Foreign transaction fees typically range from 1-3% of every purchase made abroad. Over a trip, this adds up significantly.
What Are Foreign Transaction Fees?
When you use a card issued in one currency to pay in another, many banks charge a fee. Some premium cards waive this entirely.
Best No-FX-Fee Cards
United States - Chase Sapphire Preferred/Reserve - Capital One Venture X - Amex Gold/Platinum
United Kingdom - Wise - Revolut - Starling Bank
Global - Wise Multi-Currency - Revolut - N26
Tips for International Travelers
- •Always pay in local currency (decline Dynamic Currency Conversion)
- •Carry cards from 2 different networks (Visa + Mastercard)
- •Notify your bank before traveling
- •Keep a backup card in a separate location