Capital One VentureOne has no foreign transaction fee. This means you will not be charged extra when you use the card outside the U.S. or online through an international merchant. Capital One has never charged foreign transaction fees on any of its credit cards. Foreign transaction fees on other cards typically range from 0% - 3% depending on the card and the issuer.
No foreign transaction fee aside, VentureOne has other features which make it an attractive travel rewards card. It offers 10 miles per $1 spent with the card to book hotel stays at hotels.com/venture and 1.25 miles per $1 on all other purchases. Earned miles never expire as long as you keep the account open. Plus, VentureOne offers greater flexibility than most cards when it comes to booking travel. And it’s on the Visa network, which means the card is accepted nearly anywhere that you travel worldwide.
Other features include a $0 annual fee and an initial bonus of 20,000 miles after spending $1,000 in the first three months. The bonus miles are worth $200 when you redeem them for travel.
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.
There is noCapital One Venture foreign transaction fee. All Capital One credit cards have $0 foreign fees. That is unlikely to change anytime soon.
Capital One is one of just two major credit card companies, the other being Discover, that don’t have foreign transaction fees on any of their cards. They probably wouldn’t change such a big part of their brand. Besides, Venture is a travel rewards credit card. Almost no travel credit cards charge foreign transaction fees because the issuers want to encourage people to spend money abroad. And if you had to pay an extra 3-5% on top of every purchase, you’d probably look for another card to use internationally. … read full answer
So while Capital One does have the ability to change their cards’ terms in the future, it would be a really bad PR move. And if that did ever happen, they would be required by law to notify you in advance. For the foreseeable future, though, you won’t have to worry about paying a Capital One Venture foreign transaction fee when you make purchases abroad or through international merchants. The same also goes for Venture’s companion card, Capital One VentureOne. And fee or not, Venture is well worth keeping in your wallet because of its substantial miles earning rate on all purchases.
If you have more questions about Capital One’s policies, you can always call their customer service number at 1-800-227-4825.
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