Many cards offer extra value to their users by giving them bonus rewards during their first year of use. ![]() Some of the best features to look for in no foreign transaction fee cards include: Featuresīecause many travel credit cards have no foreign transaction fees, it’s best to look for other features to determine which card can give you the most value. This means that they may be worthwhile for anyone who travels overseas regularly, or who often makes online purchases from websites with transaction processing centers located outside the U.S. ![]() No foreign transaction fee cards let you spend in and out of the country without having to worry about getting charged an extra amount - about 3% - on every purchase. There are even card issuers, like Capital One and Discover, who waive these fees on all their cards.Ĭards with no foreign transaction fees may also come with other travel benefits, so it’s always worth taking a look at what else they can offer you before deciding which card to get. While this may turn people away from having an overseas vacation too often, or from shopping online at international websites, there are many cards with no foreign transaction fees. Fees vary depending on the card issuer, but a typical foreign transaction fee is a surcharge of 3% on top of the purchase price after any conversion to U.S. Sometimes called international fees, foreign transaction fees are charges that financial institutions apply to purchases processed overseas or using a foreign currency.
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