How to choose a no-foreign-transaction-fee credit card
Editor's Note
If you're a frequent traveler, you might be familiar with foreign transaction fees — and how they can add up, making every purchase more expensive.
When you make a purchase in a foreign country through an international merchant, your credit card issuer charges these fees, typically up to 3% of the transaction amount.
The good news? Many credit cards waive foreign transaction fees entirely, helping you save money when you travel. In fact, Discover and Capital One don't charge foreign transaction fees on any of their cards.
Here's our guide to finding a no-foreign-transaction-fee credit card that works for you.
Related: 9 types of cards you should pack for your next trip abroad
Comparing the best no-foreign-transaction-fee credit cards
| Card | Best for | Welcome offer | Earning rates | Annual fee |
|---|---|---|---|---|
Flat-rate earning | Earn 75,000 miles after spending $4,000 on purchases within the first three months of account opening. |
| $95 | |
Total value | Earn 75,000 bonus points after you spend $5,000 on purchases in the first three months from account opening. |
| $95 | |
Renters | N/A |
(Must use Bilt Mastercard 5 times each statement period to earn points on rent and qualifying net purchases) | $0 | |
Entertainment spending | Enjoy a $100 Capital One Travel credit to use in your first cardholder year. Plus, earn $200 cash back after spending $500 on purchases within three months of account opening. |
| $0 | |
Bonus spending | Earn 90,000 bonus points after spending $8,000 in the first three months from account opening. |
| $95 | |
Dining at restaurants worldwide | Find out your offer and see if you are eligible to earn as high as 100,000 Membership Rewards points after spending $6,000 on eligible purchases in your first six months of card membership. Welcome offers vary and you may not be eligible for an offer. |
| $325 (see rates and fees) | |
Luxury perks | Find out your offer and see if you are eligible for as high as 175,000 Membership Rewards Points after spending $8,000 on purchases within the first six months of card membership. Welcome offers vary and you may not be eligible for an offer. |
| $895 (see rates and fees) | |
Bank of America customers | Earn 60,000 online bonus points after making at least $4,000 in purchases in the first 90 days of account opening. |
| $95 | |
Travel | Earn 125,000 bonus points after spending $6,000 on purchases in the first three months of account opening.
|
points on travel earned after the annual $300 travel credit | $795 | |
Airline points | Earn 60,000 bonus points and a $99 Companion Fare (plus taxes and fees from $23) after spending $3,000 on purchases within the first 90 days of opening your account, plus receive a 30% global flight discount code for a qualifying future flight after opening your new account. |
| $95 | |
One Key+™ Card | Expedia enthusiasts | Earn $400 in OneKeyCash™ after spending $3,000 on purchases in the first three months. |
| $99 |
No annual fee and no foreign transaction fees | Earn Unlimited Cashback Match for all new cardmembers–only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year. |
| $0 | |
Beginner travelers | Earn 40,000 bonus points after spending $3,000 in eligible purchases within the first six months of card membership. |
| $150 | |
ApplePay and mobile wallet users | Earn 50,000 points after spending $4,500 in the first 90 days. |
| $400 |
*TPG Brian Kelly is a Bilt advisor and investor.
**The information for the Bilt Mastercard, Ink Business Preferred, One Key+ Card, Discover it Cash Back, the U.S. Bank Altitude Reserve Visa Infinite and the Amex Green card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
How to choose a no-foreign-transaction-fee credit card
Consider where you're traveling
Before choosing a credit card, make sure it's widely accepted in the countries you plan to visit. Even the best travel card won't be useful if merchants don't take it.
For example, Visa and Mastercard are generally accepted almost everywhere, while issuers such as Discover and American Express are often limited outside North America. Checking ahead can help you pick the best card for your destination and avoid payment issues while abroad.
Related: Where to go in 2025: The 29 best places to travel
Determine your overall goals
When choosing a no-foreign-transaction-fee credit card, consider what matters most to you. A generous welcome offer can add significant value, but you might prioritize an ongoing rewards program that aligns with your spending instead.
Think about your primary goal — do you want to maximize travel rewards, earn cash back or focus on paying down a balance? With several no-foreign-transaction-fees cards available, try to narrow down your options by deciding what type of card makes sense for you.
You might opt for a premium travel rewards card, a no-annual-fee cash back card or something in between.
For example, if you're planning a lavish 10-day getaway or have multiple trips lined up for the year, a premium travel rewards card could offer the most value with perks like lounge access and bonus points on travel purchases.
On the other hand, if you're an occasional traveler taking a short trip abroad, a no-annual-fee or cash back card with no foreign transaction fees might be a more practical choice. Fortunately, plenty of options are available to fit different travel styles and budgets.
Related: How to pick the right travel credit card for you
Compare welcome offers
Once you've identified the type of card that fits your needs, the next step is comparing current welcome offers. A strong welcome bonus can significantly boost a card's value, especially if it comes with a large amount of points, miles or cash back after meeting the minimum spending requirement.
However, a welcome offer isn't everything. You might prioritize a card with a lucrative, long-term rewards program over one with a short-term bonus — keep your goals in mind when making this decision.
To help, TPG has a guide that tracks the welcome offer history on some of the most popular travel cards on the market. It can help you determine the best time to apply for a specific card.
Related: How can I get a higher, targeted credit card introductory bonus?
How do I pay foreign transaction fees?
Foreign transaction fees are automatically applied to your credit card statement when you make a purchase in a foreign currency. There's no separate payment process — the fee is bundled into the total charge that appears on your statement.
If your credit card has foreign transaction fees, you will see them listed alongside each international transaction.
Are foreign transaction fees impacted by exchange rates?
No, foreign transaction fees are not impacted by exchange rates. These fees are separate charges imposed by your credit card issuer for processing transactions in a foreign currency.
While exchange rates may fluctuate based on market conditions, foreign transaction fees remain a fixed percentage of your purchase amount — typically up to 3%.
Bottom line
There are plenty of no-foreign-transaction-fee credit cards on the market. Considering a few basic factors, you can find a card that will give you plenty of value, whether traveling abroad or staying at home.
Related: Foreign transaction fees: Everything you need to know
For rates and fees of the Amex Gold Card, click here.
For rates and fees of the Amex Platinum Card, click here.
Updated 10/29/25.
TPG featured card
Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month