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4 Best No Foreign Transaction Fee Credit Cards [August 2022]
WalletHub makes it easy to find the best credit card with no foreign transaction fees.
Credit cards with no foreign transaction fees save cardholders an average of 3% on purchases processed abroad. The best credit cards with no foreign fees also offer valuable rewards, providing even more savings, and using … show more… show more
Best No Foreign Transaction Fee Credit Cards of August 2022
NO FOREIGN FEE CREDIT CARDS
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Capital One Quicksilver Cash Rewards Credit Card Capital One Quicksilver Cash Rewards Credit Card

- $200 initial bonus
- 1.5% cash back on all purchases
- No annual fee
- 0% intro APR on purchases and balance transfers
- Potential for a very high interest rate
- Balance transfer fee
- Requires good/excellent credit
Capital One VentureOne Rewards Credit Card Capital One VentureOne Rewards Credit Card

- 20,000 miles initial bonus
- Unlimited 1.25 miles per $1 on every purchase
- Miles are redeemable for any travel-related expense on your bill
- 0% intro APRs
- No annual fee
- Balance transfer fee
- Potential for a very high regular APR
My GM Rewards Card™ My GM Rewards Card™
- No membership fees
- 0% intro APR on purchases
- High rewards rate
- 15,000 points initial rewards bonus
- No intro APR on balance transfers
- Requires good/excellent credit
Discover it® Cash Back Discover it® Cash Back
- Rewards earned in the first year get doubled
- Up to 5% cash back
- No annual fee
- 0% intro rates for 15 months
- Potential for a very high regular APR
- Bonus reward categories rotate, require quarterly signup and limit earnings
- Balance transfer fee
Capital One SavorOne Cash Rewards Credit Card Capital One SavorOne Cash Rewards Credit Card

- $200 initial bonus
- High rewards rate
- $0 annual fee
- 0% intro APR on purchases and balance transfers
- High regular APR
- Balance transfer fee
- Requires good/excellent credit
Bank of America® Travel Rewards credit card Bank of America® Travel Rewards credit card

- 25,000 points initial bonus ($250 in travel)
- 1.5 points / $1 spent
- No annual fee or foreign transaction fees
- User-friendly travel rewards redemption
- Very high regular APR
- Requires excellent credit
Chase Sapphire Reserve® Chase Sapphire Reserve®

- Initial Bonus: 60,000 points
- $300 Annual Travel Credit
- Up To 15% Back On Hotels and Car Rentals
- High Annual Fee
- High APR
Capital One Platinum Credit Card Capital One Platinum Credit Card

- No annual fee
- Available to people with limited credit
- Free credit-score access
- No foreign transaction fee
- No rewards
- Fairly high regular APR
- No reduced introductory rates
Capital One Venture Rewards Credit Card Capital One Venture Rewards Credit Card

- 75,000 miles initial bonus
- Unlimited 2 miles per $1 on every purchase
- Redeem for any-travel related expense
- $0 foreign transaction fee
- Terrible cash back redemption rate
- Monthly earnings are lost when bill payments are late
- Not built for financing
Discover it® Balance Transfer Discover it® Balance Transfer
- No membership fees
- Intro APR on purchases
- Intro APR on balance transfers
- High rewards rate
- Spending caps on rewards
- Rotating categories which require activation
- Balance transfer fee
Best No Foreign Transaction Fee Credit Cards in 2022

Chase Sapphire Preferred® Card
The best no foreign transaction fee credit card is the Chase Sapphire Preferred® Card. Chase Sapphire Preferred offers one of the best travel rewards bonuses on the market right now: 60,000 points (worth up to $750 in travel through Chase) in return for new cardholders making $4,000 in purchases within 3 months of opening an account. That more than covers the cost of the Sapphire Preferred Card’s $95 annual fee for years. The card also rewards users with 1 - 5 points per $1 on purchases normally. It requires at least good credit for approval.
Capital One Venture Rewards Credit Card
One of the best credit cards with no foreign transaction fees is the Capital One Venture Rewards Credit Card because it offers an initial bonus of 75,000 miles (after spending $4,000 in the first 3 months), and an ongoing rewards rate of 2 - 5 miles per $1 spent on purchases. All the rewards make up for the modest annual fee of $95.
Capital One Venture has an assortment of highly rated international travel benefits, too. For example, Capital One will automatically detect when you’re traveling, so you don’t have to notify them. And if you lose your card while traveling abroad, you can get Capital One to send an emergency replacement for free.
Discover it® Miles
One of the best credit cards with no foreign transaction fee and no annual fee is the Discover it® Miles. It also offers very attractive rewards, giving 1.5 miles per $1 normally and matching the rewards cardholders earn the first year. Just make sure Discover cards are accepted in your international travel or shopping destination of choice. Discover is not as widely accepted abroad as Visa or Mastercard, for example.
Citi Premier® Card
The Citi Premier® Card has a 0% foreign transaction fee and a big initial bonus: 80,000 points (worth $800 in gift cards at thankyou.com), which new cardholders can get by spending $4,000 within 3 months of opening an account. It also gives 3 points per $1 spent on air travel, hotel and gas station purchases, among other ongoing rewards. The Citi Premier Card has a $95 annual fee and requires good credit for approval.
Discover it® Student chrome
One of the best credit cards with no foreign transaction fee is the Discover it® Student chrome. It has a $0 annual fee to go along with its 0% foreign fee. It also offers 1 - 2% cash back in rewards on purchases and matches the rewards that you earn the first year your account is open. Discover it Student chrome is among the best credit cards for students with limited or no credit as a result.
Ink Business Preferred® Credit Card
Among the most rewarding credit cards on the market right now is the Ink Business Preferred® Credit Card, and it has a $0 foreign transaction fee. Among the card’s best features is an initial bonus of 100,000 points, which new cardholders can get by spending $15,000 within three months of opening an account. The annual fee is just $95, too.
No Foreign Transaction Fee Credit Cards Methodology & Recap
The best credit cards with no foreign transaction fees have annual fees as low as $0 and initial rewards bonuses worth up to $1,000 in travel, to go along with their $0 foreign fees and elite ongoing rewards. The very best no foreign transaction fee credit cards also require a credit score of 700 or higher for good approval odds, as they tend to be among the best credit cards on the market overall. There are options for people of all credit levels, though.
To find the best credit cards with no foreign transaction fee, WalletHub’s editors compared 1,000+ offers based on their foreign fees, credit-standing requirements, international acceptance and rewards. This approach helped us identify the top no foreign fee credit cards in the most popular usage categories. You can find a summary of WalletHub's editors’ picks below.
Best No Foreign Transaction Fee Credit Cards Comparison
Credit Card | Best For | Annual Fee |
Chase Sapphire Preferred® Card | Winner | $95 |
Capital One Venture Rewards Credit Card | International Travel | $95 |
Discover it® Miles | No Annual Fee | $0 |
Citi Premier® Card | Good Credit | $95 |
Discover it® Student chrome | Students | $0 |
Ink Business Preferred® Credit Card | Business | $95 |
Whether you’re traveling abroad or making purchases through an internationally based merchant, there are many reasons to get a credit card with no foreign fees. Let’s take a look at some of the most important.
5 Reasons To Get a Credit Card with No Foreign Transaction Fee
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Most credit cards charge foreign fees. About 70% of cards have foreign fees, according to our database. So if you don’t seek out a no foreign fee card, chances are you won’t get one. And no one wants to pay an extra 2% or 3% if they don’t have to.
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Credit cards have the best exchange rates. Any Visa or Mastercard credit card will help you save time and money – up to 11% – relative to converting hard currency at a local bank or an airport kiosk. But a foreign fee would limit your savings.
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Foreign fees erode rewards. The average foreign fee is about 1.49% of the amount you spend, according to our latest Credit Card Landscape Report, but many cards charge 3%. The average cash back credit card, on the other hand, gives you just over 1% back.
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Pickpockets won’t be as scary. If someone robs you of cash while you’re in a foreign country, there’s not much you can do about it. That money is gone. But if someone steals your credit card, you can request an overnight replacement, and you won’t be held liable for any unauthorized charges.
- You won’t have to sacrifice. Getting a card without foreign transaction fee does not mean giving up hopes of earning rewards or avoiding interest. Many of the market’s best credit cards do not charge foreign fees, so you can still find a great deal for your particular needs.
Methodology for Picking the Best No Foreign Transaction Fee Credit Cards
To identify the best credit cards with no foreign transaction fees, WalletHub’s editors regularly compare more than 1,500 credit card offers. We start by excluding all the offers with foreign fees and then calculate expected cardholder savings for the remaining options. This enables us to find the best no foreign transaction fee credit cards in different usage categories, from cards for frequent travelers to offers with no annual fee.
Why People Trust WalletHub
Unlike other sites that only recommend cards from their advertising partners, WalletHub editors focus on finding the best cards.
Best No Foreign Transaction Fee Credit Cards FAQ
Comparing no foreign fee credit card can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered.show more
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Featured Credit Cards
Ask the Experts
- Do credit card companies lose money by not charging foreign-transaction fees?
- Do credit cards with no foreign fee just make up for it with other charges?
- Do you think most people know whether their credit cards have foreign-transaction fees?
- Are there any other pitfalls people should watch out for once they have a no-foreign-fee credit card?
- Do people who get credit cards in other countries have to pay foreign fees in the U.S.?
- Does it cost card issuers/networks more to process international transactions than domestic ones?
Ph.D., Assistant Professor of Finance, Lucas College and Graduate School of Business, San José State University
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Ph.D., CFA, CFP® – Assistant Professor of Finance; AICPA® Blockchain Certified, John Chambers College of Business and Economics – West Virginia University
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Ph.D., Associate Professor of Finance, College of Business Administration, Savannah State University
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Adjunct Professor at the University of New Orleans and CEO of Jefferson Financial Federal Credit Union
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Assistant Professor of the Professional Practice of Finance, Rutgers Business School, the State University of New Jersey
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Ph.D., Assistant Professor of Economics, St. Mary's University, Texas
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