Maria Adams, Credit Cards Moderator
@m_adams
The Wells Fargo Cash Wise foreign transaction fee is 3%. This fee gets assessed both for purchases made while traveling outside of the United States and online, through international merchants. The fee is within the 1%-3% range that other issuers charge for foreign transactions.
If you frequently make purchases outside of the U.S., the Wells Fargo Cash Wise would not be a worthy travel companion. The card offers 1.5% on all purchases. However, any rewards earned will be reduced, if not wiped out completely, by a 3% fee tacked on to each international transaction.
Alternative Credit Card Option
If you are looking for a credit card with no foreign transaction fees, there are plenty of options to choose from. A good example is the Wells Fargo Autograph Card. Apart from a $0 foreign transaction fee, this card also offers 3 points per $1 spent on restaurant, travel, gas stations, transit, popular streaming services and phone plans, as well as 1 point per $1 spent on other purchases . Plus, you can earn 20,000 points for spending $1,000 on purchases in the first 3 months.
Ultimately, it is worth noting that the Wells Fargo Cash Wise foreign transaction fee is not uncommon. But Capital One credit cards are among the best alternatives. That’s because Capital One is one of only a handful of major issuers that do not charge foreign transaction fees on any of their cards.
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People also ask
How much is the Wells Fargo foreign transaction fee?
The Wells Fargo foreign transaction fee is 0% to 3%, depending on the specific credit card. A foreign transaction fee is a surcharge that some credit cards add to transactions processed outside of the United States. The fee applies whether you’re physically in a foreign country making a purchase or buying something online through an internationally-based merchant.
Wells Fargo Foreign Transaction Fees:
- Wells Fargo Propel American Express® card: 0%
- Wells Fargo Cash Wise Visa® card: 3%
- Wells Fargo Platinum card: 3%
- Hotels.com® Rewards Visa® Credit Card:...
Whats the Visa foreign transaction fee?
The Visa foreign transaction fee is usually either 0% or 3%, depending on which Visa credit card or debit card you have. The foreign transaction fee is typically 0% for most Visa travel rewards credit cards, which are built for spending all around the world. Also, some credit card companies, such as Capital One, don’t charge foreign fees on any of their cards. However, many other Visa cards come with foreign transaction fees of 1%, 2% or...
read full answer by Maria Adams, Credit Cards ModeratorWhat are the major credit card foreign transaction fees?
The major credit card foreign transaction fees range from 0% to 3% of each purchase processed internationally. The average credit card’s foreign fee is roughly 1.5%. Some credit card companies do not charge foreign transaction fees on any of their cards, including Capital One, Discover and USAA. Other credit card companies charge foreign transaction fees on some, or even most, of their cards. But each of the 10 largest credit card issuers has at least...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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