The 7 Best ERC Companies For Getting Your ERC Funds
Read More Mar 8, 2023 Filed under: Accounting, Bookkeeping, Invoicing, Small Business
Top 10 Credit Cards With No Foreign Transaction Fees
The number of credit cards that don't charge a foreign transaction fee has been expanding in recent years, and you now have a wide range of choices, so take to the skies!
-
Expert Analyst & Reviewer
UPDATED
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
A no foreign transaction fee credit card will help you avoid paying needless charges when making purchases outside the country. Many credit cards carry a 3% foreign transaction fee, meaning that for every $100 in overseas charges that you make, you’ll be spending another $3 in fees. For those of you who travel internationally, we’ve put together this list of credit cards with no foreign transaction fees.
Learn More About Our Top Picks
| Company | Best For | Next StepsBest For |
|---|---|---|
Capital One Quicksilver Cash Rewards  | Best for cash back with no annual fee. | Best for cash back with no annual fee. |
Chase Ink Business Preferred  | Best for business travel. | Best for business travel. |
QuicksilverOne from Capital One  | Best for average credit scores. | Best for average credit scores. |
Capital One VentureOne Rewards  | Best for travel rewards. | Best for travel rewards. |
Chase Sapphire Preferred  | Best for transferable travel rewards. | Best for transferable travel rewards. |
| Show More Options | ||
The Platinum Card From American Express  | Best for luxury travel perks. | Best for luxury travel perks. |
Bank Of America Travel Rewards  | Best for flat-rate travel rewards. | Best for flat-rate travel rewards. |
Chase Sapphire Reserve  | Best for cash back on international purchases. | Best for cash back on international purchases. |
American Express Gold Card  | Best for restaurants and dining. | Best for restaurants and dining. |
Discover it Miles  | Best for flexible travel rewards. | Best for flexible travel rewards. |
| Show Fewer Options |
Read more below to learn why we chose these options.
Table of Contents [hide][show]
- The Best Credit Cards Without A Foreign Transaction Fee
- 1. Capital One Quicksilver Cash Rewards: Best For Cash Back With No Annual Fee
- 2. Chase Ink Business Preferred: Best For Business Travel
- 3. Capital One QuicksilverOne Cash Rewards: Best For Average Credit Scores
- 4. Capital One VentureOne Rewards: Best For Travel Rewards
- 5. Chase Sapphire Preferred: Best For Transferable Travel Rewards
- 6. The Platinum Card From American Express: Best For Luxury Travel Perks
- 7. Bank Of America Travel Rewards: Best For Flat Rate Travel Rewards
- 8. Chase Sapphire Reserve: Best For Cash Back On International Purchases
- 9. American Express Gold Card: Best For Restaurants & Dining
- 10. Discover it Miles: Best For Flexible Travel Rewards
- Why We Don't Recommend This Option
- Which No Foreign Transaction Fee Credit Card Is Right For Your Business?
- FAQs: No Foreign Transaction Fee Credit Cards
- In Summary: The Best Credit Cards Without A Foreign Transaction Fee
Table of Contents
- The Best Credit Cards Without A Foreign Transaction Fee
- 1. Capital One Quicksilver Cash Rewards: Best For Cash Back With No Annual Fee
- 2. Chase Ink Business Preferred: Best For Business Travel
- 3. Capital One QuicksilverOne Cash Rewards: Best For Average Credit Scores
- 4. Capital One VentureOne Rewards: Best For Travel Rewards
- 5. Chase Sapphire Preferred: Best For Transferable Travel Rewards
- 6. The Platinum Card From American Express: Best For Luxury Travel Perks
- 7. Bank Of America Travel Rewards: Best For Flat Rate Travel Rewards
- 8. Chase Sapphire Reserve: Best For Cash Back On International Purchases
- 9. American Express Gold Card: Best For Restaurants & Dining
- 10. Discover it Miles: Best For Flexible Travel Rewards
- Why We Don't Recommend This Option
- Which No Foreign Transaction Fee Credit Card Is Right For Your Business?
- FAQs: No Foreign Transaction Fee Credit Cards
- In Summary: The Best Credit Cards Without A Foreign Transaction Fee
The Best Credit Cards Without A Foreign Transaction Fee
We’ve tailored our list of the best no foreign transaction fee credit cards to fit a number of common business requirements and needs:
- Capital One Quicksilver Cash Rewards: Best for cash back with no annual fee.
- Chase Ink Business Preferred: Best for business travel.
- Capital One QuicksilverOne Cash Rewards: Best for average credit scores.
- Capital One VentureOne Rewards: Best for travel rewards.
- Chase Sapphire Preferred: Best for transferable travel rewards.
- The Platinum Card From American Express: Best for luxury travel perks.
- Bank Of America Travel Rewards: Best for flat-rate travel rewards.
- Chase Sapphire Reserve: Best for cash back on international purchases.
- American Express Gold Card: Best for restaurants and dining.
- Discover it Miles: Best for flexible travel rewards.
1. Capital One Quicksilver Cash Rewards: Best For Cash Back With No Annual Fee
Capital One Quicksilver Cash Rewards |
|---|
Pros
- Unlimited 1.5% cash back on all purchases
- No annual fee
- 0% intro APR for 15 months
Cons
- Excellent credit recommended
- No extra cash back on travel purchases
Capital One Quicksilver Cash Rewards Benefits
Capital One's Quicksilver Cash Rewards card will see you earning 1.5% cash back on all your foreign and domestic purchases. The Quicksilver Cash Rewards card gives you effortless savings with no foreign transaction fees and no annual fee to balance against your rewards (plus some generous welcome offers).
- Unlimited 1.5% cash back on all purchases
- No annual fee
- Earn $200 once you spend $500 on purchases within three months from account opening
- 0% intro APR for 15 months
Rewards & Perks
The 1.5% cash back you'll earn on all purchases (with no limit on the amount of cash back you can earn) makes for easy savings. However, the generous welcome offer and 0% intro APR period really enhance the value of the Capital One Quicksilver Cash Rewards card. Many users will have no trouble charging $500 to the card within three months, and these cardholders will recoup $200 of that spending. What's more, the 15-month 0% APR period is exceptionally generous, as most such 0% APR periods last a year at best.
Capital One Quicksilver Cash Rewards Rates & Fees
- No foreign transaction fee
- APR: 0% for 15 months, 15.24–25.24% variable APR thereafter
- Annual Fee: $0
- Cash Advance APR: 25.24%, variable
- Late Payment Fee: Up to $40
Eligibility Requirements
- Excellent credit (typically 740+) recommended by Capital One
Where Capital One Quicksilver Cash Rewards Really Shines
The Capital One Quicksilver Cash Rewards card doesn't have any special reward tiers for travel spending, so it's not what I'd recommend for the most frequent travelers. However, the card's combination of unlimited 1.5% cash back on all spending, no annual fee, 0% APR for 15 months, and (of course) no foreign transaction fee make it ideal for those wanting to save money while not incurring extra charges on international purchases. And all without having to think about spending categories.
Get Started With Capital One Quicksilver Cash Rewards
2. Chase Ink Business Preferred: Best For Business Travel
Chase Ink Business Preferred |
|---|
Annual Fee
$95Minimum Recommended Credit
ExcellentRewards Rate
3 or 1 point per dollar spentPros
- Earn extra points on travel spending
- Points are worth 25% more when used for travel
- Get employee cards for no additional cost
Cons
- $95 annual fee
- Good to excellent credit required
Chase Ink Business Preferred Benefits
Chase Ink Business Preferred is a business credit card that confers some nice travel benefits beyond the lack of a foreign transaction fee. With elevated points-earning on travel, points worth more when redeemed on travel, and the ability to transfer your points 1:1 to various airline and hotel travel programs, the Ink Business Preferred card is a great choice for business travel.
- Earn 3 points per $1 on the first $150,000 spent annually in combined purchases in the following categories:
- Travel
- Shipping purchases
- Advertising purchases made with social media sites and search engines
- Internet, cable, and phone services
- Earn 1 point per $1 spent on all other purchases
- Earn 100,000 bonus points after you spend $15,000 on purchases within three months from account opening
- Points are worth 25% more when redeemed on travel
- Get employee cards at no additional cost
Rewards & Perks
While we love that you'll earn 3 points per dollar spent on travel, the fact that your points go further when redeemed for travel only heightens the card's appeal. If you take advantage of the welcome offer and earn 100,000 bonus points, those points will be worth $1,000 unless redeemed for travel. In that case, they'll be worth $1,250. Since this is a business credit card, the Ink Business Preferred also gets you additional perks, such as free cards for your employees.
Chase Ink Business Preferred Rates & Fees
- No foreign transaction fee
- APR: 15.99%-20.99%, variable
- Annual Fee: $95
- Cash Advance APR: 25.24%, variable
- Late Payment Fee: $40
Eligibility Requirements
- Good to excellent credit (640+) recommended
Where Chase Ink Business Preferred Really Shines
Businesses that require employees to travel internationally will find a lot to like about the Chase Ink Business Preferred card. The card makes for a useful business travel tool with its enhanced point-earning on travel purchases, points that increase in value when redeemed for travel, a sizable welcome offer, and business benefits.
Get Started With Chase Ink Business Preferred
3. Capital One QuicksilverOne Cash Rewards: Best For Average Credit Scores
QuicksilverOne from Capital One |
|---|
Annual Fee
$39Minimum Recommended Credit
FairRewards Rate
Unlimited 1.5% cash backPros
- Unlimited 1.5% cash back on all purchases
- Available to applicants with average credit
- Get access to a higher credit line in as little as six months
Cons
- No welcome offer or intro 0% APR
- High APR
Capital One QuicksilverOne Cash Rewards Benefits
The QuicksilverOne Cash Rewards card is one of the few credit cards that lacks a foreign transaction fee and is available to applicants with average credit. Like Capital One's other Quicksilver card, the QuicksilverOne Cash Rewards card offers an unlimited 1.5% cash back on all purchases. But since this card is for people with average credit, this card offers no introductory 0% APR, an annual fee of $39, and a high variable APR.
- Unlimited 1.5% cash back on all purchases
- People with average credit can qualify
Rewards & Perks
With no introductory 0% APR and a high APR, you'll want to avoid carrying a significant month-to-month balance with the QuicksilverOne Cash Rewards card. You'll also need to spend $2,600+ a year to earn enough cash back to make up for the annual fee. Still, a 1.5% cash back rate is quite competitive for a card that consumers with average credit can get.
Capital One QuicksilverOne Cash Rewards Rates & Fees
- No foreign transaction fee
- APR: 27.24%, variable
- Annual Fee: $39
- Cash Advance APR: 27.24%, variable
- Late Payment Fee: Up to $40
Eligibility Requirements
- Average credit (580+) recommended
Where Capital One QuicksilverOne Cash Rewards Really Shines
You won't get many extra perks or benefits with the QuicksilverOne Cash Rewards card. What you will get, however, is a card that gives you 1.5% cash back on all purchases with no limit to the amount of cash back you can earn (plus no foreign transaction fee!). And by paying off your card, you'll be building up your credit, thus potentially qualifying you for a better credit card in the future.
Get Started With QuicksilverOne from Capital One
4. Capital One VentureOne Rewards: Best For Travel Rewards
Capital One VentureOne Rewards |
|---|
Pros
- Enhanced miles-earning on hotels and rental cars booked through Capital One Travel
- No annual fee
- 0% intro APR for 15 months
Cons
- Excellent credit required
Capital One VentureOne Rewards Benefits
Capital One VentureOne Rewards is a solid travel rewards card for consumers with excellent credit. While the unlimited 1.25 miles you'll earn for each dollar spent is nice, the five additional miles per dollar you'll earn for spending on hotels and rental cars booked through Capital One's travel portal is what truly gives this card its value.
- Unlimited 1.25 miles per dollar on every purchase
- Earn an additional five miles per dollar spent on hotels and rental cars booked through Capital One Travel
- No annual fee
- Earn 20,000 bonus miles after you spend $500 on purchases within three months from account opening
- 0% intro APR for 15 months
Rewards & Perks
Along with the extra miles you'll earn on hotels and rental cars booked through Capital One Travel, the card offers a generous 0% intro APR for 15 months and 20,000 bonus miles after spending $500 within the first three months. What's more, there's no annual fee you'll have to balance your extra miles against.
Capital One VentureOne Rewards Rates & Fees
- No foreign transaction fee
- APR: 0% for 15 months, 15.24-25.24% variable APR thereafter
- Annual Fee: $0
- Cash Advance APR: 25.24%, variable
- Late Payment Fee: Up to $40
Eligibility Requirements
- Excellent credit (740+) required
Where Capital One VentureOne Rewards Really Shines
With enhanced miles-earning on travel purchases booked through Capital One's travel portal, a generous welcome offer and 0% intro APR period, and no annual or foreign transaction fee, the Capital One VentureOne Rewards card is an ideal travel companion.
Get Started With Capital One VentureOne Rewards
5. Chase Sapphire Preferred: Best For Transferable Travel Rewards
Chase Sapphire Preferred |
|---|
Annual Fee
$95Minimum Recommended Credit
GoodRewards Rate
2 or 1 point per $1 spentPros
- Earn 5X points on travel purchased through Chase Ultimate Rewards
- Transfer your points on a 1:1 basis to Chase’s airline and hotel partner programs
- Points are worth 25% more when redeemed for travel
Cons
- $95 annual fee
- No intro 0% APR
Chase Sapphire Preferred Benefits
The Chase Sapphire Preferred card is another travel rewards card with no foreign transaction fee. With Sapphire Preferred, not only can you redeem your rewards through Chase's travel portal -- you can also transfer your points on a 1:1 basis to numerous airline and hotel travel partners. You'll also earn 5X points on travel purchased through Chase Ultimate Rewards (excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit).
- Earn 5X points on travel purchased through Chase Ultimate Rewards (earn 2X on other travel purchases)
- Earn 3X points on dining, online grocery purchases (excluding Target, Walmart, and wholesale clubs), and select streaming purchases
- Earn 1X points on all other purchases
- Earn 60,000 bonus points after you spend $4,000 on purchases within three months from account opening
- Earn up to $50 in statement credits each year for hotel stays purchased through Chase Ultimate Rewards
- Transfer your points on a 1:1 basis to various airline and hotel travel programs
- Points are worth 25% more when redeemed for travel
- Each year, you'll earn bonus points equal to 10% of your total purchases made the previous year
Rewards & Perks
With all the enhanced point-earning and travel benefits of Chase Sapphire Preferred, it's easy to miss the welcome offer of 60,000 bonus points, earnable by spending $4,000 on purchases in your first three months. Though you'll have an annual fee to contend with, it's very easy to come out ahead with the Sapphire Preferred card.
Chase Sapphire Preferred Rates & Fees
- No foreign transaction fee
- APR: 16.24-23.24%, variable
- Annual Fee: $95
- Cash Advance APR: 25.24%, variable
- Late Payment Fee: Up to $40
Eligibility Requirements
- Good credit (690+) required
Where Chase Sapphire Preferred Really Shines
Though the card carries a $95 annual fee, the numerous travel benefits you'll get with the Chase Sapphire Preferred will more than pay for this fee if you make travel purchases regularly. And with the ability to transfer your points on a 1:1 basis to Chase's travel partners, it's one of the more flexible travel credit cards on the market.
Get Started With Chase Sapphire Preferred
6. The Platinum Card From American Express: Best For Luxury Travel Perks
The Platinum Card From American Express |
|---|
Pros
- Get access to 1,400+ airport lounges around the world
- Countless other travel-related perks and benefits
- Earn 5X points on flights and prepaid hotels booked through Amex Travel
Cons
- $695 annual fee
- The rewards rate for non-travel purchases is lackluster
Platinum Card From American Express Benefits
The Platinum Card from American Express sports a $695 annual fee, indicating that this card is for the well-heeled traveler seeking the finest in travel perks, not the average traveler. Of all the numerous travel benefits this card offers, the best benefit may be the 1,400+ airport lounges worldwide you'll gain access to via the American Express Global Lounge Collection -- the largest airport lounge network around.
- Earn 125,000 points after you spend $6,000 on purchases within six months from account opening
- Get access to the Amex Global Lounge Collection (1,400+ airport lounges in 650 cities)
- Earn $200 in statement credits annually on select prepaid hotel bookings with Amex Travel
- Earn $200 in statement credits annually when you charge incidental travel fees on one selected airline to your card
- Earn $20 back monthly on select digital entertainment subscriptions
- Earn additional credits with Walmart, Uber, Equinox, Saks, CLEAR, and Resy
- Earn 5X on points on flights booked directly with airlines or with Amex Travel on up to $500K in annual purchases
- Earn 5X points on prepaid hotels booked with Amex Travel
- Earn 1X points on all other purchases
Rewards & Perks
As you can see, the Amex Platinum card gives you a truly enormous amount of potential benefits, mainly for travel. However, on most non-travel spending, the card's benefits are pretty meager for such an exclusive card.
Platinum Card from American Express Rates & Fees
- No foreign transaction fee
- APR: 16.24-23.24%, variable on eligible Pay Over Time purchases (this card is technically a charge card, but you can carry a balance on purchases over $100)
- Annual Fee: $695
- Cash Advance APR: 25.49%, variable
- Late Payment Fee: Up to $40
Eligibility Requirements
- Good to excellent credit (690+) required
Where Platinum Card From American Express Really Shines
If you're a frequent traveler who a) doesn't mind a $695 annual fee and b) is prepared to take advantage of all the available credits by navigating the system correctly, the Platinum Card from American Express may be for you.
Get Started With The Platinum Card From American Express
7. Bank Of America Travel Rewards: Best For Flat Rate Travel Rewards
Bank Of America Travel Rewards |
|---|
Pros
- Unlimited 1.5% cash back on all purchases
- No annual fee
- 25,000 online bonus points if you make at least $1,000 in purchases within 90 days
Cons
- 0% intro APR for 15 months
- No enhanced rewards-earning on travel
Bank Of America Travel Rewards Benefits
The Bank Of America Travel Rewards card presents an interesting value proposition to travelers. The card offers a flat 1.5% cash back rate on all purchases, no annual or foreign transaction fee, and an introductory 0% APR for 15 months. As for travel benefits, you'll get 25,000 online bonus points if you make at least $1,000 in purchases within 90 days of your account opening. This bonus is redeemable for a $250 statement credit toward travel and dining purchases.
- Unlimited 1.5% cash back on all purchases
- No annual fee
- Earn 25,000 online bonus points after spending $1,000 within 90 days of account opening, redeemable for a $250 statement credit toward travel and dining purchases
- 0% intro APR for 15 months
Rewards & Perks
As this card doesn't offer enhanced points-earning on travel purchases, it's not the ultimate travel card. However, if your spending is pretty diffuse and you want a flat-rate rewards card with a nice welcome offer that you can put toward travel, the Bank Of America Travel Rewards card is a good deal.
Bank Of America Travel Rewards Rates & Fees
- No foreign transaction fee
- APR: 0% for 15 months, 14.24%-24.24% variable APR thereafter
- Annual Fee: $0
- Cash Advance APR: 17.24%-27.24% variable APR for direct deposit and Check Cash advances, and 29.24% variable APR for Bank Cash Advances
- Late Payment Fee: Up to $40
Eligibility Requirements
- Good to excellent (690+) credit required
Where Bank Of America Travel Rewards Really Shines
If you want the most travel rewards possible, this isn't the card for you. But if you want a flat-rate cash back card that comes with a generous welcome offer that can be redeemed for a $250 travel credit, look into the Bank Of America Travel Rewards card.
Get Started With Bank Of America Travel Rewards
8. Chase Sapphire Reserve: Best For Cash Back On International Purchases
Chase Sapphire Reserve |
|---|
Annual Fee
$550Minimum Recommended Credit
GoodRewards Rate
3 or 1 point per $1 spentPros
- Earn up to 10X points on travel
- Points are worth 50% more when redeemed for travel through Chase Ultimate Rewards
- Earn $300 in statement credits annually as reimbursement for travel purchases
Cons
- $550 annual fee
- The rewards scheme is incredibly complex
Chase Sapphire Reserve Benefits
Chase Sapphire Reserve is an exclusive travel card that, among other things, gives you a level of points-earning for travel that can reach 10X! Suffice to say, it's a complex reward scheme (we'll explain it below), and with an annual fee of $550, this card is only for the most dedicated travelers. But if this is you, rejoice!
- Earn 10X points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards after the first $300 is spent on travel purchases annually
- Earn 5X total points on flights when you purchase travel through Chase Ultimate Rewards after the first $300 is spent on travel purchases annually
- Earn 3X points on other travel worldwide after the first $300 is spent on travel purchases annually
- Earn 10X total points on Chase Dining purchases with Ultimate Rewards
- Earn 3X points on other dining at restaurants, including eligible delivery services, takeout, and dining out
- Earn 1X points on all other spending
- Points are worth 50% more when you redeem for travel through Chase Ultimate Rewards
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first three months from account opening
- Earn $300 in statement credits annually as reimbursement for travel purchases
Rewards & Perks
If you made it through the lengthy list of travel benefits above, congratulations! Yes, it's a rewards program that requires a lot of dedication and attention to detail to get the most out of it. However, if you're prepared to do that -- and you're prepared to pay the massive $550 annual fee -- you'll enjoy the benefits of one of the most powerful travel credit cards to be found anywhere.
Chase Sapphire Reserve Rates & Fees
- No foreign transaction fee
- APR: 17.24%-24.24%, variable
- Annual Fee: $550; $75 for each additional authorized user
- Cash Advance APR: 25.24%, variable
- Late Payment Fee: Up to $40
Eligibility Requirements
- Excellent credit (740+) required
Where Chase Sapphire Reserve Really Shines
With a $550 annual fee, the Chase Sapphire Reserve card isn't the most practical credit card around. But if you love to travel and are willing to learn a rewards scheme so complicated that it gives me a headache just reading through it, you'll be earning points at a rate that few credit cards could ever match.
Get Started With Chase Sapphire Reserve
9. American Express Gold Card: Best For Restaurants & Dining
American Express Gold Card |
|---|
Pros
- Earn an unlimited 4X points on dining
- Earn 3X points on flights booked directly with airlines or on amextravel.com
- Earn 75,000 points after you spend $4,000 on purchases on your new card in your first six months
Cons
- $250 annual fee
- No introductory 0% APR with Pay Over Time
American Express Gold Card Benefits
The American Express Gold Card is another card with a high annual fee (though not as high as some of the cards we've profiled here) and a correspondingly high level of rewards earning. As you'll see below, the Amex Gold Card handsomely rewards both dining and traveling.
- Earn 4X points on dining at restaurants worldwide and takeout and delivery in the US
- Earn 4X points at US supermarkets on up to $25,000 in annual purchases
- Earn 3X points on flights booked directly with airlines or through Amex's travel portal
- Earn 1X points on all other purchases
- Earn 75,000 points after you spend $4,000 in your first six months
- Add your Gold Card to your Uber account and get $10 in Uber Cash each month for a total of up to $120 per year
Rewards & Perks
The Amex Gold Card is designed to reward both dining and travel. Of course, you'll have to do a lot of both to recoup the value of the card's $250 annual fee.
American Express Gold Card Rates & Fees
- No foreign transaction fee
- APR: 16.24-23.24%, variable on eligible Pay Over Time purchases (this card is technically a charge card, but you can carry a balance on purchases over $100)
- Annual Fee: $250
- Cash Advance APR: 25.49%, variable
- Late Payment Fee: Up to $40
Eligibility Requirements
- Good to excellent credit (690+) recommended
Where American Express Gold Card Really Shines
With a generous welcome offer, a high rate for points-earning on dining and travel, and Uber Cash benefits, those who spend a fair amount on the finer things have a formidable travel credit card on their hands. And, of course, this card has no foreign transaction fee.
Get Started With American Express Gold Card
10. Discover it Miles: Best For Flexible Travel Rewards
Discover it Miles |
|---|
Pros
- Earn 1.5X miles on every purchase
- Discover automatically matches all the miles you earn at the end of your first year
- 0% intro APR for 15 months
Cons
- No enhanced miles-earning categories
- Good credit required
Discover it Miles Benefits
The Discover it Miles card doesn't offer the highest rewards rate, but what it does offer is flexibility. You'll be earning an unlimited 1.5X miles on all your purchases, and you can choose from four different redemption options. And because Discover matches all the miles you earn at the end of your first year, earning 30,000 miles will turn into 60,000 miles, equalling $600. Unlike many credit card welcome offers, this one doesn't require a minimum level of spending.
- Earn 1.5X miles on all spending
- Redeem your miles for cash, as a statement credit toward a travel purchase, at checkout with Amazon.com, or when you pay with PayPal
- Your earned miles double at the end of your first year with the card
Rewards & Perks
As you'll be earning rewards with every purchase without paying an annual fee or a foreign transaction fee, it's easy to come out ahead with the Discover it Miles card -- especially during the first 15 months, when the APR is 0%.
Discover it Miles Rates & Fees
- No foreign transaction fee
- APR: 0% for 15 months; 12.24-23.24% thereafter
- Annual Fee: $0
- Cash Advance APR: 25.24%, variable
- Late Payment Fee: None the first time you pay late -- after that, up to $40
Eligibility Requirements
- Good to excellent credit (690+) required
Where Discover it Miles Really Shines
The Discover it Miles isn't a luxury travel card. However, you'll get some nice reward redemption options for a card with no annual fee, no foreign transaction fee, and 0% APR for 15 months. You won't even have to pay a late fee if you make one late payment.
Get Started With Discover it Miles
Why We Don't Recommend This Option
Capital One Platinum
The Capital One Platinum credit card is a workable card for applicants with average credit. However, it didn’t make our list because the card doesn’t offer any rewards for your spending. In contrast, the Capital One QuicksilverOne Cash Rewards gives you 1.5% cash back on all purchases while still being available to those with average credit.
Which No Foreign Transaction Fee Credit Card Is Right For Your Business?
If you spend a significant amount of time outside the US, an ordinary credit card will have you needlessly paying an extra 3% to your credit card company in foreign transaction fees.
Don’t be a sucker. When spending money abroad, use a credit card that doesn’t charge a foreign transaction fee. Thankfully, the number of such cards has been expanding in recent years, and you now have a wide range of choices!
Still looking for the credit card that best fits your circumstances? Check out these helpful resources!
FAQs: No Foreign Transaction Fee Credit Cards
In Summary: The Best Credit Cards Without A Foreign Transaction Fee
- Capital One Quicksilver Cash Rewards: Best for cash back with no annual fee.
- Chase Ink Business Preferred: Best for business travel.
- QuicksilverOne from Capital One: Best for average credit scores.
- Capital One VentureOne Rewards: Best for travel rewards.
- Chase Sapphire Preferred: Best for transferable travel rewards.
- The Platinum Card From American Express: Best for luxury travel perks.
- Bank Of America Travel Rewards: Best for flat-rate travel rewards.
- Chase Sapphire Reserve: Best for cash back on international purchases.
- American Express Gold Card: Best for restaurants and dining.
- Discover it Miles: Best for flexible travel rewards.
Jason Vissers
Expert Analyst & Reviewer at Merchant Maverick
Jason Vissers has been researching, analyzing, and writing about small business software and finance since 2015. His financial expertise has been cited in numerous publications, including The Ladders. Jason graduated with a Political Science degree from San Diego State University in 2001.
View Jason Vissers's professional experience on LinkedIn.
Latest posts by Jason Vissers (see all)
- Business Credit Card Trends For 2023 And Beyond - April 27, 2023
- The 5 Best Alternatives To Expensify: Which Of These Expensify Competitors Is Right For Your Business? - March 24, 2023
- BusinessLoans.com Review - January 19, 2023
- Best Businesses To Start In A Recession - December 22, 2022
- How To Get Lower Interest Rates On Credit Cards - November 21, 2022
