Which bank has no foreign transaction fee

Best No Foreign Transaction Fee Credit Cards

Best Overall No Foreign Transaction Fee Credit Card

Chase Sapphire Preferred® Card

Up to 5x Reward Rate

Earn 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plusRead More

Welcome Bonus

60,000 bonus points

Regular APR

18.24% - 25.24% Variable

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

Offering a rare mix of high rewards rates and redemption flexibility, this card is a dream for frequent spenders on travel & dining - while charging a modest annual fee.

Pros & Cons

• Earn high rewards on several areas of spending
• Transfer points to travel partners at 1:1 rate
• Many travel and shopping protections

• Annual fee
• No intro APR offer
• Best travel earning rates are only for bookings through Chase

Card Details

• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
• Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
• With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.

Runner-Up No Foreign Transaction Fee Credit Card

Chase Sapphire Reserve®

Up to 10x Reward Rate

Earn 5x total points on air travel and 10x total points on hotels and car rentals when you purchase travelRead More

Welcome Bonus

80,000 bonus points

Regular APR

19.99% - 26.99% Variable

Credit Score

Excellent (750 - 850)

Why We Picked It

This card offers superior points earning rates if you spend frequently on travel and dining out. The $300 travel credit justifies much of the annual fee, and redeeming points for travel on Chase Ultimate Rewards.

Pros & Cons

• $300 annual travel credit is incredibly flexible
• Generous welcome bonus
• Get 50% more value when you redeem points for travel through Chase
• Points transfer to valuable airline and hotel partners

• High annual fee
• High variable APR on purchases
• Excellent credit recommended

Card Details

• Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,200 toward travel when you redeem through Chase Ultimate Rewards®
• $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
• Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
• 1:1 point transfer to leading airline and hotel loyalty programs
• Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more

Best Flat-Rate No-Foreign-Transaction Fee Credit Card

Capital One Venture X Rewards Credit Card

Up to 10X Reward Rate

Earn 2 miles per dollar on all eligible purchases and 5 miles per dollar on flights and 10 miles perRead More

Welcome Bonus

75,000 miles

Regular APR

19.99% - 26.99% (Variable)

Credit Score

Excellent (750 - 850)

Why We Picked It

Capital One’s most premium travel card is packed with extras that put it firmly in competition with other upscale credit cards, but at an annual fee that leaves the others far behind.

Pros & Cons

• Annual fee lower than others in its category
• Annual travel credit and anniversary miles alone could justify the annual fee
• Miles are easy to earn and easy to use

• Lack of domestic airline and upscale hotel travel partners
• Capital One lounge network in its infancy
• Lack of hotel status benefits

Card Details

• Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
• Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you’ll get Capital One’s best prices on thousands of options
• Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
• Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
• Earn unlimited 2X miles on all other purchases
• Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
• Receive up to a $100 credit for Global Entry or TSA PreCheck®
• Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs

Best No-Annual-Fee No Foreign Transaction Fee Credit Card

Capital One SavorOne Cash Rewards Credit Card

Up to 8% Cash Back

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® andRead More

Regular APR

17.99% - 27.99% (Variable)

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

The Capital One SavorOne card is a perfect cash back credit card for those who spend a lot at restaurants, grocery stores and on entertainment. With its 3% cash back rate in those categories, it's a win for socialites that don't want to pay for an annual fee.

Pros & Cons

• No annual fee
• Increased cash back on dining and entertainment
• No foreign transaction fees
• Easy-to-redeem cash back rewards
• Introductory APR on purchases and balance transfers

• High standard rate APR
• Limited cash back reward categories

Card Details

• Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
• Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
• Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Terms apply
• Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
• No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
• 0% intro APR on purchases and balance transfers for 15 months; 17.99% – 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
• No foreign transaction fee
• No annual fee

Best Airline No Foreign Transaction Fee Credit Card

United℠ Explorer Card

Up to 2X Reward Rate

Earn 2 miles per $1 spent on dining, hotel stays and United® purchases. 1 mile per $1 spent on allRead More

Welcome Bonus

Earn 50,000 bonus miles

Annual Fee

$0 intro annual fee for the first year, then $95

Regular APR

18.74% - 25.74% Variable

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

A top choice for casual or moderate United fliers; the perks can easily outweigh the annual fee. If you're prepared to spend on dining and hotels in addition to United purchases, you'll earn 2 miles per dollar.

Pros & Cons

• Annual fee waived the first year
• Free First Checked Bag when you pay with your card & Priority Boarding
• Earn unlimited miles with no caps
• No blackout dates

• Seat limitations on Saver Awards
• Everyday Awards flight pricing is expensive
• No 0% intro APR offer
• High regular APR

Card Details

• Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
• $0 introductory annual fee for the first year, then $95.
• Earn 2 miles per $1 spent on dining, hotel stays, and United® purchases
• Up to $100 Global Entry, TSA PreCheck® or NEXUS fee credit
• 25% back as a statement credit on purchases of food, beverages and Wi-Fi on board United-operated flights and on Club premium drinks when you pay with your Explorer Card
• Free first checked bags – a savings of up to $140 per roundtrip. Terms Apply.
• Enjoy priority boarding privileges and visit the United Club℠ with 2 one-time passes each year for your anniversary
• Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.

Best Hotel No-Foreign-Transaction Fee Credit Card

The World of Hyatt Credit Card

Up to 9X Reward Rate

Earn up to 9 points total per $1 spent at Hyatt - 4 bonus points per $1 when you useRead More

Welcome Bonus

Earn up to 60,000 Bonus Points

Regular APR

18.24% - 25.24% Variable

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

While Hyatt doesn't have an extensive network of properties compared to other chains, the value offered by The World of Hyatt Credit Card is outstanding. If you are a regular at Hyatt, a combination of high point redemption values, sweet perks and one free night stay per year will easily cover the annual fee and then some.

Pros & Cons

• Annual free night certificate on cardmember anniversary
• Complimentary World of Hyatt Discoverist status
• High points redemption values
• Generous welcome bonus

• Limited number of properties
• No worthwhile redemption options aside from Hyatt properties
• High regular APR
• No intro APR offer

Card Details

• Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent
• Enjoy complimentary World of Hyatt Discoverist status for as long as your account is open.
• Get 1 free night each year after your Cardmember anniversary at any Category 1-4 Hyatt hotel or resort.
• Receive 5 tier qualifying night credits towards status after account opening, and each year after that for as long as your account is open
• Earn an extra free night at any Category 1-4 Hyatt hotel if you spend $15,000 in a calendar year
• Earn 2 qualifying night credits towards tier status every time you spend $5,000 on your card
• Earn up to 9 points total for Hyatt stays – 4 Bonus Points per $1 spent at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
• Earn 2 Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships

Best Student No Foreign Transaction Fee Credit Card

Capital One Quicksilver Student Cash Rewards Credit Card

Regular APR

17.99% - 27.99% (Variable)

Credit Score

Average, Fair, Limited

Why We Picked It

Build credit and earn flat-rate cash back at the same time, for no annual fee.

Pros & Cons

• No foreign transaction fees
• No annual fee
• Excellent extra benefits 
• Solid cash-back rewards for a student credit card

• Other student cards may offer better earning potential

Card Details

• Earn unlimited 1.5% cash back on every purchase, every day
• Limited Time Offer: Earn $100 when you spend $100 in the first three months
• Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges
• Enjoy no annual fee, foreign transaction fees, or hidden fees
• Lock your card in the Capital One Mobile app if it’s misplaced, lost or stolen
• Earn up to $500 a year by referring friends and family when they’re approved for a Capital One credit card
• Earn 8% cash back on entertainment purchases when you book through the Capital One Entertainment portal
• Pick the monthly due date that works best for you
• Build your credit with responsible card use
• Whether you’re at a 4-year university, community college or other higher education institution, this card might be an option for you

Best No Foreign Transaction Fee Credit Card for Fair Credit

Petal® 2 “Cash Back, No Fees” Visa® Credit Card

Up to 10% cash back

1% cash back on eligible purchases right away. Up to 1.5% cash back on eligible purchases after making 12 on-timeRead More

Regular APR

15.99% - 29.99% (Variable)

Credit Score

Limited/Fair/Good/Excellent

Why We Picked It

If you have no credit or limited credit, the Petal 2 Credit Card is our first choice. You can check to see if you're pre-approved without impacting your credit score (a process that uses a "soft pull"). This card is light on fees, so if you don't carry a balance you may be able to build a solid credit history with responsible use while limiting your exposure to fees. However, those with missed payments or a bankruptcy on their credit report are unlikely to be approved.

Pros & Cons

• No fees: no annual fee, no foreign transaction fee, no late fee, no over limit fee
• No security deposit
• No credit history required

• No intro APR offer
• No cash advances or balance transfers
• Applicants with a damaged credit report may not qualify

Card Details

• No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee.
• Variable APRs range from 15.99% – 29.99%
• Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.
• 1% cash back on eligible purchases right away
• 2% – 10% cash back at select merchants
• $300 – $10,000 credit limits
• No credit score? No problem. If eligible, we’ll create your Cash Score instead.
• See if you’re pre-approved within minutes without impacting your credit score.
• Build credit alongside hundreds of thousands of Petal card members.
• Petal reports to all 3 major credit bureaus.
• No deposits required
• Card issued by WebBank

Best No Foreign Transaction Fee Credit Card for Bad Credit

U.S. Bank Altitude® Go Visa® Secured Card *

Up to 4X Reward Rate

Earn 4x points on dining and takeout, 2x points at grocery stores, gas stations and on streaming services and 1xRead More

Regular APR

28.99% variable

Credit Score

Bad/Poor (0 - 649)

Why We Picked It

If your biggest expenses are on dining and takeout, this is one of the best secured card offers available.

Pros & Cons

• Reports to all three major credit bureaus
• No annual fee
• Comes with a $15 annual streaming credit for eligible services

• Minimum deposit of $300 is required
• Non-bonus categories earn so-so rewards
• Other secured cards may offer rewards that better align with your spending

Card Details

• Earn 4x points on dining and takeout, 2x points at grocery stores, gas stations and on streaming services and 1x point on all other eligible purchases
• Earn a $15 streaming credit for annual streaming service purchases like Netflix and Spotify
• $0 annual fee

Best No Foreign Transaction Fee Credit Cards

Methodology

The best no foreign transaction fee credit cards were chosen based on welcome bonuses, fees, rewards and other key card attributes. Keep in mind what may be best for some consumers might not be right for you. Conduct informed research before deciding which cards will best help you achieve your financial goals.

How To Pick the Best No Foreign Transaction Fee Credit Card

Many credit cards don’t charge foreign transaction fees. To find the best one for you, you should consider your credit profile, spending patterns and which other benefits you care about. Most mid-tier and premium credit cards don’t charge foreign transaction fees and typically come with boosted earning rates and additional benefits—often in exchange for an annual fee. Depending on how much you spend in bonus categories and whether or not you can use the additional benefits, it could be well worth paying an annual fee, but is by no means necessary.

Frequently Asked Questions (FAQs)

What is a foreign transaction fee?

A foreign transaction fee is an additional fee, typically a percentage of the amount charged with each purchase made in a foreign currency or a foreign country. This fee may be charged even if you use dynamic currency conversion and pay in U.S. dollars.

How much are credit card foreign transaction fees?

Credit card foreign transaction fees vary but typically will be about 3%.

How do I avoid foreign transaction fees?

The best way to avoid paying foreign transaction fees is to get a credit card that does not charge them. Our top picks for no foreign transaction fee cards are on this list. You can also avoid paying foreign transaction fees by paying in cash, but if you do so by getting cash from a foreign bank, make sure you use an ATM card that doesn’t charge withdrawal fees (and better yet, reimburses the other ATM’s withdrawal fee).

Next Up in Credit Cards

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

Which banks have no foreign transaction fees?

How do I avoid foreign transaction fees?

Which cards does not have foreign transaction fees?

Which bank is best for foreign transaction?