Update: These offers for the Citi Premier℠ Card and Wells Fargo Propel American Express® Card have expired. Learn more about the current offers here.
Yesterday I wrote a post about the best travel rewards credit cards with no foreign transaction fees. Nowadays it’s not only quite easy to avoid foreign transaction fees, but to combine that with useful bonus categories and great travel protection.
As I concluded yesterday, I’d say the Citi Premier℠ Card and Chase Sapphire Reserve® are the two best credit cards with no foreign transaction fees, given that they have great travel protection and offer bonus points on dining, travel, and more.
Both of those cards have annual fees, which I consider to be well worth it. However, some people may not travel internationally so often and don’t believe in the value of credit cards with annual fees, and may just want a no annual fee card with no foreign transaction fees.
So in this post I wanted to look at what I consider to be the best no annual fee credit cards that also have no foreign transaction fees.
This no annual fee card offers 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases. Earning 3% back on dining and entertainment is a bonus category that would prove useful to many people making purchases abroad, so I think this is one of the all around best no annual fee options out there.
This no annual fee card offers 4% back on dining, 3% back on hotels and airfare, 2% back for online purchases, and 1% back for everything else. For a no annual fee card with no foreign transaction fees, that’s an excellent return.
This card offers a flat 1.5% cash back with no limits. While there are no bonus categories, earning 1.5% back internationally with no foreign transaction fees is pretty good.
This card offers a flat 2% cash back with no limits. While there are no bonus categories, earning 2% back internationally with no foreign transaction fees is excellent. Note that you’ll need a PayPal account to get approved, and this card is also issued by Synchrony Bank, which can be a tricky issuer.
This card offers 3x points on dining, travel, gas stations, and streaming services, which covers a lot of the purchases many may make while abroad. Points can be redeemed for one cent each towards statement credits, gift cards, or travel.
This is one of the few no annual fee (Rates & Fees) travel rewards cards to not have foreign transaction fees, and also one of the few Amex cards to have this feature. The card offers 3x Hilton Honors points per dollar spent abroad.
The one thing I’d note is that Amex doesn’t have the same global acceptance as other issuers, so I wouldn’t rely on this card solely if traveling internationally.
This card offers 3x points on JetBlue purchases, 2x points on restaurants and grocery stores, and 1x points on all other purchases. That makes this a pretty well rounded card for foreign purchases, given the lack of foreign transaction fees.
The above aren’t the only no annual fee cards with no foreign transaction fees, though they are the ones that I consider to be the all around most rewarding for those purposes. Of no annual fee cards I can think of:
- The PayPal Cashback Mastercard and Capital One® Quicksilver® Card offer a solid cash back return with no foreign transaction fees
- The Hilton Honors™ Card from American Express and JetBlue Card are the best travel rewards cards in this category, and JetBlue Card even offers 2x points on restaurants and grocery stores
- The Capital One® SavorOne(SM) Cash Rewards Credit Card and Uber Visa Card have useful bonus categories (like bonus cash back on dining), which those traveling internationally could benefit from
- The Wells Fargo Propel American Express® Card offers triple points on dining and travel, which is huge for international purchases, though the one issue is that Amex doesn’t have great acceptance globally
Here are some of the other cards that have no annual fees and no foreign transaction fees, though I consider the ones listed above to be the most generous.
Let me know if there are any other cards that you think beat the above for the purposes of foreign purchases.
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: Hilton Honors American Express Card (Rates & Fees).