The Capital One Platinum foreign transaction fee is 0%. With no foreign fee, Platinum cardholders do not have to pay extra for international purchases, either when traveling outside the U.S. or buying online from merchants based abroad. Capital One does not charge a foreign transaction fee on any of its credit cards. Foreign transaction fees from other issuers range from 1% to 3% of the purchase amount. The Platinum card also comes with a 26.99% (V) annual fee.
The Platinum Card from Capital One doesn’t have rewards. Low fees are its main benefit. The fact that it can help you build credit for free is more important than rewards anyway. There is one great feature, though. If you make your first five monthly payments on time, you’ll be eligible for a credit limit increase.
There is no Capital One foreign transaction fee. Or, in other words, the Capital One foreign transaction fee is 0%. That goes for every single Capital One credit card and debit card, too from travel rewards cards like Venture to cash back cards like Quicksilver. Want proof? The Capital One website says: “Capital One does not charge a fee for using your credit card for foreign currency transactions.”… read full answer
That means you won’t pay extra just for shopping at foreign merchants, whether you’re traveling abroad or buying things online from merchants in other countries. Typically, a foreign transaction fee will cost you an extra 1%-3% of the purchase amount. Capital One, Discover, USAA and PenFed are the only major credit card companies that don’t charge foreign fees on any of their cards.
Even though there are no Capital One credit card foreign transaction fees, there’s still one thing you need to watch out for: Dynamic Currency Conversion (DCC). Capital One doesn’t impose this on you, but they can’t protect you from it, either, unfortunately. Dynamic currency conversion is when a merchant charges you in U.S. dollars rather than the local currency and uses an unfair exchange rate to inflate the price. You should always tell merchants to charge you in the local currency. And if you see on your receipt that they didn’t, you should ask them to void the transaction and do it over.
As long as you avoid DCC, you won’t have to worry about extra charges when using a Capital One credit card abroad, thanks to your $0 Capital One foreign transaction fee.
The Capital One Quicksilver foreign transaction fee is $0. There are no Capital One Quicksilver international fees for using your card abroad or shopping online from foreign-based merchants. And that’s great news for you, because foreign transaction fees will usually add an extra 1%-3% to every purchase you make.
By the way, the $0 Capital One Quicksilver foreign transaction fee applies to both Quicksilver cards: Quicksilver (for good credit or better) and QuicksilverOne (for limited/fair credit). Actually, no Cap 1 credit card has an international fee.
There are a couple other things you should be aware of before going on an international spending spree, though.
Here are the Capital One Quicksilver foreign transaction fee details:
Capital One Quicksilver does not charge a foreign transaction fee.
Capital One QuicksilverOne has no foreign transaction fee.
No Capital One credit card charges a foreign fee.
Foreign transaction fees aren’t just for in-person transactions. They can also apply to online or phone purchases made through internationally located merchants.
Instead of wasting up to 3% on foreign fees, which many other cards charge, you’ll be earning 1.5% back with every Quicksilver purchase, thanks to its cash rewards.
The Capital One Quicksilver annual fee is $0.
So Capital One Quicksilver won’t cost you extra on foreign transactions. But it might not save you as much as possible, either. If you want the most travel value from Capital One, consider the Venture card. It has a 50,000-mile initial bonus and gives 2 miles per $1 on all purchases.
The Capital One QuicksilverOne foreign transaction fee is 0%. This means you will not be charged extra when you make purchases outside the U.S. using the QuicksilverOne card. Foreign transaction fees on credit cards range from 0% to 3%, depending on the card and issuer. Capital One does not charge foreign transaction fees on any of its personal or business credit cards.… read full answer
No foreign transaction fee is just one of the features that make QuicksilverOne a worthwhile rewards card. It’s pretty easy to get, available even to people with limited or no credit.It also offers 1.5% cash back on all purchases to cancel out its modest $39 annual fee. The QuicksilverOne card is on the Visa credit card network, which means you’ll benefit from wide-ranging international acceptance.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.