The Citi Premier foreign transaction fee is 0%. Premier is one of several Citi credit cards with no foreign transaction fee. The others include the Citi / AAdvantage airline miles cards and the Costco Anywhere Visa cards. When you use one of these cards, you won’t be charged extra for purchases made abroad. Foreign transaction fees range from 0%-3% on other credit cards, with 3% being the standard for Citi cards that charge a foreign transaction fee.
Citi Premier is a travel rewards card that offers 60,000 points bonus points for spending $4,000 in the first 3 months. This bonus is worth $750 when redeemed for airfare. The Premier card does come with a $95 annual fee. It is on the Mastercard network, which gives it wide-ranging global acceptance. You can use Mastercard credit cards in more than 210 countries and territories where credit cards are accepted.
If you want a Citi credit card with 0% foreign transaction fees and $0 annual fee, consider the Costco Anywhere Visa® Card by Citi. It gives unlimited 3% cash back on travel and restaurant purchases. You also get 4% back on gas purchases, up to the first $7,000 spent each year, among other perks.
That being said, it’s a great credit card to take with you while traveling abroad. It’s also ideal if you frequently shop from merchants outside the U.S., because you won’t have to worry about any extra charges.
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