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.
International SOS, a medical and travel security services firm, recently released the results of its forecast of the top health and security risks for 2020 travel. The list is compiled by a group of experts in the fields of health, security and safety.
Experience a big-city hotel stay that doesn’t feel like your typical urban visit at Chicago’s Claridge House, nestled in the sought-after Gold Coast neighborhood. The hotel’s sophisticated décor and serene residential ambience foster the atmosphere of an oasis amid the hustle and bustle of a busy metropolis.
Family travelers still love vacations like Disney, but are broadening their horizons for more experiential, exotic or cultural destinations. Choose your favorite adventure and head to some of the top family travel destinations for 2020.
Oaxaca is, without a doubt, a city so impressive one must experience it firsthand to understand its splendor. It is an incomparable place that will leave you in awe of its cultural wealth, a place that invites you to experience the extraordinary. In this light, Posadas celebrates the opening of Grand Fiesta Americana Oaxaca, an irresistible option for enjoying this magnificent state in an exclusive and fascinating way.
Visiting distant locations is no longer enough for the modern traveler. Travelers no longer look to simply check famous landmarks off their bucket lists, they are looking for unique experiences, a way to immerse themselves in a culture. Traveling Spoon is leading the way by creating a unique experience that gives adventurers, especially avid foodies, a whole new perspective on a destination.