Are you someone who often buys things online in a different currency, or someone who travels outside the US frequently? If so, are you aware that when you purchase something with your U.S. credit card, most credit card companies charge you an extra fee for paying in a different currency?
That extra fee is the foreign transaction fee which you must pay each time you make a purchase with your card in another country or in another currency. This fee is usually 3-5% of your purchase price, so if you buy something expensive, that fee can be a waste of money. If you are a frequent traveler, this type of fee is something you should try to avoid. One way to do so is to look for a no-foreign-transaction-fee credit card.
Here are some of our best rated credit cards in 2016 with no foreign transaction fees:
Click here to read our Capital One® Venture® Rewards Credit Card review.
Click here to read our review of Chase Sapphire Preferred® Card.
Read our review of Discover it® Miles here.
Read our review of Barclaycard Arrival™ World MasterCard® here.
Click here to read our Discover it® Cashback Match™ review.
updated Aug 24, 2016
Katrina Gutierrez is a writer at GET.com, a lifestyle and personal finance website. Email: firstname.lastname@example.org.
At GET.com it's all about your saving and getting experience. There's nothing more helpful for all of us Getters than a true life experience, a tip or a trick relating to a reviewed product. Read more about comments.
Sign up to get our newsletter with money saving tips, deals and coupons - no spam.
discounts & deals from all banks in one app?
At GET.com we compare credit cards and rate them objectively based on the credit card's features, interest rates and fees.
Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.