What you can do to avoid foreign transaction fees | finder.com
What you can do to avoid foreign transaction fees

What you can do to avoid foreign transaction fees

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Finding a credit card that doesn’t charge a foreign transaction fee is a money saver when it comes to traveling.

It may take some time and patience to research and find a credit card that fits your needs and also waives foreign transaction fees, but it’s worth it do so. This allows you make purchases anywhere internationally without suffering any extra charges.

These credit cards that have no foreign transaction fee will ultimately save you enough money on your next trip to buy a round of drinks, pay for dinner or just squirrel away.

Tips to avoid foreign transaction fees with your credit card

  • Read the fine print. It is your responsibility to read the fine print before taking your card overseas. Look into the terms and conditions to get a firm grasp on the different fees the card may charge. Foreign transaction and currency conversion fees are fairly common, so frequent travelers should look for a card that waives these fees.
  • Pay in cash. The most ideal way to avoid the foreign transaction fee is to use cash. If you’ll be bringing a large amount or sending cash overseas, only bring what you need. It’s smart to hide some in a safe or your suitcase once when you reach your destination. This will ensure that even if you lose some cash, you’ll have back up.
  • Consider using travelers checks. Travelers checks allow you to spend without the fear of incurring multiple foreign transactions fees — although you may have a hard time finding acceptably in some destinations. Travelers checks are a secure travel money product that protect against theft and loss and can easily be replaced usually in 24 hours.
  • Use a card with no foreign transaction fee. Some credit cards like the Chase Sapphire Reserve® Visa Card have no foreign transaction fee – plus complimentary travel perks. There are even some banks that offer debit cards that waive the foreign transaction fee like TD Bank, Charles Schwab and Discover. It’s important to note that debit cards and different from credit cards, and debit cards will save you on interest since it your own hard earned money, not a line of credit.

Compare no foreign transaction fee credit cards

Name Product Currency Conversion Fee Annual Fee APR (Annual Percentage Rate) for Purchases
$550
None (Charge Card)
Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on amextravel.com. Rates & Fees
$250
See Rates & Fees
25,000 bonus Membership Rewards® Points when you spend $2,000 in the first 3 months Rates & Fees
None
$0
13.99% variable
A low, variable APR on purchases, balance transfers and cash advances.
None
$95
17.74% to 26.74% variable
Earn 125,000 Hilton Honors™ Bonus Points after you spend $2,000 or more in purchases with your new Card within the first 3 months of Card Membership. Rates & Fees
$0
17.74% to 26.74% variable
Earn 75,000 Hilton Honors™ Bonus Points after you spend $1,000 in purchases on the Card within your first 3 months of Card Membership. Rates & Fees
$0 annual fee for the first year ($95 thereafter)
17.74% to 26.74% variable
30,000 bonus miles after you use your new card to make $1,000 on purchases within the first 3 months. Rates & Fees
$0 annual fee for the first year ($95 thereafter)
17.74% to 26.74% variable
Enjoy a $0 annual fee on the first year and earn up to 2 Starpoints® for every dollar of eligible purchases. Rates & Fees
None
$195
16.99% variable
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
None
$0
14.74%, 18.74% or 24.74% variable
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
None
$495
16.99% variable
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
None
$995
16.99% variable
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
None
$0
16.99% to 24.99% variable
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
None
$0 annual fee for the first year ($95 thereafter)
17.74% to 24.74% variable
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
None
$450
17.74% to 24.74% variable
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.

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Kyle Morgan

Kyle Morgan is a producer for finder.com who has worked for the USA Today network and Relix magazine, among other publications. He can be found writing about everything from the latest car loan stats to tips on saving money when traveling overseas. He lives in Asbury Park, where he loves exploring new places and sipping on hoppy beer. Oh, and he doesn't discriminate against buffalo wings — grilled or fried are just fine.

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