Best Travel Credit Card No Foreign Transaction Fee
Are you one of the many people who love to travel and see the world? If so, you know how expensive it can be to use your credit card abroad. Foreign transaction fees can add up quickly and put a dent in your travel budget. Fortunately, there are many credit cards that offer no foreign transaction fees, which can save you a lot of money on your next trip. In this article, we will go over some of the best credit cards for travelers that do not charge foreign transaction fees.
1. Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is an excellent choice for anyone who travels frequently. It offers a large signup bonus of 60,000 points when you spend $4,000 within the first three months of opening the account. These points can be redeemed for travel rewards, including flights and hotel stays.
This card has no foreign transaction fees and earns two points for every dollar you spend on travel and dining. You also earn one point per dollar spent on all other purchases. The annual fee for this card is $95.
2. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card offers a signup bonus of 50,000 miles when you spend $3,000 within the first three months of opening the account. These miles can be redeemed for travel expenses, including flights, hotels, and rental cars.
This card has no foreign transaction fees and earns two miles for every dollar spent on all purchases. The annual fee for this card is $95, but it is waived for the first year.
3. American Express Platinum Card
The American Express Platinum Card is a high-end credit card that offers a wide range of benefits for travelers. It has a large signup bonus of 60,000 points when you spend $5,000 within the first three months of opening the account. These points can be redeemed for travel rewards or transferred to airline and hotel partners.
This card has no foreign transaction fees and earns five points for every dollar spent on flights and hotels booked through American Express Travel. It also earns one point per dollar spent on all other purchases. The annual fee for this card is $550.
4. Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards Credit Card is a great option for anyone who wants a simple rewards program without an annual fee. It offers a signup bonus of 25,000 points when you spend $1,000 within the first 90 days of opening the account. These points can be redeemed for travel statement credits.
This card has no foreign transaction fees and earns 1.5 points for every dollar spent on all purchases. The points can be redeemed for travel statement credits, which means you can use them to pay for any travel expense. There is no annual fee for this card.
5. Citi Premier Card
The Citi Premier Card is another great option for travelers. It offers a signup bonus of 60,000 points when you spend $4,000 within the first three months of opening the account. These points can be redeemed for travel rewards or transferred to airline partners.
This card has no foreign transaction fees and earns three points for every dollar spent on travel and gas purchases. It also earns two points per dollar spent on dining and entertainment, and one point per dollar spent on all other purchases. The annual fee for this card is $95.
Conclusion
When you are traveling abroad, the last thing you want to worry about is expensive foreign transaction fees. By using one of the credit cards mentioned above, you can avoid these fees and earn rewards for your travel purchases. With a bit of research and careful consideration, you can find the best travel credit card with no foreign transaction fees for your needs.