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Top Credit Cards That Don’t Have Foreign Transaction Fees

by on September 28, 2011 · 31 comments

in American Express, Capital One, Chase, Chase Sapphire Preferred, Citi, Credit Cards

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Via travelcreditcards.com, here is a list of the top cards that don’t have foreign transaction fees (the newest addition is the Marriott Premier Visa):

40,000 points for Chase Sapphire Preferred® Card. $95 annual fee, waived for the first year. 2x points on travel and dining.
50,000 points for the Amex Mercedes-Benz Platinum. $475 annual fee.
50,000 miles for Chase British Airways Visa. $95 annual fee.
50,000 points for Chase Marriott Premier Visa plus free Category 1-4 hotel night. $85 annual fee. 
30,000 points for Citi Thank You Premier. $125, waived for the first year
25,000 points
for Capital One Venture card. $59 annual fee, waived for the first year. 2x points on all purchases.
25,000 points for Amex Platinum. $450 annual fee.
2 Free nights for Chase Hyatt Visa. $75 annual fee.
60,000 points for Chase Priority Club Visa. $49 annual fee, waived for the first year.
10,000 points for the Capital One Venture One. No annual fee.
Chase Continental Presidential Plus card. $395 annual fee.

 

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • Lantean

    What about Amex Mercedes platinum with 50k miles? Certainly a better deal than the standard 25k miles for platinum card.

  • Anonymous

    Good catch! I’ll add that

  • Anonymous

    Good catch! I’ll add that

  • Aimzywynn

    are most of these cards subject to visa and bank conversion fees though? for instance, i used the chase sapphire preferred card internationally and noticed a 3% variance to the prevailing exchange rate and after about ten minutes of speaking to the customer service rep who vehemently noted no foreign transaction fee, he finally noted that there was conversion fees. i consider no forex fee when the exchange rate is the same as wsj published rates, not when those rates are subject to conversion fees…

  • cAPoNEpRO

    Once again the Cap One card shines. It is the highest point yielding card with 2x on ALL purchases. I don’t understand why this card is not discussed a lot more than it is. I guess it may be partially due to their never having any mega points sign up bonuses. But 2x is a pretty good deal.

    I use this to rent a ski condo. They are also very easy to work with and customer service, I have found, is extremely responsive. The condo I referred to is billed by the owner and the credit card category does not reflect lodging or hotel on this charge. A simple call to them explaining this yielded an adjustment so that I could use the lower points spend to cover the cost. And, this was done while I was on the phone.

  • cAPoNEpRO

    Once again the Cap One card shines. It is the highest point yielding card with 2x on ALL purchases. I don’t understand why this card is not discussed a lot more than it is. I guess it may be partially due to their never having any mega points sign up bonuses. But 2x is a pretty good deal.

    I use this to rent a ski condo. They are also very easy to work with and customer service, I have found, is extremely responsive. The condo I referred to is billed by the owner and the credit card category does not reflect lodging or hotel on this charge. A simple call to them explaining this yielded an adjustment so that I could use the lower points spend to cover the cost. And, this was done while I was on the phone.

  • cAPoNEpRO

    Once again the Cap One card shines. It is the highest point yielding card with 2x on ALL purchases. I don’t understand why this card is not discussed a lot more than it is. I guess it may be partially due to their never having any mega points sign up bonuses. But 2x is a pretty good deal.

    I use this to rent a ski condo. They are also very easy to work with and customer service, I have found, is extremely responsive. The condo I referred to is billed by the owner and the credit card category does not reflect lodging or hotel on this charge. A simple call to them explaining this yielded an adjustment so that I could use the lower points spend to cover the cost. And, this was done while I was on the phone.

  • cAPoNEpRO

    Once again the Cap One card shines. It is the highest point yielding card with 2x on ALL purchases. I don’t understand why this card is not discussed a lot more than it is. I guess it may be partially due to their never having any mega points sign up bonuses. But 2x is a pretty good deal.

    I use this to rent a ski condo. They are also very easy to work with and customer service, I have found, is extremely responsive. The condo I referred to is billed by the owner and the credit card category does not reflect lodging or hotel on this charge. A simple call to them explaining this yielded an adjustment so that I could use the lower points spend to cover the cost. And, this was done while I was on the phone.

  • cAPoNEpRO

    Once again the Cap One card shines. It is the highest point yielding card with 2x on ALL purchases. I don’t understand why this card is not discussed a lot more than it is. I guess it may be partially due to their never having any mega points sign up bonuses. But 2x is a pretty good deal.

    I use this to rent a ski condo. They are also very easy to work with and customer service, I have found, is extremely responsive. The condo I referred to is billed by the owner and the credit card category does not reflect lodging or hotel on this charge. A simple call to them explaining this yielded an adjustment so that I could use the lower points spend to cover the cost. And, this was done while I was on the phone.

  • John

    So is Chase basically charging us a back door 3% foreign transaction fee on cards like the BA and Sapphire Pref. by giving us a worse exchange rate even though these cards are supposed to be no foreign transaction fee? Brian, what is your experience with this when using these cards abroad?

  • Anonymous

    So that’s interesting. I was under the impression that thats the way almost all credit cards worked a few years ago. I assume some legislation passed (maybe not — it looks like it’s not in the CARD act) because at some point I started noticing “Foreign Transaction Fees” on my statement and the exchange rates were basically interbank.

    This is the only reason I signed up for Sapphire Preferred so if they are doing this that would make me quite unhappy. Somehow I doubt it, though. I read through the entire disclosures box and it doesn’t mention anything about this other than “Foreign Transaction Fees: NONE” Either way, I’ll definitely be calling them.

  • anon

    penfed travel rewards visa, no FT fee, no annual fee. credit union but easy to get for all

  • Kroozer

    My experience this summer on charges in UK and India. Chase BA Visa currency exchange rate was exactly the same as AmEx SPG card while only the AmEx had the additional foreign transaction fee on top. I did not check the WSJ published rate for that day, but in past experience the AmEx currency exchange rates have been most competitive, therefore I was satisfied with the “No Foreign Transaction Fee” feature of the Chase BA Visa card.

  • Benthelefty

    I had the same experience while in Central America this summer. I made a purchase w/ the Capital One Venture card through an ATM and I was charged what looked like 3% to the card. The lady said that i wasn’t charged up front but for every day I didn’t pay it I still got hit with the fee. I got it removed but I was thoroughly annoyed and felt lied to. I am curious what Brian will say…

  • Benthelefty

    Has the $95 fee for the BA card always been there? Any link to have it waived for the first year? Thanks!

  • Tt…

    the card doesnt have anything else…

    (1) first they are stingy on credit limit.. (personally, it is my OLDEST card, perfect payment history, yet 4k limit despite my requesting higher, 20k+ average on my other card, etc… 4k wont last a long trip for me)

    (2) maybe in the past, but their websites do not work on sundays!!! yes, every sunday the site was down for “maintenance”. now, even when the site does work, its very barebones — no break down of charge categories, bill vs tip, etc

    (3) no other feature of a high level world mc / sig visa / amex. e.g. purchase protection, price protection, warranty protection, etc etc

  • http://www.facebook.com/profile.php?id=690395302 Dror Shimshowitz

    Fees are one thing, but this analysis really requires looking at the exchange rates which each card charges. If there’s no fee, but the exchange rate sucks, then how is this a good thing?

  • Anonymous

    Having no foreign transaction fees and a crappy exchange rate is still better than having foreign transaction fees AND a crappy exchange rate.

    That being said, I have never analyzed the exchange rates of my foreign transactions, which is something I can do since I’m going to Europe this weekend. I’ll let you know what I find out!

  • Anonymous

    Nope- I haven’t seen it get waived in a couple years

  • PJ

    indeed relax !! FX rates are VERY VERY Reasonable coming from credit cards debit cards whatsoever. the 3% surcharge is THE killer.

  • Didier

    I used a Chase BA Visa in Japan this summer and got the spot rate for yen/dollar with no transaction fee added. It was a much better rate than one can get exchanging dollars for yen at banks.

  • padspin

    One thing I noticed on a recent UK visit was stores who ask if you want to be charged in $. If you say yes which I did once you get charged a fee (about 3%) on the bill (not by the card) which I assume goes to the bank that services that account. Always opt to be charged in the local currency to avoid additional fees.

  • http://www.facebook.com/people/John-Imig/1544306547 John Imig

    Add JPMorgan Select card. No longer just for Private Banking clients. $95 AF, $0 FETF, also has chip&PIN (predominant payment system in the UK/EU).

    Also, I think a little disclosure is in order. Which of these pay you an affiliate fee? Obviously you don’t have to disclose, but really it’s only fair, since you’re recommending them.

  • JNYC

    I know this is not the topic, but I have to say thank you because your site is so amazing. I love traveling, and as a busy RN, I cannot do it as often. Through the advices in your site, I have learned how to use my Amex points. I wasted 50,000 points in Amex once in buying two coach flights to the caribbean and It only covered one flight and a quarter through the Amex site. But, following your advices here, now I transferred my 120,000 Amex Platinum (I had been target for 100,000 to apply) points to delta offer for 180,000 skymiles and apply to those Citi Adavnatge cards for 150,000. This allows me at least 11 coach flights within America or 7 coach flights to Europe and I am delighted! Now, I know you always recommend flying first class, but as someone who has flown first class before, I prefer to save that obsence amount of money for a 8-12hr flight, in a 5 star hotel for almost a week. And to know now that I can get to see more of Europe and on so little money, and use that flight money towards fine hotels it feels like yippieeeee! Lol. Thanks!

  • Brendan

    While the spend is higher, I noticed on Rick’s site that there is a 50,000 Citi Thank You Premier sign-up bonus available. Perhaps I’m dim, but this card still doesn’t seem particularly appealing.

  • http://twitter.com/cavers matt kojalo

    the visa black card has no Foreign Transaction Fees

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  • Readman99

    I live in Canada 6 months each year and notice this card does not charge foreign exchange fees .Is this true or do they increase the actual exchange rate to add on an extra 3 %. Bill

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