Does Credit One have a foreign transaction fee? This question is about Credit One Credit Cards

The Credit One foreign transaction fee is 3% or $1, whichever is greater, for all credit cards. A foreign transaction fee is a surcharge that some credit cards add to transactions processed outside of the United States. The fee applies whether it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant. Credit One Foreign Transaction Fees Credit One Bank® Platinum Visa® for Rebuilding Credit: 3% or $1, whichever is greater Credit One Bank® Platinum Visa®: 3% or $1, whichever is greater Credit One Bank® Platinum X5 Visa®: 3% (min $1) Credit One Bank American Express® Card: 3% (min $1) Credit One Bank Platinum Rewards Visa with No Annual Fee: 3% (min $1) Although Credit One does not offer any credit cards with no foreign transaction fees, there are plenty of other issuers that do offer them. For instance, Capital One, USBC and PenFed do not charge foreign transaction fees on any of their credit cards.

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Does Credit One have a foreign transaction fee?

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This question is about Credit One Credit Cards

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Evelyn Boros, Credit Cards Moderator

@evelyn_boros • 08/12/22 This answer was first published on 03/31/21 and it was last updated on 08/12/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Credit One foreign transaction fee is 3% or $1, whichever is greater, for all credit cards.

A foreign transaction fee is a surcharge that some credit cards add to transactions processed outside of the United States. The fee applies whether it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant.

Credit One Foreign Transaction Fees

Credit One Bank® Platinum Visa® for Rebuilding Credit: 3% or $1, whichever is greater
Credit One Bank® Platinum Visa®: 3% or $1, whichever is greater
Credit One Bank® Platinum X5 Visa®: 3% (min $1)
Credit One Bank American Express® Card: 3% (min $1)
Credit One Bank Platinum Rewards Visa with No Annual Fee: 3% (min $1)

Although Credit One does not offer any credit cards with no foreign transaction fees, there are plenty of other issuers that do offer them. For instance, Capital One, USBC and PenFed do not charge foreign transaction fees on any of their credit cards.

Answer Question

How much is the Credit One Platinum foreign transaction fee?

The Credit One Bank® Platinum Visa® foreign transaction fee is 3% or $1, whichever is greater. This means Credit One Bank will add a surcharge of either 3% or $1, whichever is greater, anytime you use the Credit One Bank® Platinum Visa® outside of the United States. The fee of 3% or $1, whichever is greater, also applies to online purchases made through an internationally-based merchant.

What is the Credit One credit card exchange rate?

The Credit One credit card exchange rate is the exchange rate quoted by Visa or American Express plus a foreign transaction fee of $1 or 3% of each purchase, whichever is greater. The network’s exchange rate will vary based on the date of the purchase, and the card network that’s used will depend on which Credit One credit card you have. The foreign transaction fee will also vary by card.… read full answer

Visa and Mastercard publish their exchange rates daily, while Discover and American Express don’t publish them at all. Some reports say that Mastercard tends to offer marginally better exchange rates than the others, but with so much volatility in the rates, this isn’t always the case. All in all, the differences in these exchange rates are negligible, and shouldn’t determine which Credit One card you carry.

Ideally, though, you should always use a credit card with no foreign transaction fee when purchasing from international merchants. As long as you get a card with no foreign transaction fee and avoid dynamic currency conversion, the exchange rates you’ll pay on international spending with a credit card will be much lower than those you’d get converting cash with banks, credit unions, or airport currency exchange services.

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Which Credit One cards have no foreign transaction fees?

There aren’t any Credit One credit cards with no foreign transaction fees. Credit One credit cards charge a foreign transaction fee of 3% ($1 min) when cardholders make purchases while abroad or shopping online with foreign merchants.

Given that all Credit One cards have foreign transaction fees – and so many credit cards out there do not charge them – consider getting a … read full answer no foreign fee credit card from a different issuer. By doing so, you will save an average of 1.52% on each international purchase that you make, compared to the average credit card offer.

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