Sam's Club® Credit Card comes with a host of other features to help you save on international purchases too. It offers 5% cash back on gas (up to $6,000 spent per year), 3% back on dining, takeout and on Sam’s Club purchases for Plus members, and 1% back on all other purchases (up to $5,000 earned in cash back rewards per year). And on top of that, you get $30 statement credit when you spend $30 at Sam's Club within 30 days of account opening. The Sam's Club® Credit Card also comes with a $0 annual fee.
To get the Sam's Club® Credit Card, you'll need at least good credit. You also have to be a Sam's Club member. The annual membership fee is automatically billed to your card. If you cancel your membership, you'll also lose the credit card account.
The Mastercard foreign transaction fee is 0% to 3%, depending on which card you have and which bank or credit union issued it. There are plenty of Mastercards with no foreign transaction fee, and that goes for both credit cards and debit cards. But many Mastercards charge up to 3% of each international purchase you make.… read full answer
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.
You certainly don’t want to pay 3% more than you have to when traveling abroad or shopping from foreign merchants while in the U.S. After all, the average foreign transaction fee on a credit card is about 1.5%. And some major credit card issuers have done away with foreign transaction fees altogether.
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. And 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 have best chance of getting approved for. And 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. It’s as easy as that.
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