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Credit Cards

Best credit cards with no foreign transaction fees of June 2026

Foreign transaction fees can be more than 3%. We picked the top cards that don't charge them.

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Discover cards are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase. You can also check out our list of best credit cards for alternative options.

Traveling abroad can be expensive, but it's even worse when you have a credit card that charges you foreign transaction fees. These fees can be 3% or more of each purchase and add up quickly, especially when paying for big-ticket items like hotel rooms or rental cars.

The good news is, that there is no shortage of travel credit cards that don't charge foreign transaction fees and have wide acceptance overseas.

To help you find the best option, CNBC Select rounded up the top credit cards with no foreign transaction fees and broke them down into specific categories. (See our methodology for more information on how we choose the best cards with no foreign transaction fees.)

Best credit cards without foreign transaction fees

Best for travel rewards

CNBC Select Rating
5.0
Credit score

Good to Excellent670–850

Regular APR

19.49% - 28.49% variable

Annual fee

$95

Welcome bonus

Earn a one-time bonus of 75,000 miles

The Capital One Venture Rewards Credit Card has a reasonable annual fee and earns flexible travel rewards, which makes it a great travel card for beginners or heavy travelers.

  • Valuable welcome offer worth at least $750 in travel
  • You can transfer miles to over 15 Capital One partners, including Emirates Skywards, Choice Privileges and Singapore Airlines KrisFlyer
  • No foreign transaction fees
  • Lacks ongoing travel benefits such as statement credits or lounge access
  • Limited bonus spending category that only applies to certain Capital One Travel bookings

Highlights

Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.

  • Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $120 credit for Global Entry or TSA PreCheck®
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • Top rated mobile app

Balance transfer fee

$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you

Foreign transaction fee

None

Who's this for? Anyone who wants a card that's just as rewarding on the road as when you're home should consider the Capital One Venture Rewards Credit Card because it earns at least 2X miles on all purchases worldwide.

Is it worth it? The Capital One Venture card has several perks that make the $95 annual fee worth paying, including a Global Entry or TSA PreCheck application fee credit of up to $120 (every four years). The miles this card earns are also incredibly useful and highly versatile.

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Best for travel insurance

Chase Sapphire Preferred® Card

CNBC Select Rating
5.0

On Chase's site

CNBC Select Rating
5.0

On Chase's site

Spotlight

With Points Boost, your rewards will be worth up to 1.5x on thousands of top-booked hotels and flights from select airlines through Chase TravelSM.

Credit score

Good to Excellent670–850

Regular APR

19.24% - 27.49% variable

Annual fee

$95

Welcome bonus

Earn 75,000 bonus points

See rates and fees. Terms apply. Member FDIC.

Read our Chase Sapphire Preferred® Card review.

The Chase Sapphire Preferred® Card packs a punch for a $95 annual fee card, offering annual travel credits, comprehensive travel protections and more.

  • You can transfer rewards to all of Chase's travel partners including World of Hyatt, Southwest Rapid Rewards and many more
  • Long list of travel and shopping protections
  • $50 annual Chase Travel hotel credit
  • Has an annual fee
  • Requires a high credit score

Highlights

Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.

  • Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
  • Enjoy benefits such as 5x on travel purchased through Chase TravelSM, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases
  • Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase TravelSM
  • 10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
  • Member FDIC

Balance transfer fee

Either $5 or 5% of the amount of each transfer, whichever is greater

Who's this for? The Chase Sapphire Preferred® Card is a travel credit card loaded with under-the-radar perks. And it earns Chase Ultimate Rewards® points, which are some of the best travel rewards you can collect.

Is it worth it? The Chase Sapphire Preferred Card comes with a $50 Annual Chase Travel Hotel Credit, which already offsets more than half its $95 annual fee. It also provides primary rental car insurance, which is normally a pricey add-on, as well as other valuable perks like trip delay protection, trip cancellation and interruption insurance, baggage delay insurance and more.

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Best for cash back

Alliant Cashback Visa® Signature Credit Card

Information about the Alliant Cashback Visa® Signature Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the cards prior to publication.
  • Rewards

    2.5% cash back on your first $10,000 of qualifying eligible purchases per billing cycle for Tier One Rewards (1.5% for all other eligible purchases over $10,000 per billing cycle). Terms apply.

  • Welcome bonus

    None

  • Annual fee

    $0

  • Intro APR

    None

  • Balance transfer fee

    3%

  • Regular APR

    16.49% to 26.49% variable

  • Foreign transaction fee

    None

  • Credit needed

    N/A

Terms apply.

Pros

  • No annual fee
  • No foreign transaction fees
  • High flat-rate cash-back rewards

Cons

  • No welcome bonus
  • Must jump through several hoops to qualify for the highest cash-back rate

The Alliant Cashback Visa® Signature Credit Card is no longer available to new applicants.

Who's this for? The Alliant Cashback Visa® Signature Card is ideal for those who prefer to earn cash back and don't want to pay an annual fee.

Is it worth it? The appeal of the Alliant Cashback Visa Signature Card is simple. It earns a stellar 2.5% cash back on your first $10,000 of qualifying eligible purchases (1.5% for purchases over $10,000). And with no annual fee, you can keep this card long-term without worrying about your overall value being dinged.

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Best for dining

CNBC Select Rating
5.0

Spotlight

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening

Credit score

Good to Excellent670–850

Regular APR

18.49% - 28.49% variable APR

Annual fee

$0

Welcome bonus

Earn $200 in welcome bonuses

The Capital One Savor Cash Rewards Credit Card is one of the most rewarding options for earning cash back in categories such as entertainment and dining without paying an annual fee.

  • One of the most rewarding cash back cards for entertainment and streaming services
  • No annual fee
  • Easy-to-earn welcome bonus
  • High APR
  • Requires a good to excellent credit score

Highlights

Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.

  • Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening
  • $0 annual fee and no foreign transaction fees
  • Earn unlimited 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services, plus 1% on all other purchases
  • Earn 8% cash back on Capital One Entertainment purchases
  • Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 12 months; 18.74% - 28.74% variable APR after that; balance transfer fee applies
  • Top rated mobile app

Balance transfer fee

Introductory fee of 3% of the amount of each transferred balance that posts to your account during the first 12 months that your account is open. After that, 4% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you at any other time.

Who's this for? Foodies, sports fans, movie buffs and adventure seekers will all find a common reason to like the Capital One Savor Cash Rewards Credit Card: unlimited 3% cash back on dining, entertainment and streaming purchases.

Is it worth it? The Capital One Savor Cash Rewards Credit Card offers very competitive rewards rates for several popular spending categories. Not only does the card come with a $0 annual fee but it also offers money-saving benefits with Uber.

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Best for luxury travel

Chase Sapphire Reserve®

CNBC Select Rating
5.0

On Chase’s site

CNBC Select Rating
5.0

On Chase’s site

Spotlight

Get more than $3,000 in annual value with Sapphire Reserve.

Credit score

Excellent740–850

Regular APR

19.49% - 27.99% variable

Annual fee

$795

Welcome bonus

Earn 150,000 bonus points

See rates and fees. Terms apply. Member FDIC.

Read our Chase Sapphire Reserve® review.

The Chase Sapphire Reserve® is a standout premium credit card with plenty of luxury perks and statement credits to justify its annual fee.

  • Access over 1,300 airport lounges worldwide with a complimentary Priority PassTM Select membership, plus every Chase Sapphire Lounge® by The Club with two guests.
  • Up to $300 in annual travel credit each account anniversary year
  • You can transfer rewards to all of Chase's travel partners including World of Hyatt, Southwest Rapid Rewards and many more
  • Top-tier travel and shopping protections
  • High annual fee
  • Requires a high credit score

Highlights

Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.

  • Earn 150,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
  • Get $3,000 in annual value with Sapphire Reserve.
  • Earn 8x points on all purchases through Chase TravelSM, including The EditSM and 4x points on flights and hotels booked direct. Plus, earn 3x points on dining worldwide & 1x points on all other purchases
  • $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Access over 1,300 airport lounges worldwide with a complimentary Priority PassTM Select membership, plus every Chase Sapphire Lounge® by The Club with two guests. Plus, up to $120 towards Global Entry, NEXUS, or TSA PreCheck® every 4 years
  • Get up to $150 in statement credits every six months for a maximum of $300 annually for dining at restaurants that are part of Sapphire Reserve Exclusive Tables.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Lost Luggage Insurance, no foreign transaction fees, and more.
  • Get complimentary Apple TV+, the exclusive streaming home of Apple Originals. Plus Apple Music — all the music you love, across all your devices. Subscriptions run through 6/22/27 — a value of $288 annually
  • Member FDIC

Balance transfer fee

Either $5 or 5% of the amount of each transfer, whichever is greater

Who's this for? The Chase Sapphire Reserve® is designed for frequent travelers who want to maximize their earnings while enjoying luxury perks.

Is it worth it? The Chase Sapphire Reserve has a higher annual fee, but also offers elevated benefits to justify it, such as an annual travel credit of up to $300 for travel purchases charged to your card each account anniversary year, airport lounge access, top-tier travel and purchase protections and a fee credit of up to $120 for Global Entry, TSA PreCheck or NEXUS.

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Best for hotels

CNBC Select Rating
5.0

Spotlight

You can add up to four authorized users to your account no fee and they can each receive their own Priority Pass™ airport lounge membership (enrollment required).

Credit score

Excellent740–850

Regular APR

19.49% - 28.49% variable APR

Annual fee

$395

Welcome bonus

Earn 75,000 bonus miles

The Capital One Venture X Rewards Credit Card is a premium credit card with a myriad of benefits and a lower annual fee than other high-end cards with similar features.

  • Annual $300 credit for bookings through Capital One Travel
  • 10,000 bonus miles after every card anniversary
  • Unlimited complimentary access to 1,300+ airport lounges, including Capital One Lounge and Landing locations
  • Long list of valuable travel and shopping protections, including return protection, rental car coverage and trip delay reimbursement (Benefit(s) only available to accounts approved for the Visa Infinite card. Terms apply.)
  • Limited bonus spending categories compared to other premium credit cards
  • High annual fee
  • High credit score requirement (excellent credit)

Highlights

  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Enjoy access to 1,300+ lounges worldwide, including Capital One Lounge and Landing locations and participating Priority Pass™ lounges, after enrollment
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
  • Receive up to a $120 credit for Global Entry or TSA PreCheck®
  • Top rated mobile app

Balance transfer fee

$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you

Foreign transaction fees

$0

Who's this for? The Capital One Venture X Rewards Credit Card is great for those who want to earn a strong return on their hotel stays booked through Capital One Travel and potentially get elite-like benefits.

Is it worth it? The Capital One Venture X's $395 annual fee can be more than offset each year thanks to the card's $300 annual Capital One Travel credit and 10,000-mile anniversary bonus (worth at least $100 in travel). Cardholders also enjoy various travel protections, airport lounge access, flexible rewards and useful hotel benefits on stays booked through Capital One's Premier Collection and Lifestyle Collection.

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Best for no annual fee

Discover cards are currently not available on CNBC Select. Click "Learn More" to review other credit card offers.

Discover cards are currently not available on CNBC Select. Click "Learn More" to review other credit card offers.

Spotlight

Discover cards are currently not available on CNBC Select but you can check out our marketplace to compare offers from other issuers including American Express and Chase.

Credit score

N/A

Regular APR

See terms

Annual fee

See terms

Welcome bonus

See terms

*See rates and fees, terms apply.

Information about Discover cards has been collected independently by CNBC Select and has not been reviewed or provided by the issuer prior to publication.

Who's this for? The Discover it® Miles is perfect if you don't want to navigate bonus spending categories or complicated benefits.

Is it worth it? With an excellent rewards rate on all purchases and no annual fee to pay, you can continue benefiting from this card year after year. The miles you earn with this card are worth one cent each for travel or as cash back and the best part is, Discover will match every mile that you earn in the first 12 months. That means you've got a year where you're effectively earning 3X miles on every purchase.

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Best for small businesses

On Chase's site

CNBC Select Rating
5.0

On Chase's site

Credit score

Good to Excellent670–850

Regular APR

17.74% - 26.74% variable

Annual fee

$95

Welcome bonus

Earn 100,000 bonus points

The Ink Business Preferred® Credit Card is an excellent business card with useful benefits, valuable rewards and a generous welcome bonus.

  • Earns flexible travel rewards you can transfer to airline and hotel loyalty programs such as World of Hyatt, Southwest Rapid Rewards and many more
  • Valuable welcome bonus worth $1,125 in travel when redeemed through Chase Travel
  • Strong travel and shopping protections
  • No intro APR offer

Highlights

Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.

  • Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • Earn 5x total points on Lyft rides through 9/30/27.
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • Go further when you book with Chase TravelSM. Enjoy competitive rates, seamless booking and premium benefits.
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
  • Receive complimentary access to DashPass by DoorDash.
  • Member FDIC

Balance transfer fee

Either $5 or 5% of the amount of each transfer, whichever is greater

Who's this for? The Ink Business Preferred® Credit Card is geared toward small business owners who want to maximize their travel rewards. It earns a competitive 3X Chase Ultimate Rewards points on the first $150,00 in combined purchases each year (then 1X points) in a wide range of spending categories.

Is it worth it? The Ink Business Preferred offers many different travel and purchase protections that make its moderate annual fee worth paying. Eligible purchases are covered by cell phone protection, rental car insurance and trip delay reimbursement. Plus, the card earns transferrable Ultimate Rewards points, which are some of the easiest to use and most valuable travel points you can earn.

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More on our top credit cards without foreign transaction fees

Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is versatile yet straightforward. It's a top pick for credit cards without foreign transaction fees because it checks every box for what you need in a travel card and more.

Rewards

  • 5X miles per dollar on hotel and rental cars booked through Capital One Travel
  • 2X miles per dollar on every other purchase

Welcome bonus

Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

Annual fee

$95

Notable perks

Cardholders receive Hertz Five Star status and a credit of up to $120 to cover Global Entry or TSA PreCheck® membership every four years. Eligible purchases made with the card also qualify for Travel Assistance Services*, Purchase Assurance*, MasterRental Insurance*, Master RoadAssist®*, and Trip Cancellation/Interruption Coverage*.

The Capital One miles earned with this card can be used to offset eligible travel purchases at a rate of one cent per mile or transferred to various airline and hotel partners for potentially greater value. For example, you can transfer Capital One miles to Turkish Airlines Miles&Smiles at a 1:1 rate and book round-trip domestic award flights on United for only 15,000 miles.

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*Benefit available to accounts approved for the World Elite Mastercard product, subject to terms, conditions, and exclusions in the World Elite Mastercard Guide to Benefits. See Account Terms or Application Terms for more details. Terms, conditions and exclusions apply.

Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is ideal for maximizers and beginners alike. It earns valuable Chase Ultimate Rewards points and is loaded with travel and purchase protection benefits, all for a modest annual fee.

Rewards

  • 5X on travel purchased through Chase Travel℠
  • 5X points per dollar spent on Lyft purchases (Benefit valid through September 30, 2027)
  • 3X points per dollar spent on dining
  • 3X points per dollar spent on online grocery purchases (excluding Target, Walmart and wholesale clubs).
  • 3X points per dollar spent on select streaming services
  • 2X points per dollar spent on all other travel purchases
  • 1X points per dollar spent on all other purchases
  • 10% anniversary points boost
  • $50 Annual Chase Travel Hotel Credit

Welcome bonus

Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

Annual fee

$95

Notable perks

The Chase Sapphire Preferred Card offers cardholders up to $50 in annual credit for hotel bookings made through the Chase travel portal and a 10% anniversary bonus on the points they earn. Cardholders can also take advantage of many travel and shopping protections, such as purchase protection, extended warranty protection, primary rental car insurance, trip delay insurance, baggage delay insurance and more.

Chase also has several temporary benefits that can help card members save money, including complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.

The Chase points that you earn with this card can be redeemed for cash back, used to pay for travel through Chase Travel℠ or transferred to 14 airline and hotel partners like United, Southwest and Hyatt.

[ Return to card summary ]

Alliant Cashback Visa® Signature Credit Card

The value of the Alliant Cashback Visa® Signature Credit Card is easy to recognize and anyone who likes earning cash-back rewards would be hard-pressed to find a more rewarding cash-back card for everyday purchases.

Rewards

  • 2.5% cash back on your first $10,000 of qualifying eligible purchases
  • 1.5% cash back for purchases over $10,000

Welcome bonus

None

Annual fee

$0

Notable perks

As a Visa Signature card, this card offers purchase security, travel accident insurance, rental car collision coverage, extended warranty protection and identity theft protection.

[ Return to card summary ]

Capital One Savor Cash Rewards Credit Card

The Capital One Savor Cash Rewards Credit Card is a top choice for earning cash back on dining, entertainment and streaming purchases.

Rewards

  • 8% back on Capital One Entertainment purchases
  • 3% back on dining, entertainment, and on eligible streaming services
  • 3% back at grocery stores
  • 1% back on all other purchases
  • 10% back on Uber and Uber Eats purchases through Nov. 14, 2024

Welcome bonus

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

Annual fee

$0

Notable perks

In addition to having no foreign transaction fees, the Capital One Savor Cash Rewards Credit Card offers extended warranty coverage and travel accident insurance. Cardholders have access to exclusive events and experiences through Capital One Entertainment.

The subscription normally costs $9.99 per month and provides benefits like a $0 delivery fee on eligible Uber Eats orders, 10% off eligible Uber Eats orders and 5% off Uber rides.

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Chase Sapphire Reserve®

If you want a premium credit card that's packed with travel benefits, the Chase Sapphire Reserve® fits the bill. Its travel insurance perks can add peace of mind to any adventure and the card's airport lounge access allows you to relax in style while you're jet-setting across the globe.

Rewards

  • 8x points on all purchases through Chase TravelSM, including The EditSM
  • 4x points on flights and hotels booked direct
  • 3x points on dining worldwide
  • 1x points on all other purchases

Welcome bonus

Earn 150,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.

Annual fee

$795

Notable perks

Chase Sapphire Reserve card members get up to $300 in annual travel credits, which covers more than half of the card's annual fee. And its other benefits can add up to even more value, including an up to $120 Global Entry, TSA PreCheck or NEXUS fee credit (every four years).

When traveling, cardholders have access to the new Sapphire Lounges and can enroll to receive a complimentary Priority Pass airport lounge membership. Further, cardholders can benefit from top-tier purchase and travel coverages, including purchase protection, extended warranty protection, return protection, primary rental car collision coverage, trip delay protection, trip interruption/cancellation insurance, baggage delay protection, travel accident insurance, emergency medical and dental insurance and more.

Chase has also partnered with a number of companies to provide even more value to cardholders. Sapphire Reserve card members can can activate $300 annually in monthly DoorDash promos and complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.

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Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards Credit Card is a premium credit card that earns rewards you can use for just about any travel expense. Plus, it has a straightforward points-earning structure so you'll be able to maximize your returns with minimal effort.

Rewards

  • 10X miles per dollar on hotel and rental cars booked through Capital One Travel
  • 5X miles per dollar on flights booked through Capital One Travel
  • 2X miles per dollar on all other eligible purchases

Welcome bonus

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual fee

$395

Notable perks

Every year, Capital One Venture X cardholders get up to $300 back on bookings made through Capital One Travel and a 10,000-mile anniversary bonus (worth $100 in travel). There are also benefits to make your visit to the airport a bit less stressful, such as a credit to cover Global Entry or TSA PreCheck® membership.

You can also access a range of elite-like benefits at select hotels when you book through Capital One's Premier Collection. Benefits include a $100 experience credit, daily breakfast for two people, free Wi-Fi, early check-in/late check-out (when available) and upgrades (when available). There's also the Lifestyle Collection, which offers special perks at a broader range of hotels.

When you pay for your rental car with your Venture X card, you'll receive rental car collision coverage. And cardholders qualify for ***Hertz Presidents Circle status, which comes with benefits such as complimentary upgrades.

***Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.

[ Return to card summary ]

Discover it® Miles

Discover it® Miles is a no-frills no annual fee card with no foreign transaction fees that earns miles that can be redeemed for cash back.

Rewards

  • 1.5X miles per dollar on every purchase

Welcome bonus

Discover will match the miles you earn during the first year with no minimum spending requirement or limits on how much you can earn through the match.

Annual fee

$0

Notable perks

The Discover it® Miles has an introductory 0% APR offer for 15 months on purchases and balance transfers, then a 17.49% - 26.49% variable APR (3% intro balance transfer fee, 5% balance transfer fee on future transfers, see terms). This can be useful if you need extra time to pay off your trip abroad.

[ Return to card summary ]

Ink Business Preferred® Credit Card

The Ink Business Preferred® Credit Card is a top pick for small business owners due to its useful benefits, valuable rewards for business purchases and generous welcome bonus.

Rewards

  • 5X points per dollar on Lyft purchases through September 2027
  • 3X points per dollar on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines)
  • 1X point per dollar spent on all other purchases

Welcome bonus

Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. 

Annual fee

$95

Notable perks

Ink Business Preferred cardholders can add employee cards for free and also take advantage of various travel and purchase protections, including:

  • Purchase protection
  • Extended warranty protection
  • Cell phone protection
  • Primary rental car collision coverage
  • Trip delay protection
  • Trip interruption/cancellation
  • Baggage delay insurance
  • Lost luggage coverage
  • Travel accident insurance

Points can be redeemed toward travel through the Chase travel portal at a higher rate. Points can also be transferred to numerous hotel and airline partners, unlocking all sorts of redemption possibilities.

[ Return to card summary ]

FAQs

The fees a bank charges vary depending on what card you have. So regardless of what card issuer you're applying for a credit card with, it's important to review the fees that are assessed to that specific card, including possible foreign transaction fees. Discover is one of the few issuers that doesn't charge foreign transaction fees on any of its credit cards.

If you are charged a foreign transaction fee, you could call your card issuer and ask for a fee waiver. However, you might have limited success with this strategy, it's better to review your card's fees beforehand and to use a card that doesn't charge foreign transaction fees whenever possible.

Some American Express cards have foreign transaction fees, but many do not. There are no foreign transaction fees with cards like The Platinum Card® from American Express (see rates and fees), the American Express® Green Card (see rates and fees) and the American Express® Gold Card (see rates and fees).

Whether there is a foreign transaction fee varies depending on which Chase card you have. For example, the best Chase travel credit cards, like the Chase Sapphire Preferred Credit Card and the Chase Sapphire Reserve card, have no foreign transaction fees, while many of the no annual fee Chase cards do charge foreign transaction fees.

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every travel credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit cards. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best credit cards.

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Our methodology

To determine which cards will put the most money back in your pocket, CNBC Select evaluated the most popular rewards credit cards with no foreign transaction fees offered by major banks, financial companies and credit unions that allow anyone to join. We compared each card on a range of features, including travel rewards (points and miles), annual fee, welcome bonus, introductory and standard APR, one-time perks, annual perks, redemption rates, as well as factors such as required credit and customer reviews when available.

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* Information for this card not reviewed by or provided by Capital One

**For Capital One products listed on this page, some of the above benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

For rates and fees of the Discover it® Miles, click here.

For rates and fees of the American Express® Gold Card, click here.

For rates and fees of The Platinum Card® from American Express, click here.

For rates and fees of the American Express® Green Card, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.