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Best No Foreign Transaction Fee Credit Cards No Annual Fee - YouTube
Channel: CreditFast
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- Today, I will be talking
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about the best no foreign
transaction fee credit cards.
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These credit cards
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will not charge you
foreign transaction fees
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when you're traveling
outside of the United States
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or when you could be
making online purchases
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with companies that are
not using U.S. based banks.
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This is a way of helping you save money,
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and today, I'll be talking
about different credit cards
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for every credit level.
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Different credit cards you can use
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to avoid foreign transaction fees.
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Some of these credit cards,
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I have reviewed in the past,
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and if I have,
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I'm going to put a link
in the description below,
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and if you want a more thorough review
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on that particular card,
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you could find it over there.
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And to make it even better,
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none of these credit cards
charge an annual fee.
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So the credit cards I'm
talking about today,
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I'll be talking about in
different credit levels,
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so this video is for everyone.
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Don't forget to like this video,
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share this video with a friend
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and subscribe if you'd like to see more.
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So the first credit card
we are going to talk about
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is one for bad credit,
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less than perfect credit, no credit,
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and that is the Capital
One Platinum secured card.
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Now, you're going to want to get this one
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because it is a secured card
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that charges no foreign transaction fee.
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You need to make a
minimum deposit of $200,
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and the approval on this,
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you can get denied but it
isn't that hard to get.
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So now we're going onto the
second card I'm recommending,
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and this one is for fair credit.
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I am mentioning two cards for fair credit,
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the first one is also a
Capital One credit card,
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the Capital One Platinum
card for fair credit.
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I'm recommending that one
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because it has no annual fee
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and it will of course not
charge foreign transaction fees
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because this is Capital One
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and you can get any
Capital One credit card
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and you'll never be charged
a foreign transaction fee.
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And this is something I did myself,
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I applied for the Capital
One Platinum card,
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and when I got it,
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I was able to product change that card
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to the Capital One Quicksilver card.
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So in a few months,
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I was able to make this credit card
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a no annual fee cashback credit card
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that earned me 1.5%
cashback on all purchases.
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And I still had fair credit at the time,
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so this is one way you can get rewards,
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have no annual fee
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and not be charged
foreign transaction fees.
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The second card for fair
credit that I am recommending,
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and I recommend this one a little less,
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and that is because it's a
little bit more difficult
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to get approved for,
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but there is no annual fee
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and you can earn cashback
rewards right away
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from day one of having this credit card.
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And that is the Petal Visa card.
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So give everyone ideas,
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in your opinion,
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what is the best no foreign
transaction fee credit card?
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Which credit card have you used
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when traveling outside the U.S.?
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Let us know in the comment section.
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Now, I'm going to be talking
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about the best no foreign
transaction fee credit cards
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for good credit.
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And the good thing about
these four credit cards
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that I'll be talking about
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is that you don't need an
extremely good credit score
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to get approved for these.
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Many of these,
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you can have good credit,
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close to fair,
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and still get approved for them.
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The first one I'm talking
about is the Amazon Visa card.
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The Amazon Visa card charges
no foreign transaction fees,
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and there's actually two Amazon Visas.
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The second one I'm going
to be talking about
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is the PayPal Cashback Mastercard,
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and that is a video I just
made last week and uploaded,
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I reviewed this credit card offer
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and I mentioned in that video
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that there was no foreign
transaction fees for this card.
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And that's a really good thing
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because you earn 2% cashback
on all your purchases.
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So not only will you not see
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a pesky 3% foreign transaction
fee on your statement,
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you're actually earning 2% cashback,
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and that's one of the highest
cashback rates you can get
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on all purchases.
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There are no categories with this card,
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you just earn a flat 2% cashback.
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Now, you might be saying,
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well, Citi Double Cash,
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I can earn 2% cashback there
and I'll just get that one.
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Well, the Citi Double Cash card
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charges foreign transaction fees,
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so for traveling,
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that's not a good option.
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When I was looking for credit cards,
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Citi credit cards that charge
no foreign transaction fees
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with no annual fees,
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I could only find two,
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and those were two different
Costco credit cards.
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And unless you are a very
serious Costco customer,
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you're probably not gonna find
value in this credit card.
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But it got me to thinking,
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are there no annual fee Citi cards
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that will not charge you
foreign transaction fees?
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And after I did some investigation,
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I found one that I
actually have that doesn't,
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and that is the Best Buy Visa card.
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That Citi card does not charge you
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a foreign transaction fee,
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so that is one of my tips today.
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Take a look at all the
credit cards you have,
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you may have other Citi
branded store cards like Costco
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in your wallet already,
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check to see if they charge
a foreign transaction fee.
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So I'm going to be talking
about a credit card
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I've never talked about on my channel,
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but it is a very good credit card.
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It is the
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Power Cash Rewards Signature
Visa card from PenFed.
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Now, this one also earns,
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for some people, 2% cashback.
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You'll either earn 2%
cashback or 1.5% cashback.
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This is a credit card
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that some people have
a misunderstanding for
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because they believe
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that they need to be a
member of the military
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or a retired member of the military
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in order to have this card.
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And it once was more difficult to get,
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but now many people who have
never been in the military
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have been able to get this card,
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so this is something
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you can easily check out on their website
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and find out if you would be
able to apply for this card.
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The first four credit cards I talked about
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as the best no foreign
transaction fee credit cards
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with no annual fees,
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you needed good credit to get,
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but your credit score
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didn't necessarily need to be that high
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in order to get an approval.
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The next two credit cards
I will be talking about,
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you will need to have
good to very good credit
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to get approved,
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and having excellent credit
will make it that much easier.
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And they are the Uber Visa card
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and the American Express
Propel card from Wells Fargo.
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These two cards are very
competitive with each other,
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their reward system structures
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are very close to being the same.
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It all depends on what's
going to work better for you,
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but these two credit cards
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offer a lot of different
reward categories,
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all with no annual fee and
no foreign transaction fees.
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So what credit cards
are you using oversees
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when you're traveling?
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Let us know in the comment section below.
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So I've just told you
about some of the best
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no foreign transaction fee credit cards,
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and these cards have no annual fee.
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If you'd like to learn more
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about the PayPal Cashback Mastercard,
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check out this video here.
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Don't forget to like this video,
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and if you want to see my upcoming videos,
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make sure you hit that subscribe button
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with that bell notification.
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Until next time.
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