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    Top 10 Best Credit Cards with No Foreign Transaction Fee

    Eman FatimaBy 12 Mins ReadUpdated:
    Credit Cards with No Foreign Transaction Fee

    Summary: The “Top 10 Credit Cards with No Foreign Transaction Fee” offers various options for travelers seeking to avoid unexpected fees abroad. These cards provide rewards, no or less annual fees, and other benefits to cater to different spending habits and financial needs.

    Traveling overseas is an interesting adventure, however, unexpected fees can quickly spoil your journey. One hidden fee to be aware of is foreign transaction charges.

    Things to consider when choosing Best Credit Cards with no foreign transaction fees:

    • Annual fees: Some cards with no foreign transaction fees have annual fees, while others do not. Decide if the rewards and benefits justify the annual fee.
    • Rewards programs: Many cards with no foreign transaction fees also offer rewards programs, such as cashback or travel points. Choose a card that offers rewards that align with your spending habits.
    • Interest rates: If you plan to carry a balance on your card, be sure to choose a card with a low interest rate.
    • Creditworthiness: Cards with the best rewards and benefits typically require good or excellent credit.
    • Foreign acceptance: Consider which payment networks (Visa, Mastercard, American Express, and Discover) are most widely accepted in your destination country.

    1. Capital One Quicksilver Cash Rewards Credit Card:

    Quicksilver from Capital One
    Image Source: CNET
    • Rewards: Earns 1.5% cash back on all purchases.
    • Annual Fee: $0
    • Interest Rate: 17.99% – 26.99% (Variable)
    • Network: Mastercard
    • Who’s it for? Anyone who wants a simple, no-fee card with cash back on all purchases.
    ProsCons
    No annual fee: Good for people who don’t want to pay extra charges.Lower cash back compared to some cards: Other cards give more rewards.
    Flat-rate cash back: Get 1.5% cash back on all purchases. No need to track categories.No intro APR offer: You don’t get a period with no interest.
    Wide acceptance: Accepted at most stores worldwide.Variable interest rate: Interest rates can change, meaning higher charges.
    Cell phone protection: Protects your phone from theft or damage.Security deposit required for secured version: If you have limited credit history, you might need to put down a deposit.
    Extended warranty: Gives you more time for warranty on purchases.
    Purchase security: Helps if your purchase is stolen or damaged.
    click here to apply

    2. Capital One Venture Rewards Credit Card:

    Capital One Venture Rewards Credit Card
    • Rewards: Earn 2 miles per dollar spent on all purchases
    • Annual Fee: $95
    • Interest Rate: 19.99% – 29.99% (Variable)
    • Network: Mastercard
    • Who’s it for? Good choice for frequent travelers who value flexibility in redeeming travel rewards.
    ProsCons
    Earns miles on all purchases: You get 2 miles per dollar spent on every purchase, no matter what you buy. This is simple and good for people who don’t want to track spending categories.Annual fee of $95: The card costs $95 every year. While it can be worth it for frequent travelers, it might not be worth it for occasional travelers or those who like cash back.
    Flexible redemption options: Use your miles for flights, hotels, car rentals, and more through Capital One Travel or directly with travel providers. You can use your rewards for the travel you want.Variable interest rate: The interest rate on purchases and balance transfers can change based on your creditworthiness. If you don’t pay your balance in full, you might pay more in interest.
    No foreign transaction fees: You don’t pay extra fees when you buy things in foreign currencies. You only pay the regular exchange rate.Rewards might not be as good for non-travelers: If you don’t travel a lot, the card might not be as valuable compared to cards with cash back or other rewards.
    Wide acceptance through Mastercard network: The card works at many stores worldwide, which is good for travel and everyday shopping.
    click here to apply

    3. Discover it® Cash Back:

    Discover it® Cash Back
    • Rewards: Earns 5% cash back in rotating bonus categories, 1% on all other purchases.
    • Annual Fee: $0
    • Interest Rate: 16.99% – 27.99% (Variable)
    • Network: The Discover it® Cash Back is accepted at millions of merchants worldwide that display the Discover and Diners Club International acceptance marks. In some regions, particularly Asia, the card might also be accepted at merchants displaying the UnionPay or JCB logos.
    • Who’s it for? Shoppers who want to maximize cash back in rotating categories and avoid foreign transaction fees.
    • While Discover itself doesn’t charge foreign transaction fees, the merchant or your ATM provider might. It’s crucial to inquire about any fees before making a transaction.
    • Many countries outside the US use chip and PIN technology for card transactions. If your Discover it® Cash Back card doesn’t have a chip and PIN functionality, you might not be able to use it at certain merchants or ATMs. It’s recommended to verify with Discover if your card has a chip and PIN enabled and obtain a PIN if necessary before traveling.
    ProsCons
    High cash-back: Earn 5% cash back in rotating bonus categories. Boosts rewards if used strategically.Rotating bonus categories: Requires planning and tracking to maximize rewards.
    No annual fee: Good for people who don’t want extra charges.Lower cash back on non-bonus purchases: Only get 1% cash back outside bonus categories.
    Wide acceptance: Discover is accepted at many stores worldwide.Activation required for bonus categories: Must activate bonus categories each quarter.
    Cell phone protection: Protects your phone from theft or damage.Security deposit required for secured version: Need a deposit for limited credit history.
    Free access to FICO score: Monitor your credit score without extra fees.
    click here to apply

    4. Deserve® EDU Mastercard® for Students:

    Deserve® EDU Mastercard® for Students
    • Rewards: Earns 1% cash back on all purchases.
    • Annual Fee: $0
    • Interest Rate: 16.25% – 24.25% (Variable)
    • Network:  The Deserve® EDU Mastercard® for Students enjoys excellent foreign acceptance due to its affiliation with the Mastercard® network.
    • Who’s it for? Students building credit who want a no-fee card with basic benefits like cell phone protection.
    ProsCons
    No annual fee: This is helpful for students on tight budgets.Lower credit limit: Comes with a lower credit limit compared to some student cards.
    Cell phone protection: Protects against theft or damage.No rewards program: Doesn’t offer cash back or points on purchases.
    Builds credit history: Responsible use helps build credit.Higher interest rates: Approval without a credit score might lead to higher rates.
    No credit score or SSN required: Accessible to international students.Limited benefits: Lacks travel insurance, purchase protection, or extended warranties.
    Mastercard network acceptance: Widely accepted worldwide.
    click here to apply

    5. Citi Double Cash Back Card:

    Citi Double Cash Back Card
    • Rewards: Earns 1% cash back on purchases, and another 1% when you pay your balance in full (effectively 2% total).
    • Annual Fee: $0
    • Interest Rate: 18.24% – 28.24% (Variable)
    • Network: Mastercard
    • Who’s it for? Value-conscious individuals who want a simple cash-back card with no foreign transaction fees.
    ProsCons
    Double Cash Back: Earn 2% cash back on all purchases.No Introductory APR Offer: No 0% APR period on purchases.
    No Annual Fee: Good for avoiding extra charges.Variable Interest Rate: Interest rate can change, leading to higher charges if you carry a balance.
    Wide Acceptance: Mastercard network ensures global acceptance.Lower Rewards Compared to Some Cards: Some cards offer higher rewards.
    No Foreign Transaction Fees: No extra fees on purchases in foreign currencies.Limited Benefits: Lacks additional benefits found in other cards.
    Simplicity: Easy-to-understand flat-rate cash-back system.
    click here to apply

    6. Fidelity Rewards Visa Signature Card:

    Fidelity Rewards Visa Signature Card
    • Rewards: Earns 2% cash back on purchases deposited in a Fidelity account (1% if not deposited).
    • Annual Fee: $0
    • Interest Rate: 16.49% – 25.49% (Variable)
    • Network: Visa
    • Who’s it for? Fidelity investors who want to maximize cash back on all purchases and avoid foreign transaction fees.
    ProsCons
    No annual fee: Appeals to those avoiding extra charges.Lower cash back compared to some cards: Other cards offer higher rewards.
    Flat-rate cash back: Earns 2% cash back on all purchases.Limited benefits: Lacks additional benefits found in premium cards.
    No foreign transaction fees: No extra charges on foreign purchases.Variable interest rate: Interest rates can fluctuate, potentially increasing charges.
    Additional benefits for Fidelity investors: Cash-back automatically deposited into qualifying Fidelity accounts.
    Visa network acceptance: Widely accepted worldwide.
    click here to apply

    7. Wells Fargo Autograph℠ Card:

    Wells Fargo Autograph℠ Card
    • Rewards: Earn points redeemable for travel, cash back, or merchandise.
    • Annual Fee: $0
    • Interest Rate: 17.24% – 27.24% (Variable)
    • Network: Visa
    • Who’s it for? Frequent travelers who want airport lounge access, travel insurance, and no foreign transaction fees, are willing to pay an annual fee.
    ProsCons
    No annual fee: Great for those avoiding extra charges.Lower rewards compared to some cards: Other cards offer higher rewards.
    Bonus rewards: Earn 3x points on various categories like restaurants, gas stations, and transit.Variable interest rate: Interest rate can fluctuate, potentially increasing charges.
    Points are redeemable for cash back, travel, gift cards, or merchandise.Points may not be as valuable for travel: Redemption value may be lower compared to travel-specific cards.
    No foreign transaction fees: No extra charges on foreign purchases.
    Cell phone protection: Protects against theft or damage.
    click here to apply

    8. Chase Sapphire Preferred® Card (Annual Fee Applies):

    Chase Sapphire Preferred® Card
    • Rewards: Earns points on travel and dining, transferable to travel partners or redeemed for cash back/travel.
    • Annual Fee: $95
    • Interest Rate: 19.24% – 29.24% (Variable)
    • Network: Visa
    • Who’s it for? Travel enthusiasts who want flexible rewards, travel insurance, and no foreign transaction fees, are willing to pay an annual fee.
    ProsCons
    Strong rewards program: Earns points on travel and dining, transferrable to valuable travel partners.Annual fee: $95 fee to consider against rewards and benefits.
    Travel benefits: Includes travel insurance, auto rental collision damage waiver, and airport lounge access.Variable interest rate: Rate fluctuations may lead to higher charges if you carry a balance.
    No foreign transaction fees: No extra charges on foreign purchases.Points transfer can be complex: Transferring points to travel partners may involve extra steps.
    Bonus points on travel booked through Chase: Earn extra points on Chase Ultimate Rewards® travel bookings.Lower rewards on non-travel and dining categories. Only 1 point per dollar spent.
    Points can be redeemed for cash back or statement credits. Offers flexibility in reward usage.
    click here to apply
    Step-by-Step Guide to Applying For a Tourist Visa to the UK 2024

    9. Bank of America® Travel Rewards Credit Card for Students:

    Bank of America® Travel Rewards Credit Card
    • Rewards: Earns points on travel and dining, redeemable for travel or cash back.
    • Annual Fee: $0
    • Interest Rate: 17.24% – 27.24% (Variable)
    • Network: Mastercard
    • Who’s it for? Students who travel occasionally and want a no-fee card with travel rewards and no foreign transaction fees.
    ProsCons
    No annual fee: Good for students on a tight budget.Lower rewards compared to some cards: Earns average points per dollar.
    Unlimited 1.5 points per dollar: Earn rewards on all purchases.Limited travel benefits: Lacks some travel perks like insurance or lounge access.
    No foreign transaction fees: No extra charges on foreign purchases.Variable interest rate: Rate fluctuations may lead to higher charges if you carry a balance.
    Redemption flexibility: Redeem points for various travel options.
    Cell phone protection: Protects against theft or damage.
    click here to apply

    10. Capital One Quicksilver Secured Credit Card:

    • Rewards: Earns 1.5% cash back on all purchases.
    • Annual Fee: $0 after the first year ($95 annual fee in the first year)
    • Interest Rate: 21.99% (Variable)
    • Network: Mastercard
    • Who’s it for? This card is a good option for those with limited credit history or a history of bad credit. By using the card responsibly and making payments on time, you can improve your credit score.
    ProsCons
    No annual fee: Good for those building credit.Security deposit required: Initial deposit becomes credit limit.
    Potential for credit limit increase: Capital One might increase the limit after responsible use.Lower credit limit compared to unsecured cards: Limits spending power initially.
    Builds credit history: Responsible use helps build credit.Variable interest rate: Fluctuations may lead to higher charges if you carry a balance.
    No foreign transaction fees: No extra charges on foreign purchases.Limited benefits: Lacks travel insurance, purchase protection, or extended warranties.
    click here to apply

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    I'm Eman Fatima, the owner of eftory.com. As a travel blogger and history teacher, I'm on a mission to explore my planet's beauty and hidden treasures while sharing the history behind destinations. Along with this, I want to make travel easy and hassle-free for adventurers across the globe.

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