Best No Foreign Transaction Fee Credit Cards of January 2025

You'll earn 8% cash back on Capital One Entertainment purchases and 3% back on dining, grocery stores, eligible streaming services and entertainment. All other purchases earn 1% back. There's also a generous sign-up bonus, not to mention an intro APR offer. That's a lot of value packed into a card with a $0 annual fee.

If your spending is more concentrated in one food category over the other — dining out or cooking at home — you might do better with a card that specializes in one of those areas.

This card gives you many of the perks of a travel card without the price tag: It has an annual fee of $0. You get 1.5 points per $1 spent on anything, and you can redeem points at a value of 1 cent apiece for credit against any travel purchase. This card also happens to have one of the broadest definitions of “travel” in the industry — not just flights, hotels and other routine expenses, but also the cost of visiting an amusement park, an aquarium or a fortuneteller. If you maintain high balances in affiliated accounts, you can earn 25% to 75% more through the Preferred Rewards program. Plus, there's a sign-up bonus: 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases..

If you don’t have a Bank of America® account, you can earn a higher rewards rate with other cards — and if you spend enough, could come out ahead even after paying an annual fee.

What really sets this card apart is its big sign-up bonus and rewards transfer options. The bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. When using the card, you’ll earn 5 points per $1 spent on all travel booked through Chase; 3 points per $1 spent on dining (including eligible delivery services and takeout), select streaming services, and online grocery purchases (not including Target, Walmart and wholesale clubs); 2 points per $1 spent on travel not booked through Chase; and 1 point per $1 spent on other purchases. Points are generally worth 1 cent, but they’re worth 25% more when used to book travel through Chase. They can also be transferred at 1:1 rate to several airline and hotel loyalty programs.

A big chunk of this card’s value rests in its sign-up bonus; other travel cards have better long-term rewards. Also, this card doesn’t offer the perks — free checked bags, priority boarding — of airline-specific cards.

The card earns unlimited 3 points per dollar spent on travel, dining, gas stations, transit, popular streaming services and phone plans. Other spending earns 1 point per dollar. The bonus offer is outstanding for a $0-annual-fee card, and you even get a introductory APR period.

The card doesn't have the perks of a dedicated airline or hotel card. You can transfer points to airline and hotel programs, but the options are limited.

This card earns 5 miles per dollar on hotels and car rentals booked through Capital One Travel and an unlimited 2 miles per dollar spent on all other purchases. Miles can be redeemed for statement credit against travel expenses at a rate of 1 cent apiece. Just book travel however you want, then use miles to pay for it. Plus, when you redeem miles, you get 5% of those miles back as a bonus. There's a fantastic sign-up offer: Enjoy 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.

You won't get the perks that often come with branded travel cards, like free checked bags and priority boarding with an airline card or a free night's stay each year with a hotel card.

The best cash back cards make rewards easy to earn and easy to redeem, and this card does that better than most. You earn a flat 1.5% cash back on every purchase, and there’s no minimum redemption amount. That’s music to a frugal traveler’s ears. The annual fee is $0. This card also comes a solid bonus offer: Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. Among cash back cards with no foreign transaction fees, it offers the best rewards and benefits and is widely accepted overseas.

Unlike many travel rewards cards, which let you stretch your value by redeeming points or miles selectively, this card won't give you more than 1.5 cents back per dollar spent.

The card earns 1.5% cash back on all purchases, and the annual fee is $0.

The ongoing APR is 19.49%-29.49% Variable APR, so carrying a balance on it could get expensive in a hurry.

This card pays 1.5% cash back on all purchases — the same as on the regular Capital One Quicksilver Cash Rewards Credit Card for excellent credit. That makes it one of the most valuable cards available for those with average credit. Plus, you can redeem cash back in any amount.

There's an annual fee of $39. To earn enough rewards to make up for the fee, you’d have to spend $2,600 a year. For some, that’s a tall order. The card also lacks a sign-up bonus. The ongoing APR is 29.99% Variable APR, so it’s not a good pick for carrying a balance.

The Ink Business Preferred® Credit Card delivers outstanding value from the get-go with a big sign-up bonus: Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. You earn 3 points per dollar spent on travel, telecommunications, shipping and advertising on social media and search engines, on up to $150,000 in combined spending each year. All other spending earns 1 point per dollar. Points are worth 1.25 cents apiece when used to book travel through Chase; they can also be transferred on a 1:1 basis to travel partners such as United, Southwest, Marriott and Hyatt.

As with most credit cards with generous rewards, the Ink Business Preferred® Credit Card has an annual fee: $95. There’s a limit to how much spending earns 3 points per dollar; it’s a high limit, but it’s still a limit.