Maria Adams, Credit Cards Moderator
@m_adams
Most Bank of America Mastercard credit cards charge a foreign transaction fee of 3% on all international transactions. Some exceptions include the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card and a few co-branded travel cards, which come with a $0 foreign transaction fee.
At 3%, the Bank of America Mastercard foreign transaction fee is too steep for anyone planning to make international purchases, but the cards that charge it are meant more for everyday spending than travel.
Alternative Credit Card Options
If you’re a frequent traveler, you should consider getting the Bank of America® Travel Rewards credit card or the Bank of America® Premium Rewards® credit card as they both have 0% foreign transaction fees.
Although they're Visa credit cards, the worldwide acceptance is pretty much the same. Plus, they're better suited for occasional travelers or people who spend on many different categories.
People also ask
What is the Mastercard foreign transaction fee?
The Mastercard foreign transaction fee is usually 0% or 3%, depending on which card you have and the bank or credit union that issued it. Generally, foreign transaction fees apply every time you make a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant. So, if you’re travelling a lot, make sure to get a Mastercard that doesn’t charge this fee.
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