The annual percentage rate (APR) or interest rate on a card is a key feature to consider when picking a card with no foreign transaction fee. Common credit card fees include annual fees, late fees (usually around up to $40 for each missed payment), balance transfer fees (usually 3 percent to 5 percent of the amount you’re transferring), cash advance fees and returned payment fees. In either case, it’s important to know what fees you might incur (and how much you’ll be charged) while comparing options. Others tout no foreign transaction fees as one of many travel perks. Some cards that skip foreign transaction fees also offer other consumer-friendly terms. Keep in mind that you may find some annual-fee cards are worth the expense due to the high-end rewards they offer. Luckily, there are many cards on the market that have no annual fee and no foreign transaction fee. When considering cards with an annual fee, it’s important to weigh whether that fee can be offset or recouped with reward earnings, added benefits and perks, or if you can just generally shoulder the added cost. Is there an annual fee?Īnnual fees are common among mid-tier and premium travel credit cards, which frequently skip foreign transaction fees. Along with base rewards and a lack of foreign transaction fees, top-tier travel credit cards commonly offer trip cancellation insurance, supplemental auto rental insurance, free checked bags, free amenities like Wi-Fi or complimentary breakfast, airport lounge access and other notable travel benefits and coverages. If you are trying to choose a travel credit card, make sure you compare the full suite of benefits each one offers. What other travel-related perks are available? In addition to travel cards offering points or miles, some of the best no-foreign-transaction-fee cards offer cash back rewards on popular spending categories. If you want to earn rewards while avoiding foreign transaction fees, look for cards that offer bonus rewards in categories that match your spending habits. Here are a few things to think about when searching for a card with no foreign transaction fee: What base rewards come with the cards? While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.Īs you search for a card to use for your upcoming international trip, it’s important to fully understand foreign transaction fees, how they work and how you can avoid them. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.ī is an independent, advertising-supported publisher and comparison service. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.Įditorial policy, so you can trust that our content is honest and accurate. Our experts have been helping you master your money for over four decades. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. Our editorial team does not receive direct compensation from our advertisers.īankrate’s editorial team writes on behalf of YOU – the reader. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first.
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