Lisa Cahill, Credit Cards Moderator
@lisacahill
The best Mastercard with no foreign transaction fee is the Capital One Venture Rewards Credit Card because it offers 2 - 5 miles per $1 spent. It also gives 75,000 miles for spending $4,000 on purchases in the first 3 months. That bonus is worth $750 in travel.
Capital One Venture has an annual fee of $95, but the rewards are well worth it if you’re a frequent traveler. The card requires good credit or better for approval (see details, rates & fees).
Best Mastercard Credit Cards With No Foreign Transaction Fees
There are even some Mastercard credit cards with no foreign transaction fee and no annual fee, which makes them extremely cheap to own and use as long as you don’t carry a balance. WalletHub’s top pick is the Fifth Third Bank Preferred Cash/Back Card because of its generous rewards.
Should You Get a Mastercard With No Foreign Transaction Fee?
Getting a Mastercard with no foreign transaction fee is a good idea if you plan to travel abroad or frequently purchase things from merchants in other countries. Cards without foreign transaction fees can save you up to 3% on every purchase you make with foreign companies, both in-person and online. In addition, Mastercard is the most widely accepted credit card network worldwide, so you’ll likely be able to use it at just about any merchant that takes credit cards.
Visa is nearly tied with Mastercard in terms of the number of countries and territories that accept it, though. Limiting yourself to only looking at cards on the Mastercard network could cause you to miss out on some great no-foreign-fee offers from the other major networks, especially Visa. For more options, check out WalletHub's complete list of the best no foreign transaction fee credit cards. You can also learn more about foreign transaction fees with our in-depth guide.
Popular Mastercard Credit Cards from Our Partners
-
Initial Bonus
-
Cash Back
-
Good Credit
-
Bad Credit
Charlotte Lewis, Member
@char_lewis
I agree with Lisa… Capital One Venture is hard to beat. Great rewards and super flexible redemption.
Benjamin Evans, Member
@ben_evans_art
- Capital One Savor: 3% back on dining, groceries, and entertainment (no annual fee, no FTF).
- Wells Fargo Autograph: 3x points on travel, dining, and transit (solid for frequent travelers).
- Citi Premier: Travel-focused with 3x on dining, groceries, and airfare (though it has a $95 AF).
People also ask
Which bank has the lowest foreign transaction fee?
One of the major banks that have the lowest foreign transaction fees is Capital One, as it has $0 foreign transaction fees on all its cards. Having a card with a low foreign transaction fee can save you a lot of money while traveling abroad or doing business online with a foreign merchant.
It’s important to remember, even banks that charge foreign transaction fees on some cards may not charge it on all their...
read full answer by Milvionne Chery Copeland, WriterWhat is the best credit card for traveling to Mexico?
The best credit card for traveling to Mexico is the Capital One Venture Rewards Credit Card (see details, rates & fees) because it offers high rewards rates on travel purchases and has a $0 foreign transaction fee. Plus, you can transfer Capital One Venture (see details, rates & fees) miles to the Aeromexico Club Premier loyalty program at a 1:1 ratio. There’s also an initial bonus of 75,000 miles for spending $4,000 on purchases in the first 3 months, which easily offsets the card’s $95 annual fee.
In addition, Capital One Venture (see details, rates & fees) offers 5 miles per $1 spent on hotels, vacation rentals and rental cars booked through Capital One Travel, 5 miles per $1 spent on Capital One Entertainment purchases, and 2 miles per $1 on all other purchases. Capital One Venture (see details, rates & fees) is also on the Mastercard credit card network, meaning...
read full answer by Chip Lupo, Credit Card WriterWhats the best travel Mastercard?
The best travel Mastercard is the Capital One Venture Rewards Credit Card (see details, rates & fees) because it rewards cardholders with 2 - 5 miles per $1 spent on purchases and it has a $0 foreign transaction fee. It also provides travel protections, a TSA PreCheck credit, and special hotel perks.
In addition, the Venture Card offers an initial bonus of 75,000 miles for spending $4,000 on purchases in the first 3 months. The card only costs $95 per year, so it’s perfect for moderate travelers who want great benefits.
Best Travel Mastercard Credit Cards in 2026
...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.