In addition to using a card with no foreign transaction fee, you’ll want to avoid dynamic currency conversion while you’re abroad. By doing these two things, you could save up to 10% when traveling internationally.
Yes, Wells Fargo has a travel credit card, the Wells Fargo Visa Signature® Card. This card caters well to travel because it offers 50% more value when you redeem its points for airfare. And it earns you 5 points per $1 spent on gas, grocery, and drugstore purchases for 6 months on up to $12,500 spent, and 1 point on all other purchases. Aside from airfare, you can redeem points for other travel expenses such as hotels, car rentals, cruises and more. And since the card's annual fee is $0, its rewards can go a long way.… read full answer
The Wells Fargo Visa Signature® Card's travel benefits go beyond its rewards. You also get protections such as travel accident insurance, auto rental collision coverage, trip cancellation insurance, lost luggage reimbursement and more. The Wells Fargo Visa Signature® Card does have a 3% foreign transaction fee that is in play when you're buying from international merchants. Aside from travel perks, you also get an introductory purchase APR of 0% for 15 months, coupled with an introductory balance transfer APR of 0% for 15 months (for transfers made within the first 120 days), with a 3% (min $5) fee. Once the introductory periods are over, you'll be charged a 12.49% - 25.49% (V) APR, based on creditworthiness.
Another Wells Fargo credit card with travel related perks is the co-branded Hotels.com® Credit Card which offers 2 Reward Nights for spending $1,000 in the first 3 months. The Hotels.com® Credit Card also earns you 1 Stamp each time you spend $500, 1 Stamp for each night’s stay at properties booked on Hotels.com, 1 Reward Night for 10 Stamps collected. And there's a 0% foreign transaction fee and a $0 annual fee.
The Wells Fargo Cash Wise Visa® card and the Wells Fargo Rewards® Card also come with decent credit card offers that give cash back or points. However, their travel perks are limited, so Wells Fargo Visa Signature® Card and Hotels.com® Credit Card are better options. Bear in mind that they both require excellent credit, though. And applications trigger hard pulls which can temporarily hurt your credit score, so make sure you know where you stand before applying. You can check your score for free, right here on WalletHub.
If you're not set on Wells Fargo as an issuer, it's definitely worth taking a look at a selection of the best travel credit cards and picking one that best suits your travel needs.
You can avoid foreign transaction fees by getting a credit card that doesn’t charge them. Considering that about 25% of current credit card offers don’t charge foreign fees, and those cards are available to people of all credit levels, there’s really no reason to pay these fees. The 10 largest credit card companies all offer at least some cards without foreign transaction fees. And some, like Capital One, Discover, USAA, HSBC and PenFed, don’t charge foreign transaction fees on any of their credit cards.… read full answer
Foreign transaction fees tack on as much as 4% extra to purchases made abroad, which can truly dampen a vacation. Foreign transaction fees aren’t charged by the merchant; they’re charged by the credit card company. And the fees are also charged for online purchases processed abroad, even if you’re sitting in front of your computer at home when you make the purchase. If you’re using a rewards card for purchases abroad, a foreign transaction fee will quickly negate the rewards you’re trying to rack up. The fees are declared in all credit card terms, so make sure you look for that language when you’re applying for credit cards.
That said, if you already have a credit card that charges foreign transaction fees, there’s not much you can do to avoid them, save for not using the card abroad. Consider applying for a travel credit card with good ongoing rewards and no foreign transaction fees. There are plenty to choose from.
One last thing to think about regarding foreign transaction fees: Don’t forget to find the right debit card for your travels. Many debit cards also charge foreign transaction fees and international ATM fees. But having a debit card while abroad is important, as it will allow you to get cash when you need it, which is far cheaper (and safer) than converting money at airports or banks. So make sure to bring a Visa or Mastercard debit card with a low international ATM fee and no foreign transaction fees when you head out of the country.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.