Credit cards with no foreign transaction fees are a godsend for frequent travelers, as well as people who do their shopping online from international stores on the regular. As a matter of fact, being savvy in the way you spend your hard earned money is always a great idea.
In case you don't already know, credit cards that do not offer said perk usually charge an additional fee (around 3-5% of your purchase amount converted to US dollars) on each transaction made in foreign currency. This can easily and quickly add up, especially if you make purchases in foreign currency fairly regularly.
For instance, if you spend $10,000 in foreign currency on a long-awaited family vacation overseas, you can look forward to avoiding $300 in foreign transaction fees alone if your credit card comes with the $0 foreign transaction fees perk, compared to one that charges 3% of each transaction after conversion to US dollars. Just to put things into perspective, the $300 that you would have had to pay if you didn't enjoy the benefit, could definitely be put to better use, like paying for groceries or gas.
The good news is, there are so many different credit cards on the market that offer this amazing perk. The best thing is that some of them even come without annual fees! Nobody says you have to fork out hundreds of dollars just to enjoy the no foreign transaction fees benefit that comes with certain credit cards.
To give you a leg up, we have compiled the following list of credit cards for your easy reference. All of them have no annual fees, yet they let you avoid paying extra on foreign transaction fees.