The Chase Ink Preferred foreign transaction fee is $0. That means you won’t be charged extra anytime you use the Ink Business Preferred® Credit Card outside of the United States. This applies whether it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant.
The Ink Cash card exchange rate is Visa’s exchange rate on the date you make a purchase, plus any foreign transaction fees. While Visa exchange rates change daily, the Ink Cash foreign fee is always 3% of the transaction.
The Ink Cash foreign transaction fee is 3% of each transaction in U.S. dollars. This fee is charged when the Ink Cash credit card is used outside of the United States. It applies whether it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant.
Alternative Credit Card Option
If you often do business with foreign merchants, it will be best to use a credit card with no foreign transaction fee. You can check out … read full answerour editors’ latest picks for the best among them and see which one better suits your needs.
A good option would be the Ink Business Preferred® Credit Card. Aside from a $0 foreign transaction fee, this card offers 3 points per $1 on the first $150,000 spent per year on travel and select business expenses, and 1 point per $1 on all other purchases. You can also earn 100,000 points for spending $15,000 in the first 3 months. The card’s annual fee is $95.
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 Preferred card has much more to offer than a $0 foreign transaction fee. There’s a 100,000 points initial bonus when you spend $15,000 in your first 3 months.
You’ll also earn 3 points / $1 spent on the first $150,000 you spend on travel and select business categories each account anniversary year. 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 $0 foreign transaction fee.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.