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credit cards - lowest foreign transaction fee

credit cards - lowest foreign transaction fee

Apr 13th, 2012, 08:54 AM
Original Poster
Join Date: Mar 2007
Posts: 75
credit cards - lowest foreign transaction fee

What credit has the lowest foreign transaction fee? I used to have 1% with Macy's Visa, but they switched it to American Express and all my Amex and Citibank mastercard are 3%. Delta has a Amex that is 2.7%, but i'm looking for a card with zero or 1%.

Thank you,

heasereb is offline  
Apr 13th, 2012, 08:56 AM
Join Date: Jun 2006
Posts: 6
capital one
mjkm514 is offline  
Apr 13th, 2012, 08:58 AM
Join Date: Jan 2003
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Capital One charges no foreign transaction fee.
fullprof is offline  
Apr 13th, 2012, 08:59 AM
Join Date: Apr 2012
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I, personally like to use Capital One credit specially for foreign travel. The card offers 0 foreign transaction fee.
Pro10S is offline  
Apr 13th, 2012, 09:15 AM
Join Date: Apr 2007
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Capital One~I got one specifically for foreign travel.
tenthumbs is offline  
Apr 13th, 2012, 09:16 AM
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My Credit Union charges 1% and gives me back 1%.
Michael is online now  
Apr 13th, 2012, 09:21 AM
Join Date: Jan 2003
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Capital One Visa -0 transaction fees. Do be sure to ask to have your charges put through on the card in the foreign currency. Often a hotel or restaurant will "convert" for you and then put through the charge in your home currency. That is never a good idea.....or rate. You want Visa to do the conversion for you - not the merchant.
TC is offline  
Apr 13th, 2012, 09:37 AM
Join Date: Mar 2003
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There are several credit cards that do no longer charge a foreign transaction fee including Amex Platinum and Barclay's Harvard Card (low interest and no yearly fee).

And now some airline cards are joining the group that no longer charge the foreign transaction fee.
Robert2533 is offline  
Apr 13th, 2012, 09:58 AM
Join Date: Sep 2005
Posts: 140
I just received my Chase Preferred Sapphire card the other day, no foreign transaction fees. They do have a yearly fee but they waive it the first year. The points are great - my sister just booked some flights within Europe and got a rental car, all with points. No specific airlines either. The signing bonus is 50,000 miles if you charge $3k on the card within 90 days. Easy to do and double points on travel, dining, etc.
stellamarina is offline  
Apr 17th, 2012, 02:06 PM
Join Date: Apr 2010
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Great info. Would it be advisable to get a Cap One credit card and debit card? In other words, does Cap One have low ATM fees also?
Maur2010 is offline  
Apr 18th, 2012, 06:07 PM
Join Date: Jan 2003
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I use both a Cap One Mastercard for credit, and a Cap One Debit card for ATM withdrawals. The Debit card does not cost me any % in foreign currency charges but it sometimes costs me $1.50 fee for 'out of network' ATM withdrawal. It doesn't get billed every time though, so I'm not going to question it!

I transfer my 'travel' money from my normal bank account to the Capital One checking account - this way, I am paying cash for my trip. I just bought plane tickets on March 31, and immediately paid the credit card charges with the 'travel funds'. Now I'm building the balance back up for the actual travel spending we'll incur.

I don't want to use the debit card tied to my normal bank account, both to limit risk and also to avoid any potential for 'messing up' my bill-pay, autodebits and so forth.
Travelnut is offline  
Apr 18th, 2012, 06:15 PM
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We had a Cap One card with no foreign transaction fees but are about to cancel it since we were very disappointed in how long it took them to provide replacement cards when DH's wallet was stolen in Rome. We have since applied for and received the Chase Sapphire that stellamarina mentions above.
iowamom is offline  
Apr 19th, 2012, 04:38 AM
Join Date: Jan 2003
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...but remember Chase sapphire comes in to versions. There's the free one that charges the near criminal 3% foreign transaction fee (note it's a foreign transaction fee not a foreign exchange fee the big difference being if you, for example fall victim to the dynamic currency conversion scam, not only do you pay the much higher exchange fee that comes with this scam but you get charged the 3% to boot. Also if you buy an airline ticket from a foreign airine, say Aer Lingus and use an American travel agency say like orbitz where the transaction never leaves the USA and where the transaction is done in USD, you get nicked for the 3%)....but the card without the fee is the Saphphire preferred which comes with an $85 annual fee (yes it is waived for the first year). Pick your poison.
xyz123 is offline  
Apr 19th, 2012, 06:58 AM
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I have the Hyatt card, which carries no foreign transaction fees. When combined with the value of Hyatt points + the two free night certificate + the Gold Passport Platinum membership is more valuable than the Cap One points.

The BA visa is another thought, especially as they are now running a 100k points offer (50k after first purchase, 25k after $10k, 25k after $20k in year one). The 100k points are especially intriguing with the new award chart that provides for some very interesting values for short-haul flights.
travelgourmet is online now  
Apr 19th, 2012, 07:00 AM
Join Date: Aug 2007
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FWIW, I also have no qualms about using my SPG Amex, even with the foreign transaction fees, at least in certain situations. The points are valuable enough to offset the fees.
travelgourmet is online now  
Apr 19th, 2012, 07:17 AM
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Interesting distinction between a transaction fee and a conversion fee. I hadn't understood that difference before.
Mimar is offline  
Aug 14th, 2012, 02:31 PM
Join Date: May 2003
Posts: 417
Capital One will no longer offer their no transaction fee policy as of August 16
Aleta is offline  
Aug 14th, 2012, 03:00 PM
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....that is on their debit cards and checking accounts. Their credit cards still do not have foreign transaction fees.

I'm xyz123 and I approved this message
xyz123 is offline  

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