Compare business credit cards with no foreign transaction fee
If you or your staff frequently travel overseas for business, choose a credit card that won't charge punishing fees to convert currencies on foreign transactions.
Overseas business travel can get expensive, especially when you factor in the cost of currency conversion. Most company credit cards will charge currency-conversion fees of around 3% (and some may also charge a higher interest rate on these transactions) for spending in other countries. But thankfully, there are some business credit cards which help you to minimise these costs.
If you’d like the flexibility and convenience of using a company credit card on overseas business trips, then it’s highly recommended to use one of these specialist cards.
Business credit cards with no non-sterling transaction fees
Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
What fees can you incur when using a business credit card abroad?
It’s also worth bearing in mind that some cards may charge a different interest rate and/or have a shorter grace period for non-sterling transactions.
What other features do I need to consider?
While the removal of overseas spending fees is a welcome addition to any credit card, there are likely to be other features to consider before applying, especially if you’re planning to use the card in the UK.
It is a common practice for business owners to use one credit card specifically for overseas use, and another to use in the UK. If you’re planning to only use your overseas card when you’re abroad and pay the balance off in full each month, none of the features above is likely to be too important.
Dos and don’ts
- Use a specialist overseas card whenever you’re abroad.
- Pay off your balance in full to avoid interest charges.
- Let your bank know you’re heading abroad.
- Check the small print before you travel.
- Pay in pounds, if offered the opportunity.
- Use your credit card to withdraw cash, unless it’s an emergency.
Frequently asked questions
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