The best credit cards with no annual fee and no foreign transaction fee are the Capital One VentureOne Visa and the HSBC Cash Rewards Mastercard. That’s because they offer the most rewards in addition to their lack of fees. Capital One VentureOne gives you a 20,000-mile bonus for spending $500 in the first 3 months and 1.25 miles per $1 on all purchases. With the HSBC Cash Rewards Mastercard, you get 1.5% cash back on all purchases. You also get a 10% of all the cash you’ve earned over the year as an anniversary bonus.
But the best credit card with no annual or foreign fees really depends on your credit standing and what type of rewards you’re looking for. Fortunately, there’s a whole range of attractive possibilities.
Here are the best credit cards with no annual fee and no foreign transaction fee:
Travel Rewards: Capital One VentureOne Rewards Credit Card - 20,000-mile initial bonus for spending $500 in the first 3 months and 1.25 miles per $1 on all purchases. The VentureOne card requires good credit.
Cash Back: HSBC Cash Rewards Mastercard - 1.5 - 3 points per $1 on all purchases. 10% of all the cash you’ve earned in the past year as an anniversary bonus. You’ll need good credit to get the HSBC Cash Rewards Mastercard. The Capital One Quicksilver Card is a close second.
Hotel Points: Best Western Credit Card - 16,000 bonus points after you make your first purchase, and another 16,000 after your first Best Western stay. 3 points per $1 on Best Western stays, and 2 points per $1 on all other purchases. 10% discount when you book a room at the Rewards Member Rate on the Best Western site. This card requires good credit.
Airline Miles: United Gateway Card - 10,000 miles for spending $1,000 in your first 3 months. Each mile can be redeemed for $1 toward a United flight. 2 miles per $1 on United tickets, and 1 mile on all other purchases. 25% off in-flight purchases on United flights. This card requires good credit.
Bonus Rewards: Discover it Cash Back- 5% cash back on a new set of bonus categories every three months, plus 1% cash back on all other purchases. 1st year anniversary bonus matches all the cash back you’ve earned. You need good credit to get this card.
Dining: Capital One Savor Cash Rewards Card - $300 bonus for spending $3,000 in your first 3 months of card membership. 3% cash back on dining, 2% on groceries, and 1% on all other purchases. This card requires good credit.
Students: Bank of America Travel Rewards Credit Card for Students - 25,000-point bonus for spending $1,000 in purchases within 90 days of opening your account. 3 points per $1 at the Bank of America Travel Center, and 1 point per $1 everywhere else. You can get this card with limited credit.
Small Business: Capital One Spark Cash for Business - $500 bonus for spending $4,500 on purchases within 3 months of account opening. 2% cash back on all purchases. You need good credit to get this card.
No Credit: Capital One QuicksilverOne Cash Rewards Credit Card - 1.5% cash back on all purchases.
Bad Credit: Discover it Secured Credit Card - 2% cash back at restaurants and gas stations, up to $1,000 spent each quarter. 1% cash back everywhere else. 1st year anniversary bonus matches all the rewards you’ve earned. You can get this card with limited history.
There are plenty that fit into that category. The obvious think to consider is that most (if not all) have a requirement of 700 or more.
Still, you could get better offers with no foreign transaction fees but with an annual fee. If you think the annual thing's no good, I'd say try Discover it.
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