The Citibank foreign transaction fee is 3%, but only some cards charge it. Citi’s travel rewards cards, such as the AAdvantage Mastercards, don’t have foreign fees. But when you spend money abroad with other Citi credit cards, whether you’re traveling or just shopping online, you’ll have to grease Citibank’s palms with a payoff equal to 3% of whatever you buy. That could cramp anyone’s style, so it’s good there are several Citibank credit cards with no foreign transaction fee.
These cards don’t charge the 3% Citibank foreign transaction fee:
Citi Premier℠ Card: $95 annual fee waived the first year. 50,000 bonus points for spending $4000 in the first three months. 3 points per $1 on travel, 2 points per $1 on entertainment and dining, and 1 point per $1 on everything else. Excellent credit needed.
Citi/AAdvantage Platinum Select World Elite Mastercard: $95 annual fee waived the first year. 30,000 miles for spending $1,000 in the first three months. 2 miles per $1 on American Airlines, 1 mile per $1 on everything else. First checked bag free for you and 4 companions, preferred boarding, and 25% off in-flight food and beverages on American Airlines flights. Good credit needed.
Citi/AAdvantage Executive World Elite Mastercard: $450 annual fee. 50,000 miles for spending $5,000 in the first three months. 2 miles per $1 spent on American Airlines, and 1 mile per $1 on everything else. First checked bag free for you and 8 companions on American Airlines flights. Free Admirals Club lounge access. Excellent credit needed.
Expedia+ Voyager Card: $95 annual fee. 25,000 Expedia+ points for spending $2,000 in the first three months. 4 points per $1 spent on Expedia+, 2 points per $1 on dining and entertainment, 1 point per $1 on everything else. Expedia+ Gold Status. Annual $100 airline fee credit. Excellent credit needed.
Costco Anywhere Visa: No annual fee. 4% cash back on up to $7,000 spent on gas per year. Unlimited 3% cash back on restaurants and travel, 2% cash back at Costco and 1% everywhere else. Must be a Costco member. Excellent credit needed.
These Citibank cards have no foreign transaction fees, but that doesn’t mean they’re free. All but the Costco Anywhere Visa have annual fees. So if you’re a Costco member, that might be your best bet, since you’ll earn unlimited 3% cash back on travel.
The Costco Visa foreign transaction fee is $0. The Costco Anywhere Visa card and the Costco Anywhere Visa Business card both charged a 3% foreign fee until January 25, 2018, when Citi (the cards’ issuer) removed that fee from the offers. Now, with no foreign transaction fee, you will not be charged extra for using your Costco credit card anywhere in the world Visa is accepted. That would obviously come in handy at the more than 230 Costco stores abroad. Some locations include Canada, Great Britain, Japan, Korea, Mexico and Taiwan. There’s also no fee when shopping online from foreign merchants. … read full answer
Their lack of foreign transaction fees isn’t the only thing that makes the Costco credit cards worthwhile global travel companions. Both also give up to 4% cash back on gas purchases worldwide (first $7k spent per year), plus 3% back on restaurant and travel purchases, among other rewards.
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.
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