Best no foreign transaction fee credit cards of February 2025
Traveling abroad or shopping internationally can be both exciting and expensive. One often-overlooked cost is the foreign transaction fee, a percentage charged by your credit card issuer for every purchase made in a foreign currency. These fees can quickly add up, significantly impacting your travel budget.
To avoid these costs, consider using a credit card that offers no foreign transaction fees. With such a card, you can save money on every international purchase, whether you’re dining in a Parisian bistro, shopping in a Tokyo department store, or buying online from international retailers.
Browse our expert’s selection of the best no foreign transaction fee credit cards and find the perfect card for your travel needs. By choosing the right card, you can make the most of your next adventure!
OUR FEATURED CARD LIST
CardRatings’ top picks for no foreign transaction fee credit cards
Traveling the world shouldn’t come with hidden fees. To help you save money on your next adventure, our credit card and travel experts have curated a list of the best no foreign transaction fee credit cards. These top-rated cards offer a range of benefits, from rewards and cash back to travel insurance and airport lounge access. By choosing one of these cards, you can enjoy your travels without worrying about extra charges.
Why we like it
Sure, it's nice to avoid foreign transaction fees, but wouldn't it be nice if your card also rewarded you handsomely for becoming a new cardholder? This card comes with a great welcome bonus, which can easily be put to good use on your next trip abroad.
Sure, it's nice to avoid foreign transaction fees, but wouldn't it be nice if your card also rewarded you handsomely for becoming a new cardholder? This card comes with a great welcome bonus, which can easily be put to good use on your next trip abroad.
- The high ongoing rewards rates are terrific, but what we really love is the value of Chase Ultimate Rewards points. Transfer your rewards to leading travel partners, or redeem them for travel in the Chase Travel℠ portal for a 25% boost in value.
- This card comes with a $50 annual Chase Travel hotel credit.
- The trip cancellation/trip interruption insurance, especially these days, should help add relief when booking a trip.
- There is an annual fee of AnnualFees. Could be worse, but still, nobody enjoys paying an annual fee.
- This card's rewards earning works well for a certain type of spender, but not everyone. If you aren't going to be able to maximize the rewards given the categories, you might be better off with a different card.
Why we like it
We love a card with an easy rewards structure when it comes to both earning those rewards and redeeming them. This card checks both of those boxes. You can fly any airline, stay at any hotel, anytime. Plus, you can transfer your miles to multiple leading travel loyalty programs. It also offers you a Global Entry or TSA PreCheck application fee reimbursement, a perk that's rare among cards with this low of an annual fee.
We love a card with an easy rewards structure when it comes to both earning those rewards and redeeming them. This card checks both of those boxes. You can fly any airline, stay at any hotel, anytime. Plus, you can transfer your miles to multiple leading travel loyalty programs. It also offers you a Global Entry or TSA PreCheck application fee reimbursement, a perk that's rare among cards with this low of an annual fee.
- Enjoy up to a $120 application fee credit to cover your Global Entry or TSA PreCheck membership.
- While your rewards are quite flexible and can be redeemed for any eligible travel purchase, you can also choose to transfer your miles to one of a number of hotel or airline loyalty programs, which could yield even more value.
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked with your card through the Lifestyle Collection.
- There's an annual fee and, as annual fees go, it isn't too steep. But still, it needs to be considered.
- If you decide to redeem for cash instead of travel, you won't be maximizing the full value of your rewards. So it's good for travel, but not as useful as a cash-back rewards card.
Why we like it
This is a card with a slightly higher-than-typical annual fee, but it offers plenty of solid perks and rewards to justify it, plus that whole, "no foreign transaction fees" part. American Express is a CardRatings advertiser
This is a card with a slightly higher-than-typical annual fee, but it offers plenty of solid perks and rewards to justify it, plus that whole, "no foreign transaction fees" part. American Express is a CardRatings advertiser
- Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year. Effective 11/8/2024, an Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit.
- If you do a lot of carryout or delivery, you're sure to appreciate the $10 monthly statement credits when you pay with your Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys (Enrollment required). That's $120 in savings a year.
- The annual fee is fairly hefty at AnnualFees.
- American Express cards aren't as widely accepted, especially internationally, as a Visa or Mastercard. You may want to bring along another card when you travel overseas just in case.
Why we like it
ThankYou® Points are a nice reward currency to have around as they can be redeemed directly for travel, gifts cards and more, or they can be transferred to a number of travel loyalty programs. It's also nice that this card offers rewards in some every day spend categories, so you can earn rewards on more than just travel purchases. Citi is a CardRatings advertiser
ThankYou® Points are a nice reward currency to have around as they can be redeemed directly for travel, gifts cards and more, or they can be transferred to a number of travel loyalty programs. It's also nice that this card offers rewards in some every day spend categories, so you can earn rewards on more than just travel purchases. Citi is a CardRatings advertiser
- There are a lot of excellent everyday rewards-earning opportunities here, so you can rack up a bank of ThankYou® Points pretty quickly.
- Receive $100 off a single hotel stay of $500 or more each calendar year.
- There are several travel loyalty program partners you can transfer your ThankYou® Points, making them potentially worth even more.
- Keep in mind the annual fee; the $100 hotel credit would more than offset that, though, if you're able to take advantage.
- While there are a number travel partners to which you can transfer your rewards, they aren't necessarily the most popular ones out there. Take a look to ensure you can use those partners or that you'll still get good value with your rewards.
Why we like it
As a premier luxury card, this card comes loaded with benefits. It offers airport lounge access; a travel concierge service; elite status with partnering hotel brands Marriott and Hilton; up to $200 a year in statement credits to cover incidental airline charges, like baggage fees and in-flight refreshments, charged on the card with a pre-selected airline; and more. All that comes at a cost in the form of a higher annual fee but for the frequent traveler, the benefits might be worth the price. Enrollment required for select benefits.
As a premier luxury card, this card comes loaded with benefits. It offers airport lounge access; a travel concierge service; elite status with partnering hotel brands Marriott and Hilton; up to $200 a year in statement credits to cover incidental airline charges, like baggage fees and in-flight refreshments, charged on the card with a pre-selected airline; and more. All that comes at a cost in the form of a higher annual fee but for the frequent traveler, the benefits might be worth the price. Enrollment required for select benefits.
- People who often use Uber should love the up to $15 a month, plus $35 in December, Uber Cash for Uber rides in the U.S. and Uber Eats orders benefit. That's up to $200 in annual Uber savings.
- Earn $100 in credits at Saks Fifth Avenue store each year - two credits of up to $50, one for January through June, and another for July through December. You can also stack the credit with other promotions, to save even more.
- If you fly a lot, you're sure to enjoy the $200 a year for airline incidental fees with one qualifying pre-selected airline – a reimbursement for expenses such as checked bags or in-flight refreshments.
- Terms apply and enrollment is required for select benefits.
- You will pay for all of the lovely perks that come with this card. The annual fee is AnnualFees.
- We always have to remind readers of this: American Express cards have more limited acceptance, especially overseas. That network is always growing, but you do need to keep this in mind.
Why we like it
If you're someone who enjoys the finer things when you travel, you'll appreciate this luxury card that not only allows you to avoid paying foreign transaction fees but also ensures you're being well rewarded all along your jet-setting way. You'll also enjoy saving some money with a $300 statement credit reimbursement each cardholder anniversary year to cover travel costs – it's among the most flexible travel credit opportunities out there.
If you're someone who enjoys the finer things when you travel, you'll appreciate this luxury card that not only allows you to avoid paying foreign transaction fees but also ensures you're being well rewarded all along your jet-setting way. You'll also enjoy saving some money with a $300 statement credit reimbursement each cardholder anniversary year to cover travel costs – it's among the most flexible travel credit opportunities out there.
- The $300 travel reimbursement each year is quite flexible and goes a long way toward offsetting your annual fee.
- The card comes with a lot of perks such as trip cancellation and interruption insurance; and if you sign up for Global Entry or TSA PreCheck, you will receive up to $120 for the application fee when paying with your card.
- Cardholders receive one free year of Lyft Pink (a value of at least $199), the rideshare service's membership program that offers a discount (15%) on each ride as well as additional perks such as priority airport pickups and relaxed cancellations.
- There is an eye-popping AnnualFees annual fee. Sure, you get a lot for it, but you can't overlook it.
- If you want to add an authorized user to your account, you'll pay a fee for each additional user that you add.
Why we like it
Many premium credit cards charge a fee for each authorized user that’s added to the account. However, that’s not the case with this card, allowing authorized users access to many of the same great perks the primary cardholder receives, for no additional cost.
Many premium credit cards charge a fee for each authorized user that’s added to the account. However, that’s not the case with this card, allowing authorized users access to many of the same great perks the primary cardholder receives, for no additional cost.
- The annual fee is comparatively not bad for a premium travel credit card, plus, it comes with enough annual perks that this cost is easily offset.
- The rewards structure is easy, so this is a good option for those who just want to earn rewards without having to think much about it.
- That said, the redemption options are simple, too. Cardholders can transfer rewards to leading travel partners, book through the Capital One Travel portal, or simply redeem miles to cover a recent travel purchase.
- The annual travel credit is nice, but earning it means you'll need to do your travel bookings through the Capital One Travel portal. That makes this credit not as flexible as similar credits offered by other premium cards.
Why we like it
Though this card comes with a slightly lower rewards earning rate, it also comes with no annual fee and all the redemption flexibility of the annual-fee version of the card.
Though this card comes with a slightly lower rewards earning rate, it also comes with no annual fee and all the redemption flexibility of the annual-fee version of the card.
- No-annual-fee travel rewards cards aren't necessarily common, and this one just so happens to be a good one.
- Perhaps even more uncommon than no-annual-fee travel rewards cards, is a travel rewards card with an intro 0% APR offer. In this case, VentureOne comes through with an intro 0% APR for intro_apr_duration on purchases and balance transfers (then, RegAPR; balance transfer fee applies).
- This card offers a simple rewards earning structure meaning your rewards can accumulate quickly without a lot of thought or planning. Furthermore, there's a ton of flexibility when it comes to redeeming those rewards.
- The rewards and intro offer are decent for low to average credit card spenders, but if you heavily use your card you’d likely be better off with a travel rewards card that offers a more substantial rewards program. Sure, you might have to pay an annual fee for that, but if you’re using your card often enough, you’ll likely quickly offset that.
Why we like it
Thanks to no rotating categories or spending caps, this card makes earning cash back simple. With unlimited 1.5% cash back earned on every dollar spent, this card rewards you for every purchase you make no matter the amount, no matter the category. In addition to no foreign transaction fees, this card also boasts no annual fee, so it's a great everyday card to hold.
Thanks to no rotating categories or spending caps, this card makes earning cash back simple. With unlimited 1.5% cash back earned on every dollar spent, this card rewards you for every purchase you make no matter the amount, no matter the category. In addition to no foreign transaction fees, this card also boasts no annual fee, so it's a great everyday card to hold.
- With this card there are no categories or caps to worry about. Simply earn unlimited 1.5% on all purchases made, making it a solid option for the person who wants a simple credit card.
- Enjoy 0% intro APR on purchases and balance transfers for intro_apr_duration (then, RegAPR; balance transfer fee applies.
- Cash-back rewards cards that don't charge a foreign transaction fee aren't super common. It's nice to have this option if cash-back rewards are what you're looking for.
- It doesn't take much to earn it ($500 spent in the first three months), but at $200, the welcome bonus isn't eye-popping. It's still nice, though, considering this card doesn't charge an annual fee AND offers a nice intro low APR period.
- Earning 1.5% cash back on every purchase is nice for the occasional credit card user, but if you use credit cards heavily, a card with an annual fee might be worth it for you.
Why we like it
Royal Caribbean explores the globe, making it a fantastic cruise line for almost any destination you dream of. This card enhances your travel experience by offering bonus MyCruise points on eligible Royal Caribbean purchases, plus rewards on everyday spending. Even better, it doesn't charge foreign transaction fees, making it the perfect companion for all your international adventures, both on and off the ship. Information related to this card has been collected independently by CardRatings and was neither reviewed nor provided by the card issuer.
Royal Caribbean explores the globe, making it a fantastic cruise line for almost any destination you dream of. This card enhances your travel experience by offering bonus MyCruise points on eligible Royal Caribbean purchases, plus rewards on everyday spending. Even better, it doesn't charge foreign transaction fees, making it the perfect companion for all your international adventures, both on and off the ship. Information related to this card has been collected independently by CardRatings and was neither reviewed nor provided by the card issuer.
- Earn bonus rewards not just on Royal Caribbean cruises, but also when you sail with their sister lines, Celebrity Cruises and Silversea.
- This card doesn’t charge an annual fee, so it’s a good card to hold even if you only take a cruise vacation every now and then.
- Redeem your points for a variety of cruise perks, including upgrades and discounts, entire cruise vacations, and onboard credits you can use for anything from specialty dining and shore excursions to shopping and spa treatments.
- If Royal Caribbean or one of its sister brands are not your cruise line of choice, you might want to consider a more flexible travel rewards card.
Why we like it
This card is a top choice for small business owners. It has a modest annual fee, a stellar signup bonus and a unique cell phone insurance benefit that covers both yours and your employees' devices. You can also request free cards for your employees and set individual limits on each one to make it convenient to control and track business spending.
This card is a top choice for small business owners. It has a modest annual fee, a stellar signup bonus and a unique cell phone insurance benefit that covers both yours and your employees' devices. You can also request free cards for your employees and set individual limits on each one to make it convenient to control and track business spending.
- A welcome bonus worth up to $1,125?! That's a tough offer to beat on a card with this low an annual fee.
- Points don't expire, and they are worth 25% more when redeemed through Chase Travel.
- There are a number of helpful perks, such as cellular phone insurance for the primary cardholder and employee phones on the same account (for no extra cost when you pay your bill with the card; terms and deductibles apply), as well as purchase protection, extended warranty protection, trip cancellation and interruption insurance, roadside dispatch and an auto rental collision damage waiver.
- An annual fee of AnnualFees. There are business credit cards with far higher annual fees, but an annual fee is an annual fee.
- Alas, there are no special 0% intro APR deals.
Why we like it
Part of why we like this card is its simplicity. It focuses on the benefits small business owners need – such as free employee cards, year-end summaries and easy accounting – without all the categories and caps that can make earning maximum rewards complicated.
Part of why we like this card is its simplicity. It focuses on the benefits small business owners need – such as free employee cards, year-end summaries and easy accounting – without all the categories and caps that can make earning maximum rewards complicated.
- What business can't use some cash back on purchases you're making anyway? Since it's unlimited, this could add up significantly and quickly.
- A lot of extra features, such as free employee cards, the ability to set employee spend limits, a mobile app to manage purchases, extended protection and more.
- You'll get a year-end itemized report of spending and an easy-to-download purchase record. That may sound like a boring holiday gift, but in the next few months, when you do your taxes, you'll likely be thrilled to have it.
- This is technically a charge card in that your balance is due in full every month. The good news is that means you shouldn't be tempted to run up a balance and end up owing interest; the bad news is that you don't have the flexibility to carry a balance should a situation arise in which you need to for a short time.
- Since you're on the no-foreign-transaction fee page, it's safe to assume your business requires some travel. If that's the case, you might get more value out of a travel rewards card instead, like the CardName. See Rates and Fees
Why we like it
A card that's available to folks with fair credit wouldn't necessarily be one you'd expect to offer rewards or come without foreign transaction fees, but this card checks both those boxes.
A card that's available to folks with fair credit wouldn't necessarily be one you'd expect to offer rewards or come without foreign transaction fees, but this card checks both those boxes.
- Extra features and no foreign transaction fees are a bit tough to find on a card for people with fair credit, but this one offers just that.
- There isn't a traditional bonus offer, but you can earn 1.5% cash back on all your purchases, which is, again, not all that typical for a card for fair credit applicants.
- The credit tracking tools available with this card could be just what you need to help you stay on track and possibly qualify for a higher-tier card down the road.
- It's disappointing that there isn't a solid bonus offer with this card.
- While not high, the annual fee is something to consider. You only need to average about $220 spent per month on the card to fully offset the fee, but it is something to keep in mind.
Why we like it
This is a no-annual-fee card designed for people working on their credit score – but people with lower credit scores travel abroad and shop online in foreign currency, too! For these people, it's good to have an option that can help to save money on fees.
This is a no-annual-fee card designed for people working on their credit score – but people with lower credit scores travel abroad and shop online in foreign currency, too! For these people, it's good to have an option that can help to save money on fees.
- You may not have to shell out $200 of your own money to get the $200 credit limit. You may get it by paying $49 or $99, based on your credit history. And, as with all secured cards, the deposit is refundable assuming your account is in good standing when you close it or graduate to an unsecured card..
- No annual fee. Being a secured credit card, you'd hope not, right? But some secured credit cards have them.
- You can set your own due date. That is, you can set your monthly due date, an excellent feature that should help you manage your cash flow.
- No rewards program. Many secured credit cards don't have them, but some do. Not this one, though.
- At RegAPR, the APR is kind of high. Some secured credit cards have a lower APR. Since you're working to build a solid credit history, you'll want to do your best to pay off your balance in full every cycle anyway, though.
Why we like it
Responsibly using a student credit card can help establish a solid future for your credit report and score. It's especially nice if that card also offers rewards and can serve as a helpful, no-foreign-transaction-fee companion during semesters abroad or spring break adventures.
Responsibly using a student credit card can help establish a solid future for your credit report and score. It's especially nice if that card also offers rewards and can serve as a helpful, no-foreign-transaction-fee companion during semesters abroad or spring break adventures.
- Building your credit while a student is a great idea. This card makes it fun with cash back rewards.
- Many student cards skimp on the welcome bonus, but this card offers you a chance to earn one.
- The rewards aren't bad at all: 1.5% unlimited cash back on all purchases.
- There are student credit cards that offer more rewards than 1.5%. However, these cards typically only offer rewards on select purchases, so that's something to keep in mind. .
Compare the best no foreign transaction fee credit cards
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Frequently asked questions about credit cards with no foreign transaction fees
What is a foreign transaction fee?
A foreign transaction fee is a fee, generally a percentage of the purchase, charged by a bank when a credit card is used to make a purchase in a foreign currency. People usually think of these in relation to physically being in a foreign country and making a purchase from a merchant there, but these fees may also be charged if you withdraw money from an ATM in a foreign country.
And, in fact, you don’t necessarily have to physically be in another country to be charged a foreign transaction fee; purchases made online from overseas stores may be processed in another currency and can result in a fee.
Most major banks have cards that charge foreign transaction fees as well as those that don’t. Discover and Capital One, however, are different in that none of their cards charge foreign transaction fees, hence several of those cards made our list above.
Learn more in our guide to foreign transaction fees.
How much are foreign transaction fees?
Foreign transaction fees typically range from 1% to 3% of the transaction amount. While they might seem small, they can add up, especially for frequent international travelers or buyers.
When do I pay a foreign transaction fee?
If you have a credit card that charges foreign transaction fees you will pay that fee any time you make a purchase from a merchant whose products or services are billed in a currency besides U.S. dollars.
That generally happens in two scenarios.
- You’re traveling in another country, and you’re using your credit card to pay for hotels, taxis, food at restaurants and so on.
- You make a purchase from a company headquartered abroad and that processes transactions in a foreign currency (or through a foreign bank).
You won’t see the fee at the checkout in either of the above scenarios; instead, it’ll be noted on your credit card statement.
What are the best credit cards for international travel?
Having the right credit card in your pocket can make traveling overseas all the more enjoyable and secure. Not only does it minimize the need to exchange currency, but many cards also come with extra perks like trip interruption insurance and baggage insurance.
If you plan to travel outside the country, selecting a card that doesn’t charge foreign transaction fees is essential. Otherwise, go ahead and assume that every souvenir your buy, every meal you eat, every hotel bill you pay with your credit card will cost you 3% more once those fees are figured in. This can add up quickly.
Beyond that, choosing the best credit cards for international travel comes down to the following factors:
- Credit score: You’ll need to find a card that matches your credit profile. We’ve included credit guidelines for all the cards listed above. Note that you don’t have to have perfect credit in order to qualify for a no-foreign-transaction fee card. Don’t settle for paying a fee just because your credit isn’t in the excellent range.
- Destination: Make sure your card will be accepted in the locations you plan to visit. Visa and Mastercard are often more widely accepted than Discover and American Express, though both of those issuers are growing their networks all the time.
- Features: Depending on the credit card, you may get access to airport lounges, car rental insurance, trip interruption insurance or baggage insurance among other benefits. Look for a card that has the features you’re most likely to use.
- Rewards: If a card offers rewards, be sure they are applicable to your travel plans. Consider signing up for a card that earns points that can be used across multiple airline and hotel brands.
- Fees: While a card may not have foreign transaction fees, it may charge an annual fee, cash advance fees and balance transfer fees among others. Make sure to consider this as you select a card.
- Chip-and-PIN technology: While almost every new credit card issued today comes with chip technology, not all are Chip and PIN cards. A PIN is often necessary to complete transactions in many countries so be sure your new card is PIN enabled for overseas travel. All of the cards that made our list above are Chip and PIN ready cards, but you may need to contact your issuer to request the PIN. If you don’t know your PIN already, be sure to contact your bank far in advance of your trip (many take 7-10 days to send you a new PIN via mail).
What are the benefits of no foreign transaction fee cards?
There are many reasons to use one of the credit cards listed above on your next vacation or business trip – or if you’re shopping with foreign merchants from the comfort of your own sofa. The benefits of the best no foreign transaction fee credit cards include excellent rewards, wide acceptance overseas and plenty of customer support no matter where you travel. There’s also the added security of using a credit card instead of cash or a debit card while traveling (or shopping online). Think about it; if you lose cash, or if it’s stolen while you’re traveling, you’re out of luck. If you lose your credit card, or if it’s stolen, your situation won’t be quite as dire. You might be without your card for a bit, but at least you aren’t out that money.
What’s more, many of these cards have additional features such as travel insurance. Look for a rewards card with great benefits and you could save money now while racking up points for your next getaway.
How to use a no foreign transaction fee credit card
Even if you pick one of these no foreign transaction fee credit cards for your next international adventure, you could still get socked by fees from local banks or retailers. Here’s how to keep your trip surcharge-free:
- Merchants don’t always welcome every American credit card equally. It used to be that American credit cards lacked some of the safety features required to use a card overseas (this is pre-chip-and-PIN technology becoming more common in the U.S.); these days, American credit cards generally have the technology needed to travel abroad. The only real thing you’ll likely need to consider is whether your issuer is widely accepted. Visa and Mastercard have the highest acceptance rates around the world, but, Discover and American Express have been busy expanding their networks in the past few years as well, so don’t be so quick to rule out these issuers. With that said, some stores might request or require that you use a card that transacts on their preferred network, so it might be wise to carry a backup card from a different issuer just in case.
- Watch for “dynamic currency conversion” offers. Point-of-sale systems in tourist havens often use an unfavorable exchange rate while tacking on processing fees. Ask to do business in local currency and let your bank save you money.
- Keep your receipts. You never know if you’re going to need them for clearing customs or discussing a charge with your credit card company after you get home. It’s always better to be safe than sorry. If you don’t want to hold on to the paper copies, at least snap a quick photo with your phone before discarding the receipt.
- Use ATM cash advances for emergencies only. Even credit cards with no foreign transaction fees can charge hefty cash advance processing fees. Plus, you’ll usually have to pay a surcharge to a local ATM operator that can run as high as $20 in tourist districts. Instead, drop cash into an online checking account with a no-fee debit card. Even if there is a fee to withdraw money using your debit card, you’ll likely still save money this way. Especially because many U.S. banks have partner banks abroad who reduce or waive the fee for partner users.
- Finally, protect yourself against pickpockets by writing down your credit card companies’ emergency phone numbers and key account details before you leave. Keep a copy separate from your wallet or valuables. If your card gets lost or stolen, your bank’s emergency assistance team can help replace your card or provide an emergency cash advance much more quickly than if they have to look up and verify your account information.
Which credit cards do not have foreign transaction fees?
Most travel credit cards do not have foreign transaction fees. Some of the top credit cards with no foreign transaction fees include the Chase Sapphire Preferred® Card, Capital One Venture Rewards Credit Card, Citi Strata Premier℠ Card and the Chase Sapphire Reserve® card.
How do I calculate a foreign transaction fee?
To calculate a foreign transaction fee, first determine the percentage charged by your credit card company. This is typically a small percentage, often between 1% and 3%. Next, convert the foreign currency amount of your purchase into U.S. dollars using the exchange rate on the transaction date. Multiply the dollar amount by the fee percentage to find the fee amount. Finally, add the fee to the original dollar amount to get the total cost of the purchase.
For instance, if you spend €100 in Paris and the exchange rate is 1 EUR = 1.10 USD, the purchase converts to $110 USD. With a 3% foreign transaction fee, you’d pay an additional $3.30, bringing the total cost to $113.30.
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Rating methodology: CardRatings experts review the fine print, details, perks, rewards and features of hundreds of cards and compare them side-by-side with similar cards. A card that makes an excellent balance transfer card may not make a great cash-back rewards card even though it offers those rewards. While the Best of the Year list is announced annually, that list – and all other “best of” lists on CardRatings – are regularly reviewed and updated as issuers change the terms and features of each card often.
To see the rates and fees for the American Express cards mentioned in this post, please visit the following links: CardName: See Rates and Fees; CardName: See Rates and Fees
For Capital One products listed on this page, some of the benefits may be 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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