What is the Best Credit Card* to use Overseas?

Avoid international transaction fees and enjoy complimentary travel insurance with a credit card on your next holiday.

There is a wide range of credit cards that offer travel benefits, such as savings on fees and complimentary extras. Depending on the card you choose, you could save with no foreign transaction fees and no ATM withdrawal fees and enjoy perks such as credit card travel insurance, reward points or airline lounge passes. These cards aren't entirely cost-free, though. As the right credit card for you will depend on where you're travelling, your spending plans and your financial situation, you can use this guide to compare your options and find the right travel credit card option for you.

Latitude Financial Services Credit Card Offer

Latitude 28° Global Platinum Mastercard

$0 annual fee

Eligibility criteria, terms and conditions, fees and charges apply

Latitude Financial Services Credit Card Offer

Save with an ongoing $0 annual fee and no international transaction fees on purchases. Plus, complimentary flight delay passes and global wifi access.

  • Purchase interest rate of 21.99% p.a. | Cash advance rate of 21.99% p.a.
  • Up to 55 days days interest-free on purchases
  • 0% foreign currency conversion fees
  • Minimum credit limit of $6,000
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Compare credit cards with no foreign transaction fees

Updated December 8th, 2019
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee
0% of transaction value
$0
3% of transaction amount or $4 (whichever is greater)
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
0% of transaction value
$0
2% or $4, whichever is greater
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.

2.5% of transaction value
$2.50
$0 p.a.
Keep costs low with $0 annual fee and 100% foreign transaction fee rebates. Available when you hold or open an Orange Everyday account.

Compare up to 4 providers

Some of the best* cards for travel

How to compare credit cards for overseas travelcredit card inserted in passport

As a few Australian credit cards on the market are designed for overseas use, here are some of the features you should compare to find the right one for you.

International acceptance

In your hunt for a credit card to use overseas, one of the first features to consider is international acceptance. Credit cards with affiliation to Visa or Mastercard find acceptance in most countries around the world, at ATMs and EFTPOS terminals alike. Acceptance of Diners Club and American Express cards is not as widespread and their use could attract higher fees. Make sure the card that you're using isn't restricted by economic sanctions before you travel.

Credit card fees

To understand how much your card could cost you, consider the following fees when comparing which cards to use outside Australia:

  • Foreign transaction fees. When you make an international purchase using your card, your Australian dollars are converted to the local currency. When this happens, you're usually charged a fee between 2% and 3%. If you want to avoid this fee each time you make a transaction overseas, consider a credit card that doesn't charge a foreign currency conversion fee.
  • Annual fees. If you have a card that's designed for overseas use and it comes with extra features, it's likely that it could also come with a higher annual fee. Before you apply, make sure the value you get from the card outweighs the cost. Some cards also come with no annual fees for a promotional period or for the life of the card, so you should also factor this into your comparison.
  • ATM withdrawal fees. If you use your credit card to withdraw funds overseas, you might be charged a few different fees. Firstly, most credit cards charge a cash advance fee when you use your card for ATM withdrawals (whether you're in Australia or overseas). As well as the cash advance fee, you'll immediately attract the cash advance interest rate. Secondly, many banks charge an overseas ATM withdrawal fee when using your card for this withdrawals outside of Australia. Thirdly, the local ATM provider might also charge a withdrawal fee. If you want to avoid this last fee, consider using a credit card that belongs to an ATM alliance.

Complimentary insurance

If you're travelling overseas, you're going to have to organise international travel insurance. Using a credit card that offers complimentary insurance can help you save the time and money you'd otherwise spend on standalone cover. Depending on the card, the international travel insurance usually includes overseas medical insurance, transit accident insurance and travel delay insurance to name a few. The cover might also extend to your spouse or any dependent children travelling with you. As well as travel insurance, some credit cards offer purchase security insurance and extended warranty so you can shop with peace of mind. Complimentary insurance is often a feature of platinum credit cards, so make sure the feature is worth the cost of the card before applying.

Updated December 8th, 2019
Name Product Bonus Points Rewards Points per $ spent Complimentary Travel Insurance Annual fee Minimum Income
120,000 bonus points
Visa/MC
1
Yes
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
$35,000
Get 20,000 bonus Qantas Points per month for the first 6 months when you spend $1,500/month. Total of up to 120,000 bonus Qantas Points.
120,000 bonus points
Visa/MC
1
Yes
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect up to 120,000 bonus Qantas Points. Get 90k when you spend $3,000 on eligible purchases in the first 60 days and 30k after 12 months.
25,000 bonus points
Visa/MC
0.75
Yes
$29 p.a. annual fee for the first year ($49 p.a. thereafter)
$35,000
Get up to 25,000 bonus Qantas points, a discounted first year annual fee and complimentary insurance covers.
60,000 bonus points
Visa/MC
0.5
Yes
$200 p.a.
$30,000
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days of approval. Plus, complimentary insurances and a concierge service.
70,000 bonus points
Visa/MC
0.66
No
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
$35,000
Earn up to 70,000 bonus Velocity Points (60,000 in 3 months and 10,000 after first year). Plus, save with 0% p.a. for 18 months on balance transfers.
55,000 bonus points
Amex
1.25
Yes
$450 p.a.
$65,000
Get 55,000 bonus Qantas Points, a $450 Qantas Travel Credit and 2 yearly complimentary Qantas Club lounge invitations.
50,000 bonus points
Amex
1.25
Yes
$375 p.a.
$65,000
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
80,000 bonus points
Visa/MC
0.75
Yes
$300 p.a.
$75,000
Earn 80,000 bonus Velocity Points when you meet the spend requirement. Plus, complimentary seat upgrades and lounge passes.
75,000 bonus points
Amex
1
Visa/MC
0.5
Yes
$200 p.a. annual fee for the first year ($249 p.a. thereafter)
$50,000
Up to 75,000 bonus Qantas Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).
100,000 bonus points
Amex
1.25
Visa/MC
0.75
Yes
$399 p.a. annual fee for the first year ($499 p.a. thereafter)
$75,000
Up to 100,000 bonus Velocity Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
110,000 bonus points
Amex
2
Visa/MC
1
Yes
$150 p.a. annual fee for the first year ($199 p.a. thereafter)
$50,000
Collect up to 110,000 bonus Altitude Points when you meet T&Cs with Mastercard (issued by Westpac) & Amex (issued by Amex).
Yes
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
Yes
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
Visa/MC
1
Yes
$99 p.a.
Get $400 e-gift card when you spend $3,000 on eligible purchases within 90 days of card approval. Plus, complimentary travel insurance.
Visa/MC
1
Yes
$99 p.a.
Get a $400 e-gift card when you spend $3,000 on eligible purchases within 90 days of card approval. Plus, complimentary insurance covers.

Compare up to 4 providers

Frequent flyer rewards

Using frequent flyer credit card is an easy way to pick up reward points as you spend overseas. Depending on the card, you might be able to redeem these points for flights with a specific airline, accommodation with partner hotels, travel vouchers, cashback on your account or products from a rewards store. If your card is designed for overseas use, you could earn more points on foreign purchases. Compare frequent flyer credit cards with no foreign transaction fees to earn points without paying an extra cost overseas.

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What should I be aware of when using a credit card overseas?

  • Adding funds to your credit card. There are certain people who add funds to their credit cards accounts before they leave for overseas, and they then make use of these funds through their card in the form of a debit card. By doing this, you can avoid paying interest. What you should know is that card providers don’t take any responsibility for funds you add to your credit card account. So, if your card is lost or stolen and used for unauthorised transactions, you might lose out on valuable funds.
  • Consider other options. Using your credit card is not the only way you can spend money overseas. You can turn to traveller’s cheques and travel money cards, and you can even look forward to using a Mastercard or Visa debit card. In fact, it's wise to organise more than one travel money option before travelling to ensure you're not stranded without cash in case your card is lost or stolen.
  • Excessive debt. A credit card may tempt you to overspend while on holiday. It's important to remember that you have to repay everything you charge (plus interest in most cases), so make sure that you're spending with a budget in mind so that your balance doesn't get out of control.

What are the pros and cons of using a credit card overseas?

Pros

  • Global acceptance. If you're using a Mastercard or Visa credit card, you'll be able to use your credit card in millions of locations around the world. American Express and Diners Club cards are also accepted worldwide, though in fewer places than Visa or Mastercard.
  • Travel perks. Credit cards designed for overseas use often come with travel-related benefits such as frequent flyer rewards programs, complimentary insurance and airline lounge passes.
  • Security of credit. When you're travelling overseas, it's wise to have more than one way to access your cash. Even if you have a prepaid card or debit card organised for everyday spending, a credit card can be used as a backup and the security of credit could come in handy in an emergency.

Cons

  • Fees. Depending on the card, using your credit card overseas can come with many costs. Make sure you understand exactly what you'll pay when using your card for foreign transactions before you apply.
  • Limitations. Some cards come with limitations, including eligibility requirements, restrictions on how and where you can use the card.
  • Temptation to spend. While a line of credit can provide you with peace of mind, it might also tempt you to spend money that you don't really have. Remember that you'll have to pay back everything you charge (plus interest if you don't pay your balance in full).
As you’ve probably gathered by now, the ideal credit card you can use overseas is one that suits your requirements. Given the many options on offer, it’s ideal that you take some time to compare a few. For more tips, see our guide on how to use a credit card for your next holiday.
*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
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16 Responses

  1. Default Gravatar
    ValerieAugust 30, 2019

    Are there any credit cards that offer travel insurance for over 80?

    • Avatarfinder Customer Care
      JeniAugust 31, 2019Staff

      Hi Valerie,

      Thank you for getting in touch with Finder.

      There are some credit cards that offer complimentary travel insurance for travellers older than 80 years old like NAB which covers up to 90 years old while Virgin Money, HSBC and Citi did not include the traveller’s age limit so long that there’s no pre-existing medical condition. It is recommended that you contact your chosen provider on this matter for further clarification. Once you have decided which credit card to apply with, please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    JennyJuly 1, 2017

    What is Travelex card like?

    • Avatarfinder Customer Care
      RenchJuly 1, 2017Staff

      Hi Jenny,

      Thanks for your inquiry.

      Please visit this page to check further details for Travelex Money Card. Here is also a review for Travelex Foreign Currency and International Payments by going on this page.

      Hope this information helped.

      Cheers,
      Rench

  3. Default Gravatar
    BebeJuly 3, 2015

    If I have a 28 degrees Mastercard, does it mean when I withdraw cash from an overseas ATM that there will not be a withdrawal fee?
    Thanks for your help in clarifying my query.

    • Avatarfinder Customer Care
      JonathanJuly 6, 2015Staff

      Hi Bebe, thanks for your inquiry!

      The 28 Degrees MasterCard provides no international transaction fees on purchases, which only covers currency conversion rate charges. Overseas ATM withdrawals may still incur a charge, depending on the local ATM’s withdrawal policies and fees.

      Cheers,

      Jonathan

  4. Default Gravatar
    TonyDecember 29, 2014

    Hi,

    Is there any card that offers zero foreign transaction fee, and currency conversion fees? If not what card offers the lowest fees.

    Regards
    Tony

    • Avatarfinder Customer Care
      ElizabethDecember 29, 2014Staff

      Hi Tony,

      Thanks for your question.

      You can compare a range of cards that charge no foreign currency conversion fees or transaction fees on this page.

      I hope this will help.

      Thanks,

      Elizabeth

  5. Default Gravatar
    nNovember 28, 2014

    Hi,
    Can I obtain cash out at the point of purchase in the USA like we can here in Oz?

    • Avatarfinder Customer Care
      ElizabethNovember 28, 2014Staff

      Hi N,

      Thanks for your question.

      This is possible, but it’s up to the discretion of the retailer.

      I hope this has helped.

      Thanks,

      Elizabeth

  6. Default Gravatar
    PaulDecember 4, 2013

    I have been told that to avoid bank currency exchange rates that if you load your credit card up with extra money that there is no foreign exchange rate charge – is this true ?
    I have the NAB premium card.

    • Default Gravatar
      EmmaSeptember 1, 2014

      Hello,

      I would like to avoid taking a credit card and have the Qantas traveller card but am a little confused with conversion – I am going to Brazil and the card does not hold the Brazilian Real, but if I load it up with Australian or American money, can I still use it at an ATM in Brazil ie: will the machine convert my money and give out Brazilian Real? Thank-you.

    • Avatarfinder Customer Care
      ShirleySeptember 1, 2014Staff

      Hi Emma,

      Thanks for your question.

      Yes you can still use an ATM in Brazil, just make sure it displays the same symbol on your card (Mastercard/Visa/Amex etc). Usually the ATM gives out the local currency as well.

      Please note a currency conversion fee could apply, because you don’t have the preloaded currency read in your card.

      Cheers,
      Shirley

    • Avatarfinder Customer Care
      JacobDecember 4, 2013Staff

      Hi Paul.

      This is not correct. You will be charged a currency conversion fee regardless of whether your account is in a positive balance. You can compare travel money options on this page. These cards do not charge a currency conversion fee when you carry out a transaction in a currency other than Australian dollars.

      Thanks for your question.

  7. Default Gravatar
    renottaApril 26, 2013

    i want know how can i get cash from my international credit card.

    • Avatarfinder Customer Care
      JacobApril 26, 2013Staff

      Hi Renotta. Thanks for your question. There are a couple of ways you can access cash from a credit card when you use it overseas – either you can withdraw it from an ATM, or you can use your card to make a purchase over the counter. Fees and charges will vary depending on how you use you card. If you’re using your card to withdraw from an overseas ATM, you will incur: cash advance interest rate, cash advance fee, international ATM fee, local ATM fee and cross currency conversion fee – these charges vary depending on the card and the ATM you use. Making a purchase over the counter is cheaper overseas and you just get charged the cross currency conversion fee and the purchase rate of interest – excluding any interest free days. There are cards that do not charge some of the fees listed above, you can check the fees in ‘fees table’ at the bottom of each card’s review and application page, and you can compare travel money options here. Let me know if you have any questions about travel money. Bon Voyage! Jacob.

Credit Cards Comparison

Updated December 8th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 20,000 bonus Qantas Points per month for the first 6 months when you spend $1,500/month. Total of up to 120,000 bonus Qantas Points.
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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