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Rossen Reports: Best credit cards with no foreign transaction fees

Rossen Reports: Best credit cards with no foreign transaction fees
Hi. Yeah, I get *** lot of questions from you guys about credit cards. Our viewer, Bonnie has one. Sending me this video right here. Take it Bonnie. I'm hoping that you can help me find *** credit card with zero foreign transaction fees also if it has no annual fee. Thank you. Thank you Bonnie. And we can help. Let's talk about foreign transaction fees. First, they're charged by your card issuer for every transaction made in *** country outside of the US, usually around 2 to 3 percent. So let's say you're traveling abroad, booking hotels, buying food, that's 2 to 3% on top of it. And they can start adding up the best way to avoid those foreign transaction fees is to look for travel rewards, credit cards. It makes sense. Right. They're specifically designed for this. You're probably gonna use that card for trips anyway. So any good one should come with this perk the capital one venture one rewards card. For example, this one right here will let you earn miles and points on travel and there are no foreign transaction fees or annual membership fees. Either if you're loyal to *** specific brand and wanna earn status with them. See if that brand has *** rewards card and ask about those foreign transaction fees. Some examples with no annual membership fees or foreign transaction fees are the Hilton honors American Express card and this one right here, the Marriott Bon Voy Bold chase card beyond travel capital one and Discover. Yeah, they don't charge any foreign transaction fees on any of their US credit cards. Ultimately. How do you find the card? That's right for you. First. I want you to check your credit score to figure out what kind of card you can even qualify for and go from there. We also found this great and free tool from bankrate. It can help you pick your spending profile. You select *** range for your credit score, gonna recommend cards right for you. Ok. Exactly the way you want them to fit your life. I'm gonna share the easy links for you in my Rawson reports newsletter. Plus we got bonus content there, exclusive deals. And here's the best part you don't to go find it. Once you sign up, we're gonna send it straight to your inbox and it's free. Sign up right now. It takes about two seconds at Rawson reports.com. Back to you.
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Rossen Reports: Best credit cards with no foreign transaction fees
What are the best credit cards without foreign transaction fees?Our viewer Bonnie reached out to Rossen Reports with a specific request: "I'm hoping that you can help me find a credit card with zero foreign transaction fees. Also, if it has no annual fee. Thank you!"Understanding Foreign Transaction FeesForeign transaction fees are charges imposed by your card issuer for purchases made outside the U.S., typically around 2-3%. These fees can accumulate quickly when traveling abroad on expenses like hotels and dining.Recommendations to Avoid Foreign Transaction FeesThe most effective way to bypass these fees is by opting for travel rewards credit cards. These cards are often used for travel and typically offer perks like no foreign transaction fees. Here are some top picks we found that also have no annual membership fees:Capital One VentureOne Rewards Card: This card offers travel miles and points without any foreign transaction or annual membership fees.Hilton Honors American Express Card: Great for those loyal to the Hilton brand.Marriott Bonvoy Bold Chase Card: Ideal for Marriott enthusiasts, also with no foreign transaction or annual fees.Other optionsCapital One and Discover are noteworthy for not charging foreign transaction fees on any of their U.S. credit cards, extending the flexibility to a broader range of credit card options.How to choose the right cardCheck Your Credit Score: This is crucial as it determines your eligibility.Identify Your Needs: Determine what benefits and perks are most important to you.To aid in your decision, Bankrate offers a free Spender Type Tool. With this tool, you can input your spending profile and credit score range to receive personalized credit card recommendations.Have a question for Jeff Rossen? He's answering your consumer questions every Friday in the new segment "Rossen Responds." Email your questions to him at RossenResponds@hearst.com.

What are the best credit cards without foreign transaction fees?

Our viewer Bonnie reached out to Rossen Reports with a specific request: "I'm hoping that you can help me find a credit card with zero foreign transaction fees. Also, if it has no annual fee. Thank you!"

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Understanding Foreign Transaction Fees

Foreign transaction fees are charges imposed by your card issuer for purchases made outside the U.S., typically around 2-3%. These fees can accumulate quickly when traveling abroad on expenses like hotels and dining.

Recommendations to Avoid Foreign Transaction Fees

The most effective way to bypass these fees is by opting for travel rewards credit cards. These cards are often used for travel and typically offer perks like no foreign transaction fees. Here are some top picks we found that also have no annual membership fees:

  • Capital One VentureOne Rewards Card: This card offers travel miles and points without any foreign transaction or annual membership fees.
  • Hilton Honors American Express Card: Great for those loyal to the Hilton brand.
  • Marriott Bonvoy Bold Chase Card: Ideal for Marriott enthusiasts, also with no foreign transaction or annual fees.

Other options

Capital One and Discover are noteworthy for not charging foreign transaction fees on any of their U.S. credit cards, extending the flexibility to a broader range of credit card options.

How to choose the right card

  1. Check Your Credit Score: This is crucial as it determines your eligibility.
  2. Identify Your Needs: Determine what benefits and perks are most important to you.

To aid in your decision, Bankrate offers a free Spender Type Tool. With this tool, you can input your spending profile and credit score range to receive personalized credit card recommendations.

Have a question for Jeff Rossen? He's answering your consumer questions every Friday in the new segment "Rossen Responds." Email your questions to him at RossenResponds@hearst.com.