0% Foreign Fees Credit Cards
Compare credit cards with 0% foreign fees and save money when you shop overseas.
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How do credit cards with no foreign fees work?
When you travel or shop online with a retailer that's based overseas, many cards will charge a foreign transaction fee worth around 2–3% of your purchase. But credit cards with 0% foreign fees waive this cost or rebate it to your account, helping you save on charges when you make overseas purchases.
How much can I save with a 0% foreign fee card?
The potential savings you can get on a credit card with no foreign transaction fees depends on how much you spend overseas and the fees you'd pay on a different credit card. For example, if you spent $5,000 on a credit card with a foreign transaction fee of 3%, you would pay $150 more than you would if you use a card with a 0% foreign transaction fee.
How to compare 0% foreign fee credit cards
A bunch of credit cards offer 0% foreign transaction fees, so what else should you compare when considering a credit card to use overseas?
- Annual fees. Weighing the cost of any annual fee against the potential savings you could get from paying 0% foreign transaction fees will help you find a card that's affordable for you.
- Overseas ATM withdrawal fees. Getting cash out of an ATM overseas can also attract a fee worth at least $3 or between 2-4% of the total transaction. Choosing a card that offers $0 international ATM withdrawals can allow you to avoid this charge.
- Cash advance fees. Even if you get a credit card that offers $0 ATM fees, using it to withdraw cash can attract a cash advance fee that's typically worth between 2-4% of the transaction. You'll also be charged interest at the cash advance interest rate, which is higher than the purchase rate on most credit cards. So if you need to get cash when you're overseas, you might want to consider using a debit card or prepaid travel card instead.
- Purchase rate. Unless you pay your credit card balance off in full by the due date on each statement, your overseas spending will attract interest at the card's standard rate. In some cases, this could reduce the value you get from having no foreign transaction fees, so make sure you consider this when you're comparing different cards.
- Other travel benefits. Some cards offer additional perks, such as complimentary travel insurance, airport lounge access or frequent flyer points for your spending. Make sure you check what requirements you need to meet to use these perks, otherwise they won't add to the value of the card.
What else do I need to think about?
When you're travelling or shopping online with an international retailer, keeping the following factors in mind can help you get the most out of your 0% foreign transaction fee credit card.
- Currency conversion. When you use an Australian credit card to make a transaction in another currency, it will be converted back to Australian dollars based on the exchange rate that's applicable for your credit card. For example, if you spent US$100 and the applicable exchange rate was US$0.72 to AUD$1, this transaction would show up on your credit card account as AUD$138.80.
- Local currency vs. Australian dollar payments. Sometimes when you're travelling, a business will give you the option of paying in the local currency or in Australian dollars. If you choose to pay in Australian dollars, the transaction will be processed using Dynamic Currency Conversion, which usually costs you a lot more than paying in the local currency.
- Other travel money options. It's often useful to have a couple of different ways to spend money when you're travelling. As well as a credit card, you may want to buy foreign currency before you go or take a debit card in case you end up needing cash when you're away. Another option is to get a prepaid travel card that lets you spend money in different currencies, which would give you another way to avoid foreign transaction fees.
Compare more travel money options
If you're a frequent traveller or regularly shop online with international retailers, a credit card that has 0% foreign transaction fees could help you keep your costs to a minimum. Just remember to compare a range of options and look at the other features available so that you can find a credit card that really suits your needs.
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Credit Cards Comparison
Updated April 2nd, 2020
* 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.
I am looking for a business credit card with 0% international transaction fees.
Hi Alex,
Thanks for getting in touch!
As of this writing, we don’t have a list of business credit cards with 0% foreign transaction fees. If you are still looking for business credit cards, you’ll find a list of those on this page. On the page you’ll also read information about:
– Who is responsible for the credit card? Personal vs business credit card liability
– How to compare business credit cards
– Pros and cons of business credit cards
– How to apply for a business credit card
As a friendly reminder, read the eligibility criteria, features, and details of the card, as well as the Product Disclosure Statement and Terms and Conditions before committing to the product.
Hope this helps!
Best,
Nikki
I have signed a contract for an item in the U.S.A, but live in Australia. I have a 6 month 0% interest offer, but want to work out what the best way is to pay the money in US dollars, while not getting ripped off on exchange fees etc. Would it be best to pay on a credit card, or perhaps Qantas travel card (but I found the exchange rates poor on this)? Any advice would be appreciated. Thanks in advance.
Hi Barry,
Thank you for reaching out.
If you prefer to pay using a credit card, you need to check with your credit card provider their exchange rates and other fees for paying an item in USD currency. You are right, you can choose to pay using a multi currency travel card. It can help you work out on foreign or international rates and fees.
After checking the rates and charges when using a credit card payment, try to compare if the low conversion rate of travel cards can compensate the fees versus the credit card fees. This may help you decide which of the two options you would go with.
Hope this helps.
Kind Regards,
Mai
I withdrew money from an ATM in the Philippines and the machine said temporary closed, and no money came out. ii wrote the time down and the date. When I got back to Australia, 28 degrees said that I put my chip in and so the transaction was valid. I wrote back that no money came out of the machine, and all machines have cameras now, so they should be able to see I got no money. Can I take this to AFCA as I should not be to blame and it has to be on camera.
Hi Nicholas,
Thanks for getting in touch and sorry to hear about what happened. You can check and inquire with AFCA how to handle the situation but make sure you have all supporting documents to validate your claim. Hope this helps!
Best,
Nikki
(Apologies for lengthy message) I love to travel and I hate paying ANY fee’s overseas. About 10 years ago I was away for 4 months and with the total fee’s I paid along the way I could have stayed away much longer, so since then I’ve searched high and low for credit/debit cards to use.
I found 28 degrees first and that was fantastic until they changed the fee structure for having a positive amount on the card itself and using ATM’s, so I stopped using that one. Plus they introduced some fee’s for paying the card off if it went into debt.
The past few years I’ve used Citibank debit card and that has been fantastic. I’ve paid no fee’s at all and its very simple to get hold of with no extra banking requirements to keep it – like put X amount per month in the account. I use it overseas and that’s pretty much it. Plus if you do use it in Australia at some restaurants you get a free bottle of wine!!
Recently I changed banks and joined ING. I heard they had a similar card (Orange everyday Visa) and I managed to get hold of that as well. I’m not 100% sure if you have to deposit at least $1000 per month to get the benefit of no fee’s but as I’ve joined that bank that part is done anyway. Certainly worth a look but double check those rules.
I would strongly suggest having a look at both the cards above as they are excellent for travel and not paying fees. I wouldn’t travel without them!
Also, I tried an NAB travel card before and that was a total waste of time due to the poor conversion rates the banks charge, and checking other banks “Travel Cards” I found the same thing. They sound good but you are not getting the best rates on conversion and to add to a bad conversion in Thailand a few years ago I was slugged $8 a time at the ATM.
Hope that helps someone! Happy travels.
Hi Andy,
Thanks for reaching out for sharing your experience on credit cards. Feel free to get in touch with us again should you need any assistance.
Best,
Nikki
If 28 degrees card is in credit (nothing owing) and use it to withdraw cash at overseas ATM, then surely there will be no ‘cash advance fee’ or interest charged? Is that right? Thanks.
Hi Dave!
Thanks for your message.
You can withdraw or do a CASH ADVANCE from your 28 Degrees credit card at no cash advance interest rate charged. However, you will still be charged a cash advance fee and an ATM withdrawal fee (operator fee)
Hope this clarifies.
Regards,
Nikki
Perhaps Nikki misunderstood Dave’s excellent question. Or perhaps I have!!! If your 28 degrees card has a positive balance of say $3k and you withdraw 500€ then surely there’s no cash advanced fee nor interest charged???
Hi Traveller,
Thanks for getting in touch!
Sorry for the confusion. If you have a positive credit card balance and you intend to use your money put into it, there will be no cash advanced interest rate charged. However, there will still be a charge on cash advance fees and ATM withdrawal fee (ATM operator fee).
Hope this clarifies!
Regards,
Nikki
If I had say a Bankwest or 28 Deg card and wanted say to purchase, whist in Australia, a cruise costing several thousand $US dollars with an overseas company using that card would I be charged a conversion and/ or an overseas transaction fee?
Hi Brian,
Thank you for getting in touch with finder.
For the Latitude 28 Degrees Platinum Mastercard, there’s 0% of transaction value under the foreign currency conversion fee.
If you have a Bankwest Zero Mastercard, then you will be charged 2.95% of transaction value as the foreign currency conversion fee. However if you have a Bankwest Zero Platinum Mastercard then NO foreign transaction fee.
As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.
I suggest that you also verify this info with your bank/credit card issuer before you make your dollar transaction.
I hope this helps.
Have a great day!
Cheers,
Jeni
I want a credit card for an overseas trip. Points on velocity would be great, as would no international currency transfer fees.
Any suggestions, please? I’ve never had a credit card, just debit cards.
Hi Johnny,
Thanks for your inquiry.
You can also have a look on this page for more options that you can compare. These are for Frequent Flyer Credit Cards with No Foreign Transaction Fees.
Cheers,
Rench
Hi there,
Im travelling to Ireland and the UK for three weeks and would like a small amount credit card just in case i need more funds.
Hi Ladasedlar,
Thank you for your inquiry.
If you are abut to travel overseas you may want to consider the following options.
1. Travel Money Guide: Ireland
2. Travel Money Guide: UK
I hope this information has helped.
Cheers,
Harold
I have a NZ kiwibank visa debit card, and I’ve been using it to withdraw money from da Commonwealth ATM in Australia where I am now residing. The fees are extremely high. Can u please which ATM in Australia day either hve a free foreign ATM fee or lesser fees?
Hi Alley,
Thank you for your inquiry.
While ATMs are convenient, they can also be an expensive way to access cash. With your current circumstance you may find this option helpful.
I hope this information has helped.
Cheers,
Harold
Is there a ATM withdrawal fee for 28 Degrees MasterCard from an ATM in the US? Can I withdraw from any ATMs in US? Thanks.
Hi Yong,
Thank you for your enquiry.
There’s no ATM withdrawal fee with 28 Degrees MasterCard when used with ATMs with the MasterCard logo anywhere in the world. Please note though that there would be a cash advance fee of $4 or 3% of the cash advance (whichever is greater) when you withdraw cash from an ATM with this card. Please click this link for more information about 28 Degrees MasterCard.
Kind regards,
Jason