The BankAmericard foreign transaction fee is 3%. This charge applies to all international purchases, whether in a foreign country or online. The regular BankAmericard credit card, the BankAmericard Credit Card for Students and the BankAmericard Secured Card all have the same foreign transaction fee. A typical foreign transaction fee ranges from 0% to 3%, depending on the card and the issuer.
Not all Bank of America credit cards charge a foreign transaction fee. For example, the Bank of America Travel Rewards and Premium Rewards cards do not charge extra for purchases abroad. This makes them a better choice for international travel than the BankAmericard credit card. All Bank of America credit cards are issued on either the Mastercard or Visa network, which means they’re accepted almost anywhere you’d travel.
With better options available, BankAmericard is not good for using abroad. But it’s quite useful at home with its introductory 0% APR on purchases and balance transfers. There’s also a $0 annual fee.
The Bank of America foreign transaction fee is 3% or 0% of all international transactions, depending on the BofA card. There are 9 Bank of America credit cards with no foreign transaction fees, including the BofA Premium Rewards and Travel Rewards cards.
Those no foreign fee BofA 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 foreign fees on the market. So international shoppers need to be careful when picking a Bank of America credit card and perhaps consider cards from other issuers too.… read full answer
Bank of America foreign transaction fees:
Some Bank of America credit cards have a 3% foreign transaction fee.
Other Bank of America credit cards have no foreign transaction fee.
Foreign transaction fees can apply when you travel abroad or make online purchases from foreign merchants.
At 3%, the Bank of America 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. The good news is there are a handful of foreign fee-less alternatives.
Best Bank of America credit cards with no foreign transaction fees:
1. Bank of America Premium Rewards - Biggest Bonus
2. Bank of America Travel Rewards - No Annual Fee
3. Alaska Airlines Credit Card - Best Airline Rewards
4. Bank of America Travel Rewards for Students - Best Student Card
Plus, more and more cards from other issuers are shedding their foreign fees. So you can shop around for the best deal.
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 one credit card with no foreign transaction fees.… read full answer
Foreign Transaction Fees by Credit Card Company:
Credit Card Company
Standard Foreign Transaction Fee
Offers Card(s) with No Foreign Transaction Fee ?
Bank of America
Issuers charge foreign transaction fees on purchases made outside the U.S., whether in-person or online. The fee is always a percentage of the total purchase amount. The reason credit card companies charge foreign transaction fees is to help pay for the costs of currency conversion in international purchases. It’s essential to take a no foreign transaction fee credit card when going abroad, because those charges can quickly build up.
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