotel and airline partners without paying a large annual fee. This is a feature that is more than worth the card’s annual fee should you use it, as a transferred Chase Ultimate Rewards point can double or even triple in value with the right travel partner.

Best for Hyatt travelers

The World of Hyatt Credit Card

Finder rating 3.8 / 5 ★★★★★

See offer
on Creditcards.com's secure site
Terms apply, see rates & fees
The World of Hyatt Credit Card is one of Finder’s favorite hotel cards for earning hotel points on not just Hyatt stays, but other everyday spending categories as well. That’s because this card comes with perks and features worth far more than the card’s $95 annual fee would suggest, including Elite Discoverist status and a free anniversary night each year.

Best for flat rate miles

Capital One Venture Rewards Credit Card

Finder rating 4.4 / 5 ★★★★★

Apply now
on Capital One Bank®'s secure site
The Capital One Venture Rewards Credit Card is a great example of a card that combines simplicity and additional value. For the card’s annual fee, you’ll enjoy the ability to transfer your miles to select airline transfer partners as well as take advantage of Visa Signature benefits such as Visa concierge and complimentary auto rental insurance. And the card’s earning rate of 2x miles on all purchases is higher than what you’d find on other flat rate cards, making it a great choice if you’ve not fully committed to a particular airline or rewards program.

Best card for everyday use

Amazon Rewards Visa Signature Card

Read review
Terms apply, see rates & fees
The Amazon Rewards Visa Signature Card is not only an excellent rewards card if Amazon and Whole Foods are your go-to for shopping, but it doesn't charge foreign transaction fees as well. In fact, you can even get travel insurance with the card, making it a surprisingly robust card for everyday spending no matter where you are — provided you have access to Amazon.
The information about Amazon Rewards Visa Signature Card has been collected independently by Finder and has not been reviewed or provided by the issuer.

Best credit cards with no annual fee and no foreign transaction fee

If you’re looking to save even more, these cards don’t charge an annual or a foreign transaction fee.

Best for signup bonus

Bank of America® Travel Rewards Credit Card

Finder rating 3.2 / 5 ★★★★★

For the spend requirement, the Bank of America® Travel Rewards Credit Card offers one of the biggest welcome offer values you can get on a no annual fee card. And if you're an active Bank of America checking or savings account client, you earn 10% more points.

How to choose the best no foreign transaction fee credit card

The lack of a foreign transaction fee itself is a great perk, but it’s not the only thing to focus on when choosing a credit card. Here are some steps to take to help you choose.

  • Look at the annual fee. If you want to avoid foreign transaction fees, you might also want to minimize your credit card cost by avoiding the annual fee. Some cards without foreign transaction fees charge an annual fee for strong rewards or perks. Make sure any benefits are worth the additional fee.
  • Think about whether you need to carry a balance. The annual percentage rate influences how much interest you pay whenever you don’t pay your balance in full during the grace period. It’s best to pay your balance in full to avoid interest and debt. But if you carry a balance, a lower annual percentage rate will minimize the amount of interest you pay on balances you carry.
  • Look for promotional rates. Some cards without foreign transaction fees offer 0% introductory promotional interest rates on balance transfers, on purchases or on both.
  • Do you want rewards? Cards with no foreign transaction fees commonly pay rewards that you can use toward future travel. With a credit card that pays rewards, pay close attention to the rewards you earn for each dollar you spend.Look for a credit card that pays the most rewards on the categories where you typically spend the most money. Be sure also that the rewards you earn are rewards you can use.
  • Go for the biggest signup bonus. Many rewards credit cards offer a sign up bonus, which is a lump sum of rewards that you can earn by spending a certain amount of money within the first few months of having the credit card. Compare signup bonuses based on the amount of the bonus you can earn and the amount you have to spend to earn the bonus. Keep in mind that your spending habits and credit limit will influence your ability to meet the spending requirement.
  • Is the card accepted abroad? Don’t take for granted that your card will be accepted while you’re traveling to other countries. Visa and Mastercards are widely accepted worldwide.However, Discover and American Express are not as widely accepted in other countries. Consider where you’re likely to travel and research to learn whether the credit card network is widely accepted in that country.
  • Other credit card perks. Many no foreign transaction fee credit cards include other travel perks. These perks can make the credit card even more worth using.Benefits like travel insurance, waived baggage fees, and priority boarding are things that you should consider when you’re choosing a no foreign transaction fee credit card. Read the fine print of these perks to be sure they continue to apply when you travel internationally.

How do foreign transaction fees work?

Let’s say you’re paying $1,000 for overseas accommodation and use a card that charges a 3% foreign transaction fee, the additional cost would be $30. Similarly, if you were shopping online and spent $100 with a retailer overseas, you could expect to pay $3 extra.

Even though this percentage can seem like a small amount, with large expenses like travel-related costs, these extra fees can add up to a substantial amount over time.

When is a no foreign transaction fee credit card worth it?

This is pretty simple to answer: a no foreign transaction fee credit card is worth it if you plan on spending time abroad and need to make purchases during that time using your credit card. If you don’t plan on traveling abroad, you shouldn’t need to worry about this feature much when card hunting.

It’s easy to see how having a card with no foreign transaction fees can be worth if you first make the mistake of traveling with a card that does charge fees. Chris Panteli, owner and founder of LifeUpswing.com, learned this the hard way.

“When I split with my fiance the year before the pandemic, I treated myself to a trip to Dubai, and that place get’s expensive and fast,”

Panteli tells Finder.

“In fact, just a single beer was costing in excess of $20 at most places. So, as you can imagine, I was running through my currency pretty quickly.I thought it would be a good idea to try and spread the cost of some of my purchases onto the credit card, thus enabling me to retain more of the local currency for the duration of the trip.”

“Alas, I had not done my research properly on the transaction fee costs, and ended the trip racking up over $150 in fees.I definitely wish these fees could be avoided somehow, but to be honest, I blame myself. As a self proclaimed personal finance expert, it is quite embarrassing to have let such an obvious thing pass me by. I knew I would incur some sort of charge, but should have really done my due diligence on the actual costs involved.”

You asked, we listened: Top 3 questions about no foreign transaction fee credit cards

  1. What do I need to know about traveling with a credit card?
    Before you travel internationally, give your credit card issuer a call to let them know that you’re going to be making purchases in other countries. This way your credit card issuer won’t flag your international purchases as fraud.
  2. Can the credit card issuer later add a foreign transaction fee?
    Yes, your issuer is allowed to change the terms of your credit card at any time. Fortunately, providers aren’t allowed to change the terms of your credit card without letting you know first, and they are required to notify you within 45 days of the effective change date.
  3. Can I get more than one no foreign transaction fee credit card?
    Yes. Carrying multiple cards may increase your spending ability or help you take advantage of different rewards programs. As long as you meet the credit requirements, you can have as many cards as you can be approved for. Take care with multiple credit cards to avoid taking on more debt than you can handle.

Bottom line

Credit cards with no foreign transaction fees serve as excellent cards for frequent travelers. And most of these cards offer solid rewards, which makes them useful even for everyday purchases.

If none of these cards fit your financial needs, compare more credit cards with no foreign transaction fees to find the right fit.

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

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