The Wells Fargo Propel foreign transaction fee is 0%. The card also comes with a $0 annual fee. So, you’ll pocket most of the rewards you earn with Wells Fargo Propel. It gives 1 - 3 points per $1, depending on the type of purchase. However, the Wells Fargo Propel is no longer available to new applicants.
You should also note that if you frequently travel abroad, Wells Fargo Propel may pose some limitations. American Express cards are not as widely accepted internationally as Visa or Mastercard credit cards.
Alternative Credit Card Options with No Foreign Transaction Fees
The top Wells Fargo Propel benefits include $1,200 per year in cell phone insurance, reimbursement for damaged or stolen purchases, and $150,000 in travel accident insurance. The Wells Fargo Propel has a number of other perks, too, such as a $0 annual fee, 0% foreign transaction fees, and rewards of up to 3 points / $1 spent on purchases.… read full answer
Here are the top Wells Fargo Propel benefits:
Cell phone insurance
Insures your cell phone up to $600 per claim and $1,200 per year, with a $25 deductible, when you pay your cell phone bill with the Wells Fargo Propel.
Doubles the existing manufacturer’s warranty on items you buy with the Wells Fargo Propel, adding up to a maximum of 12 months.
Covers up to $1,000 per claim and $50,000 per account, per year for items you buy with your card that are damaged or stolen within 90 days.
Gives up to $300 per claim and $1,000 per account per year when you try to return a working, good-condition item you bought with a Wells Fargo Propel to a store and they won’t accept it.
Travel accident insurance
Offers up to $150,000 per trip when you, your spouse, or your unmarried dependent children are in a serious accident on a trip paid for with the Wells Fargo Propel.
Gives up to $1,000 per person, per trip when you, your spouse, or your unmarried dependent children have your bags lost or stolen while on a common carrier.
Rental car insurance
Provides up to $50,000 in reimbursement for rental cars paid for with the Wells Fargo Propel that are damaged or stolen.
This card’s initial bonus used to be 20,000 points for spending $1,000 within the first 3 months.
Exclusions and coverage limits apply to many of these benefits, so make sure to check your Wells Fargo Propel’s guide to benefits for more details on each type of insurance.
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 one credit card with no foreign transaction fees.… read full answer
Here are the foreign transaction fees by credit card company:
Credit Card Company
Standard Foreign Transaction Fee
Offers Card(s) with No Foreign Transaction Fee ?
Bank of America
Issuers charge foreign transaction fees on purchases made outside the U.S., whether in-person or online. The fee is always a percentage of the total purchase amount. The reason credit card companies charge foreign transaction fees is to help pay for the costs of currency conversion in international purchases. It’s essential to take a no foreign transaction fee credit card when going abroad, because those charges can quickly build up.
The Wells Fargo foreign transaction fee is either $0 or 3%, depending on the 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 it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant.… read full answer
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