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

Rates last updated June 20th, 2018
Name Product Product Description Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Foreign Currency Conversion Fee (AMEX) Overseas ATM Withdrawal Fee
Luxury Card Mastercard® Titanium Card™
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
0% of transaction value
Luxury Card Mastercard® Black Card™
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
0% of transaction value
Uber Visa Card
Get 4% points back on dining, 3% on travel, 2% on Uber rides and online shopping and 1% on other purchases, and redeem points for Uber credits, gift cards or cash back.
0% of transaction value
Bank of America® Travel Rewards Credit Card
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
0% of transaction value
HSBC Cash Rewards Mastercard® credit card
Earn unlimited 1.5% cash rewards on all purchases.
Venture® from Capital One®
Earn 50000 bonus miles once after spending $3,000 on purchases within the first 3 months from account opening.
0% of transaction value
Chase Sapphire Preferred® credit card
Earn 50000 points when you spend $4,000 on purchases within the first 3 months of your account opening, and an additional 30,000 points when you spend a total of $30,000 on purchases within the first year of your account opening.
0% of transaction value
Bank of America® Premium Rewards® Credit Card
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
Chase Sapphire Reserve®
Earn 50000 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®.
0% of transaction value
The Platinum Card® from American Express
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.
0% of transaction value
Luxury Card Mastercard® Gold Card™
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.
0% of transaction value
United MileagePlus® Club card
Enjoy United Club membership, Premier Access® travel services, free checked bags, plus earn miles on every purchase.
0% of transaction value
Alaska Airlines Visa Signature® Card
Buy one ticket, get one for just the taxes and fees ($0 fare plus taxes and fees from just $22) after you make $1,000 or more in purchases within the first 90 days of your account opening. There are no blackout dates.
0% of transaction value
Platinum Delta SkyMiles® Credit Card
Earn 5,000 Medallion® Qualification Miles (MQMs) and 35,000 bonus miles after you spend $1,000 in purchases on your new card in your first 3 months.
0% of transaction value

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Kyle Morgan

Kyle Morgan is a writer and editor 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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