Travelling abroad? Make sure you have the right plastic. The best credit cards for international travel don’t charge excessive foreign currency credit card fees, are accepted worldwide, and offer concierge-level service to help with your travels.
Credit cards accepted internationally
The most important is that you want any credit card for international travel to be accepted everywhere you go. That means a Visa or MasterCard. Although American Express has fairly widespread acceptance these days, they’re not everywhere. And while Discover Cards offer some of the lowest foreign currency exchange rates, they are not widely accepted outside the United States.
Increasingly, this also means choosing a card with ‘Chip and PIN’ technology. Long since the standard in Europe and elsewhere, these credit cards feature an embedded microchip and require you to use a PIN each time you pay — much like debit cards here in the United States.
No foreign currency transaction fee
Anytime you spend money in another country you’re going to pay something for converting U.S. Dollars into the local currency. This is true is you exchange cash at a money changer, withdraw local currency at an ATM, or make purchases with your credit card. Sometimes, you don’t even realize it because the bank simply gives you a less favorable exchange rate and pockets the difference. Other times, they charge you a percentage of the money changed, too.
Many credit cards do this with foreign currency transaction fees of two or three percent. So let’s say you live abroad for a while and charge $5,000. On a card with a three percent transaction fee, that’s an extra $150. The best cards for international travel do not charge this fee.
International credit card customer service
So say you’re travelling internationally and you lose your card. How easy it will be to get help from your credit card company? All cards have customer service numbers you can call from abroad, but some cater to international travelers with a slightly higher level of service—offering things like guaranteeing live operators and concierges that can help you figure out local travel or make dinner reservations.
Our picks: Best credit cards for international travel
Capital One Venture Card and VentureOne cards
The Venture Cards also have no foreign transaction fees and come coupled with better-than-average rewards like 2 miles per dollar on the $59-annual fee Venture Card and 1.25 miles per dollar on the VentureOne.
To learn more about how these two cards differ, read our full review of the Capital One Venture cards here.
BankAmericard Travel Rewards Credit Card
The BankAmericard Travel Rewards Visa features no foreign transaction fees, Chip and PIN technology for global acceptance, and competitive rewards: You earn 1.5 points for every dollar spent on purchases – 50% more than the average rewards programs which only offer 1 point per dollar.
Other cards to consider for international travel that have ‘Chip and PIN’ technology and competitive rewards include:
Before You Go…
Even if you don’t get a new credit card before you leave the country, do check with your existing credit card companies and bank to learn their fees on foreign transactions before you go, and just try to stick with the cheapest method. Typically withdrawing cash at an ATM or using your credit card will be less costly than using money changers.
It can also be helpful to call your credit card companies before you travel to let them know you’ll be out of the country; this way it’s less likely they’ll put a hold on your card after you use it in Bangkok. (For this reason, it’s also a good idea to have more than one credit card with you in case this happens…or at least some cash as backup!)
Disclaimer: One way I’m able to support my blogging is to link to products that pay a referral commission. I only link to products I trust. That said, you should know that apply for and are approved for any of these cards, I may be paid for that. If you choose to support Money Under 30 in that way, thanks!