The Chase Freedom Flex foreign transaction fee is 3% of each transaction in U.S. dollars. Every Freedom Flex purchase made with a foreign merchant has an extra 3% of each transaction in U.S. dollars added on to the total cost. That applies to both in-person and online purchases. Because of this fee, Chase Freedom Flex isn’t an ideal card for use abroad.
In addition to the 3% of each transaction in U.S. dollars foreign transaction fee, Chase Freedom Flex has a few other fees that are worth mentioning. The balance transfer fee is 5% of the amount transferred (minimum $10). The cash advance fee is 5% of the transaction amount (minimum $10). And the maximum late fee or returned payment fee is $39. On the bright side, the card has a $0 annual fee.
If you’re looking for a good Chase card to use while traveling abroad, you might consider Chase Sapphire Preferred, the Marriott Bonvoy Bold Card or the IHG Rewards Club Traveler Card.
The Chase foreign transaction fee is either $0 or 3% of what you spend, depending on which credit card you get. Chase’s most popular travel rewards credit cards don’t charge foreign fees. That includes both Sapphire Preferred and Sapphire Reserve. But Freedom, Freedom Unlimited and Slate are among the Chase credit cards with a 3% foreign transaction fee. … read full answer
It makes sense that the Chase Sapphire cards don’t have foreign fees, while Chase Slate does. The Sapphire cards are specifically intended for travel, and travel isn’t always domestic. And Slate is designed for saving on debt, not globetrotting. But it’s a little weird that Freedom isn’t free internationally, even when it’s Unlimited. After all, even if you don’t travel abroad, Chase’s credit card foreign transaction fee could come into play. It applies to purchases made through international companies when you’re in the U.S., too.
Still, those might not be the only Chase cards you’re interested in. So I’ll break down more of your options below.
Here are the Chase credit cards with no foreign transaction fee:
Chase Sapphire Preferred - $95 annual fee ($0 first year)
Chase Sapphire Reserve - $450 annual fee
Ink Business Preferred - $95 annual fee
J.P. Morgan Reserve - $450 annual fee
United MileagePlus Explorer Business - $95 ($0 first year)
Here are the Chase cards with a 3% foreign transaction fee:
Chase Freedom - $0 annual fee
Chase Freedom Unlimited - $0 annual fee
Chase Slate - $0 annual fee
Disney Rewards - $0 annual fee
Apparently, you have to choose between paying Chase foreign transaction fees and annual fees. But think of it this way: If you’re a frequent traveler, not having to pay fees abroad probably outweighs the cost of a once a year annual fee.
Let’s say you spend $5,000 abroad in one year. 3% of that is $150. And that’s more than the annual fee of 3 no foreign fee Chase cards. Plus, people with Sapphire Reserve and J.P. Morgan Reserve are probably spending a lot more than that.
The Chase Freedom Unlimited® foreign transaction fee is 3% of each transaction in U.S. dollars. So, if you spend $100 at a merchant based in a foreign country, you’ll end up owing $103.
This fee applies to transactions made both in person and online. So, if you plan on spending a lot of money overseas or at foreign-based merchants, it can really add up quickly. Hence, you’re better off using Chase Freedom Unlimited® for your everyday purchases and getting a second card with no foreign transaction fee for your foreign purchases.… read full answer
There are several Chase credit cards with 0% foreign fee, but the best is the Chase Sapphire Preferred® Card. It gives an initial bonus worth $750 toward travel when you spend $4,000 in the first 3 months. Plus, you get 2 points per $1 on travel and dining and 1 point on everything else. The Chase Sapphire Preferred® Card costs $95 per year.
One of the best no foreign transaction fee cards from another issuer is the Capital One Venture Rewards Credit Card, which gives 100,000 miles as a bonus when you spend $3,000 in the first 3 months, plus 2 miles per $1 on all purchases. This card has a $95 annual fee.
Ultimately, there are credit card issuers, such as Capital One and Discover, that do away with foreign transaction fees altogether. And there are $0 foreign fee credit cards available to people of all credit levels, from bad credit to excellent credit. So, there is no reason why you should ever pay extra when buying something from abroad.
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