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 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 foreign transaction fees and more:
Chase Freedom’s other fees: $0 annual fee. 5% (min $5) balance transfer fee. 5% cash advance fee ($10 min). Late fee up to $38.
Chase Freedom Unlimited’s other fees: $0 annual fee. 5% (min $5). 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.
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.
A Visa foreign transaction fee of 0% to 3% could apply to purchases processed outside the U.S., depending on which Visa credit card or debit card you have. The Visa foreign transaction fee is usually $0 on travel rewards credit cards, which are built for spending all around the world. And some credit card companies, such as Capital One, don’t charge foreign fees on any of their cards, Visa or Mastercard. But many other Visa cards come with foreign transaction fees of 1%, 2% or even 3%.… read full answer
If your Visa card does have a foreign transaction fee, you’ll have to pay it any time you make a purchase from a merchant that’s based in a country other than the U.S. So that means it applies to online purchases too.
While it’s difficult to list every Visa’s foreign transaction fee – the are a ton of Visa cards – we can go over a few popular examples.
Here are some Visa foreign transaction fees:
All Capital One Visa cards: 0% foreign fee
All USAA Visa cards: 0% foreign fee
All PenFed Visa cards: 0% foreign fee
Chase Sapphire Preferred: 0% foreign fee
Bank of America Travel Rewards: 0% foreign fee
Bank of America Premium Rewards: 0% foreign fee
Chase Freedom Unlimited: 3% foreign fee
Wells Fargo Cash Wise Visa: 3% foreign fee
Credit One Bank Platinum Visa: 3% foreign fee
As you can see, there are a lot of opportunities to get a Visa card with no foreign transaction fee. That’s definitely a good idea before traveling (or shopping) abroad, since Visa is accepted just about anywhere that takes credit cards worldwide.
Major credit card foreign transaction fees range from 0% to 3% of each purchase processed internationally. The average credit card’s foreign fee is roughly 1.5%. Some credit card companies do not charge foreign transaction fees on any of their cards, including Capital One, Discover and USAA. Other credit card companies charge foreign transaction fees on some, or even most, of their cards. But each of the 10 largest credit card issuers has at least one credit card with no foreign transaction fees.… read full answer
Foreign Transaction Fees by Credit Card Company:
Credit Card Company
Standard Foreign Transaction Fee
Offers Card(s) with No Foreign Transaction Fee ?
Bank of America
Issuers charge foreign transaction fees on purchases made outside the U.S., whether in-person or online. The fee is always a percentage of the total purchase amount. The reason credit card companies charge foreign transaction fees is to help pay for the costs of currency conversion in international purchases. It’s essential to take a no foreign transaction fee credit card when going abroad, because those charges can quickly build up.
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