Credit Cards That Waive Foreign Transaction Fees

A decade ago finding credit cards with no foreign transaction fees was a challenging task.

Credit cards that waive foreign transaction fees. Let s take a bank by bank approach to compare your options. Some credit card issuers like capital one and discover waive foreign transaction fees on all cards. 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. Typically travel focused credit cards are most likely to waive foreign transaction fees.

Citi aadvantage platinum select world elite mastercard. Whether you re a business owner with overseas vendors or you re planning a vacation for later in the year a card with no foreign transaction fees can help you avoid unnecessary charges. The no fee card doesn t waive its foreign transaction fees per se but offers an accelerated earn rate of 2 5 on all international purchases which effectively means you ll break even on any purchases made in a non canadian currency since fx fees are usually 2 5. If you plan to make foreign transactions whether during a trip or online consider getting a card that waives foreign transaction fees.

Not only does this card have no foreign transaction fees but it also offers an extensive portfolio of luxury travel benefits including an annual up to 200 airline fee credit monthly uber credits up to 200 annually reimbursement for global entry or tsa precheck application fees every four years up to 100 and access to. Other issuers will waive foreign transaction fees or the network s currency conversion fees on specific cards. Even cards with no annual fee waive the foreign transaction fee these days. Why we like it.

Unfortunately those cards have done a disappearing act. The good news is that there are now a number of credit cards that have no foreign transaction fees that are aimed at all kinds of customers not just those with the best credit. There are 5 citi cards that do not have annual fees for military. These cards may also offer travel rewards and cardholder perks such as travel insurance.

No foreign transaction fees. By my tally there are now at least 11 credit cards from major issuers that waive foreign transaction fees and also don t charge annual fees. Citi credit cards waive annual fees for military personnel and military spouses to comply with the citi military lending act. Thankfully that s no longer the case as many banks waive the maximum 3 fee on non united states purchases.