#no annual fee credit card
Best no foreign transaction fee credit cards of 2015
For decades, globetrotters tolerated paying a percentage fee for the “convenience” of exchanging currency on the fly. Even after merchants around the world embraced credit cards, American tourists and professionals alike continued to let banks charge up to 5 percent on each transaction conducted outside the U.S. After all, if you had the cash to get yourself out of the country, you probably had some extra room in the budget for foreign transaction fees. Plus, they were almost always still cheaper than dealing with the high-cost street currency counter.
Credit card issuers have discovered over time that frequent overseas travelers typically spend far more with their accounts than cardholders who remain inside the United States. Eliminating foreign transaction fees means earning processing fees from merchants and annual fees from high-spending members. Whether you’re a frequent flier on a first name basis with airport lounge attendants or just a casual traveler looking to save a few bucks, you can take advantage of the best credit cards with no foreign transaction fee.
Capital One Venture Rewards Credit Card
Annual fee $0 intro for first year; $59 after that
Capital One does not charge foreign transaction fees across its entire credit card lineup. However, even casual travelers will love earning 2X miles per dollar spent on every purchase made on the Capital One Venture Rewards Credit Card. This card’s Purchase Eraser tool lets you pick out eligible travel expenses from recent statements, then eliminates them by issuing a statement credit.
Unlike most other travel rewards cards, earned miles show up on your statement within a few days, enabling you to quickly convert large purchases into rewards toward flights or hotel nights. A typical household’s monthly spending might earn more than enough rewards miles to offset this card’s moderate annual fee ($0 introductory fee for the first year and $59 after that).
Not interested in paying an annual fee? With Capital One VentureOne Rewards Credit Card. you can earn 1.25 miles per dollar on every purchase, every day, all while paying no foreign transaction fees and a $0 annual fee.