Best Credit Cards With No Foreign Transaction Fees of June 2022
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The best credit cards with no foreign transaction fees of June 2022
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Foreign transaction fees are some of the most maddening charges associated with credit cards. They punish you, often to the tune of 3%, for spending your money outside the US. Whenever you travel abroad, you may be subject to foreign transaction fees.
Fortunately, nearly all of the best rewards credit cards waive this fee, including all Discover and Capital One cards. That makes them perfect companions for a trip overseas. Below, you'll find some of our favorite rewards credit cards without foreign transaction fees, with an emphasis on travel rewards cards that offer bonus points and miles for airfare, hotels, and more.
We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Best travel card with an annual fee under $100: Chase Sapphire Preferred
- High sign-up bonus starts you off with lots of points
- Strong travel coverage
- Doesn't offer a Global Entry/TSA PreCheck application fee credit
- 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 a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, 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.
- With Pay Yourself BackSM, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
- 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.
Best premium travel card: Chase Sapphire Reserve
- Annual travel credit can effectively shave $300 off the annual fee if you use it
- Strong travel insurance
- Strong bonus rewards on travel and dining
- Very high annual fee
- New Offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
- Earn 5x total points on air travel and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
- Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $900 toward travel
- With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
Best with no annual fee: Discover it® Cash Back
- Earns 5% cash back at gas stations and Target on up to $1,500 in purchases after enrollment from April 1 to June 30, 2022, then 1%
- Discover will match your cash back at the end of your first account year
- No annual fee
- Cap on how much bonus cash back you can earn each quarter
- If the quarterly categories aren't convenient for you, you can earn more cash back with a different card
- Intro Offer: Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. You could turn $150 cash back into $300.
- Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
- New! Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
- Redeem cash back in any amount, any time. Rewards never expire.
- New Intro APR: Get a 0% intro APR for 15 months on purchases. Then 12.74% to 23.74% Standard Variable Purchase APR applies, based on credit worthiness.
- No annual fee.
- Click "Apply Now" to see terms and conditions.
The premium card with the most benefits: The Platinum Card® from American Express
- Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott (enrollment required)
- Annual statement credits with Saks and Uber
- Bonus categories leave something to be desired
- One of the highest annual fees among premium travel cards
- Earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
- 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 and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card®. And if you fly, you can receive up to $200 in statement credits per calendar year after you select a qualifying airline and incidental fees are charged by the airline to your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax. Plus Ups are excluded.
- American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. There are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select 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 is available to Basic Card Member only.
- $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card®. Enrollment required.
- $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at select airports and stadiums.
- $695 annual fee.
- Terms Apply.
- See Rates & Fees
Major airline credit cards
- Annual fee is waived the first year
- Earns bonus miles on several purchase categories, including dining
- Includes an application fee credit for Global Entry or TSA PreCheck
- Gets you a free checked bag on United when you pay with the card
- Not the most rewarding card for most non-United travel purchases
- Earn up to 70,000 bonus miles. Earn 60,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open. Plus, earn an additional 10,000 miles after you spend $6,000 total on purchases in the first 6 months your account is open.
- $0 introductory annual fee for the first year, then $95.
- Earn 2 miles per $1 spent on dining, hotel stays, and United® purchases
- Up to $100 Global Entry or TSA PreCheck® fee Credit
- 25% back on United® inflight purchases
- Check your first bag for free (a savings of up to $140 per roundtrip) when you use your card to purchase your ticket
- Enjoy priority boarding privileges and visit the United ClubSM with 2 one-time passes each year for your anniversary
- Earn 2 miles per $1 spent on dining including eligible delivery services
- Citi® / AAdvantage® Platinum Select® World Elite Mastercard®
- Delta SkyMiles® Gold American Express Card (See Rates)
- United℠ Explorer Card
The simplest rewards structure: Capital One Venture Rewards Credit Card
- No bonus categories to keep track of
- Includes up to a $100 statement credit for Global Entry or TSA PreCheck
- Other credit cards offer higher rewards in certain categories of spending
- 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
- 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®
- Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
- 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
- Use your miles to get reimbursed for any travel purchase-or redeem by booking a trip through Capital One Travel
- Transfer your miles to your choice of 15+ travel loyalty programs
The best credit cards with no foreign transaction fees
Chase Sapphire Preferred (jump to Chase Sapphire Preferred card details »)
One of the most popular and recommended travel rewards credit cards, the Chase Sapphire Preferred offers 5x Chase Ultimate Rewards® points per dollar spent on travel purchased through Chase Ultimate Rewards, 5x points on Lyft rides through March 2025, 2x points on all other travel purchases, including internationally, and 3x points on dining.
Dining includes things like restaurants, bars, pubs, coffee shops, and more, while travel includes airfare, hotels, Airbnb, taxis, ride-share services like Uber, subways, and more. Right now, the Chase Sapphire Preferred offers a welcome bonus of 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Read Insider's guide to points and miles valuations to find out what your credit card rewards are worth.
The Chase Sapphire Preferred comes with benefits such as up to $50 in annual statement credits for hotels booked through the Chase Travel Portal and a 10% anniversary points bonus. This is also one of the best credit cards for travel and purchase protections, including primary car rental insurance and trip delay insurance.
Chase Sapphire Reserve (jump to Chase Sapphire Reserve details »)
The Sapphire Reserve is essentially a beefed-up version of the Preferred, with a higher annual fee and a few key differences.
You get a $300 statement credit each cardmember year to cover your first $300 of travel charges, and a higher earning rate of 5x total points on air travel and 10x total points on hotels and car rentals purchased through Chase Ultimate Rewards (after earning the $300 travel credit) and 3x points on other travel and dining (plus 10x points on Lyft rides through March 2025 and 1 point per dollar on everything else).
The Sapphire Reserve earns a bonus of 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
As with the Preferred, the Sapphire Reserve recently got a refresh, with improved or new bonus categories and benefits like access to the new Chase Sapphire Lounges (when open) at New York-LaGuardia (LGA), Boston (BOS), San Diego (SAN), Phoenix (PHX), Las Vegas (LAS), and Hong Kong (HKG). As a Visa Infinite card, it offers top-notch travel insurance and purchase protections as well.
Discover it® Cash Back (jump to Discover it Cash Back details »)
The Discover it® Cash Back earn 5% cash back on up to $1,500 spent each quarter in bonus categories once activated (then 1%) (from April 1 to June 30, 2022, you can earn 5% cash back at gas stations and Target on up to $1,500 in purchases after enrollment, then 1%). There's no traditional welcome bonus; instead, Discover will match all the rewards you earn after the first year. Along with no foreign transaction fees, Discover cards do not charge an annual fee.
Discover has also shared all of its bonus categories for 2022:
- Grocery stores and fitness club/gym memberships (January to March)
- Gas stations and Target (April - June)
- Restaurants and PayPal (July - September)
- Amazon.com and digital wallets (October - December)
Platinum Card from American Express (jump to Platinum Card from American Express details »)
The Platinum Card® from American Express is more or less the flagship premium travel card, offering rewards, perks, and benefits that can net a ton of value for cardholders — whether you're traveling or staying close to home. You can more than offset the card's $695 annual fee (See Rates) if even a handful of card perks fit into your normal spending habits.
The Platinum Card® from American Express has no foreign transaction fees and earns 5 points per dollar on flights booked directly with the airline and through Amex Travel (on up to $500,000 on these purchases per calendar year), 5 points per dollar on prepaid hotels booked through Amex Travel, and 1 point per dollar on everything else.
There's also an excellent welcome offer: 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership.
The Platinum Card® from American Express has recently added several "lifestyle" benefits (and a few new travel benefits) that equal many hundreds of dollars in value. For example, you'll receive up to $300 annually in Equinox credits**, $189 per year in credits for CLEAR® membership**, up to $200 per year in credits toward eligible prepaid hotel bookings, up to $240 in annual credits toward eligible digital subscriptions**, a monthly credit for Walmart+ membership, and up to $300 back for purchasing a SoulCycle At-Home Bike through Equinox+.
You'll also get up to a $200 annual airline fee credit**, up to $200 in Uber credits (including Uber Eats)** each year ($15 each month, plus a bonus of $20 in December), access to more than 1,200 airport lounges around the world, complimentary elite status with Hilton and Marriott**, and up to $100 in Saks Fifth Avenue credits per year**.
Major airline cards (jump to major airline card details »)
The mainstream credit cards from the three major US airlines — American Airlines, Delta, and United — all come with similar perks, including variations of priority boarding, free checked bags, the opportunity to earn miles on everyday purchases, and more. Plus, these cards have no foreign transaction fees.
The best option for you depends on where you live and which airlines you have access to. The cards each come with different new member offers, and while there are a few other differences between them, they have annual fees of $95 to $99 that are waived the first year (See Rates).
Capital One Venture card (jump to Capital One Venture card details »)
The Capital One Venture Rewards Credit Card is another great option without foreign transaction fees and with an annual fee under $100, especially because you can transfer Capital One miles to various airline and hotel programs with an improved 1:1 ratio for most partners.
The card earns 2 miles per dollar on most purchases (along with 5 miles per dollar on hotels and car rentals booked through Capital One travel) — the simplest rewards structure among travel credit cards. You can also redeem Capital One miles at a fixed rate of 1 cent each toward travel purchases made with your card, without having to worry about award charts and blackout dates.
Capital One recently launched the Capital One Venture X Rewards Credit Card that comes with upscale perks like travel statement credits and airport lounge access, with a $395 annual fee. It also waives foreign transaction fees.
How did we choose the best credit cards with no foreign transaction fees?
Virtually all of the best travel rewards credit cards waive foreign transaction fees by this point, so for this guide, we focused on narrowing it down to the best options in a variety of categories. We drew heavily from our editors' expertise and the input of experts, as quoted in our guide to the best rewards credit cards, to come up with this list in the most popular categories of cards.
You'll find a top pick for cash back, a top pick for travel rewards (in two different budget categories), our top airline credit card options, and more.
No foreign transaction fee credit cards frequently asked questions (FAQ)
How do foreign transaction fees work?
When you're using a credit card that charges a foreign transaction fee and you make a purchase abroad, you'll be charged an extra fee, as a percentage of your purchase amount. The fee is generally 3% of your purchase, and it will be added to your monthly bill.
Your foreign transaction fee may be broken down into two parts: a fee charged by the payment network (as in Visa or Mastercard) and a fee charged by your credit card company.
Do foreign transaction fees apply online?
In addition to applying to purchases you make while traveling abroad, a foreign transaction fee could be charged when you make a purchase from a vendor that's based outside of your home country.
If you're shopping with a retailer or travel company based abroad, your best bet is paying with a credit card that doesn't charge foreign transaction fees just to be safe.
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