Avoid Paying Annual Fees AND Foreign Transaction Fees With These 9 Cards!

Avoid Paying Annual Fees AND Foreign Transaction Fees With These 9 Cards!

Million Mile SecretsAvoid Paying Annual Fees AND Foreign Transaction Fees With These 9 Cards!Million Mile Secrets Team

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No annual fee credit cards are great because they cost nothing to keep in your wallet.  And they can help your credit score by increasing the average age of your open accounts.

Lots of no annual fee cards typically charge ~3% foreign transaction fees.  This can make paying for meals or purchasing souvenirs more expensive while traveling overseas.  But these are easy fees to avoid!

If you plan to travel abroad, you might consider a no annual fee card that also does NOT charge foreign transaction fees.  This can save you money!

Top No Annual Fee Cards With No Foreign Transaction Fees
The Capital One Quicksilver Cash Rewards Card Is Just One of the Many Choices You Have If You’re Looking for a Card With No Annual Fee AND No Foreign Transaction Fees!

Keep in mind, many cards with annual fees also have no foreign transaction fees.  And they usually have more valuable sign-up bonuses.  That’s why even thrifty folks like me keep annual fee cards in my wallet.

That said, I understand lots of folks want to avoid fees, especially if you’re new to miles & points.  So I’ve put together a list of the best cards with no annual fees or foreign transaction fees!

9 Cards with NO Annual Fees and NO Foreign Transaction Fees

Link:   Best Card Strategy for Beginners

Before applying for these cards, I recommend checking out this post with the best card strategy for beginners.  While the below cards are fantastic, they could impact your chances of getting more valuable cards in the future.

As a general rule, I recommend applying for Chase credit cards (like the Chase Sapphire Preferred) before you sign-up for cards from other banks.  That’s because Chase has some of the most top travel credit cards!  And their strict application rules mean you won’t be approved for many of them if you apply for other cards first

Emily and I don’t earn a commission for all of these cards, but we’ll always tell you about ways to potentially save money while traveling!

1.   Chase Amazon Prime Card

Link:   Chase Amazon Prime Rewards Visa

Link:   My Review of the Chase Amazon Prime Card

The Chase Amazon Prime Rewards comes with a $70 Amazon gift card upon approval (no minimum spending requirement!).  This might be a popular option for folks who shop on Amazon!

This card also comes with:

  • 5% back on all Amazon purchases if you have an Amazon Prime membership (otherwise 3% back)
  • 2% back at restaurants, gas stations, and drugstores
  • 1% back on all other purchases
  • Travel and purchase protection benefits
Top No Annual Fee Cards With No Foreign Transaction Fees
Earn 5% Cash Back on Amazon Purchases With the No Annual Fee Chase Amazon Prime Card, Which Also Has NO Foreign Transaction Fees!

This card is ideal for folks who don’t want to sign-up for valuable travel credit cards issued by Chase.  Or if you already have all the Chase cards you want.  And this card is NOT restricted by the Chase “5/24” rule.

2.   Capital One Quicksilver Cash Rewards

Link:   Capital One® Quicksilver® Cash Rewards Credit Card

The Capital One Quicksilver Cash card comes with a $150 sign-up bonus after spending $500 on purchases within the first 3 months of account opening.

And you’ll earn 1.5% cash back on all purchases.  So you’ll earn cash back while avoiding fees at the same time!

Top No Annual Fee Cards With No Foreign Transaction Fees
Dining in London Like Emily and Her Mom? You Can Use the No Annual Fee Capital One Quicksilver Cash Card to Earn 1.5% Cash Back and Pay NO Foreign Transaction Fees!

With this card, you also get perks like:

  • Travel accident insurance – Insurance for death or dismemberment at no extra charge when you purchase airfare using your card
  • Auto rental insurance – Secondary collision and theft insurance for you and all additional drivers on your agreement
  • Extended warranty – Additional warranty protection when you purchase items your card
  • Price protection – Get reimbursed the difference if the price drops on eligible items within 120 days of purchase

Million Mile Secrets team member Keith has this card and likes the occasional promotions, like saving 50% off a monthly Spotify subscription until April 2018.

Top No Annual Fee Cards With No Foreign Transaction Fees
Saving 50% Off Spotify Is a Neat Perk for Folks Who Like the Music Streaming Service!

3.   Capital One VentureOne

Link:   Capital One® VentureOne® Rewards Credit Card

The Capital One VentureOne comes with 20,000 Venture miles (worth $200 in travel) after spending $1,000 on purchases within the first 3 months.

You’ll also earn 1.25 Venture miles per $1 you spend on all purchases.

Venture miles are easy to redeem because you can use them to “erase” ANY travel purchase (not just airfare and hotels) with no minimum redemption amount.  Just pay for travel with your card and log-in to your account within 90 days to use your miles to offset the charge.

Top No Annual Fee Cards With No Foreign Transaction Fees
Use Venture Miles to Offset the Cost of a Hotel Stay at the Marina Bay Sands in Singapore! While There, Use Your CapitalOne VentureOne Card to Save on Foreign Transaction Fees!

Keep in mind, there’s also the Capital One Venture card.  This version of the card has a $95 annual fee (waived the first year).  But the sign-up bonus is worth $500 in travel.

The newest card in the Capital One lineup is the Savor Cash Rewards card.  Besides having no annual fee and not charging foreign transaction fees, it comes with a $150 sign-up bonus after spending $500 on purchases within the first 3 months of account opening.

Plus, you’ll earn:

  • 3% cash back on dining
  • 2% cash back on groceries
  • 1% cash back on all other purchases

Redeeming the cash back you earn with the Capital One Savor card is easy.  You can request a check or statement credit, any time, with no minimum redemption amount.

Top No Annual Fee Cards With No Foreign Transaction Fees
You Can Stock Up on Groceries While Traveling Abroad, Earn 2% Cash Back, and Pay No Foreign Transaction Fees With the Capital One Savor Card!

5.   Capital One Platinum Card 

Link:   Capital One® Platinum Credit Card

The Capital One® Platinum Credit Card is a great fit for folks new to the US, recent graduates, or if your credit score is ~650.

There’s no sign-up bonus or rewards for ongoing spending.  But having no annual fee expense and no foreign transaction fees are nice perks if you’re just getting with a credit card.

With this card, you can also establish a relationship with Capital One and potentially qualify to upgrade to the bank’s other cards, like the Capital One Quicksilver Cash Rewards card!

6.   Discover It and Discover It Miles

Link:   Discover It

Link:   Discover It Miles

With the Discover It card, you’ll earn $50 cash back when you sign-up and make a purchase within the first 3 months.  And you’ll earn  5% cash back on rotating categories each quarter when you activate the bonus.

The Discover it Miles card is similar to the Discover it card.  There’s no sign-up bonus, but with this card you’ll earn 1.5 miles per $1 (1.5% back) on all purchases.  So it’s a good option for folks who don’t like tracking details of rotating bonus categories.

As a new cardmember with either of these cards, all the cash back or miles you earn will be matched after your 12th billing cycle.

Top No Annual Fee Cards With No Foreign Transaction Fees
Discover Matches All the Cash Back or Miles You Earn After Your 12th Billing Cycle, Which Is a Terrific Perk!

Just keep in mind, Discover cards are not as widely accepted as other cards, especially outside the US.  In Europe, Mexico, and the Caribbean, you might have difficulty using the card!

7.   BankAmericard Travel Rewards Card

Link:   BankAmericard Travel Rewards

The BankAmericard Travel Rewards credit card has no annual fee or foreign transaction fees and earns 1.5 points per $1 on every purchase.

You can use the points for flights, hotels, or car rentals, but the minimum redemption amount if $25.  And you’ll get a 10% point bonus with an active Bank of America checking or savings account.

Top No Annual Fee Cards With No Foreign Transaction Fees
Earn Points With the BankAmericard Travel Rewards Card to Use for Car Rentals!

8.   Barclaycard JetBlue

Link:   Barclaycard JetBlue Card

Link:   My Review of the Barclaycard JetBlue Card

The Barclaycard JetBlue card has no annual fee and no foreign transaction fees.  Plus, it has chip-and-PIN technology which is handy when you’re traveling in Europe!

Top No Annual Fee Cards With No Foreign Transaction Fees
The Chip-and-PIN Technology With the Barclaycard JetBlue Card Can Come in Handy When Traveling to Destinations in Europe, Like Iceland!

When you sign-up for this card, you’ll get:

  • 15,000 JetBlue points after you spend $1,000 on purchases in the first 90 days of opening your account
  • 3 JetBlue points per $1 you spend on JetBlue purchases
  • 2 JetBlue points per $1 you spend at restaurants and grocery stores
  • 1 JetBlue point per $1 you spend everywhere else
  • 50% discount on eligible in-flight purchases like cocktails, food, and movies

JetBlue points are extremely useful because there are no blackout dates on award flights!

Bottom Line

Cards with no annual fee and no foreign transaction fees are a sweet deal for folks looking to save money while traveling abroad.

Most no annual fee cards add a 3% charge to the purchase price while shopping abroad.  But you’ll pay absolutely nothing extra with these no annual fee cards:

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Disclaimer: Neither the editorial content nor the comments on this site are provided by the companies whose products are featured. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser.

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