The Bank of America Cash Rewards foreign transaction fee is 3%. That means BofA Cash Rewards cardholders pay an extra 3 cents per $1 on purchases from merchants based in foreign countries. The BofA Cash Rewards foreign transaction fee can apply whether you travel to another country or you go shopping internationally through your computer.

Not every Bank of America credit card charges a foreign transaction fee. The Bank of America Travel Rewards card has no foreign fee, for example, as does the BofA Premium Rewards card. So they are better options to use for foreign purchases than Bank of America Cash Rewards.

Bank of America Cash Rewards foreign transaction fee info:

Bank of America Cash Rewards foreign transaction fee: 3% of any purchase from a foreign-based merchant.
When you owe the foreign transaction fee: In-person and online purchases processed internationally.
Bank of America Cash Rewards vs. other BofA cards: Nearly 10 Bank of America credit cards have a 3% foreign transaction fee. All other BofA credit cards, including the Travel Rewards and Premium Rewards cards, have no foreign transaction fees.

The Bank of America Cash Rewards foreign transaction fee isn't the only fee you have to worry about with this card. If you take out a cash advance, you will owe $10 or 5% of the transaction amount, whichever is greater. Late payments will cost you up to $38 extra. And if you transfer a balance to the card, you'll pay a fee equal to 3% of the amount. Fortunately, BofA Cash Rewards has no annual fee.

One of the best cash back credit cards with no foreign transaction fee is the Capital One Quicksilver card, which gives a $150 bonus when you spend $500 in the first 3 months, plus 1.5% cash back on all purchases. Discover it Cash Back is another good choice, offering up to 5% cash back and matching all the rewards you earn the first year. Discover and Capital One don't have foreign transaction fees on any of their cards.