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Are there any Credit cards with no foreign transaction fee for international travel, and a good exchange rate?

10 Answers 10

12

It looks like Capital One does not charge foreign transaction fees.

http://www.cardratings.com/creditcardforeignexchangefees.html

Also on Capital One's FAQ site: http://www.capitalone.com/creditcards/help/after-applying.php#7_pg_sl

  • 1
    True dat... I know a lot of people who keep a Capital One card for that exact reason. – Joel Spolsky Sep 14 '10 at 16:06
  • I have a Capital One card for this exact reason. Have used it half a dozen times outside of the country and in addition to having no fees, I am always surprised how great the exchange rate I receive is. – s_hewitt Jan 30 '12 at 16:50
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I've researched this myself, and yes, Capital One is the only one that has no fee. Quite amazing. I know they phased out the no-fee cards in Canada, however, so you probably want to double-check with them that they're still available in the US.

2

HSBC World Mastercard http://www.us.hsbc.com/1/2/3/hsbcpremier/privileges has no foreign transaction fees. But they require that you hold a 'Premier Relationship' which requires you maintain greater than $100,000 in combined U.S. personal deposit and investment balances in HSBC accounts.

2

The 28 Degrees card has no foreign transaction fee.

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There is a table listing issuer's foreign transaction fees for both credit and debit cards at Flyerguide. While Capital One may be the best known US issuer of 0% cards, Citi, Chase, Discover, HSBC, and several credit unions all have some 0% cards as well.

  • Discover Card is not as widely accepted overseas (in fact even in Canada) as Mastercard and Visa are. Many US-based hotel chains accept Discover cards abroad; often, merchants do not. – Dilip Sarwate Sep 4 '12 at 14:00
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Try Chase https://creditcards.chase.com/credit-cards/sapphire-preferred-card.aspx I got this card before going to Europe. If you spend $3k within the first 3 months you get to cash in your bonus points.

And yes there is no foreign transaction fee.

And for the first year there's no annual fee. So just get the card before you trip keep it for 3 months get the cash back and then cancel it.

  • I had this card for one year and it's true, no annual fee for the first year and no foreign transaction fees. Also it's made of metal, which is cool. However, while I do travel regularly, I don't spend enough annually to justify that card just for the foreign transaction fee and metallicness. And the CSR wouldn't budge on waiving the annual fee for year 2. – stannius Sep 5 '12 at 23:18
  • The metal part got everybody interested. I would give the card at bars in France and they would start showing it around to others. – Tigran Sep 7 '12 at 22:24
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AMEX Platinum has no foreign transaction fees, plus a host of other features (though it does charge an annual fee).

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The United MileagePlus Club card from Chase advertises no foreign transaction fees (see terms and conditions). However, it also has a $395 annual fee.

  • The annual fee does seem quite steep. One would need lots of foreign transactions to make a dent in that. – Dilip Sarwate Sep 5 '12 at 20:28
  • The main benefit is access to United Airlines' airport lounges. If you already have premier status on United, you can get the fee waived for the first year. – nibot Sep 6 '12 at 11:51
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If you qualify, Pentagon Federal Credit Union (https://www.penfed.org/) offers cards with no foreign transaction fee and no annual fee. We got a rewards Visa from them for our overseas trip and it worked very well.

See the details for this particular card.

0

The Nationwide Select Credit Card, issued by the Nationwide Building Society in the UK (you didn't specify any particular country in your question).

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