Frequently Asked Questions
What does no foreign transaction fees mean for credit cards?
When a credit card advertises "no foreign transaction fees," it means that the cardholder won't be charged an additional fee for making purchases in a foreign currency or from merchants located outside their home country. Foreign transaction fees typically range from 1% to 3% of the transaction amount and can add up, especially for frequent international travelers.
It's essential for cardholders to be aware that while the credit card itself may not charge foreign transaction fees, some merchants or banks abroad may impose their own fees for currency conversion.
Which credit cards have no foreign transaction fees?
Most often, travel credit cards offer no foreign transaction fees. That said, there are a few cash-back credit cards that also offer this perk.