Keyaira Sutton, WalletHub Analyst
@keykey
The BankAmericard® credit card foreign transaction fee is 3%. This means Bank of America will add a 3% surcharge anytime you use the BankAmericard® credit card outside of the United States. The 3% fee also applies to online purchases made through an internationally-based merchant.
Alternative Credit Card Option:
There are several credit cards on the market that don’t charge foreign transaction fees. And they are available to people of all credit levels, from bad credit to excellent credit. You can check out our editors’ latest picks for the best no foreign transaction fee credit cards to weigh your options.
A good example is the Bank of America® Travel Rewards credit card. In addition to a 0% foreign transaction fee, this card offers 25,000 points for spending $1,000 in the first 90 days, plus 1.5 points per $1 spent on purchases. The card’s annual fee is also $0.
BankAmericard® credit card
People also ask
How much is the Bank of America Cash Rewards foreign transaction fee?
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.
Bank of America Customized Cash Rewards credit card Foreign Transaction Fee Info:
- Foreign transaction...
What are the major credit card foreign transaction fees?
The major credit card foreign transaction fees range from 0% to 3% of each purchase processed internationally. The average credit card’s foreign fee is roughly 1.5%. Some credit card companies do not charge foreign transaction fees on any of their cards, including Capital One, Discover and USAA. Other credit card companies charge foreign transaction fees on some, or even most, of their cards. But each of the 10 largest credit card issuers has at least...
read full answerHow much is the Bank of America foreign transaction fee?
The Bank of America foreign transaction fee is either 3% or 0% of the converted US dollar amount of all international transactions, depending on the BofA card. Bank of America credit cards with 0% foreign transaction fees include the Bank of America® Premium Rewards® credit card and the Bank of America® Travel Rewards credit card.
No foreign fee Bank of America cards clearly are a better choice for international spending than the ones with a 3% surcharge for everything you buy abroad. That’s actually one of the highest...
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