5 Best Credit Cards With No Foreign Transaction Fee in 2023

People with bad credit and even no credit score also travel! If you want a card with no annual fee and no foreign transaction fee that you can get with a weak credit score or even no score at all, the Discover It Secured card fits the bill.

As with any secured card, you’ll need to put down a deposit, which will become your credit limit. The minimum deposit is $200. If you want to use this card to build credit, you’ll want to keep your credit utilization rate low, which means using only a small portion of that balance. If you make all your payments on time for six months and have no negative entries on your credit report, Discover may refund your deposit and move you to unsecured status.

This card has modest rewards, and the variable 29.49% APR is on the high side, but those are standard features on secured cards. If you pay every balance in full by the due date, you won’t pay interest anyway!

If you want a card with no foreign transaction fee and your credit score won’t let you qualify for the more advanced options, this is one to consider.

This card has two main features: low fees (there’s no annual fee or foreign transaction fee) and a low minimum credit score. Capitol One says the card is available to people with fair credit, which typically means a score as low as 580. That doesn’t guarantee approval with that score, but you can get pre-approved with only a soft credit check that won’t affect your credit.

Beyond that, there’s not much that’s special about this card. There are no rewards or bonuses, but if you’re looking for an unsecured card with only fair credit, you shouldn’t expect rewards or bonuses!

Your initial credit limit will be low, which means you’ll need to keep your balance down to help you build credit. Capitol One will consider a limit increase after six months of on-time payments.

The Capital One Savor Rewards card is one of the best options for people who want a card with no foreign transaction fee and no annual fee. If you want a card with no foreign transaction fee and you’re not looking for a range of travel-related rewards, it’s a good bet.

The Savor Rewards card has no annual fee but offers a solid sign-up bonus and rewards rate, especially for travelers who are likely to spend a fair bit on dining and entertainment while they’re overseas. Cardholders also get access to exclusive dining reservations and events.

A good thing to note is that almost all Capital One credit cards have no foreign transaction fee, so if the SavorOne isn’t a good fit for you, consider the issuer’s other cards.

The Chase Sapphire Preferred Card is a premium travel card with plenty of perks to cover its moderate fee. You earn a bonus of 60,000 points, worth $750 in travel redemptions, when you sign up for the card, which easily covers the cost of the card.

Even after the first year, the card has solid benefits for travelers, including credit toward hotel bookings and access to Chase’s travel portal.

If you’re in the market for a premium travel card but don’t want to pay hundreds of dollars annually, this card fits the bill. If you travel often you’re willing to pay for more premium travel experiences, consider the Sapphire Reserve. If you don’t travel regularly, you probably won’t earn enough rewards to justify the annual fee.

The American Express Platinum Card is well-known for a reason. It’s one of the most premium travel credit cards out there, giving cardholders more than $1,000 in annual benefits to compensate for its significant $695 annual fee.

Where it shines is in making travel a luxury experience. You’ll get access to top-end lounges at airports around the world. You can also use the airline fee credit to purchase in-flight food and drinks or entertainment.

When you get where you’re going, you’ll benefit from automatic Marriott Gold Elite and Hilton Gold status, giving you perks at your hotel. You can also contact American Express’s concierge to help secure event tickets or reservations.

Though the price tag is high, if you travel constantly and are willing to pay for luxury, it’s hard to beat this card.