If you’ve ever swiped your credit card abroad and come home to see an extra foreign transaction fee on your statement, you know how frustrating it feels. That 2–3% fee might not seem like much at first—but for Americans who travel internationally, shop online from global retailers, or send their kids abroad for studies, those fees add up quickly.
Thankfully, there’s good news: you don’t have to keep paying them. Sites like Motley Fool (commonly known as "Fool") break down some of the best credit cards without foreign transaction fees—cards that let you travel, spend, and save like a pro.
Why Foreign Transaction Fees Hurt American Travelers
Foreign transaction fees typically run around 3% of every purchase made outside the U.S. That means a $1,000 vacation spend could cost you an extra $30—for nothing.
For frequent flyers, digital nomads, or even someone buying from Amazon UK or Canadian retailers, this hidden fee eats into your budget. As inflation and travel costs rise, more Americans are looking for ways to cut back unnecessary spending, making no-foreign-transaction-fee credit cards more popular than ever.
Best Credit Cards Without Foreign Transaction Fees on Fool
1. Chase Sapphire Preferred® Card
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Why Americans love it: Excellent travel rewards, flexible points system, and no foreign transaction fees.
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Perks: Earn points on dining, travel, and everyday purchases. Great for booking flights and hotels through Chase Travel.
2. Capital One Venture Rewards Credit Card
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Why it stands out: Straightforward rewards (2X miles on every purchase).
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U.S. Traveler Perk: Redeem miles for flights, hotels, or even vacation rentals without blackout dates.
3. Bank of America® Travel Rewards Credit Card
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Best for everyday Americans: No annual fee, unlimited 1.5 points per $1 spent, plus no foreign transaction fees.
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Perfect for: Students studying abroad or casual travelers.
Real-Life Example: An American Abroad
Meet Sarah, a teacher from Texas who loves exploring Europe during summer breaks. On her first trip, she used a regular credit card and was shocked to see nearly $120 in extra fees on her statement.
The next year, she signed up for a Capital One Venture card she found through Fool’s credit card comparison tool. Not only did she avoid foreign transaction fees, but she also used her miles to cover a free flight from Paris to Rome.
Her story is a perfect example of why picking the right credit card matters for Americans who travel.
FAQs – What U.S. Readers Are Asking
Q: Do all credit cards charge foreign transaction fees?
No. Many travel-focused credit cards waive them to attract frequent travelers.
Q: Is a no-foreign-transaction-fee card worth it if I only travel once a year?
Yes—hidden fees add up quickly. Even occasional travelers benefit.
Q: Can I use these cards for online purchases from international retailers?
Absolutely. They help you avoid extra charges when buying from non-U.S. websites.
Conclusion: Travel Smarter, Spend Wiser
For Americans, finding a credit card without foreign transaction fees isn’t just about saving a few dollars—it’s about getting the most out of every purchase, whether abroad or online.
If you’re planning a trip or simply want to avoid wasting money, check out Fool’s recommended cards and apply today. Your wallet—and your future vacations—will thank you.