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Best no foreign transaction fee credit cards in 2024

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You don’t want to spend unnecessary time thinking about foreign transaction fees while traveling — and you shouldn’t have to! There are several excellent credit cards that not only waive this pesky fee but also provide multiple other rewards for dollars spent on airfare, hotels, dining out, and more.

Calling all frequent flyers and world travelers! Your credit card’s foreign transaction fees can add hundreds, even thousands, of unnecessary dollars to your future trips. But why budget for this extra expense when more and more financial lenders are offering credit cards with no foreign transaction fees at all?

Instead of tacking an extra 3% or 4% onto nearly every credit card purchase you make overseas, consider one of the credit cards listed below. All have competitive rewards programs, and new cardholders can earn extra cash or miles for trips thanks to their welcome bonuses.

Overview: Best no foreign transaction fee credit cards

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

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  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
  • Member FDIC
Annual Fee Intro APR Regular APR Credit Needed
$95 N/A 21.49% - 28.49% Variable Excellent/Good

Key Features

  • Annual fee: $95.
  • Welcome bonus: 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Minimum credit requirement: Excellent; 750+.
  • Travel rewards: 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, 2x points on all other travel purchases, and 1 point on all other purchases.

The Chase Sapphire Preferred® Card is a particularly competitive credit card that has a great deal to offer travelers beyond the obvious no foreign transaction fees and generous points system.

Cardholders receive insurance coverage, such as auto rental collision and baggage delay insurance, a $50 annual Chase Ultimate Rewards® hotel credit, global access to a 24/7 concierge line, and more.

As if these benefits weren’t enticing enough, you can get 25% more value when you redeem points for travel purchased through Chase Ultimate Rewards®. For instance, right now new cardholders can earn an impressive welcome bonus to boost their vacation fund: 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

» MORE: See card details/apply or read our full Chase Sapphire Preferred® Card review

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

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See Rates & Fees.

  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
  • Transfer your miles to your choice of 15+ travel loyalty programs
Annual Fee Intro APR, Purchases Intro APR, Balance Transfers Regular APR Credit Needed
$95 N/A N/A 19.99% - 29.99% (Variable)
  • Excellent
  • Good

Key Features

  • Annual fee: $95.
  • Welcome bonus: One-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening.
  • Minimum credit requirement: Good; 700+.
  • Travel rewards: 2x miles earned for every $1 spent.

The Capital One Venture Rewards Credit Card is an excellent option for avid travelers, as it comes chock-full with many travel-related benefits.

Perhaps the greatest perk this card has to offer is two miles for every dollar spent on anything… anything. And, for as long as your account is open, those miles won’t expire. Don’t bother looking for a similar offer elsewhere — this perk is unheard of in the industry.

The Capital One Venture Rewards Credit Card also has a hefty welcome bonus for new cardholders: 75,000 miles once you spend $4,000 on purchases within 3 months from account opening.

Additional travel benefits include travel upgrades, shopping discounts and more.

Oh yes, and of course, you’ll never have to pay for foreign transactions (See Rates & Fees.).

» MORE: See card details/apply or read more in our Capital One Venture Rewards Credit Card review

Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card

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See Rates & Fees.

  • Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • $0 annual fee and no foreign transaction fees
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies
Annual Fee Intro APR, Purchases Intro APR, Balance Transfers Regular APR Credit Needed
$0 0% intro on purchases for 15 months 0% intro on balance transfers for 15 months 19.99% - 29.99% (Variable)
  • Excellent
  • Good

Key Features

  • Annual fee: $0.
  • Welcome bonus: One-time bonus of $200 cash bonus once you spend $500 on purchases within 3 months from account opening
  • Minimum credit requirement: Good; 700+.
  • Travel rewards: 1.5% cash back on all purchases.

We already know the Capital One Quicksilver Cash Rewards Credit Card doesn’t charge a fee for foreign transactions, but new cardholders will be thrilled to hear that this credit card also comes with numerous credit card benefits.

But this credit card is also an excellent choice for globetrotters and home bodies alike because of its cash back rewards. For every purchase made with your Capital One card, you get 1.5% cash back rewards. This offer is not only unlimited, but it won’t expire for the life of the account, and you can redeem cash back at any time. Also, unlike the other credit cards reviewed in this article, the Quicksilver card does not have an annual fee.

New applicants can receive a $200 cash bonus once you spend $500 on purchases within 3 months from account opening, so jump on this opportunity while you can.

» MORE: See card details/apply or read our full Capital One Quicksilver Cash Rewards Credit Card review

Citi Premier® Card

Citi Premier® Credit Card

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  • Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 60,000 ThankYou® Points are redeemable for $600 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchase
Annual Fee Intro APR, Purchases Intro APR, Balance Transfers Regular APR Credit Needed
$95 N/A N/A 21.24% - 29.24% (Variable)
  • Excellent
  • Good

Key Features

  • Annual fee: $95.
  • Welcome bonus: Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. These points are redeemable for $600 in gift cards at thankyou.com.
  • Minimum credit requirement: Good; 700+.
  • Travel rewards: 3x points at gas stations, supermarkets, restaurants, hotels, and on air travel; 1 point on all other purchases.

Like the Capital One Quicksilver Cash Rewards Credit Card, the Citi Premier® Card has an amazing rewards program for cardholders. For every dollar spent on gas, groceries, dinners out, hotel stays, and airline tickets, you’ll earn 3x the points. Every other purchase earns 1 point per dollar, and those points are unlimited in every category.

Here’s the catch: points must be redeemed through thankyou.com and only in select increments, such as $10, $25, and sometimes $50.

For travelers, in addition to waiving the foreign transaction fee, this card provides several additional perks. For instance, every year you can enjoy $100 off a single hotel stay of $500 or more (excluding taxes and fees and when you book through thankyou.com). You can also earn more for your ThankYou® Points by transferring them to an airline loyalty program like TrueBlue®, Virgin Atlantic Flying Club, and Singapore Airlines KrisFlyer.

Card info has been independently collected by MoneyUnder30 to help consumers better compare cards. The financial institution did not provide or approve card details.

American Express® Gold Card

American Express® Gold Card

Welcome Offer

Earn 60,000 Membership Rewards points after you spend $4,000 on purchases on your new card in your first six months of card membership.

Rewards

Earn 4X Membership Rewards points for purchases at restaurants worldwide; 4X Membership Rewards points for groceries at U.S. supermarkets (up to $25k in purchases); 3X points on flights booked directly with airlines or on amextravel.com; and 1X point per $1 spent on eligible purchases elsewhere.

Annual Fee

$250

Our Thoughts

High rewards potential on everyday purchases and travel purchases make the Gold Card a well-rounded offer for anyone.

Offer details accurate as of 9/6/23

In a Nutshell

The American Express® Gold Card is the premier credit card for foodies, offering 4x points at restaurants and supermarkets. Those with grand travel plans will be thrilled to hear this credit card also provides 3x points for dollars spent on airfare booked directly with amextravel.com. As if those perks weren’t incentive enough, new cardholders can earn 60,000 bonus miles when you spend $4,000 in the first six months from opening your account.

What We Like

  • 60,000 Membership Rewards® Points when you spend $4,000 within the first six months of account opening.
  • 4x points at restaurants, 4x points at supermarkets (up to $25,000 annually), 3x points on airfare, and 1 point per dollar spent everywhere else.
  • Cardholders are eligible to receive a $120 dining credit and $120 Uber Cash.

Key Features

  • Annual fee: $250.
  • Welcome bonus: 60,000 Membership Rewards® Points after spending $4,000 in the first six months.
  • Minimum credit requirement: Good; 700+.
  • Travel rewards: 4x points at restaurants, 4x points at supermarkets (up to $25,000 annually), 3x points on flights, and 1 point on all other purchases.

Our final no foreign transaction fee credit card is the American Express® Gold Card, and this one is a doozy. Cardholders can earn 3x points for dollars spent on airfare booked directly with amextravel.com, and once you’ve arrived at your destination, the Amex Gold Card provides perks for rideshares as well, with an automatic credit of $10 per month in Uber Cash (for rides or Uber Eats).

However, the Amex Gold Card’s greatest benefits will appeal most to foodies. The rewards program for this card offers a generous 4 points per dollar spent at restaurants and U.S. supermarkets (up to $25,000 spent annually, then 1X). That benefit alone can save you hundreds on groceries and dining out each year, but cardholders can also receive a $120 dining credit by using their Amex Gold Card with Grubhub, the Cheesecake Factory, and other select locations.

Unfortunately, the Amex Gold Card does have its drawbacks. There is a steep annual fee of $250, and many of the benefits associated with this card have restrictions, such as the spending cap on rewards points earned via supermarket purchases. So before you apply, review the fine print thoroughly and make sure the rewards you expect to earn (based on your current spending habits) will cancel out that annual fee.

The Bottom Line

For frequent flyers and travelers, a no foreign transaction fee credit card can mean significant savings overseas. However, these cards also come packed with additional rewards (and restrictions), so it’s important to think about your broader spending patterns and financial habits before applying.

For instance, the Capital One Venture Rewards Credit Card has an enticing welcome bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening. But if you don’t fly often, there’s little reason to select this credit card. Instead, consider an alternative like the Citi Premier® Card, which offers new cardholders 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. These points are redeemable for $600 in gift cards at thankyou.com., plus 3x points in multiple spending categories, like gas stations, supermarkets, and even air travel.

Furthermore, pay attention to details like APR and annual fees. For instance, the Amex Gold Card provides a generous rewards program, with 4x points at restaurants and supermarkets. However, if you don’t eat out much or are buying groceries for just yourself, those perks may not cancel out the hefty $250 annual fee. Meanwhile, the Capital One Quicksilver Cash Rewards Credit Card has no annual fee and rewards cardholders with 1.5% cash back for any and every purchase (See Rates & Fees.).

All in all, while no fees on foreign transactions is certainly a worthwhile reward to search for, it’s not the only box your next credit card should check. Consider the benefits offered with each credit card and select the option that rewards your current lifestyle.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

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