Travel Credit Cards With No Foreign Transaction Fee
Traveling abroad can be expensive and one of the biggest costs associated with it is foreign transaction fees. These fees are charged by credit card companies every time you make a purchase in a foreign currency, typically around 3% to 5% of the total transaction amount. This may not seem like a lot, but if you're traveling for an extended period of time or making large purchases, these fees can add up quickly. Fortunately, there are travel credit cards available that offer no foreign transaction fees, which can help you save money on your travels. Here are some of the best travel credit cards with no foreign transaction fees:
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is one of the most popular travel credit cards on the market. In addition to offering no foreign transaction fees, it also offers a sign-up bonus of 60,000 points after you spend $4,000 on purchases within the first three months of opening your account. This equates to around $750 in travel rewards when you redeem through Chase Ultimate Rewards. The card also offers 2X points on travel and dining purchases, and 1X point on all other purchases. Other benefits include trip cancellation/interruption insurance, trip delay reimbursement, and baggage delay insurance.
Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is another great option for travelers. It offers 2X miles on every purchase, every day, and a sign-up bonus of 50,000 miles after you spend $3,000 on purchases within the first three months of opening your account. This equates to around $500 in travel rewards when you redeem your miles. The card also offers travel accident insurance, auto rental collision damage waiver, and 24-hour travel assistance services.
Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express Card offers no foreign transaction fees, and rewards you with 3X points per $1 spent on eating out, ordering in, gas stations, rideshares, transit, flights, hotels, homestays, and car rentals. It also offers 1X point per $1 spent on all other purchases. This card has no annual fee and provides cell phone protection, up to $600 per claim.
Citi Prestige Card
The Citi Prestige Card offers no foreign transaction fees and rewards you with 5X points on air travel and restaurant purchases, 3X points on hotel and cruise purchases, and 1X point on all other purchases. It also offers a sign-up bonus of 50,000 points after you spend $4,000 on purchases within the first three months of opening your account. Other benefits include trip cancellation/interruption protection, worldwide travel accident insurance, and access to the Citi Travel Concierge.
Conclusion
Traveling can be expensive, but by using a travel credit card that offers no foreign transaction fees, you can save money on your purchases abroad. The cards mentioned above are some of the best options available, but be sure to read the terms and conditions carefully before choosing a card that best suits your needs.
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Traveling abroad can be expensive and one of the biggest costs associated with it is foreign transaction fees. Fortunately, there are travel credit cards available that offer no foreign transaction fees, which can help you save money on your travels.
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Travel credit cards, no foreign transaction fees, Chase Sapphire Preferred Card, Capital One Venture Rewards Credit Card, Wells Fargo Propel American Express Card, Citi Prestige Card