Best Travel Rewards Credit Card With No Foreign Transaction Fee
Are you planning to travel abroad? If yes, then it's essential to have a credit card that doesn't charge foreign transaction fees. A foreign transaction fee is a charge levied by your credit card company if you use your card for purchases in a foreign currency. This can add up to a significant amount over time. Fortunately, many credit card providers offer travel rewards credit cards with no foreign transaction fees. In this article, we'll review the best credit cards for travel rewards with no foreign transaction fees.
1. Chase Sapphire Preferred
The Chase Sapphire Preferred card is one of the most popular travel rewards credit cards on the market, and for good reason. With no foreign transaction fees, you can use this card to make purchases abroad without worrying about extra fees.
What's more, the Chase Sapphire Preferred card offers 2x points on travel and dining, making it an excellent choice for those who frequently travel or dine out. The card also offers a signup bonus of 100,000 points after you spend $4,000 on purchases in the first 3 months from account opening, which is worth $1250 when redeemed through Chase Ultimate Rewards®.
2. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is another great option for travelers. It has no foreign transaction fees and offers a signup bonus of 60,000 miles after you spend $3,000 on purchases within the first 3 months of account opening (equal to $600 in travel).
This card also earns 2x miles on every purchase and has flexible redemption options. You can use your miles to book travel directly through Capital One or transfer them to a partner airline or hotel loyalty program.
3. American Express Platinum Card
The American Express Platinum Card is a premium travel card that offers a host of perks for frequent travelers. The card has no foreign transaction fees and earns 5x points on flights booked directly with airlines or through American Express Travel.
The card also offers a variety of travel benefits, including access to airport lounges, TSA PreCheck or Global Entry fee credit, and trip cancellation/interruption insurance. However, the card comes with a hefty annual fee of $695.
4. Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards Credit Card is a good option for budget travelers. The card has no annual fee and no foreign transaction fees, making it an excellent choice for those looking to save money on their travels.
With this card, you earn 1.5 points per dollar spent on all purchases, and points can be redeemed for travel statement credits, gift cards, and cash. The card also offers a signup bonus of 25,000 points after you spend $1,000 on purchases in the first 90 days of account opening (worth $250 in travel statement credits).
5. Discover it Miles Card
The Discover it Miles Card is a unique travel rewards card that offers unlimited 1.5x miles on all purchases. The card has no annual fee and no foreign transaction fees, making it an excellent choice for budget-conscious travelers.
The Discover it Miles Card also offers a signup bonus where all miles earned in the first year will be matched at the end of the year. For example, if you earn 30,000 miles in the first year, you'll receive an additional 30,000 miles at the end of the year.
Conclusion
These are some of the best travel rewards credit cards with no foreign transaction fees available on the market. Choosing the right travel credit card can save you a lot of money while you're traveling abroad, so make sure to consider your needs and travel habits before making a decision. Safe travels!