What are the Best Credit Cards with No Foreign Transaction Fees?

If you are someone who travels frequently or shops online from foreign websites, it is essential to have a credit card that does not charge foreign transaction fees. These fees can add up quickly and significantly increase the cost of your purchases or trips. Fortunately, there are severalcredit cardsavailable in the market that offerno foreign transaction fees. In this article, we will discuss some of the best credit cards with no foreign transaction fees.

1. Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is an excellent choice for frequent travelers. It offers no foreign transaction fees and provides valuable travel benefits, including trip cancellation insurance, baggage delay insurance, and rental car insurance. Additionally, it rewards cardholders with 2xpointson travel and dining purchases and 1x point on all other purchases. The card has an annual fee of $95, which is waived for the first year.

2. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is another great option for travelers. It offers no foreign transaction fees and rewards cardholders with 2x miles on all purchases. The miles can be redeemed for travel purchases, statement credits, or transferred to airline partners. The card also provides travel benefits, including travel accident insurance and auto rental collision damage waiver. The card has an annual fee of $95, which is waived for the first year.

3. Discover it Miles

The Discover it Miles card is an excellent choice for those who want a no-annual-fee credit card with no foreign transaction fees. It rewards cardholders with 1.5x miles on all purchases, and the miles can be redeemed for travel purchases or statement credits. Additionally, the card offers a unique feature called "Mile-for-Mile Match," which matches all the miles earned in the first year of card membership. The card also provides travel benefits, including travel accident insurance and auto rental collision damage waiver.

4. American Express Platinum Card

The American Express Platinum Card is a premium credit card that offers no foreign transaction fees and provides a host of valuable travel benefits. It rewards cardholders with 5x points on flights booked directly with airlines or with American Express Travel and 5x points on prepaid hotels booked on amextravel.com. Additionally, the card provides access to airport lounges worldwide, including Centurion Lounges, Delta Sky Clubs, and Priority Pass Select lounges. The card has an annual fee of $550, but it provides up to $200 in annual airline fee credits and up to $200 in Uber credits.

When applying for a credit card, it is crucial to consider the annual fee, rewards program, and travel benefits. It is also essential to use your credit card responsibly and avoid carrying a balance to avoid interest charges. Additionally, you should monitor your credit card statements regularly to detect any unauthorized charges and report them immediately to your credit card issuer.

In conclusion, having a credit card with no foreign transaction fees can save you money and make your travels more comfortable. The Chase Sapphire Preferred Card, Capital One Venture Rewards Credit Card, Discover it Miles, and American Express Platinum Card are some of the best credit cards with no foreign transaction fees. Before applying for a credit card, make sure to read the terms and conditions carefully and choose the one that best suits your needs and preferences.