What's the Wells Fargo foreign transaction fee? This question is about Wells Fargo Credit Cards

What's the Wells Fargo foreign transaction fee?

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This question is about Wells Fargo Credit Cards

Maria Adams, Credit Cards Moderator

@m_adams • 02/19/21 This answer was first published on 02/19/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Wells Fargo foreign transaction fee is either 0% or 3%, depending on the card. The Hotels.com® Rewards Visa® Credit Card doesn’t have a foreign fee, but all other Wells Fargo cards charge 3%. So, most people with a Wells Fargo credit card or debit card will pay an extra 3% on purchases from a foreign merchant, both in-person and online.

Fortunately, plenty of other credit card companies, like Chase, Citi and U.S. Bank, offer cards with no foreign transaction fees. Plus, none of the cards from Capital One, Discover or USAA charge foreign transaction fees.

Carolyn Nash, Member

@carolyn_nash1 • 03/15/18 This answer was first published on 03/15/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Not the best, 3%. If you're thinking of travelling, a good idea would be to look for one without any fees.

Mark Freeland, Member

@msf_3 • 01/06/19 This answer was first published on 01/06/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Wells Fargo's Wells Fargo Propel charges nothing as a "foreign currency conversion fee". An odd choice of words. Its disclosure statement makes no direct mention of a foreign transaction fee.

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Best Credit Cards with No Annual Fee and No Foreign Transaction Fee

Overall Capital One SavorOne Cash Rewards Credit Card
Bonus Rewards Bank of America® Travel Rewards credit card
Cash Back Rewards Capital One Quicksilver Cash Rewards Credit Card
Travel Rewards Capital One VentureOne Rewards Credit Card
No Credit Petal® 2 Visa® Credit Card
Bad Credit Discover it® Secured Credit Card

The best credit card with no annual or foreign fees really depends on your credit standing and what type of rewards or other features you’re looking for. Fortunately, there’s a whole range of attractive possibilities.

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How much are Wells Fargo Cash Wise foreign transaction fees?

The Wells Fargo Cash Wise foreign transaction fee is 3%. The fee is added to the total amount of any transaction made outside of the United States or through an internationally-based merchant online. 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 1.8% cash back on digital wallet purchases during the first 12 months and 1.5% back on all other purchases, plus $150 for spending $500 in the first 3 months. However, any rewards earned will be reduced, if not wiped out completely, by a 3% fee tacked on to each international transaction.… read full answer

Here’s some more info about the Wells Fargo Cash Wise card:

Wells Fargo Cash Wise Foreign Transaction Fee: 3%

When It Applies: Transactions processed internationally, in-person and online.

International Acceptance: 200+ countries and territories

Annual Fee: $0

If you are looking for a credit card with no foreign transaction fees there are lots of really good options. So, make sure to shop around.

Ultimately, it is worth noting that the Wells Fargo Cash Wise foreign transaction fee is not uncommon, as nearly 90 percent of all credit cards on the market charge extra for international purchases. Capital One and Discover cards are among the best alternatives because they are two of only a handful of major issuers that do not charge foreign transaction fees on any of their cards. Credit cards from USAA, HSBC, and BECU also come with no foreign transaction fee.

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