Best No Foreign Transaction Fee Credit Cards

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Updated: 4 days ago

We travel hundreds of thousands of miles per year, and much of that travel is international. While abroad, we love the ability to use credit cards just as we do at home in the US, reaping valuable rewards from all of our spending. Even if you only travel internationally once per year, it makes sense that you’d want to look for the best no foreign transaction fee credit card to help make your travel more affordable. The average charge for foreign transactions is around 3%, so a family of four spending $5,000 on hotels, food and drinks in Europe for a weeklong summer vacation could otherwise find themselves paying an extra $150 in fees!

Before we dive in to each suggestion, here are some extra tips when deciding not only which credit card is right for you, but also when and how to use that card when traveling abroad:

  1. Always pay in local currency. You’ll typically be asked if you want to pay in local currency or your home currency. While it may seem counterintuitive, paying in local currency will get you a better exchange rate every time. This is different from the actual foreign transaction fee (which is waived for all of these cards), and is just the conversion rate that the banks use.
  2. Different processing networks handle fees differently. Visa guarantees the exchange rate the day you make the purchase, but has a built-in cushion since the transaction typically only posts a couple of days later (meaning exchange rates could change and otherwise there’s some risk for Visa). Mastercard charges the current exchange rate the day the transaction posts (often a couple of days after the transaction), so the cushion is much smaller.
  3. Enable contactless payments. For several years Chip + PIN cards had the advantage for overseas travel. Nowadays, most merchants outside the U.S. (including many train and subway kiosks) allow tap-to-pay on your mobile device. This can streamline your purchases, and provides an extra layer of security.

In the past, very few cards waived foreign transaction fees — and those that did were usually super-premium cards with high annual fees. Nowadays, a variety of cards offer this benefit. Here are the best no foreign transaction fee credit cards of April 2020:

Best Credit Card Offers with No Foreign Transaction Fee (2020)

Overall, and if you’re not looking for a card that earns travel rewards, and want to avoid paying annual fees (more on those options below), your best bet for a credit card with no foreign transaction fee is the Capital One® SavorOne® Cash Rewards Credit Card. This card has no annual fee, and charges no foreign transaction fees (a feature of every Capital One card, by the way!). While you can’t turn these rewards into airline miles, the card is still rewarding for spend, as it offers 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases. When traveling abroad, it’s safe to assume that a significant number of your expenses will qualify as dining and entertainment. So, not only does this card save you up to 3% fee that other cards levy, but you can then earn quite a bit in cashback.

The Bank of America® Travel Rewards Visa® credit card is a great alternative, and also has no annual fee. If you don’t spend a significant amount on dining, entertainment and groceries, this card could be more compelling since it offers a flat 1.5 points per dollar for every purchase. If you happen to be a Bank of America Preferred Rewards member, this card can get even more lucrative by offering 25% – 75% more points on every purchase. Earning anywhere from 1.875% to 2.625% on non-bonused spend for a no annual fee card is very impressive.

If you only travel internationally once or twice a year, your goal may be quite simple: eliminate the need to pay an extra 1% – 3% in foreign transaction fees during your travels. This is a relatively simple goal to achieve, and there’s no need to spend hundreds of dollars on annual fees to accomplish it! Here are the best credit card offers with no foreign transaction fees:

Earn 75,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card

Hilton Honors American Express Card

Foreign Transaction Fee: None
Annual Fee: $0
Terms Apply.
on American Express' secure site
Why we like this card

This is a great bonus for a no-annual-fee card, and the earnings structure can make this a very rewarding card if you want to earn points for Hilton properties.

Read our Review

Card Details

  • Earn 75,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
  • Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with a hotel or resort within the Hilton Honors portfolio of brands.
  • Earn 5X Hilton Honors Bonus Points for each dollar of eligible purchases at U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
  • Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
  • No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
  • Enjoy complimentary Hilton Honors Silver status with your Card. Plus, spend $20,000 on eligible purchases on your Card in a calendar year and you can earn an upgrade to Hilton Honors Gold status through the end of the next calendar year.
  • No Annual Fee.
  • Terms Apply.
on American Express' secure site
Exclusively for Costco Members: Go Big with Cash Back Rewards

Costco Anywhere Visa® Card by Citi

Foreign Transaction Fee: 0%
Annual Fee: $0
on Citi's secure site
Why we like this card

The new Costco Citi cards have a great rewards structure for Costco loyalists. The bonus categories are compelling, and while it’s still not a card I’d personally use for everyday spend this is a solid option for Costco members.

Read our Review

Current Offer
• Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
• 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
• 3% cash back on restaurants and eligible travel purchases
• 2% cash back on all other purchases from Costco and Costco.com
• 1% cash back on all other purchases
• No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
• Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
• The standard variable APR for Citi Flex Plan is 15.24%. Citi Flex Plan offers are made available at Citi's discretion.

on Citi's secure site

Best Travel Credit Card Offers with No Foreign Transaction Fee (2020)

I remember back in the day when it was rare for a card not to have foreign transaction fees. The fact that a card didn’t have foreign transaction fees was reason enough to use it for purchases abroad. Nowadays you have all kinds of great credit cards that not only have no foreign transaction fees, but offer other benefits for purchases abroad. These usually come with at least a small annual fee, but the increased points earning quickly offsets those costs for frequent travelers.

Whether you value rewards for spending abroad, or coverage when travel goes awry, you have many options to choose from. Many of these cards do carry an annual fee and have constantly changing introductory offers that can also influence your decision. We keep this page up to date, so here are the best travel rewards credit cards with no foreign transaction fee:

Earn 100,000 bonus miles

New United Club℠ Infinite Card

Limited-Time offer ends 5/18/2020
Foreign Transaction Fee: $0
Annual Fee: $525
on Chase's secure site
Why we like this card

Current Offer

  • Earn 100,000 Bonus Miles.
  • New Earn 4 miles per $1 spent on United purchases including tickets, Economy Plus, inflight food, beverages and Wi-Fi, and other United charges.
  • New Earn 2 miles per $1 spent on all other travel
  • New Earn 2 miles per $1 spent on dining
  • Earn 1 mile per $1 spent on all other purchases
  • New Up to $100 Global Entry or TSA PreCheck™ Fee Credit
  • Free first and second checked bags - a savings of up to $320 per roundtrip
  • 25% back as a statement credit on purchases of food, beverages and Wi-Fi onboard United-operated flight when you pay with your Club Card.
on Chase's secure site
Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Surpass® Card

Hilton Honors American Express Surpass® Card

Foreign Transaction Fee: None
Annual Fee: $95
Terms Apply.
on American Express' secure site
Why we like this card

Being a cardmember provides you complimentary Gold status, which gets you free breakfast and upgrades at Hilton properties across the world

Read our Review

Card Details

  • Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Surpass® Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
  • Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 on purchases on your Card in a calendar year.
  • Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton Portfolio.
  • Earn 6X Hilton Honors Bonus Points for each dollar of eligible purchases on your Card at U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
  • Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
  • Spend $40,000 on eligible purchases on your Card in a calendar year and you can earn Hilton Honors Diamond status through the end of the next calendar year.
  • $95 annual fee.
  • Terms Apply.
on American Express' secure site
Earn 70,000 American Airlines AAdvantage® bonus miles

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

Limited Time Offer
Foreign Transaction Fee: 0%
Annual Fee: $99, waived for first 12 months
on Citi's secure site
Why we like this card

This is a fantastic bonus, especially as these miles can be pooled with any miles you’re earning on your personal account.

Read our Review

Current Offer
• Designed for businesses
• Limited Time Offer: Earn 70,000 American Airlines AAdvantage® bonus miles after spending $4,000 in purchases within the first 4 months of account opening.
• First checked bag is free on domestic American Airlines itineraries to reduce travel costs and boost your bottom line.
• 25% savings on American Airlines inflight Wi-Fi when you use your card
• Enjoy preferred boarding on American Airlines flights
• Earn 2 AAdvantage® miles per $1 spent on eligible American Airlines purchases
• Earn 2 AAdvantage® miles per $1 spent on purchases at telecommunications merchants, cable and satellite providers, car rental merchants and at gas stations.
• Earn 1 AAdvantage® mile per $1 spent on other purchases
• No Foreign Transaction Fees

on Citi's secure site
Earn 30,000 Bonus Points

Marriott Bonvoy Bold™ Credit Card

Foreign Transaction Fee: $0
Annual Fee: $0
on Chase's secure site
Why we like this card

As no-fee Marriott co-brand card, with no foreign transactions, this card is a nice alternative if you want to keep your Marriott points alive without having to worry about annual fees. The 15 Elite Night Credits each calendar year qualifies you for Silver Elite status, and helps you achieve a higher level of status with Marriott.

Read our Review

Current Offer
Earn 30,000 Bonus Points after spending $1,000 on purchases in your first 3 months from account opening.

Card Details
Earn 3X points for every $1 spent at 7,000+ hotels participating in Marriott Bonvoy™ and 2X points on other travel purchases (from airfare to taxis and trains).

on Chase's secure site
Earn 75,000 bonus points

Marriott Bonvoy Brilliant™ American Express® Card

Foreign Transaction Fee: $0
Annual Fee: $450
The card details for the Marriott Bonvoy Brilliant card have been collected independently by OMAAT and have not been reviewed or provided by the card issuer.
on American Express' secure site
Why we like this card

Current Offer
Earn 75,000 bonus Marriott Bonvoy points after you use your new Card to make $3,000 in purchases within the first 3 months.

Card Details
• Earn 6x points on eligible purchases at participating Marriott hotels
• Earn 3x points at U.S. restaurants and on flights booked directly with airlines.
• Earn 2x points on all other eligible purchases
• Enjoy up to $300 in statement credits each year of Card Membership for eligible purchases at participating Marriott hotels
• Receive 1 Free Night Award every year after your Card account anniversary valid for redemption for a single night up to 50,000 points.
• Complimentary Gold Elite Status

on American Express' secure site
Earn 75,000 Bonus Points

Marriott Bonvoy Boundless™ Credit Card

Foreign Transaction Fee: $0
Annual Fee: $95
on Chase's secure site
Why we like this card

The way I view it, this is a card that’s worth holding onto for the anniversary free night certificate, valid at a hotel that retails for up to 35,000 Marriott points per night. That benefit alone should more than justify the annual fee.

Read our Review

Current Offer
Earn 75,000 Bonus Points after spending $3,000 on purchases in your first 3 months from account opening.

Card Details
Earn 6X points for every $1 spent at over 7,000 hotels participating in Marriott Bonvoy™ and 2X points on all other purchases.

on Chase's secure site
Earn 40,000 points

Southwest Rapid Rewards® Priority Credit Card

Foreign Transaction Fee: $0
Annual Fee: $149
on Chase's secure site
Why we like this card

Read our Review

Current Offer
Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open.

Card Details
2 points per $1 spent on Southwest® purchases and Rapid Rewards® hotel and car rental partner purchases. 1 point per $1 spent on all other purchases.

on Chase's secure site
Receive United Club℠ Membership

United Club℠ Business Card

Foreign Transaction Fee: $0
Annual Fee: $450
The card details for the United Club℠ Business Card have been collected independently by OMAAT and have not been reviewed or provided by the card issuer.
on Chase's secure site
Why we like this card

This card is great if you fly on United quite often as you receive United Club membership, earn 1.5 United miles on everyday transactions, and receive Premier Access® benefits when traveling on United-operated flights.

Current Offer
50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open

Card Details
Get United Club Access -- up to a $550 value per year; 2X miles per $1 spent on United purchases; 1.5X miles per $1 spent on all other purchases; Free first and second checked bags

on Chase's secure site
50,000 AAdvantage miles

AAdvantage® Aviator™ Red World Elite Mastercard®

Foreign Transaction Fee: $0
Annual Fee: $95
The card details for the AAdvantage® Aviator™ Red World Elite Mastercard® have been collected independently by OMAAT and have not been reviewed or provided by the card issuer.
Why we like this card

Read our Review

Current Offer
Earn 50,000 AAdvantage® bonus miles after making your first purchase in the first 90 days and paying the $99 annual fee. Plus earn an introductory Companion Certificate good for 1 guest at $99 (plus taxes and fees) after making your first purchase in the first 90 days and paying the $99 annual fee.

Card Details
Earn 2X miles on eligible American Airlines purchases; Earn 1X miles on all other purchases; First checked bag free and preferred boarding for the primary cardmember and up to 4 companions on eligible bags when traveling on domestic itineraries operated by American Airlines; Receive 25% inflight savings on food and beverages; Get up to $25 back as statement credits on inflight Wi-Fi purchases every anniversary year on American Airlines operated flights

60,000 bonus miles

United℠ Explorer Card

Foreign Transaction Fee: $0
Annual Fee: $95
on Chase's secure site
Why we like this card

This card comes with some worthwhile benefits for United flyers, especially the PQD waiver for $25k in annual spend.

Read our Review

Current Offer
60,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.

Card Details
Earn 2 miles per $1 spent at restaurants, on hotel stays and on purchases from United. 1 mile per $1 spent on all other purchases

on Chase's secure site
Earn 40,000 points

Southwest Rapid Rewards® Premier Credit Card

Foreign Transaction Fee: $0
Annual Fee: $99
on Chase's secure site
Why we like this card

Southwest’s Rapid Rewards program is revenue based, so these points will get you quite a bit of credit towards travel on Southwest. While Rapid Rewards points aren’t the most aspirational currency, they are extremely practical. This sign-up bonus can be especially valuable if you’re going for Southwest Companion Pass.

Current Offer
Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open.

Card Details
2 points per $1 spent on Southwest® purchases and Rapid Rewards® hotel and car rental partner purchases. 1 point per $1 spent on all other purchases.

on Chase's secure site
Earn up to 100,000 bonus Avios

British Airways Visa Signature® Card

Foreign Transaction Fee: $0
Annual Fee: $95
on Chase's secure site
Why we like this card

British Airways has a distance-based award chart which is extremely lucrative for short-haul travel, as awards outside North America start at just 4,500 Avios one-way. Given that short flights are often disproportionately expensive when paying cash, I’ve found Avios to be invaluable.

Read our Review

Current Offer

  • Earn 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months from account opening.
  • Plus earn an additional 50,000 bonus Avios after you spend $20,000 on your purchases within your first year of account opening.
  • 3 Avios per $1 spent on purchases with British Airways, Aer Lingus, Iberia, and LEVEL
  • 2 Avios per $1 spent on hotel accommodations, plus 1 Avios per $1 spent on all other purchases.
  • 10% off British Airways flights starting in the US when you book by March 31, 2020
  • Every calendar year you make $30,000 in purchases on your British Airways Visa card, you'll earn a Travel Together Ticket good for two years.
  • Pay no foreign transaction fees when you travel abroad.
  • Simply tap to pay with your contactless British Airways Visa Signature Card. Just look for the contactless symbol at checkout. It's fast, easy and secure!
on Chase's secure site
30,000 in Brex Rewards points

Brex for Startups

Foreign Transaction Fee: N/A
Annual Fee: No Fees for Life*
on Brex's secure site
Why we like this card

Read our Review

Current Offer

  • 30,000 in Brex Rewards points upon signup and waived card fees for life (equal to $300+ value)*
  • No personal guarantee needed - we do not ask for a personal credit check or security deposit during the application.
  • Credit limits 10-20x higher than traditional small business corporate cards.
on Brex's secure site
30,000 in Brex Rewards points

Brex for Ecommerce

Foreign Transaction Fee: N/A
Annual Fee: No Fees for Life*
on Brex's secure site
Why we like this card

Current Offer

  • 30,000 in Brex Rewards points upon signup and waivedcard fees for life (equal to $300+ value) *
  • 60-day interest-free non-revolving credit for e-commerce businesses. Pay for your inventory today and you'll have 60 days to pay Brex back.
  • Credit card limit is up to 75% of your business's monthly sales (with maximum credit limit of $5 million).
  • $100,000 in monthly sales required to qualify for Brex.
  • No personal guarantee needed - we do not ask for a personal credit check or security deposit during the application.
  • Instant approvals and access a virtual card immediately for online and recurring transactions. Seamlessly add new users, issue new cards, and set specific spending limits.
  • Enjoy worldwide acceptance with no foreign transaction fees.
  • Make employee expenses seamless - automated receipt-capture and expense matching and reconciliation via text and email.
  • Simplify reconciliation with built-in integrations with Quickbooks, Xero and more.
  • Never liable for unauthorized transactions. Your account stays secure with 24/7 real-time fraud monitoring.
on Brex's secure site
Earn 50,000 American Airlines AAdvantage® bonus miles

Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®

Foreign Transaction Fee: 0%
Annual Fee: $99, waived for first 12 months
on Citi's secure site
Why we like this card

Read our Review

Current Offer
• Earn 50,000 American Airlines AAdvantage® bonus miles after $2,500 in purchases within the first 3 months of account opening
• Earn 2 AAdvantage® miles for every $1 spent at gas stations and restaurants
• Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases
• Earn a $125 American Airlines Flight Discount after you spend $20,000 or more in purchases during your cardmembership year and renew your card
• No Foreign Transaction Fees
• First checked bag is free on domestic American Airlines itineraries for you and up to four companions traveling with you on the same reservation
• Enjoy preferred boarding on American Airlines flights
• The standard variable APR for Citi Flex Plan is 15.99% - 24.99%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

on Citi's secure site
Enjoy United Club℠ membership

United Club℠ Card

Foreign Transaction Fee: $0
Annual Fee: $450
The card details for the United Club℠ Card have been collected independently by OMAAT and have not been reviewed or provided by the card issuer.
on Chase's secure site
Why we like this card

This card is great for United flyers, as you get an included United Club membership, earn 1.5-2 miles per $1 on all transactions, and receive Premier Access® benefits when traveling on United-operated flights.

Current Offer
50,000 bonus miles after you spend $3,000 on purchases in the first 3 months from account opening.

Card Details
United ClubSM membership – up to a $550 value per year; Earn rewards faster with 1.5 miles per $1 spent on purchases; Earn even more miles on tickets purchased from United – 2 miles per $1 spent; Free first and second checked bags

on Chase's secure site

When choosing the best credit card with no foreign transaction fees, introductory offers, bonus categories and trip delay insurance are all benefits that should factor into your decision. There are at least a dozen attractive options that can help you start avoiding these fees before your next trip.

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