The Best No Foreign Transaction Fee Credit Cards for Travelers [2021]

using ATM

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If you travel internationally frequently, you’re probably familiar with foreign transaction fees, those pesky fees charged by your credit card company on every purchase you make outside of the United States.

The fees can also be charged on transactions made with foreign banks, even if you’re making the purchase from the United States. For example, if you purchase an airline ticket from a foreign company, you may be charged a foreign transaction fee.

Foreign transaction fees are widely unpopular, especially with travelers frequently paying their foreign expenses with credit cards. As a result, the list of credit cards not charging these fees is growing as issuers introduce new products without the fees and remove the fees from some existing cards.

What You Should Know About Foreign Transaction Fees

What is a foreign transaction fee?

A foreign transaction fee is a fee assessed by your credit card issuer on any transaction that is processed through a foreign bank. A common foreign transaction fee is around 3% of the total foreign purchase, and there is no limit as to how much can be charged.

The fee is perfectly legal, but more and more credit card companies are now eliminating it, since informed travelers choose credit cards that do not charge foreign transaction fees.

How to find out if a credit card charges a foreign transaction fee

In some cases, the promotional summary for a credit card does not disclose whether there is a foreign transaction fee charged on the card. To find out for certain that no fee is charged, you’ll want to dig deeper.

Fortunately, all of the financial information you’ll need can be found in what is known as a Schumer Box. It is named after Charles Schumer,  the congressman responsible for the legislation that requires credit card companies to clearly disclose costs and terms associated with each card.

All credit card companies must use a standard format for the Schumer Box, so comparing cards became much easier after this legislation was passed in 1988.

For a credit card you’re considering, you can review the Schumer Box online for that specific card by clicking on a link titled:

  • Rates & Fees
  • Terms & Conditions
  • Pricing & Rates
  • Interest Rates & Fee Summary
  • or a link with a similar name

Credit card rates and fees

Here’s what you’ll see in the Schumer Box if the credit card you’re researching does not charge a foreign transaction fee:

Here’s an example of a section of the Schumer Box for a credit card that does charge a foreign transaction fee:

Determining if your existing credit card charges a foreign transaction fee:

  • Call your credit card company – Contact your credit card company and ask whether your card charges a foreign transaction fee by calling the phone number printed on the back of your credit card.
  • Review your paper cardholder agreement – When you received your new credit card in the mail, a cardholder agreement was included. In the cardholder agreement, there is a chart similar to the ones illustrated above that lists all the fees assessed on your card.
  • Access your account online – Sign in to your online credit card account to access your cardholder agreement, which will include a breakdown of all fees/charges.

Bottom Line: While a 3% foreign transaction fee might not seem like much, it can add up quickly, whether you’re a frequent traveler or just take 1 big trip a year. In any case, by selecting a credit card without the fees, you won’t come home to a billing statement full of additional foreign transaction charges on your purchases!

The Best Personal and Business Cards ($0 Foreign Transaction Fees)

Selecting a credit card that doesn’t charge foreign transaction fees is a real benefit for the traveler, but there are so many credit cards without these fees — the savvy traveler will want to choose a card that delivers more.

Let’s look at our picks for the top credit cards for international travel that have no foreign transaction fees, and then continue with our guide to everything you need to know about transaction fees when you’re traveling.

American Express Credit Cards

Amex CardBenefits & Info
New Welcome Offer

American Express® Gold Card


Learn More
(at Amex's secure site)
  • Rose Gold is back. You can now choose between Gold or Rose Gold.
  • Earn 35,000 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.
  • Earn 4X Membership Rewards® Points at Restaurants, including takeout and delivery, and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: 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.
  • $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • Get up to 12 complimentary months of an Uber Eats Pass subscription when you enroll with your Gold Card by 12/31/21.
  • No Foreign Transaction Fees.
  • Good to Excellent Credit Recommended (670-840)
  • Annual Fee: $250
  • Terms Apply. For rates and fees of the Amex Gold Card, click here.
$1,320
Must Reads: For more info on the Amex Gold Card, see our guides on its benefits and perks, as well as our full review.
New 100K Welcome Offer

The Platinum Card® from American Express


Learn More
(at Amex's secure site)
  • Earn 60,000 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
  • Plus, earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
  • $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
  • $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline.
  • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.
  • $300 Equinox Credit: Get up to $25 back each month on select Equinox memberships. Enrollment required.
  • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
  • Good to Excellent Credit Recommended (670-850)
  • Annual Fee: $695
  • Terms Apply. For rates and fees of Amex Platinum, please click here.
$2,200
Hilton Honors American Express Surpass® Card

Hilton Honors American Express Surpass® Card
Learn More
(at Amex's secure site)
  • Limited Time Offer: Earn 130,000 Hilton Honors Bonus Points after you spend $2,000 in purchases on the Card in the first 3 months of Card Membership. Offer expires 8/25/2021.
  • Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 on purchases on your Card in a calendar year.
  • Earn 12x Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton portfolio.
  • Earn 6x Hilton Honors Bonus Points for each dollar of eligible purchases on your Card at U.S. restaurants, at U.S. supermarkets, and at U.S. gas stations then 3x on all other eligible purchases.
  • Good to Excellent Credit Recommended (670-850)
  • Annual Fee: $0 for the first year, then $95. Offer expires 8/25/2021.
  • Terms Apply. For rates and fees of the Hilton Honors Surpass Card, click here.

Bottom Line: The American Express collection of no foreign transaction fee credit cards offers strong benefits for the frequent traveler and card options equally suited to those with loyalty to a specific brand. A combination of cards could offer the perfect umbrella of benefits for the frequent traveler. See our full list of Amex credit cards if you’re looking for even more choices from American Express.

Chase Credit Cards (Best Rewards)

Bottom Line: The Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® Card earn valuable Chase Ultimate Rewards Points that can be redeemed for travel at an increased value through the Chase Ultimate Rewards travel portal, or transferred to hotel and airline partners. 

Barclays Credit Cards

Business Credit Cards

Credit CardAdditional BenefitsDrawbacks
Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card
Learn More
(at Chase's secure site)
  • Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months.
  • That's $1,250 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3x on the first $150,000 on travel and select business categories, then 1x on all other purchases
  • Annual Fee: $95
  • Bonus spending capped at $150,000/year.
New Welcome Offer

The Business Platinum Card® from American Express

The Business Platinum Card®  from American Express
Learn More
(at Amex's secure site)
  • Welcome Offer: Earn 85,000 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
  • Breeze through security with CLEAR® where available and get up to $179 back per year on your membership when you use your Card.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Annual Fee: $595
  • Terms Apply. For rates and fees of the Amex Business Platinum card, click here.

Bottom Line: Select a no foreign transaction fee business credit card based on the spending profile of your business to maximize earning rewards. You’ll also want to make sure the spending levels of your business offset any annual fees, and that your travel is frequent enough to maximize the travel benefits offered with each specific card. 

Please note that the list of additional benefits we’ve provided is an abbreviated summary for general comparison purposes only.

All of the cards reviewed earn 1 point/mile per dollar spent on every purchase, so we’ve only included earnings in the additional benefits section that exceed this level.

A complete list of benefits and current card offers is provided when accessing each credit card summary page individually. Additional terms and conditions apply.

Hot Tip: With so many different issuers providing cards without foreign transaction fees, it’s not a bad idea to quickly familiarize yourself with each bank’s specific rules prior to applying. 

No Foreign Transaction Fee Credit Cards With No Annual Fee

No foreign transaction fee credit cards that offer the highest level of benefits and rewards typically charge an annual fee. However, there are plenty of no foreign transaction fee credit cards that do not charge an annual fee; here is a sampling of those cards.

Bottom Line: You don’t have to pay an annual fee to secure a credit card with no foreign transaction fees!

Everything Else You Need to Know

Once you’ve selected a credit card that charges no foreign transaction fees, you’ll want to make sure you minimize the plethora of other fees you might incur when securing foreign currency abroad (or simply paying for your foreign purchase with a credit card).

You may be surprised to learn that you can be hit with several fees as a result of 1 simple foreign transaction!

Cash Advances Abroad

While using your no foreign transaction fee credit card for purchases when traveling is a smart move, using that same credit card to secure a cash advance when you’re traveling can trigger additional fees and interest charges.

credit card rates and fees
Using your no foreign transaction fee credit card for cash advances can still trigger fees.
You’ll also incur interest rate charges on cash advances from your no foreign transaction fee card.

In an emergency, it’s good to know that a cash advance is an option…but it’s also important to know what it can potentially cost you, even on a card that doesn’t charge a foreign transaction fee.

Currency Conversion Fees

The term “currency conversion fees” is frequently used interchangeably with “foreign transaction fees,” but there is a difference.

Converting foreign currency costs money. When your bank is charged by the processing network (such as Visa or MasterCard) for converting your purchase made in foreign currency to U.S. dollars, it passes the expense on to you.

In some cases, the foreign transaction fee your bank charges you will include the currency conversion fee they have been charged (usually around 1%). The bank can also tack on additional fees, bringing the total to around 3%.

Bottom Line: Foreign transaction fees are just one of the charges you need to be aware of when paying for foreign purchases with your credit card and securing foreign currency while traveling. Referencing your credit card’s Schumer Box before traveling can help you avoid some of these fees. 

Dynamic Currency Conversion

When you check out of your hotel or are presented with your dining bill in a foreign country, it might seem convenient that the total amount is already converted from the foreign currency to U.S. dollars. There’s no need to do any calculations to determine how much you’ll be paying — it’s been done for you!

This practice of presenting the bill in your home credit card’s currency (in this case U.S. dollars) is known as “dynamic currency conversion.” While it might seem convenient and harmless, the end results are not in your favor.

For example, let’s say you receive your foreign restaurant tab and there are 2 options for paying: you can select $106 U.S. or 86€ (Euro). You might do a quick calculation, think the totals make sense from a conversion perspective, and just pay the bill in U.S. dollars.

Unfortunately, if you had paid the 86€, your U.S. bank would process the currency exchange based on the current rate — which in this case is closer to $96 (versus the higher $106 option on your bill).

Paying in U.S. dollars abroad adds a layer of cost to the transaction: U.S. dollars have to be converted to the local currency to pay the merchant, then back to U.S. dollars to bill you on your credit card.

When using a credit card, always pay your bill in the local currency of the country you’re in to ensure you get the best currency conversion rate.

Bottom Line: Never pay in U.S. dollars when using your credit card in a foreign country! If your bill is presented in U.S. dollars, ask that it be voided and changed to reflect the amount in local currency. If both options are available on the receipt, be sure that U.S. dollars is not already checked as an option before you sign the receipt. 

Foreign ATM Fees

You may think you could avoid foreign transaction fees by using your debit card to withdraw money from foreign ATMs when traveling abroad. This is a logical assumption, plus ATMs are usually conveniently located and facilitate an easy transaction. But foreign ATMs can charge exorbitant fees!

Even if the foreign ATM fee is reasonable, your bank may add on foreign transaction fees, currency conversion fees, an out-of-network ATM fee, or other transaction fees.

Some banks (such as Charles Schwab Bank and CapitalOne 360) reimburse these fees, and other banks allow a limited number of fee-free transactions per statement period.

You can incur bank charges in addition to credit card foreign transaction fees.

Bottom Line: To minimize bank charges when abroad, review the fee disclosures associated with your debit card before you travel, and try to limit your withdrawals to 1 per trip. You can also open an account that reimburses ATM fees or allows a limited number of fee-free withdrawals per month.

Final Thoughts

With the vast selection of credit cards that do not charge foreign transaction fees, it should be easy to find an appropriate card for your travel expenses that avoids these fees.

Remember to look at the Schumer Box for any credit card you’re considering, and learn about the fees charged on your current credit card before you travel.

With just a small amount of research, you can minimize the fees that make international travel more expensive and avoid returning home to a credit card statement full of unexpected charges.


The information regarding the Hilton Honors American Express Surpass® Card, AAdvantage Aviator Red World Elite MasterCard®, Discover It® Miles, Capital One® Spark® Cash Select for Business, Capital One® VentureOne® Rewards Credit Card, and Bank of America© Travel Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 

For rates and fees of the American Express® Gold Card, click here.
For rates and fees of The Platinum Card® from American Express, click here.
For rates and fees of The Business Platinum Card® from American Express, click here.
For rates and fees of the Hilton Honors American Express Card, click here


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The Best No Foreign Transaction Fee Credit Cards For Travelers (A Head to Head Review)

Frequently asked questions

How do foreign transaction fees work?

A foreign transaction fee is a fee charged by your credit card issuer on every purchase you make that is processed through a foreign bank.

You can even be charged a foreign transaction fee if you’re in the United States and make a purchase with a foreign merchant in foreign currency. The fee is calculated as a percent of your total purchase, usually around 3%.

How can I avoid foreign transaction fees?

You can avoid foreign transaction fees by always using a card for your foreign purchases that does not charge this fee.

Which credit cards have no foreign transaction fees?

The majority of credit cards today charge no foreign transaction fees, and we’ve put together a collection of the best credit cards for frequent travelers in this post.

There are certain credit card issuers (such as Discover and Capital One) that do not charge a foreign transaction fee on any of their cards. For other cards, you’ll need to review the terms and conditions or rates/fee chart.

How can I find out if a credit card charges foreign transaction fees?

Credit card issuers are required to disclose any fees they charge on their credit cards. For an existing credit card, you can call the number printed on the back of your card, review the paper cardholder agreement that came with your card, or access your credit card account online.

For a credit card you are considering, a list of all of the fees/charges can be found via a link on the summary page or application page.

Christine Krzyszton

About Christine Krzyszton

Christine, who lives in Northern Michigan, travels about 300,000 miles a year despite her remote location. Her expertise is traveling the world on a weekend with no pre-determined destination in mind, letting the cost of the airfare determine where she will go. She has over four million flown miles and elite status on all three major domestic carriers.

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