No foreign transaction fee rewards cards let you get the best of both worlds. You can obtain rewards and save money at the same time as you travel more. International travelers like you do not need a card that will charge you 2% or even 5% whenever you purchase something with your card overseas. Thankfully, there are a huge number of rewards cards that you can take anywhere with you. Here are the top cards that you can choose from:
Chase Sapphire PreferredSM Card
If you purchase with your card for the first three months of use, you can earn up to 500 dollars’ worth of travel rewards. All travel and dining-related purchases can earn you double points. Other purchases get you one point for every dollar you spend. If you redeem your points through Ultimate RewardsSM, you can get 20% more discounts on airfare, cruises, and car rentals. Aside from being foreign transaction fee-free, this also does not have an annual fee for one whole year.
Ink PlusSM Business Card
Bonus points are awarded to you the moment you make your first purchase. There is no specified amount required to obtain the bonus and you can get more if you spend big on your first three months of card ownership. The best thing about this is that the points you have earned will not expire. You can also earn more points if you use the card for purchasing office supplies. All your purchases with this card will not incur additional charges. You can also get cards for your employees for free.
Capital One® VentureSM Rewards Credit Card
You can get double points on everyday purchases with this card. Capital One® VentureSM Rewards has been dubbed by Money® Magazine as the “most rewarding card for those who want airline tickets for free” back in 2011. Bonus miles are up for grabs when you spend enough credits and you can redeem your miles anytime you wish. There are also no limitations on the total amount of miles that you can gather. They will not expire as well. You can fly on any airline and purchase anywhere the card is accepted without worrying about foreign transaction fees.
Hyatt Credit Card
This rewards card lets you get two free nights at any Hyatt property across the globe after making your first purchase. That’s not all; you can also get one night for free every year during the anniversary of your card opening. This gives you more protection than other cards as it has Smart Chip installed in it. You can travel to European countries where such security feature is required. Aside from having nonexistent foreign transaction fees, this also lets you earn elite status faster on Hyatt hotels.
PenFed VISA Platinum Gas/Cash Rewards Card
This card does not have foreign transaction fees and also come with one of the lowest APRs for rewards cards. This has no annual fee as well and you can get up to $50,000 credit limit. Cash rewards can be redeemed monthly and you can earn high points each time you fill up your tank. This card is straightforward – you can earn your cash rebates without additional requirements.
Rewards cards with no foreign transaction fee are a must if you frequently travel abroad. You can save more with these cards no matter where you go.