The Chase Freedom foreign transaction fee is 3%. That means a 3% surcharge gets added to the total amount of any Freedom card transaction processed in another country. Foreign transaction fees can apply when traveling abroad or shopping online from a foreign merchant. Like Chase Freedom, the Chase Freedom Unlimited card has a 3% foreign transaction fee. But not all Chase cards charge 3% internationally. Two of the most popular Chase credit cards with no foreign transaction fees are the Sapphire Preferred and Sapphire Reserve travel rewards cards.
Chase Freedom’s other fees:$0 annual fee. 3% balance transfer fee ($5 min). 5% cash advance fee ($10 min). Late fee up to $38.
Chase Freedom Unlimited’s other fees:$0 annual fee. 3% balance transfer fee ($5 min). 5% cash advance fee ($10 min). Late fee up to $38.
Best Chase credit cards with no foreign transaction fee: Chase Sapphire Preferred and Sapphire Reserve
Despite the Chase Freedom foreign transaction fee, both the Freedom and the Freedom Unlimited cards provide plenty of value when used strictly for domestic transactions. Both offer a $150 bonus for spending $500 in purchases in the first 3 months. There’s also a 0% APR for 15 months on purchases and balance transfers.
Where the two cards differ is in their rewards structure. The Freedom offers 5% back on the first $1,500 spent per quarter in rotating spending categories. In the past, that has included gas, restaurants, Amazon.com purchases and more. The card also offers 1% cash back on all other purchases. The Freedom Unlimited card offers a flat 1.5% cash back on all purchases.
It's 3%. That's pretty standard as far as these fees go, but considering there are plenty of credit cards out there without foreign transaction fees (a couple from Chase), I'd say it doesn't look so good by comparison.
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 Sapphire Preferred foreign transaction fee is 0%. That means using your Chase Sapphire Preferred card abroad will not result in extra charges. Chase Sapphire Preferred is part of the Visa network, so you can use it in more than 220 countries/territories.
Chase Sapphire Preferred does have a $95 annual fee, but you also get a huge 60,000-point signup bonus when you spend $4,000 in the first 3 months. Still, it’s worth noting that Sapphire Preferredisn’t the only Chase card with a $0 foreign transaction fee.… read full answer
Chase Credit Cards with No Foreign Transaction Fees:
Chase Sapphire Preferred - $95 annual fee (waived the first year)
Chase Sapphire Reserve - $550 annual fee
Ink Business Preferred - $95 annual fee
J.P. Morgan Reserve - $450 annual fee
United MileagePlus Explorer Business - $95 (waived the first year)
The Chase credit cards that do have foreign transaction fees include Chase Freedom and Freedom Unlimited, and the Chase Slate card. They charge 3% on international transactions but have no annual fees.
The Chase Sapphire Reserve foreign transaction fee is $0, as is the case for most travel rewards credit cards. This means you won’t have to pay extra when you buy something from a foreign merchant, either in person or online. Most cards charge a foreign fee equal to 1%-3% of the purchase price. So not having to pay a Chase Sapphire Reserve foreign transaction fee could save you a lot of money.… read full answer
That’s not the only way Sapphire Reserve will help you save either, especially if you’re planning to travel. You get $300 a year in travel charges back as a statement credit. And when you redeem points for travel on the Chase Ultimate Rewards website, they’re worth 1.5 cents per point (1 cent otherwise).
Plus, as a Sapphire Reserve cardholder, you get free access to over 1,000 airport lounges worldwide through Priority Pass Select. Those are the highlights. Read on for a more complete list.
Chase Sapphire Reserve’s foreign transaction fee & international perks:
Bonus of 50,000 points (worth $750 in travel) for spending $4,000 in first 3 months.
Free access to 1,000+ Priority Pass airport lounges.
$300 in travel purchases back every year.
Application fee credit (up to $100 once every four years) for Global Entry or TSA Precheck.
Up to $1 million in travel accident insurance.
$10,000+ in trip cancellation, interruption and delay insurance.
Up to $3,000 in lost and delayed luggage insurance.
Not only is there no Chase Sapphire Reserve foreign transaction fee, but Chase pays or reimburses you for several travel amenities. And you’re insured in case of any unfortunate circumstances. So rest assured that you won’t pay any unnecessary costs when you travel with the Sapphire Reserve Card.
Of course, Chase Sapphire Reserve isn’t the only travel rewards credit card with no foreign transaction fee. And many of the others are a lot cheaper overall. The truth is, if avoiding fees is a big concern for you, Sapphire Reserve might not be the best fit because of its $550 annual fee.
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