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

Best Credit Cards with No Foreign Transaction Fees

When traveling abroad, using a credit card with noforeign transaction feescan save you money. These fees can add up quickly, and they are often hidden in the exchange rate, making it difficult to know how much you are actually paying. Here are some of the bestcredit cardswith no foreign transaction fees available on the market today.

Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is a popular choice for travelers because it offers a generous rewards program and no foreign transaction fees. Cardholders earn 2X points on travel and dining purchases and 1X point on all other purchases. The card also comes with a sign-up bonus of 60,000 points after spending $4,000 in the first three months.

Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is another great option for travelers. It offers 2X miles on all purchases, and there are no blackout dates or restrictions on when you can use your miles. The card also comes with a sign-up bonus of 50,000 miles after spending $3,000 in the first three months.

Discover it Miles

The Discover it Miles card is a good choice for those who want to earn miles without an annual fee. Cardholders earn 1.5X miles on all purchases, and Discover will match all of the miles you earn in the first year. There are no blackout dates or restrictions on when you can use your miles.

American Express Platinum Card

The American Express Platinum Card is a premium card that comes with a high annual fee, but it also offers a lot of perks for travelers. Cardholders earn 5X points on flights and hotels booked through Amex Travel, and there are no foreign transaction fees. The card also comes with access to airport lounges, a $200 annual travel credit, and more.

Tips for Applying for a Credit Card

When applying for a credit card, it's important to keep a few things in mind. First, make sure you have a good credit score. Most credit cards with no foreign transaction fees require good to excellent credit. You should also compare the rewards programs and fees of different cards to find the best one for your needs.

Saving Money with Credit Cards

Using a credit card with no foreign transaction fees can save you money when traveling abroad, but there are other ways to save as well. Some credit cards offer discounts on travel purchases, while others offer cash back on everyday purchases. It's also important to avoid carrying a balance on your credit card, as interest charges can quickly add up.

Avoiding Annual Fees and Risk

Credit cards with no foreign transaction fees may have an annual fee, so it's important to weigh the benefits against the cost. Some cards also come with other fees, such as balance transfer fees or late payment fees. It's also important to use your credit card responsibly and avoid overspending or carrying a balance.

Credit Card Company Recommendations

When choosing a credit card, it's important to consider the reputation of the credit card company. Some of the most well-known credit card companies include Chase, Capital One, Discover, and American Express. These companies offer a range of credit cards with different rewards programs and fees, so it's important to do your research before applying.