The Chase foreign transaction fee is either $0 or 3% of what you spend, depending on which credit card you get. Chase’s most popular travel rewards credit cards don’t charge foreign fees. That includes both Sapphire Preferred and Sapphire Reserve. But Freedom, Freedom Unlimited and Slate are among the Chase credit cards with a 3% foreign transaction fee.
It makes sense that the Chase Sapphire cards don’t have foreign fees, while Chase Slate does. The Sapphire cards are specifically intended for travel, and travel isn’t always domestic. And Slate is designed for saving on debt, not globetrotting. But it’s a little weird that Freedom isn’t free internationally, even when it’s Unlimited. After all, even if you don’t travel abroad, Chase’s credit card foreign transaction fee could come into play. It applies to purchases made through international companies when you’re in the U.S., too.
Still, those might not be the only Chase cards you’re interested in. So I’ll break down more of your options below.
Here are the Chase credit cards with no foreign transaction fee:
- Chase Sapphire Preferred - $95 annual fee ($0 first year)
- Chase Sapphire Reserve - $450 annual fee
- Ink Business Preferred - $95 annual fee
- J.P. Morgan Reserve - $450 annual fee
- United MileagePlus Explorer Business - $95 ($0 first year)
Here are the Chase cards with a 3% foreign transaction fee:
- Chase Freedom - $0 annual fee
- Chase Freedom Unlimited - $0 annual fee
- Chase Slate - $0 annual fee
- Disney Rewards - $0 annual fee
Apparently, you have to choose between paying Chase foreign transaction fees and annual fees. But think of it this way: If you’re a frequent traveler, not having to pay fees abroad probably outweighs the cost of a once a year annual fee.
Let’s say you spend $5,000 abroad in one year. 3% of that is $150. And that’s more than the annual fee of 3 no foreign fee Chase cards. Plus, people with Sapphire Reserve and J.P. Morgan Reserve are probably spending a lot more than that.