Avoiding the Citi ThankYou® Preferred Card’s 3% foreign transaction fee will still cost you if you go with another Citi card, even one with no foreign fee. The Costco Anywhere Visa cards don’t charge annual fees, but you do have to pay Costco dues to get the most out of them. And other popular picks, such as the Citi Premier and AAdvantage Platinum Select cards, charge annual fees of $0 intro 1st yr, $99 after.
You won’t know your actual credit limit until you’re approved for your Citibank credit card. The limit you get depends on your credit standing, income and debt. If you don’t get the credit limit you want, you can choose not to open the account. Or, if you decide to accept the limit that’s offered, you can always request a credit limit increase after you’ve made several months of on time payments.
Foreign transaction fees are an unnecessary burden, whether you’re traveling or just shopping online from an international merchant. So it’s good to know there are several Citi credit cards with no foreign transaction fee. And many pack attractive rewards. Citi Premier, for instance, has a 0% foreign fee and offers 80,000 points for spending $4,000 in the first 3 months. And it earns 3 points per $1 spent at restaurants, supermarkets and gas stations, 3 points per $1 on air travel and hotels, and 1 point per $1 on all other purchases. However, just because these cards have no foreign transaction fees doesn’t mean they’re free. Most charge annual fees – Citi Premier comes with a $95 annual fee.
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’s on the VISA network, so its worldwide acceptance also makes it a worthy travel companion. And it earns 4% cash back on eligible gas for the first $7,000 per year, 3% on restaurants and travel, 2% on Costco and Costco.com purchases, 1% on all other purchases.
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