Credit Cards That Eliminate Foreign Charges Abroad
No Foreign Transaction Fee Credit Cards: A Comprehensive Guide
In the ever-evolving world of credit cards, finding one that caters to your travel needs without charging foreign transaction fees can be a game-changer. Here are some options currently available, each with its own rewards structure and sign-up bonuses.
Chase Sapphire Preferred® Card - With an annual fee of $95, this card offers 5x points on travel purchased through Chase, 3x on dining, 2x on other travel, and 1x on all else. New cardholders can earn 75,000 bonus points after spending $4,000 in the first three months [1][2][4].
Capital One VentureOne Rewards Credit Card - This card, which has no annual fee, rewards users with 1.25 miles per $1 spent on all purchases. New cardholders can earn 20,000 miles after spending $500 in the first three months [1][3].
Bank of America® Travel Rewards credit card - This card also has no annual fee and offers 1.5 points per $1 on all purchases. New cardholders can earn 25,000 points ($250 travel/dining credit) after spending $1,000 within the first 90 days [5].
American Express® Platinum Card - With a high annual fee of $695, this card offers 5x points on flights booked directly with airlines or via Amex Travel, and 5x on prepaid hotels booked on Amex Travel. The sign-up bonus varies [3].
Discover it Cash Back - This card is unique in offering rotating categories and no fees, but it is more of a cashback card than purely travel rewards. It does not have a specific sign-up bonus, but it offers a cashback match at year-end [2].
Chase Sapphire Reserve® - With an annual fee of $550, this card offers 3x points on travel and dining, 1x on all else, and a sign-up bonus of 60,000 points after spending $4,000 in the first three months [2].
Capital One Venture Rewards Credit Card - This card, with an annual fee of $95, rewards users with 2 miles per $1 on all purchases. It is currently offering a one-time bonus of 75,000 miles after spending $4,000 on purchases within the first three months [2].
When selecting a card, consider your travel habits, preference for flat-rate vs. category bonuses, and willingness to pay annual fees for premium benefits. This summary reflects the offerings current as of late July 2025 according to multiple expert credit card reviews [1][2][3][4][5].
Note that some cards may have additional benefits such as travel credits or bonus offers. Always check the Schumer Box, which can be found on the credit card's website or printed statements, for a comprehensive overview of a card's fees, interest rates, and terms.
[1] - CreditCards.com [2] - NerdWallet [3] - The Points Guy [4] - Forbes Advisor [5] - Bankrate
In the realm of travel-focused credit cards, the American Express® Platinum Card, despite a high annual fee, offers accumulation of 5x points on flights and prepaid hotels, which could be beneficial for individuals with a luxury lifestyle in finance or business. Additionally, the Capital One Venture Rewards Credit Card, although requiring an annual fee, provides 2 miles per dollar spent on all purchases, making it a versatile option for those who incorporate travel and other expenses into their lifestyle.
