A Visa foreign transaction fee of 0% to 3% could apply to purchases processed outside the U.S., depending on which Visa credit card or debit card you have. The Visa foreign transaction fee is usually $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%.
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: 0% foreign fee
- Bank of America Travel Rewards: 0% foreign fee
- Bank of America Premium Rewards: 0% foreign fee
- Chase Freedom Unlimited: 3% foreign fee
- Wells Fargo Cash Wise Visa: 3% foreign fee
- Credit One Bank Platinum Visa: 3% 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 anywhere that takes credit cards worldwide.
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