What's the Costco Visa foreign transaction fee?

The Citibank foreign transaction fee is 0% or 3% of transactions processed internationally, depending on the card.

Best Citi Credit Cards with no foreign transaction fees

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 ... read full answerCiti credit cards with no foreign transaction fee. And many pack attractive rewards.

Citi Premier, for instance, has a 0% foreign fee and offers 60,000 points for spending $4,000 in the first 3 months. The card also offers 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.

Best Citi Credit Card with No Foreign Fee and No Annual Fee

If you want a Citi credit card with 0% foreign transaction fees and $0 annual fee, consider the Costco Credit Card. It’s on the Visa network, so its worldwide acceptance also makes it a worthy travel companion. The card also offers 4% cash back on eligible gas and and EV charging purchases (up to $7,000 spent per year), 3% back on restaurants and travel, 2% back on Costco and Costco.com purchases, and 1% back on all other purchases.

The major credit card foreign transaction fees range from 0% to 3% of each purchase processed internationally. The average credit card’s foreign fee is roughly 1.5%. Some credit card companies do not charge foreign transaction fees on any of their cards, including Capital One, Discover and USAA. Other credit card companies charge foreign transaction fees on some, or even most, of their cards. But each of the 10 largest credit card issuers has at least one credit card with no foreign transaction fees.... read full answer

Here are the foreign transaction fees by credit card company:

Issuers charge foreign transaction fees on purchases made outside the U.S., whether in-person or online. The fee is always a percentage of the total purchase amount. The reason credit card companies charge foreign transaction fees is to help pay for the costs of currency conversion in international purchases. It’s essential to take a no foreign transaction fee credit card when going abroad, because those charges can quickly build up.

The Visa foreign transaction fee is usually either 0% or 3%, depending on which Visa credit card or debit card you have. The Visa foreign transaction fee is typically 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® Card: $0 foreign fee
• Bank of America® Travel Rewards credit card for Students: $0 foreign fee
• Bank of America® Premium Rewards® credit card: 0% foreign fee
• Chase Freedom Unlimited®: 3% of each transaction in U.S. dollars foreign fee
• Wells Fargo Reflect® Card: 3% foreign fee
• Credit One Bank® Platinum Visa®: 3% or $1, whichever is greater 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 everywhere that takes credit cards worldwide.