Top Credit Card Rewards with No Foreign Transaction Fees

Credit card rewards are enticing, but without the right information, you may be overlooking some great deals. If you’re planning a trip abroad, one of the most significant costs to consider is the foreign transaction fee. This fee usually ranges from 1-3% of your purchase, making it an expensive feature of your credit card. However, several credit cards offer exciting rewards and no foreign transaction fees that might save you lots of money and enhance your travel experience. This article discusses the best credit card rewards with no foreign transaction fees to help you select the most suitable option for your needs. Let’s dive in and discover some incredible credit cards worth considering before your next trip abroad.

The 10 Best Credit Card Rewards with No Foreign Transaction Fees

If you’re someone who travels frequently or shops online from foreign merchants, having a credit card that doesn’t charge a foreign transaction fee can save you a considerable amount of money. Besides these savings, credit cards that offer rewards for using them can earn you extra perks for your spending. Here are the 10 best credit card rewards with no foreign transaction fees that you should consider for your next trip or online purchase:

1. Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is a popular travel rewards credit card that offers valuable rewards and benefits for travelers. The card doesn’t charge foreign transaction fees and earns you 2X points on travel and dining worldwide, with 1 point per dollar spent on all other purchases. Additionally, users can transfer points to partner airlines or hotels for more travel redemption options.

2. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is also a travel rewards credit card that doesn’t charge foreign transaction fees. The card earns you 2 miles per dollar spent on every purchase, which can be redeemed for travel statement credits or transferred to partner airlines and hotels.

3. American Express Gold Card

The American Express Gold Card is considered a premium travel credit card that offers generous rewards and benefits. Like other cards on this list, it doesn’t charge foreign transaction fees and earns you 4X Membership Rewards points at U.S. supermarkets and restaurants worldwide, 3X points on flights booked directly with airlines or on amextravel.com, and 1X point for every other purchase.

4. Barclaycard Arrival Plus World Elite Mastercard

The Barclaycard Arrival Plus World Elite Mastercard is another travel rewards credit card that doesn’t charge foreign transaction fees. The card earns you 2X miles on all purchases, and the rewards can be redeemed for statement credits on travel expenses like flights, hotels, and car rentals.

5. Discover it Miles

The Discover it Miles card is unique in that it earns you 1.5X miles per dollar spent on all purchases, with no caps or categories to keep track of. The card doesn’t charge foreign transaction fees, and Discover will match all the miles you’ve earned at the end of your first year.

6. Bank of America Travel Rewards Credit Card

The Bank of America Travel Rewards Credit Card is a popular option for those looking for a no-annual-fee travel rewards credit card. The card doesn’t charge foreign transaction fees and earns you 1.5 points per dollar spent on every purchase, with no limitations on the type of purchase.

7. Wells Fargo Propel American Express Card

The Wells Fargo Propel American Express Card is a versatile credit card that offers rewards in many categories, including travel and dining. The card doesn’t charge foreign transaction fees and earns you 3X points on dining, gas stations, travel, and popular streaming services, plus 1X point for all other purchases.

8. U.S. Bank FlexPerks Gold American Express Card

The U.S. Bank FlexPerks Gold American Express Card is an excellent travel rewards credit card that offers valuable benefits and perks. The card doesn’t charge foreign transaction fees and earns you 3X points on charitable spending, 2X points on gas, grocery, or airline purchases (whichever is highest), and 1X point on all other purchases.

9. HSBC Premier World Elite Mastercard

The HSBC Premier World Elite Mastercard is a luxury travel credit card that offers exclusive benefits and rewards. The card doesn’t charge foreign transaction fees and earns you 3X points on travel, 2X points on dining, and 1X point for all other purchases.

10. Citi Prestige Card

The Citi Prestige Card is a premium travel credit card that offers valuable rewards and benefits for travelers. The card doesn’t charge foreign transaction fees and earns you 5X ThankYou points on air travel and restaurant purchases, 3X points on hotels and cruise lines, and 1X point on all other purchases.

In conclusion, having a credit card that doesn’t charge foreign transaction fees can help you save money while traveling or shopping abroad. Additionally, rewards credit cards can earn you extra perks and benefits for your spending. The above 10 credit cards are some of the best rewards credit cards with no foreign transaction fees that you should consider for your next trip or online purchase.

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Top 10 Credit Card Rewards Programs with No Foreign Transaction Fee

Travel and shopping are essential parts of modern-day living. Credit card rewards programs add a fun and exciting element. Redeeming rewards in different categories can be a cause for celebration. It can pay to be particular about the rewards program you choose, particularly if you travel outside of the country frequently. Below are the top ten credit card rewards programs with no foreign transaction fee to help you get the best out of your travels.

1. Chase Sapphire Preferred

The Chase Sapphire Preferred is an ultra-popular rewards credit card that has an attractive rewards program. The card offers a sign-up bonus of 100,000 points when cardholders spend $4,000 within 90 days of opening an account. Cardholders earn two points per dollar spent on travel and dining (including takeout and delivery) and one point per dollar spent on all other purchases. The card also gives additional rewards on travel booked through the Chase Ultimate Rewards portal. Points are worth 1.25 cents each when booking travel through Chase.

2. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card offers cardholders a one-time bonus of 60,000 Miles when cardholders spend $3,000 in the first 3 months. Cardholders get double miles on every purchase, and they can redeem miles for travel or transfer them to other travel partner rewards programs. There is no limit to the miles you can earn and miles don’t expire for the life of the account.

3. American Express Gold Card

The American Express Gold Card provides excellent rewards for dining out and purchasing groceries. Cardholders also receive a sign-up bonus of 60,000 Membership Rewards points when they spend $4,000 within six months of opening an account. Cardholders earn four points per dollar at restaurants.

4. Citi Premier Card

The Citi Premier Card provides a generous sign-up bonus of 80,000 ThankYou Points when cardholders spend $4,000 in the first three months of opening an account. Cardholders earn three points per dollar on air travel, hotels, supermarkets, and restaurants, and one point per dollar on all other purchases.

5. Hilton Honors American Express Surpass Card

The Hilton Honors American Express Surpass Card offers a sign-up bonus of 150,000 Hilton Honors points when cardholders spend $3,000 within the first three months of opening an account. Cardholders get 12 points per dollar spent directly with Hilton hotels and resorts, 6 points per dollar on purchases at U.S. restaurants, supermarkets, and gas stations, and three points per dollar spent on all other purchases.

6. Bank of America Premium Rewards Credit Card

The Bank of America Premium Rewards Credit Card offers cardholders 50,000 bonus points when you spend at least $3,000 on purchases in the first 90 days of account opening. Cardholders earn 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases.

7. Wells Fargo Propel American Express Card

The Wells Fargo Propel American Express Card is a rewards credit card that offers a generous sign-up bonus of 20,000 bonus points when cardholders spend $1,000 in purchases in the first 3 months of account opening. Cardholders earn 3 points per dollar spent on dining, travel, and eligible streaming services, and 1 point per dollar on other purchases.

8. Discover It Miles

The Discover It Miles rewards program gives cardholders a flat 1.5 miles per dollar spent on all purchases, with no limitations on the amount of miles that can be earned. Discover matches the miles earned for the first year of the account.

9. TD Cash Credit Card

The TD Cash Credit Card offers a $150 cash rewards bonus when cardholders spend $500 within the first 90 days of account opening. On top of that, cardholders earn 3% cash back on dining purchases, 2% cash back at grocery stores, and 1% cash back on all other purchases.

10. U.S. Bank Altitude Reserve Visa Infinite Card

The U.S. Bank Altitude Reserve Visa Infinite Card offers a sign-up bonus of 50,000 points when cardholders spend $4,500 in eligible purchases within the first 90 days of opening an account. Cardholders earn three points per dollar on travel and mobile wallet purchases (including Apple Pay and Google Pay), and one point per dollar on all other purchases.

In conclusion, these are the ten best credit card rewards programs with no foreign transaction fees. Before you apply for any rewards program, it’s essential to assess your expenses and goals to ensure you select the card that aligns with your spending habits.

Factors to Consider when Choosing the Best Credit Card Rewards with no Foreign Transaction Fee

Choosing the best credit card rewards with no foreign transaction fee can be tricky, especially when there are so many options available. To make the right choice, you need to consider several factors, including:

1. Rewards and Bonuses

Different credit cards offer varying rewards and bonuses, such as cashback, airline miles, hotel points, and rewards points. You need to evaluate each card’s rewards and bonuses to see if they suit your lifestyle and spending habits. For instance, if you love traveling, you may prefer a card that offers airline miles or hotel points.

2. Annual fees

Some credit cards come with an annual fee, which can significantly affect your rewards’ value. If you plan to make the most out of your rewards and bonuses, choose a card with an annual fee that you can comfortably afford.

3. APR and Interest Rates

While rewards programs are great, interest rates and APR can impact your credit score and increase your debt burden. Choose a credit card with low APR and interest rates, especially if you plan to carry a balance on your card.

4. Foreign Transaction Fees

One of the essential factors to consider when choosing a credit card is foreign transaction fees. Avoid credit cards that charge foreign transaction fees as they can significantly impact your expenses when traveling overseas.

5. Security Measures

Last but not least, consider the credit card’s security measures that you plan to use when traveling abroad. Choose a card with features such as EMV chip technology, zero-liability policy, and fraud protection to prevent unauthorized access and transactions.

Comparison Table for Best Credit Card Rewards with no Foreign Transaction Fee

Credit Card Name Rewards or Bonuses Annual Fees APR and Interest Rates Foreign Transaction Fees Security Measures
Chase Sapphire Preferred Card Travel Rewards $95 15.99%-22.99% No Foreign Transaction Fees EMV Chip Technology, Zero-Liability Policy
Capital One Venture Rewards Card Travel Rewards $95 17.24%-24.49% No Foreign Transaction Fees EMV Chip Technology, Fraud Protection, Zero-Liability Policy
Discover It Cash Back Card Cashback Rewards $0 11.99%-22.99% No Foreign Transaction Fees EMV Chip Technology, Zero-Liability Policy
Bank of America Premium Rewards Credit Card Travel Rewards $95 15.99%-22.99% No Foreign Transaction Fees EMV Chip Technology, Fraud Protection, Zero-Liability Policy
Wells Fargo Propel American Express Card Travel and Dining Rewards $0 14.49%-24.99% No Foreign Transaction Fees EMV Chip Technology, Fraud Protection, Zero-Liability Policy

In conclusion, the best credit card rewards with no foreign transaction fee vary based on your lifestyle, spending habits, and preferences. Consider factors such as rewards and bonuses, annual fees, APR and interest rates, foreign transaction fees, and security measures when making your choice. With this information and the comparison table, you are now equipped to make an informed decision on the best credit card rewards with no foreign transaction fee.

For a comprehensive list of the best credit card rewards with no foreign transaction fees, check out this Business Insider article.

10 Pros and Cons of Best Credit Card Rewards with No Foreign Transaction Fee

In this section, we will delve into ten pros and cons of the best credit card rewards with no foreign transaction fee. This information will help you make an informed decision on whether this type of credit card is the best option for you.

Pros:

1. No foreign transaction fees:

The most significant advantage of best credit card rewards with no foreign transaction fees is that you won’t have to pay additional fees when using your cards for transactions that take place outside of your home country. It saves you some money even if it may seem like a small amount.

2. High rewards rates:

Credit card companies offer rewards in the form of points, miles, or cashback. The best credit card rewards programs provide high rates of rewards on various purchases, making it easier for you to earn points or cash back.

3. Sign-up bonuses:

Many credit card companies offer sign-up bonuses to attract new customers. Some of these sign-up bonuses can be as much as thousands of dollars of rewards points, which you can redeem for cash-back rewards and other benefits that are valuable.

4. Travel perks:

Some of the best credit cards come with travel benefits, including travel insurance, access to airport lounges, and other travel-related perks. These benefits are great if you travel frequently or plan to travel soon.

5. Fraud protection:

Most credit card companies offer fraud protection, which means that you won’t be responsible for fraudulent charges on your account. This provides peace of mind and adds an extra layer of security to your finances.

Cons:

6. High Annual Fees:

The best credit card rewards programs often come with high annual fees. The fees can range from a few hundred dollars to thousands of dollars per year. This can add up if you have multiple credit cards in your wallet, and you may not be able to earn enough rewards to offset the cost.

7. High APR Rates:

Credit card companies charge interest on unpaid balances, which can add up quickly. Some of the best credit card rewards programs have higher APR rates than others, making it important to pay your balances in full each month to avoid accruing interest.

8. Credit Scores:

To qualify for the best credit card rewards programs, you’ll need to have a good or excellent credit score. If you don’t have a good credit score, you may not qualify for the best rewards programs.

9. Limited redemption options:

Some credit card companies only allow you to redeem your rewards for specific purchases, such as travel, dining, or shopping. If you prefer to have more flexibility in how you redeem your rewards, then the best credit card rewards programs may not be the right fit for you.

10. Foreign transaction fees for balance transfers:

Although best credit cards rewards come with no foreign transaction fee, the same rule doesn’t apply to balance transfers. If you intend to transfer your balance to a foreign card, you may be required to pay a foreign transaction fee that can add up quickly, rendering the no foreign transaction fee reward useless.

In conclusion, the best credit card rewards programs with no foreign transaction fees have several advantages and disadvantages. It’s essential to weigh the pros and cons to determine if the benefits outweigh the costs and if the rewards match your spending habits and financial goals.

Say goodbye to extra charges with the best credit card rewards no foreign transaction fee

Thank you for sticking with me until the end of this article! I hope that it has been both informative and useful in helping you make a more informed decision about the credit card rewards with no foreign transaction fees. In today’s globalized world, it’s important to opt for a credit card that doesn’t leave you with surprise charges and those we’ve listed above don’t. Keep an eye out for the best deals in the market and find the one that suits you best. Thanks again for reading and do visit us again later for more exciting tips and recommendations. Happy travels, you!

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