Best Credit Card For Foreign Travel With No Annual Fee
Traveling overseas can be an exciting adventure, but it can also be a costly one. Between airfare, hotels, food, and transportation, the expenses can add up quickly. One way to save money on foreign travel is by using a credit card with no foreign transaction fees. These fees can add up to 3% of every purchase, which can make a significant difference in your overall cost.
However, finding the right credit card for foreign travel with no annual fee can be challenging. There are so many options to choose from, and some cards offer more benefits than others. In this article, we will explore some of the best credit cards for foreign travel with no annual fee.
1. Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Credit Card is an excellent option for people who travel overseas frequently. This card has no foreign transaction fees, and it also offers rewards points for every purchase you make. You can earn 1.25 miles for every dollar you spend, and these miles can be redeemed for travel expenses such as flights, hotels, and car rentals.
Additionally, if you spend $1,000 within the first three months of opening your account, you will earn a bonus of 20,000 miles. This bonus is worth $200 in travel expenses, which can help offset the cost of your trip. The Capital One VentureOne Rewards Credit Card also comes with travel accident insurance, which can provide you with peace of mind while traveling overseas.
2. Discover it Miles Credit Card
The Discover it Miles Credit Card is another great option for people who travel overseas. This card has no foreign transaction fees, and it also offers rewards points for every purchase you make. You can earn 1.5 miles for every dollar you spend, and these miles can be redeemed for travel expenses such as flights, hotels, and car rentals.
Additionally, Discover will match all the miles you earn at the end of your first year as a cardmember. For example, if you earn 30,000 miles in your first year, Discover will match that amount, giving you a total of 60,000 miles. This bonus can be worth up to $600 in travel expenses. The Discover it Miles Credit Card also comes with travel accident insurance and baggage delay insurance, which can provide you with extra protection while traveling overseas.
3. Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards Credit Card is a great option for people who want a simple rewards program with no annual fee. This card has no foreign transaction fees, and you can earn 1.5 points for every dollar you spend. These points can be redeemed for travel expenses such as flights, hotels, and car rentals.
Additionally, if you spend $1,000 within the first 90 days of opening your account, you will earn a bonus of 25,000 points. This bonus is worth $250 in travel expenses, which can help offset the cost of your trip. The Bank of America Travel Rewards Credit Card also comes with travel accident insurance and auto rental collision damage waiver, which can provide you with extra protection while traveling overseas.
4. Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express Card is an excellent option for people who want a card with no annual fee and a generous rewards program. This card has no foreign transaction fees, and you can earn 3 points for every dollar you spend on travel expenses such as flights, hotels, and car rentals.
You can also earn 3 points for every dollar you spend on dining and ordering in, gas, and rideshares. All other purchases earn 1 point per dollar spent. Additionally, if you spend $1,000 within the first three months of opening your account, you will earn a bonus of 20,000 points. This bonus is worth $200 in travel expenses, which can help offset the cost of your trip. The Wells Fargo Propel American Express Card also comes with travel accident insurance and auto rental collision damage waiver, which can provide you with extra protection while traveling overseas.
Conclusion
In conclusion, traveling overseas can be expensive, but using a credit card with no foreign transaction fees can help you save money. The Capital One VentureOne Rewards Credit Card, Discover it Miles Credit Card, Bank of America Travel Rewards Credit Card, and Wells Fargo Propel American Express Card are all excellent options for people who want to earn rewards points while traveling overseas without paying an annual fee.
When choosing a credit card, it's essential to consider your spending habits and travel needs. Look for a card that offers a rewards program that aligns with your priorities and provides extra benefits such as travel accident insurance and auto rental collision damage waiver. With the right credit card, you can travel overseas without breaking the bank.