A credit card conversion fee, more commonly called a foreign transaction fee, is an extra charge by your credit card issuer for processing a transaction with a foreign merchant. It’s usually 2%-4% of what you spend. And while most credit cards do charge a conversion fee, there are a lot of great options that don’t. If you’re planning to travel abroad, it’s a good idea to get a “no foreign transaction fee credit card” in order to avoid an extra charge for paying by card at a foreign merchant.
Here are some of the best credit cards with no conversion fee:
Big Bonus: Chase Sapphire Preferred – 50,000 bonus points (worth $625 in travel) for spending $4,000 in the first 3 months. 2 points per dollar on travel and dining and 1 on everything else. $95 annual fee waived the first year. Requires excellent credit.
All-Around Travel Rewards: Barclaycard Arrival Plus World Elite Mastercard – 40,000 bonus miles (worth $400) for spending $3,000 in the first 90 days. 2 miles per dollar on all purchases. $89 annual fee waived first year. Requires excellent credit.
Study Abroad: BankAmericard Travel Rewards for Students – 20,000 bonus points for spending $1,000 in the first 90 days. 1.5 points per dollar on all purchases, 3 points per dollar at BoA Travel Center. No annual fee. Can get approved with limited or no credit.
Bad Credit: Capital One Secured Mastercard – One of the few secured cards that can be partially secured, giving you a credit line larger than your security deposit. No annual fee. Can get approved with bad credit.
There are also two banks, Discover Bank and Capital One, that don’t charge conversion fees on any of their credit cards. So cards like Discover it and Capital One Venture are great choices as well.
That's just the FTF, you see them listed for every card. If you want to travel, make sure the fees are 0.
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