The Citibank foreign transaction fee is 0% or 3% of purchases processed internationally, depending on the card. Citi travel rewards cards such as the AAdvantage Mastercard and the Costco Anywhere Visa have no foreign transaction fees. But when you spend money abroad with other Citi credit cards, like Double Cash or Simplicity, you’ll have to pay an extra 3% on whatever you buy.
That could cramp anyone’s style, whether you’re traveling or just shopping online. So it’s good to know there are several Citibank credit cards with no foreign transaction fee. Some of the most popular Citi cards without foreign fees include ThankYou Premier, AAdvantage Platinum Select and Expedia+ Voyager. However, just because these cards have no foreign transaction fees doesn’t mean they’re free. Most charge annual fees.
If you want a Citi credit card with no foreign transaction fees and no annual fee, consider the Costco Anywhere Visa. 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.
Most Citibank cards charge 3% foreign transaction fees, but there are several Citi cards with no foreign fees. The best no foreign transaction fee Citibank card is Citi Premier. It gives an initial bonus of 60,000 points for spending $4,000 in the first 3 months. Those points are redeemable for $625 in airfare on any airline, with no blackout dates, when you book through the ThankYou Travel Center. Also, you earn 3 points per $1 spent on gas and travel expenses and 2 on restaurants and entertainment. All other purchases net 1 point per $1 spent. Citi Premier waives the $95 annual fee for the first year.
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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