Which Bank of America cards have no foreign transaction fees?

The Bank of America Travel Rewards credit card foreign transaction fee is 0%. This fee applies to all three Bank of America “Travel Rewards” cards: the Bank of America Travel Rewards credit card, the Bank of America® Travel Rewards credit card for Students, and the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card. International purchases made with any of these cards are not subject to a foreign transaction fee.

Plus, there are other Bank of America credit cards with travel rewards and no foreign fee, like the Bank of America® Premium Rewards® credit card. But there are also some cards, like the Bank of America® Customized Cash Rewards credit card for Students, that do charge a 3% foreign fee.... read full answer

Here’s What You Should Know About Foreign Transaction Fees

A foreign transaction fee is a surcharge, usually between 2%-4%, added to transactions processed outside of the United States. The transaction doesn’t need to be made on foreign soil in order for the fee to apply. Online purchases stateside through an internationally-based merchant also incur a fee.

Bank of America Travel Rewards Cards’ Foreign Transaction Fees:

• Bank of America Travel Rewards credit card: 0%
• Bank of America Travel Rewards for Students: $0
• Bank of America Travel Rewards Business Card: $0

It is also worth noting that some Bank of America cards offer bonus rewards on travel purchases booked through the Bank of America Travel Center.

The Bank of America Customized Cash Rewards credit card foreign transaction fee is 3%. The card’s foreign transaction fee can apply whether you travel to another country or you go shopping internationally through your computer.

Not every Bank of America credit card charges foreign transaction fees. The Bank of America® Travel Rewards credit card card has 0% foreign fees, for example, as does the Bank of America® Premium Rewards® credit card. So, they are better options to use for foreign purchases than Bank of America Customized Cash Rewards credit card.... read full answer

Bank of America Customized Cash Rewards credit card Foreign Transaction Fee Info:

• Foreign transaction fee: 3% of any purchase from a foreign-based merchant.
• When you owe the foreign transaction fee: In-person and online purchases processed internationally.
• Other Bank of America cards: Nearly 10 Bank of America credit cards have a 3% foreign transaction fee. All other BofA credit cards, including the Bank of America Travel Rewards credit card and the Bank of America Premium Rewards credit card, have 0% foreign transaction fees.

The Bank of America Customized Cash Rewards credit card foreign transaction fee isn’t the only fee you have to worry about with the Bank of America Customized Cash Rewards credit card. If you take out a cash advance, you will owe up to 5% of the transaction amount. Late payments will cost you up to $40. Plus, if you transfer a balance to the card, you’ll pay a fee equal to 3% of the amount. Fortunately, the Bank of America Customized Cash Rewards credit card has a $0 annual fee.

One of the best cash back credit cards with $0 foreign transaction fees is the Capital One Quicksilver Cash Rewards Credit Card, which gives a $200 bonus when you spend $500 in the first 3 months, plus 1.5% cash back on all purchases. You can also check our editors’ latest picks for the best no foreign transaction fee credit cards on the market to weigh your options.

The Visa foreign transaction fee is usually either 0% or 3%, depending on which Visa credit card or debit card you have. The Visa foreign transaction fee is typically 0% on travel rewards credit cards, which are built for spending all around the world. And some credit card companies, such as Capital One, don’t charge foreign fees on any of their cards, Visa or Mastercard. But many other Visa cards come with foreign transaction fees of 1%, 2% or even 3%. ... read full answer

If your Visa card does have a foreign transaction fee, you’ll have to pay it any time you make a purchase from a merchant that’s based in a country other than the U.S. So that means it applies to online purchases, too.

While it’s difficult to list every Visa’s foreign transaction fee – the are a ton of Visa cards – we can go over a few popular examples.

Here are some Visa foreign transaction fees:

• All Capital One Visa cards: $0 foreign fee
• All USAA Visa cards: 0% foreign fee
• All PenFed Visa cards: 0% foreign fee
• Chase Sapphire Preferred® Card: $0 foreign fee
• Bank of America® Travel Rewards credit card for Students: $0 foreign fee
• Bank of America® Premium Rewards® credit card: 0% foreign fee
• Chase Freedom Unlimited®: 3% of each transaction in U.S. dollars foreign fee
• Wells Fargo Reflect® Card: 3% foreign fee
• Credit One Bank® Platinum Visa®: 3% or $1, whichever is greater foreign fee

As you can see, there are a lot of opportunities to get a Visa card with no foreign transaction fee. That’s definitely a good idea before traveling (or shopping) abroad, since Visa is accepted just about everywhere that takes credit cards worldwide.