Best Credit Cards With Zero Foreign Transaction Fees

Compare our hand picked best offers for credit cards with no foreign transaction fees and apply online.

Best credit cards with zero foreign transaction fees. So while a handy figure to compare the cost of borrowing with different cards the apr doesn t tell the whole story. For a great all around travel card it s hard to beat the capital one venture rewards credit card. In fact this card was named the best travel card of 2018 by cnbc thanks in large part to its generous one time bonus on purchases made in the first three months it also comes with no annual fee for the first year followed by a relatively low fee in subsequent years. Given that 99 of canadian credit cards charge this fee it may surprise you that a few cards used to exist that charged absolutely nothing in foreign exchange fees other than the small spread the bank itself pays.

Don t let fees ruin your trip abroad. These foreign transaction fees are typically around 3 of the purchase. Most credit cards tack an extra charge onto all purchases made outside the united states. This card is free of foreign transaction fees and annual fees which is a major plus.

This is usually a percentage of what you re spending. After accounting for foreign transaction fees that works out to about a 0 5 return on purchases made in a non canadian currency so you ll still come out ahead. A 0 foreign fees credit card may have a higher apr than other types of credit cards but it will save you quite a lot in fees if you travel often and don t carry a balance on the card. Capital one ventureone rewards credit card.

Best 0 credit cards. The meridian visa infinite travel rewards card isn t a no foreign transaction fee credit card per se but it does offer 3 in rewards points on foreign purchases. Cash withdrawal fees abroad. Some credit card companies do not charge foreign transaction fees on any of their cards including capital one discover and usaa.

Best credit cards with no foreign transaction fees of august 2020 we evaluated 127 popular credit cards offered by major banks financial companies and credit unions that allow anyone to join and. Major credit card foreign transaction fees range from 0 to 3 of each purchase processed internationally. Unfortunately those cards have done a disappearing act. 0 foreign transaction fees credit cards in canada.

It s best to look for credit cards with no foreign transaction fees when searching for the best travel credit card.