One of the major banks that have the lowest foreign transaction fees is Capital One, as it has $0 foreign transaction fees on all its cards. Having a card with a low foreign transaction fee can save you a lot of money while traveling abroad or doing business online with a foreign merchant.
It’s important to remember, even banks that charge foreign transaction fees on some cards may not charge it on all their cards. Below, you’ll see the range of foreign transaction fees that each major bank has, as well as some of the best credit cards with the lowest foreign transaction fees picked by WalletHub editors.
Looking for a no foreign transaction fee credit card is a great idea when you are about to travel to a foreign country. However, there are other factors you should consider before using your card internationally.
Banks that have no foreign transaction fees on at least some debit card purchases, ATM withdrawals and credit card transactions include Capital One and HSBC. There are also plenty of banks that offer no foreign transaction fees on certain types of financial products but not others. Below, you can see what each major bank offers.… read full answer
Banks With No Foreign Transaction Fees
American Express: certain credit cards
Bank of America: certain credit cards
Barclays: certain credit cards
Capital One: all credit cards, certain debit cards, certain ATM transactions
Charles Schwab Bank: certain debit cards, certain ATM transactions
Chase: certain credit cards
Citibank: certain credit cards, certain ATM transactions
SBC: all credit cards, certain debit cards, certain ATM transactions
PNC: certain credit cards, certain ATM transactions
Santander Bank: certain credit cards, certain debit cards
U.S. Bank: certain credit cards
Wells Fargo: certain credit cards, certain ATM transactions
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