Best No Foreign Transaction Credit Card
It also happens to be the best for travel rewards.
Best no foreign transaction 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. We evaluated 127 popular credit cards offered by major banks financial companies and credit unions that allow anyone to join and have no foreign transaction fees to find the best of the best. The best personal and business cards all with 0 foreign transaction fees selecting a credit card that doesn t charge foreign transaction fees is a real benefit for the traveler but there are so many credit cards without these fees the savvy traveler will want to choose a card that delivers more.
No foreign transaction fee cards tend to be a good choice for travel rewards with more than 80 earning at least 1 5 points or miles per dollar on travel purchases. For a great all around travel card it s hard to beat the capital one venture rewards credit card. Nerdwallet s credit cards team selects the best credit cards with no foreign transaction fee based on overall consumer value as evidenced by star ratings as well as their suitability for. The 2x points back on worldwide travel and dining out are some of the best travel rewards out there.
The good news is there are a few credit cards that offer no foreign transaction fees or return the fees to you as cash back ultimately helping frequent travellers put the 2 5 back into their. Nearly 60 of no foreign transaction fee cards charge no annual fee or waive the annual fee for the first year. Almost 70 of no foreign transaction fee cards have a minimum apr of between 15 and. Read in depth card description the scotiabank passport visa infinite was the first credit card from one of canada s big banks with no foreign transaction fees.
And because of the sapphire preferred s unique position as a chase ultimate rewards card you can earn a. Let s start by taking a look at our picks for the top credit cards for international. Combined with its welcome offer of 30 000 bonus points for new scotiabank cardholders and six free visits per year to priority pass airport lounges this card is a great choice for an all in one travel card. Scotiabank boasts about this credit card because it is the only major bank in canada that offers a credit card with no foreign transaction fees and airport lounge access.
When you spend 1 000 on the credit card within the first three months of ownership you ll earn 40 000 bonus points worth about 400.