While there’s nothing wrong with paying a reasonable fee for a valuable service, several credit cards require foreign transaction fees that are simply unnecessary. Foreign transaction fees are as high as 3 percent with most banks and are added to any charge processed outside of the United States. You can get hit with the charges even when making a purchase in U.S. dollars.
Fortunately, an increasing number of credit cards are aware of the fee, and banks have responded by dropping the charge on more of their cards. Here are a few of the top cards with no foreign transaction fees.
Chase Sapphire Reserve Card, introduced last year, offers three times the award points on travel spending, including airfare, hotels, car rentals and several other expenses.
The Citi ThankYou Premier Card is a mid-range travel rewards card without foreign transaction fees geared toward international travel. It features three times the number of points for all travel including hotels and entertainment, double points at restaurants and one point per dollar spent elsewhere.
The Starwood Preferred Guest Credit Card from American Express dropped its 2.7 percent foreign transaction fee and added new benefits including Boingo WiFi and complimentary premium in-room internet access.
Platinum Card from American Express features no foreign transaction fees, and American Express also recently added a bonus category that makes it ideal for international airfare purchases. You can get five times the membership rewards points for all tickets purchased directly from the airline. Benefits include a $200 annual airline fee credit, a $100 Global Entry fee credit and access to Delta Sky Clubs, Amex Centurion and Priority Pass Select Lounges.
My personal favorite is the Capital One Venture Card. Capital One doesn’t charge foreign transaction fees on any of its cards. The Venture card offers new applicants 40,000 bonus miles, worth $400, after spending $3,000 within three months of account opening.
South Philadelphia is one of the city’s oldest neighborhoods — with attitude to boot. The foodie, Italian neighborhood continues to rise through the ranks as one of the city’s longest-lasting, cuisine-centric locales, but with a lot of new blood moving in.
Once business concludes, a world of wonder awaits in many of Italy’s incredible cities.
While it’s unlikely you’d go all the way to Lisbon, Portugal, for just one dish, there’s certainly one bite you must have while you’re there: the egg tart. Pastel de nata (cream pastry) is a national obsession that has become a bucket-list bite for nearly every traveler to the country’s seaside capital. Fortunately for tourists, the city’s most iconic landmark, Belém Tower, is located just across the street and down the shoreline from the city’s undisputed powerhouse of pastel, Pastéis de Bélem. Unfortunately for visitors, the line leading to Pastéis de Bélem’s bakery counter may be the longest line found anywhere in the city, as salivating hordes wait their turn to taste the original, secret recipe invented by the monks of the nearby Jerónimos Monastery in Santa Maria de Bélem, itself an architecture masterpiece that places it at the top of any Lisbon must-list.
Bleisure — it’s a term we’re all familiar with these days. After all, millennials drive the rising trend, combining business and leisure trips regularly. Take a few days to decompress in a new destination after a hectic schedule of meetings and business.
According to a recent study from financial services company Allianz Global Assistance, more than a third of Americans haven’t taken a vacation in two years. For this study, a vacation is considered a leisure trip of at least a week to a destination more than 100 miles away.