The Chase Ink Cash foreign transaction fee is 3% of each transaction in U.S. dollars. That means using the Chase Ink Business Cash Card abroad will cost you 3% of each transaction in U.S. dollars more than a Chase business credit card with no foreign transaction fees, such as the Chase Ink Business Preferred Credit Card.
A foreign transaction fee is charged when the Chase Ink Business Cash credit card is used outside of the U.S. It can also show up when a transaction is processed in a foreign country - such as when you order something from a foreign company online. So you could be charged a foreign fee even if you never take this card abroad.
If you often do business with foreign merchants, it will be better (and cheaper) to use a credit card with no foreign transaction fee.
The Chase Ink foreign transaction fee is 0% for the Preferred Business card. The Ink Cash and Ultimate Business cards charge a 3% fee on international purchases.
A foreign transaction fee is a charge, usually around 3%, that a credit card issuer adds to transactions processed outside of the United States. You don’t have to be in another country to be charged the fee. It also applies to online purchases processed with non-U.S. based retailers.… read full answer
The Chase Ink Business Preferred card has much more to offer than no foreign transaction fee. There’s an 80,000-point initial bonus when you spend $5,000 in your first three months. That’s worth $1,000 in travel purchases when you redeem through Chase Ultimate Rewards.
You’ll also earn 3 points for every $1 you spend on shipping, advertising purchases made with social media sites, travel, and internet, cable, and phone services. Even if you’re making these purchases outside of the U.S., you’ll be able to collect the rewards points knowing they won’t be wiped out by a 3% foreign transaction fee.
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 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:… read full answer
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.
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