The Best No Annual Fee Cards With No Foreign Transaction Fees

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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.

Capital One® SavorOne(SM) Cash Rewards Credit Card

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.

Uber Visa Card

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.

Capital One® Quicksilver® Card

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.

PayPal Cashback Mastercard

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.

Wells Fargo Propel American Express® Card

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.

Hilton Honors™ Card from American Express

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.

JetBlue Card

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.

Bottom line

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:

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.

No foreign transaction fees AND no annual fee cards

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).

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Comments

  1. Bank of America has a visa Travel Rewards card through AAA offers 0% foreign, 3x any travel, 2x gas, grocery, pharmacy and 1x on anything else.

  2. put capitol one quicksilver card as one of the best no af card lower your liability in the industry.

    agree some of the cards but misleading readers especially newbies isn’t nice.

    where is BOA card?

  3. I’m a fan of the First Tech FCU Choice Rewards or Platinum cards as a fallback card because they offer true primary chip+PIN, and have no annual fee or foreign exchange fee. Useful for offline kiosks, or systems that try to use chip+sig but then it doesn’t work (I’ve had his happen, and having secondary chip+PIN like Barclays cards have won’t help).

  4. That Uber card is 3% for anything travel related, not just hotels and airfare. I have the card and it’s awesome. I’ve used it for hostels, travelocity, train travel, etc… The 4% back for dining also includes places like your morning coffee, bars, anything restaurant related.

  5. Lucky, there is typo in Paypal cashback mastercard. You wrote Flat “12% Cashback with no limits” instead of 2% cashback. I wish there would be a card someday with that much cash back offer 🙂

  6. Surprised not to see the Amazon Visa on here – good rewards and no foreign transaction fees with no annual fee.

  7. WOW. AMAZING.
    ANOTHER PRODUCT PUSHER just like TPG. Left out a bunch of rewards cards with no annual fee and no forex. You left them out because they give you ZERO COMMISSIONS.

  8. I just applied for and received the CapitalOne SavorOne card even though I’m retired with only mostly Social Security income. But I have no debts and good credit. Just FYI

  9. Check the valuation of Uber points. Not very good. So you may earn 4% back but the value of the points is lower than on other cards.

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