{"id":223795,"date":"2019-07-29T13:02:59","date_gmt":"2019-07-29T12:02:59","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=223795"},"modified":"2026-01-29T02:51:56","modified_gmt":"2026-01-29T02:51:56","slug":"business-credit-cards-no-foreign-transaction-fees","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/business-credit-cards\/business-credit-cards-no-foreign-transaction-fees","title":{"rendered":"Compare business credit cards with no foreign transaction fee"},"content":{"rendered":"<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\"><p>Approval for any credit card depends on your status. The representative APRs shown represent 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. Most of the data in Finder's comparison tables is provided by Defaqto.<\/p><\/div><\/article><div itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 id=\"learn\" itemprop=\"name\">About business credit cards with no foreign fees<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p>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% for spending in other countries, and some may also charge a higher interest rate on these transactions. <\/p><p>Thankfully, there are some business credit cards which help you to minimise these costs. If you\u2019d like the flexibility and convenience of using a company credit card on overseas business trips, it\u2019s a good idea to use one of these specialist cards. <\/p><\/div><div class=\"did-you-know u-bg--sky-subtle u-rounded--lg\" data-component=\"did-you-know\">\n        <div class=\"did-you-know__block\">\n        <h4 class=\"did-you-know__title\">\n            <span class=\"did-you-know__title-icon\">\n                <svg width=\"32\" height=\"32\" viewbox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                    <circle cx=\"16\" cy=\"16\" r=\"12\" fill=\"#00B2FF\"\/>\n                    <path d=\"M17.5 22.5C17.5 22.7967 17.412 23.0867 17.2472 23.3334C17.0824 23.58 16.8481 23.7723 16.574 23.8858C16.2999 23.9993 15.9983 24.0291 15.7074 23.9712C15.4164 23.9133 15.1491 23.7704 14.9393 23.5607C14.7296 23.3509 14.5867 23.0836 14.5288 22.7926C14.471 22.5017 14.5007 22.2001 14.6142 21.926C14.7277 21.6519 14.92 21.4176 15.1667 21.2528C15.4133 21.088 15.7033 21 16 21C16.3978 21 16.7794 21.158 17.0607 21.4393C17.342 21.7206 17.5 22.1022 17.5 22.5ZM16 9C13.2425 9 11 11.0188 11 13.5V14C11 14.2652 11.1054 14.5196 11.2929 14.7071C11.4804 14.8946 11.7348 15 12 15C12.2652 15 12.5196 14.8946 12.7071 14.7071C12.8946 14.5196 13 14.2652 13 14V13.5C13 12.125 14.3463 11 16 11C17.6538 11 19 12.125 19 13.5C19 14.875 17.6538 16 16 16C15.7348 16 15.4804 16.1054 15.2929 16.2929C15.1054 16.4804 15 16.7348 15 17V18C15 18.2652 15.1054 18.5196 15.2929 18.7071C15.4804 18.8946 15.7348 19 16 19C16.2652 19 16.5196 18.8946 16.7071 18.7071C16.8946 18.5196 17 18.2652 17 18V17.91C19.28 17.4913 21 15.6725 21 13.5C21 11.0188 18.7575 9 16 9ZM29 16C29 18.5712 28.2376 21.0846 26.8091 23.2224C25.3807 25.3603 23.3503 27.0265 20.9749 28.0104C18.5995 28.9944 15.9856 29.2518 13.4638 28.7502C10.9421 28.2486 8.6257 27.0105 6.80762 25.1924C4.98953 23.3743 3.75141 21.0579 3.2498 18.5362C2.74819 16.0144 3.00563 13.4006 3.98957 11.0251C4.97351 8.64968 6.63975 6.61935 8.77759 5.1909C10.9154 3.76244 13.4288 3 16 3C19.4467 3.00364 22.7512 4.37445 25.1884 6.81163C27.6256 9.24882 28.9964 12.5533 29 16ZM27 16C27 13.8244 26.3549 11.6977 25.1462 9.88873C23.9375 8.07979 22.2195 6.66989 20.2095 5.83733C18.1995 5.00476 15.9878 4.78692 13.854 5.21136C11.7202 5.6358 9.76021 6.68345 8.22183 8.22183C6.68345 9.7602 5.63581 11.7202 5.21137 13.854C4.78693 15.9878 5.00477 18.1995 5.83733 20.2095C6.66989 22.2195 8.07979 23.9375 9.88873 25.1462C11.6977 26.3549 13.8244 27 16 27C18.9164 26.9967 21.7123 25.8367 23.7745 23.7745C25.8367 21.7123 26.9967 18.9164 27 16Z\" fill=\"#232320\"\/>\n                <\/svg>\n            <\/span>\n            <span class=\"did-you-know__title-text\">Credit card jargon explained<\/span>\n        <\/h4>\n        <div class=\"did-you-know__content\">\n            <ul><li><strong>APR.<\/strong> The annual percentage rate (APR) is a benchmark of the annual cost of your card. As well as the interest, the APR also takes into account any compulsory fees or charges. However, providers only have to give the advertised APR to 51% of those who take out the credit card and the other 49% could get a higher rate. That&#8217;s why it&#8217;s often referred to as the <u>representative<\/u> APR.<\/li><li id=\"fixed\"><strong>Grace period.<\/strong> Most credit cards offer a grace period of up to 55 days, during which no interest is charged as long as you repay your balance in full.<\/li><li><strong>Foreign usage charge.<\/strong> This is normally a percentage fee charged on any purchases you make using your card outside the UK.<\/li><li><strong>Cash advance.<\/strong> Withdrawing cash or buying foreign currency on your credit card is known as a cash advance. Carrying out this transaction can incur high fees and high interest charges.<\/li><li><strong>Variable rate.<\/strong> Most credit cards have variable interest rates which can increase or decrease over time at the lender&#8217;s discretion. Typically, variations occur as market conditions generally shift \u2013 for example an increase or decrease in the Bank of England base rate.<\/li><\/ul>\n        <\/div>\n    <\/div>\n<\/div>\n<article class=\"luna-card luna-card--primary\"><div class=\"luna-card__block\"><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 id=\"learn\" itemprop=\"name\">Which UK business credit cards have no foreign transaction fees?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><ul><li><a href=\"https:\/\/www.finder.com\/uk\/business-credit-cards\/capital-on-tap-business-credit-card\">Capital on Tap business credit card<\/a><\/li><li><a href=\"https:\/\/www.finder.com\/uk\/business-credit-cards\/capital-on-tap-business-credit-card\">Capital on Tap business rewards credit card<\/a><\/li><li><a href=\"https:\/\/www.finder.com\/uk\/business-credit-cards\/santander-business-cashback-credit-card\">Santander Business Cashback credit card<\/a><\/li><li><a href=\"https:\/\/www.finder.com\/uk\/business-credit-cards\/rbs-business\/rbs-business-plus-credit-card\">Royal Bank of Scotland Business Plus credit card<\/a><\/li><li><a href=\"https:\/\/www.finder.com\/uk\/business-credit-cards\/natwest-business\/natwest-business-plus-credit-card\">NatWest Business Plus credit card<\/a><\/li><\/ul><\/div><\/div><\/div><\/div><\/article><\/div><\/div><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 id=\"learn\" itemprop=\"name\">What fees can you incur when using a business credit card abroad?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><ul class=\"has-margin-bottom\"><li><strong>Foreign transaction fee (charged by your own bank).<\/strong> This is also sometimes referred to as a \u201cloading fee\u201d or &#8220;non-sterling transaction fee&#8221;. You could be charged a foreign transaction fee for every purchase you make overseas. This fee is usually charged as a percentage of the transaction (typically 2-3%). However, you can avoid these fees entirely by choosing one of the specialist overseas business credit cards listed above.<\/li><li><strong>Merchant currency conversion fee (charged by the merchant&#8217;s bank).<\/strong> Sometimes merchants will offer you the chance to pay in pounds instead of the local currency. In this situation, it will be the merchant&#8217;s bank (rather than your own) whose fee structure will apply. Often it will use the mid-market rate with a mark-up added on top. To avoid this, choose a decent travel credit card and then always choose to pay in the local currency. Cash machines may also offer this facility, in which case the same advice applies.<\/li><li><strong>Credit card surcharge (charged by the merchant).<\/strong> Credit card surcharges have been banned across the EU for personal Mastercards and Visa cards, but business credit card transactions could still incur a surcharge at the merchant\u2019s discretion: ask before you pay. <\/li><li><strong>Cash advance fee (charged by your own bank).<\/strong> If you withdraw cash from an ATM, get cashback from a merchant or use your credit card to buy foreign currency, you&#8217;ll be charged a cash advance fee. This could be higher than the fees you&#8217;d pay back in the UK. You&#8217;ll also begin paying interest on these transactions immediately and on a daily basis, so it&#8217;s best to avoid doing this if possible.<\/li><li><strong>Cash machine fees (charged by the cash machine owner).<\/strong> Some ATM owners will charge you to withdraw cash, although this is becoming rarer across the globe.<\/li><\/ul><\/div><p>It&#8217;s also worth bearing in mind that some cards may charge a different interest rate and\/or have a shorter <a href=\"https:\/\/www.finder.com\/uk\/credit-cards\/what-does-up-to-55-days-interest-free-really-mean\">grace period<\/a> for non-sterling transactions.<\/p><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 id=\"learn\" itemprop=\"name\">What other features do I need to consider?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p>Free currency conversion is a huge bonus if you do a lot of spending abroad, but it\u2019s not the only consideration. Here are some other things you should think about:<\/p><ul class=\"has-margin-bottom\"><li><strong>Eligibility.<\/strong> Each card is likely to come with its own requirements, typically involving the number of years of trading, turnover or number of staff.<\/li><li><strong>Perks and rewards.<\/strong> Some business credit cards reward you for spending, perhaps via cashback or a rewards points scheme. Many specialist overseas credit cards offer air miles as a reward for spending.<\/li><li><strong>Interest rates.<\/strong> A lack of foreign transaction fees might not count for much if your credit card has an uncompetitive interest rate, so check to see how this compares to other cards. To avoid interest charges completely, pay off your balance in full every month. However, if, like a lot of business owners, you\u2019re planning to keep one card specifically for overseas use and another for your day-to-day spending in the UK, then the interest rate may not matter to you too much.<\/li><li><strong>Introductory offers.<\/strong> Occasionally, you might find a business credit card that offers 0% interest on card transactions for an initial period after your account has been opened. This deal may or may not include overseas transactions. The interest rate will shoot up after this period has ended, so you should aim to clear your balance before this point.<\/li><\/ul><div class=\"importantText importantText__quote\">\n  <blockquote>\n    <div class=\"importantText__quoteIcon\"><\/div>\n    <p>Dynamic currency conversion offers the option of paying for your goods in pounds sterling rather than the local currency. But if a retailer offers this service at the checkout, it&#8217;s best to decline and stick to paying in the local currency. If you don&#8217;t, you&#8217;ll be charged the retailer&#8217;s higher exchange rate and end up paying more for your purchase.\u201d<\/p>\n    <footer class=\"importantText__quoteAuthor\">\u2013 <cite>Rachel Wait, financial journalist<\/cite><\/footer>\n  <\/blockquote>\n<\/div>\n<\/div><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"guide\">How to choose the right business credit card for foreign usage<\/h3><ol><li><strong>Work out what you want to get out of your credit card.<\/strong> Do you want the ability to earn rewards or cashback, or multiple cards for employees?<\/li><li><strong><a href=\"https:\/\/www.finder.com\/uk\/business-credit-cards\/business-credit-cards-no-foreign-transaction-fees#compare\">Compare cards to find the one that best suits you.<\/a> <\/strong>Look at things like APR, earn rates, and fees.<\/li><li><strong>Check you meet the eligibility criteria for the specific card you want.<\/strong><\/li><li><strong>Apply for the card.<\/strong><\/li><\/ol><\/div><\/article><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 id=\"learn\" itemprop=\"name\">How do I avoid foreign transaction fees?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\">If you want to avoid foreign usage fees when using your business credit card abroad, you should keep the following tips in mind:<\/p><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Do<\/h4><ul class=\"list-1\"><li>Use a specialist overseas card whenever you&#8217;re abroad.<\/li><li>Pay off your balance in full to avoid interest charges.<\/li><li>Check the small print before you travel.<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Don&#8217;t<\/h4><ul class=\"list-12\"><li>Pay in pounds, if offered the opportunity.<\/li><li>Use your credit card to withdraw cash, unless it&#8217;s an emergency.<\/li><\/ul><\/div><\/div><\/div><h3>Bottom line<\/h3><p>If you or your employees often travel for work, using a business credit card designed for overseas use will help you to avoid high foreign exchange charges. But as always, you should compare your options carefully and make sure you keep on top of your repayments.    <\/p><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Do these credit cards remove foreign transaction fees in every country?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Most do, although some may only remove loading fees in certain regions (typically the EU). Check the terms before applying. We&#8217;ll always include this information in our reviews of business credit cards.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">How do the credit card exchange rates compare to foreign currency exchange bureaus?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Rates offered by foreign currency exchange bureaus can vary wildly, especially if you use airport bureaus where the rates are especially high. You&#8217;re more likely to get a fair exchange rate when paying with a specialist overseas credit card.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Are there any other advantages of using a credit card over cash when overseas?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><ul class=\"has-margin-bottom\"><li>If your credit card is stolen, you can cancel it, reducing the risk of losing your money.<\/li><li>You&#8217;ll be able to track employee spending (or your own) more easily by sticking to one method.<\/li><li>There&#8217;s no risk of being charged conversion fees twice for converting unused foreign currency back to pounds.<\/li><\/ul><p>The main disadvantage is that there&#8217;s no guarantee all retailers at your destination will accept credit card payments. For this reason, you should also carry some local currency in cash. Also be aware that business credit cards don&#8217;t offer Section 75 protection.<\/div>\n  <\/div>\n<\/li><\/ul><div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000000\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000000\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our <a href=\"https:\/\/www.finder.com\/uk\/terms-of-use\" class=\"fin-text-navy\">terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/pid>","protected":false},"excerpt":{"rendered":"<p>If you or your staff frequently travel overseas for business, choose a credit card that won&#8217;t charge punishing fees to convert currencies on foreign transactions.<\/p>\n","protected":false},"author":195,"featured_media":188210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[2296],"tags":[],"asset_tag":[],"class_list":["post-223795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-credit-cards"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Compare no foreign transaction fee business credit cards 2026<\/title>\n<meta name=\"description\" content=\"There are many credit cards designed to be cheaper to use abroad. 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