One of the best business credit cards with $0 foreign transaction fees is the Ink Business Preferred® Credit Card. This card is considered as one of the most rewarding credit cards on the market right now. Chase Ink Preferred offers an initial bonus of 100,000 points for spending $15,000 in the first 3 months. The annual fee is just $95, too.
But there are several more good business credit cards that come with $0 foreign transaction fees.
Here are some of the best business credit cards with no foreign transaction fees:
No foreign transaction fee means that a credit card or debit card does not include a surcharge for international purchases. In other words, a consumer won’t be charged extra for using the card outside of the U.S. Foreign transaction fees are usually charged as a percentage of every transaction made abroad. Most issuers charge around 0%-3%, but many offer at least one card that does not come with a foreign transaction fee. Some issuers, such as … read full answerCapital One and Discover, do not include the fee on any of their cards. Refer to the card’s terms and conditions to know for sure if it comes with a fee for foreign transactions.
It’s important to note that you don’t have to physically use a card outside of the U.S. to get hit with a foreign transaction fee. The fee can also apply when you buy something online from a company based in another country. So, getting a no foreign transaction fee card can be very helpful if you buy a lot of things from abroad. It also offers consumers the best value for currency exchanges. On average, a no foreign transaction fee credit card saves international travelers 7.14% over the average bank or credit union. When compared to foreign exchange company Travelex, the savings jump to 9.31%.
However, not all credit cards with no foreign transaction fee are equal when it comes to worldwide acceptance. The card’s network dictates where you can use it outside the U.S. Cards on the Mastercard networks are accepted by merchants in more than 210 countries and territories, while Visa credit cards are accepted in more than 200. Discover cards work in about 185 countries and territories, and merchants in 160+ countries and territories take American Express cards.
One of the best credit cards for business travel is Capital One Spark Miles for Business. This card offers an initial bonus of 50,000 miles for spending $4,500 in the first 3 months. The Capital One Spark Miles for Business card also gives 2 miles per $1 on purchases and a variety of benefits.… read full answer
Another great option is the Ink Business Preferred® Credit Card. With this card, you get 100,000 points for spending $15,000 in the first 3 months. You also earn 1 - 3 points per $1 spent, depending on the type of purchase. Plus, the card’s annual fee is only $95. But if you’re looking for a credit card that offers free airport lounge access, you could check out the Citi® / AAdvantage® Executive World Elite Mastercard®. Cardholders get a complimentary Admirals Club membership. That’s good for free access to more than 60 affiliated airport lounges worldwide.
Here are some of the best credit cards for business travel:
Earn 50,000 miles for spending $4,500 in the first 3 months. Get 2 miles per $1 on all purchases. Statement credit for either the $85 TSA PreCheck application fee or the $100 Global Entry application fee. $0 foreign transaction fees. Annual fee: $0 intro for 1st yr, $95 after. Requires at least good credit.
Earn 100,000 points for spending $15,000 in the first 3 months. Get 3 points per $1 on the first $150,000 spent per year on travel and select business expenses, and 1 point per $1 on all other purchases. $0 foreign transaction fees. $95 annual fee. Requires at least good credit.
Earn 50,000 miles for spending $5,000 in the first 3 months. Get 1 - 2 miles per $1 spent on purchases. Complimentary Admirals Club membership. First checked bag is free on domestic American Airlines itineraries for you and up to 8 companions traveling with you on the same reservation. 0% foreign transaction fees. $450 annual fee. Requires at least good credit.
Earn 80,000 points, plus a $99 statement credit for spending $2,000 in the first 90 days. Get 6 points per $1 spent on JetBlue purchases, 2 points at restaurants and office supply stores, and 1 point on all other purchases. Free first checked bag for you and up to 3 companions. $100 statement credit each year after purchasing a JetBlue Gateways vacation package of $100 or more with your card. 0% foreign transaction fees. $99 annual fee. Requires at least good credit.
Above all else, make sure you choose a business travel credit card that allows you to earn more benefits than you have to pay in fees. There’s no point in getting a card with a big bonus and a high annual fee if you won’t spend enough to earn the bonus.
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