No matter where you are in life, there’s the possibility of improving your financial situation. From saving money to borrowing money, there are a variety of ways to get your personal finances on track. Some people are lucky enough to have plenty of money to spend; others are forced to live paycheck to paycheck and save money as a last resort.
Regardless of your current financial standing, there’s the potential for improvement. That’s why there are so many great no foreign transaction fee credit cards out there. These cards are perfect for people who are looking to get their financial life on track and begin saving money again. They’re also great for anyone who wants to earn points for spending a set amount of money.
Credit cards have become one of the most widely accepted ways for consumers to borrow money and the easiest ways to increase credit scores. Because of this, there are an increasing number of credit card offerings that do not charge an additional fee for using a card to make purchases. This article will help you decide which of these cards may be right for you.
- Who Will Benefit From No Foreign Transaction Fee Credit Cards
- The 7 Best No Foreign Transaction Fee Credit Cards
- What is a No Foreign Transaction Fee Credit Card?
- How to Apply for a No Foreign Transaction Fee Credit Card
- The Types of No Foreign Transaction Fee Credit Cards
- The Best No Foreign Transaction Fee Credit Card
- The Downside of The Foreign Transaction Fee Credit Card
- Final Words
Who Will Benefit From No Foreign Transaction Fee Credit Cards
Businessmen or a student will get more benefits from no foreign transaction fee credit card when you purchase using this card outside of the country. When it comes to finding the best credit card for yourself, it’s important to evaluate each option against one another and examine the fee structure of each card.
Ideally, you’d like to avoid paying any added fees for using a card. Because of this, you’ll want to ensure that each card has a similar fee structure so you don’t have to pay an extra fee for each purchase you make with each card.
The 7 Best No Foreign Transaction Fee Credit Cards
Do you ever wonder why you can’t find a credit card that doesn’t charge a foreign transaction fee? It might seem like an odd thing to sweat when you’re paying with a credit card. After all, how can fees get a hold of your purchase? But in reality, credit card companies are trying to protect themselves from a certain type of customer.
The best credit card for saving money is the one that doesn’t charge a fee for foreign transactions. In this blog post, you can learn about the best no foreign transaction fee credit card so that you never have to worry about spending money you don’t have again.
1. Chase Sapphire Reserve
The Chase Sapphire Reserve is one of the most exclusive credit card offers available. If you most of the time foreign purchases then this credit card is the best option for you. This card costs a $550 annual fee and comes with $50,000 bonus points when you spend $4000 in the first 3 months. Chase Sapphire Reserve does not require a minimum credit score and is only available to those who have a banking relationship with Chase. The card also comes with a $300 annual travel credit. This is one of the best cards for people who travel a lot.
- No foreign transaction fee.
- Travel and purchase coverage.
- You can turn your points into travel experiences and so much more.
- Point transfer.
- High annual fee.
- APR variable up to 24.24$.
2. Citi Bank Costco Anywhere Visa® Credit Card
The Citi® Costco Anywhere Visa® Credit Card is another best credit card for no foreign transaction fee and comes with no annual fee for paid Costco membership. You can use this anywhere Visa card accepts points. Citi Bank Costco Anywhere Visa® Credit Card also offers cash back rewards of 1% to 4%. Citi has become known for its rotating credit card promotions, and it is one of the most talked-about no-fee card providers.
- No foreign transaction fee.
- No annual fee.
- Cash back up to 4%.
- Point transfer.
- Active Costco membership requires.
- APR variable up to 15.49$.
3. Capital One® Quicksilver® Cash Rewards Card
The Capital One® Quicksilver® Cash Rewards Card is the best for Low Intro APR and has no foreign transaction fee that comes with no annual fee. You can earn unlimited 1.5% cash back on every purchase and one-time $200 when you spend $3000 in the first three months.
Recently this credit card offers up to 18% cash back with lifetime validity on monthly purchases. Capital One® Quicksilver® Cash Rewards Card also offers rewards, travel accident insurance, and 24 hours travel assistance service. For your late payment, you have to charge up to 40%, and then you can use the card forever.
- No foreign transaction fee.
- No annual fee.
- Unlimited 1.5% cash back.
- 15 months 0% Intro APR for purchases and balance transfer.
- You need a good credit score to get this card.
4. Ink Business Preferred® Credit Card
This best no foreign transaction fee credit card comes with 100,000 bonus points when you spent $15000 in the first 3 months. Ink Business Preferred® Credit Card also offers $1 for 3 points on the first $150,000 spent on travel, shipping purchases, advertising purchases, internet, cable, and phone services. With a $95 annual fee, this card has 16.24%–21.24% APR.
- No foreign transaction fee.
- 3X bonus points on combined purchases.
- Travel & purchase coverage.
- The annual fee is $95.
- APR variable 16.24% to 21.24%.
5. Discover it® Miles Card
If you travel most of the time outside of the country for your business purpose then the Discover it® Miles Card is another one of the best no foreign transaction fee credit cards that also offer no annual fee also.
The card gives cardholders daily miles per dollar spent feature, and they can redeem their miles for cash back or gift cards. You can earn up to 32,400 miles which equal $324 per year and also earn a welcome bonus.
- No foreign transaction fee.
- No annual fee.
- 99% nationwide acceptance.
- 0% intro APR for 15 months.
- You need a good/excellent credit score.
- After 15 months APR variable 12.24% – 23.24%.
6. Blue Cash Preferred Card
The Blue Cash Preferred Card offers 0% Intro APR for the first 12 months and $350 cash back when you spend $3000 on your new card. This card also offers different types of cash back on groceries, streaming, and transit is another no-fee credit card that comes with no annual fee. Blue Cash Preferred Card gives cardholders a $50 cash back towards travel purchases when they use the card at participating travel sites, including hotel rooms and airfare.
- Cash back up to 6%.
- No annual fee.
- 0% intro APR for 12 months, purchases, and transactions.
- You need a good/excellent credit score of 690-850.
- After 12 months APR variable 14.74% to 24.74%.
7. Bank of America® Travel Rewards Credit Card
This card is mostly known for the best no foreign transaction fee and no annual fee. Bank of America®’s Travel Rewards Credit Card offers an unlimited bonus $1 for 1.5 points. This card has a low intro APR first 15 months off and then 14.24% to 24.24%, but it is also the one with the most benefits.
The Black Card is only available to those who have a relationship with a black-owned financial institution. To apply for this credit card your credit score must have above 750.
- No foreign transaction fee.
- No annual fee.
- 99% nationwide acceptance.
- 0% intro APR for 15 months.
- You need a higher credit score above 750.
- After 15 months APR variable 14.24% – 24.24%.
What is a No Foreign Transaction Fee Credit Card?
A no foreign transaction fee credit card is a card that lets you charge your purchases in foreign currencies without incurring a fee. There are many different kinds of no foreign transaction fee credit cards, but all of them have one thing in common – they don’t charge a fee for international transactions.
This can come in handy for people who travel a lot for business or vacation and don’t have to worry about running out of money or not being able to pay for things because of an expensive exchange rate.
You may have a good credit score to apply for those cards. Don’t worry if you do not have a good credit score then second chance credit cards are the best option for you because these cards do not justify your credit score.
How to Apply for a No Foreign Transaction Fee Credit Card
You can’t apply for a no foreign transaction fee credit card directly with the card company. You will have to go through a special channel, like a bank or credit union, to get a no foreign transaction fee credit card.
The first step in applying for a no foreign transaction fee credit card is to determine if you qualify for one. Some people will have a hard time qualifying for a no foreign transaction fee credit card, while other people will have no problem getting one.
The Types of No Foreign Transaction Fee Credit Cards
There are many different types of no foreign transaction fee credit cards, and they all have different benefits. It’s important to know the different types of no foreign transaction fee credit cards so that you can decide which type is best for you.
The easiest way to think about no foreign transaction fee credit cards is that they’re like cash advances. You can use a cash advance card to make large, one-time purchases, but you usually have to pay off the debt the same day that you take the cash advance.
Other no foreign transaction fee credit cards will allow you to make regular monthly or yearly payments without having to pay off the entire balance at once. This makes them perfect for people who want to save money over time.
The Best No Foreign Transaction Fee Credit Card
When it comes to deciding which no foreign transaction fee credit card is best for you, there are a few things to keep in mind. The first thing that you should consider is how often you’ll use the card.
Some people will love using a card that comes with no fees all the time, while others will prefer a card that comes with no fees when they have a specific need. Next, think about your travel budget. If you travel a lot for work or pleasure, you’ll want to make sure that you can afford to pay off the card each month.
Last but not least, choose a card that fits your interests. If you like to shop for expensive clothes, get a card that lets you charge those purchases to your bank account. On the other hand, if you just want to use the card to make regular monthly payments, go with a no foreign transaction fee credit card that doesn’t require a tradeoff between benefits.
The Downside of The Foreign Transaction Fee Credit Card
The best no foreign transaction fee credit card doesn’t charge a fee for international transactions. This means that you won’t have to worry about running out of money or having to pay high-interest rates if you take out a higher-interest credit card that charges a fee.
Most no foreign transaction fee credit cards will have an annual fee, though, so you’ll have to keep that in mind when choosing a card.
Final Words
There are many no foreign transaction fee credit cards out there. Which one is the best for you? It all comes down to how often you’ll use the card and how much money you want to put down each month. The best no foreign transaction fee credit card will let you make payments without exhausting your finances.
It will also provide you with plenty of benefits, including no annual fee, no bank fee, and no fee for international transactions. Do you have a no foreign transaction fee credit card? If so, let us know what your favorite benefit is in the comments below! We’ve compiled a list of the best no-fee credit cards so that you can save even more money when applying for a new card.
