What is the best Mastercard with no foreign transaction fee?

The Mastercard foreign transaction fee is usually 0% or 3%, depending on which card you have and the bank or credit union that issued it.

Here’s how the Mastercard foreign transaction fee works:

The Mastercard foreign transaction fee comes in two parts. Mastercard, as the credit card network, always charges a 1% fee. Then, the credit card issuer can choose to add their own fee on top of that, or cover Mastercard’s fee for you. If your card’s foreign fee is higher than 1%, it means the issuer added their own fees. If your Mastercard’s foreign transaction fee is 0%, it’s because the issuer pays the 1% network fee for you.... read full answer

If you have a Mastercard that charges a foreign transaction fee, you will be charged a fee every time you make a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant. So, if you’re travelling a lot, make sure to get a Mastercard that doesn’t charge this fee.

Best Mastercard Credit Cards with No Foreign Transaction Fee

It’s also worth noting that Mastercard foreign transaction fees and Visa foreign transaction fees are pretty much the same. Some cards charge as much as 3%. Others don’t charge a dime. Also, like Mastercard, Visa is accepted in 200+ countries and territories.

The best approach is to compare no foreign transaction fee credit cards on both the Visa and Mastercard networks. Check your credit score to see which ones you could get approved for. Then, find the card with the best collection of rewards, rates, and fees for your needs. If you’re approved, you’ll save up to 3% on each foreign transaction.

Visa and Mastercard are tied in the categories that matter most to consumers. Both Visa and Mastercard are accepted in more than 200 countries, and it is rare to find a location that accepts one but not the other. Furthermore, both Visa and Mastercard administer certain benefits programs, including rental car insurance... read full answer and extended warranties. But individual card issuers decide what coverage cardholders receive.

So it doesn’t really matter whether you have a Visa or Mastercard in your wallet. As long as you have at least one of them and your card offers competitive terms, you’ll be in good shape. If you’d like to learn more about the similarities and differences between Visa and Mastercard, including how the best credit cards on each network compare, check out WalletHub’s complete Visa vs. Mastercard review.

There are several American Express credit cards that have no foreign transaction fees, including the American Express® Gold Card and co-branded cards with rewards for Hilton, Marriott and Delta. The Amex cards without foreign transaction fees have annual fees ranging from $0 to $500+. They also offer valuable travel benefits, such as free checked bags and luxury airport lounge access.... read full answer

One of the best American Express credit cards with 0% foreign transaction fees is the Hilton Honors American Express Card because it’s one of Amex's offers with a $0 annual fee. The Hilton Credit Card also has a good initial bonus, giving 100,000 Hilton Honors Bonus Points after spending $2,000 in the first 6 months (offer ends 4/5/2023). The ongoing rewards are pretty good, too; cardholders earn 3 - 7 points per $1, depending on the type of purchase.

American Express Cards with No Foreign Transaction Fees

• American Express® Green Card ($150 annual fee)
• American Express® Gold Card ($250 annual fee)
• American Express Platinum card ($695 annual fee)
  
  Hotel Credit Cards
• Hilton Honors American Express Card ($0 annual fee)
• Hilton Honors American Express Surpass® Card ($95 annual fee)
• Marriott Bonvoy Bevy™ American Express® Card ($250 annual fee)
• Hilton Honors Aspire Credit Card ($450 annual fee)
• Marriott Bonvoy Brilliant® American Express® Card ($650 annual fee)
  
  Airline Credit Cards
• Delta SkyMiles® Blue American Express Card ($0 annual fee)
• Delta SkyMiles® Gold American Express Card ($0 intro 1st yr, $99 after annual fee)
• Delta SkyMiles® Platinum American Express Card ($250 annual fee)
• Delta SkyMiles® Reserve American Express Card ($550 annual fee)

While American Express no-foreign transaction fee credit cards make it cheaper to travel with your Amex card, they’re not accepted everywhere. You should be able to find businesses that accept American Express in places like Canada and Mexico. However, it’ll be harder in smaller countries, especially those that don’t typically do business with the U.S.