foreign currency

0% Foreign Fees Credit Cards

Information verified correct on December 8th, 2016

Access your money overseas without paying extra charges by comparing credit cards with 0% foreign fees.

Using your credit card can be a very handy way of paying when you're holidaying overseas or shopping online. However, foreign transaction fees, international ATM charges and cash advance fees can leave a big hole in your holiday budget. Choose a card that doesn't charge those fees and use the extra money to enjoy your trip.

Use the tables below to compare cards that don't charge foreign currency conversion fees or international ATM fees, and learn more about travel money expenses and how to minimise them.

Comparison of No Foreign Currency Exchange Fee Credit Cards

Rates last updated December 8th, 2016
Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee Annual fee
Bankwest Zero Platinum MasterCard
Complimentary travel insurance & 24/7 concierge service and $0 foreign transaction fees.
0% of transaction value $0 $0 p.a. Go to site More info
28 Degrees Platinum MasterCard
No foreign transaction fees on international purchases including international purchases online, together with a no annual fee.
0% of transaction value $0 $0 p.a. Go to site More info
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases and receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
0% of transaction value $225 p.a. Go to site More info
Coles Rewards Mastercard
Earn 2 flybuys point for every $1 spent and no foreign transaction fees for online purchases and overseas trips.
0% of transaction value $4 $89 p.a. Go to site More info

Compare International Credit Cards with No Annual Fee

Compare international credit cards that don't charge foreign transaction fees or annual fees. These cards also have no currency conversion fees and overseas ATM fees.

Credit CardCurrency Conversion Fee   Overseas ATM     FeeAnnual fee
Bankwest Zero Platinum MasterCard0% of transaction value$0$0 p.a.
28 Degrees Platinum MasterCard0% of transaction value$0$0 p.a.
Bankwest Breeze Platinum MasterCard0% of transaction value$0$0

How to compare and choose the right 0% foreign fee credit card for you

  • Currency conversion fees. Most credit cards charge 2-3% for converting currency. Outstanding offers will charge 0% for currency conversion.
  • Overseas ATM withdrawal fees. Typically a percentage of the total cash advance amount or a set charge for withdrawing cash overseas. Competitive cards will provide $0 fees for overseas withdrawals to access your cash. It is important to note unless you have loaded your account in credit, you will be charged the cash advance interest rate. Choosing a card which doesn't charge for international ATM withdrawals can allow you to avoid this charge.
  • Annual fees. Also look at the annual fee for the card; on 0% cards, this is often higher than regular cards.
  • What's the interest rate on purchases? If you're using your card to make overseas purchases but won't be paying back your balance in full each month, you'll need to take the purchase rate into consideration.
  • Are there other travel benefits? Some cards offer additional travel benefits, such as complimentary travel insurance when you purchase your trip on your card, or bonus frequent flyer points.

How does foreign currency conversion work?

When you make a purchase or transaction in a foreign currency, your Australian Dollars will be converted to the local currency at the exchange rate that's in place on the day. Please note that most banks use an exchange rate that's less competitive than the standard rate.

What exchange rate will I receive?

Depending on the card you're using, you will receive the exchange rate set by MasterCard, VISA or American Express. The following diagram explains how Australian credit cards convert currency with American Express, MasterCard or Visa:

mcamexcurrencyconversion

MasterCard and American Express will convert the foreign currency amount to USD before converting it to AUD (unless your transaction is already in USD). Both of these conversions will transfer at the daily exchange rate.

visacurrencyconversion

VISA will convert your foreign currency amount directly to AUD at the daily exchange rate.

  • MasterCard and American Express. All transactions made in a currency other than United States Dollars (USD) will be converted to USD before it is converted to AUD.
  • VISA. Transactions made in the following currencies will be converted directly to Australian Dollars (AUD):
    • United States Dollars (USD)
    • Canadian Dollars
    • New Zealand Dollars
    • Singapore Dollars
    • Pounds Sterling
    • Euros
    • Japanese Yen

As a result, if the Australian Dollar is not favourable against the United States Dollar, using a VISA credit card may incur less currency conversion fees.

Foreign currency exchange calculators

  • MasterCard. Provide a currency conversion calculator. Simply select your settlement date, base currency (AUD) and MasterCard will show you the daily exchange rates.
  • VISA. Also provide a currency conversion calculator. Select the country which your credit card was issued from, the currency which you require and VISA will provide you with the daily exchange rates.
  • American Express. Unfortunately American Express have not released a currency conversion calculator at this point of time.

What is 'Dynamic Currency Conversion'?

Dynamic Currency Conversion (DCC) allows you to pay directly with AUD at the point of sale, instead of converting the foreign currency. If you have travelled overseas you may have been offered the choice of paying in the local currency or in Australian Dollars. By choosing to pay directly with Australian Dollars you will attract the DCC fee. Learn more about Dynamic Currency Conversion.

  • How much is the DCC? The DCC ranges from 3-10%, which is why you're generally discouraged from opting for it.
  • Is it a good idea to use DCC overseas? If the Australian Dollar has improved significantly against the foreign currency, you may still save money after incurring the DCC fee. Generally, though, it's best not to use the DCC.

Want to lock in exchange rates, avoid foreign currency conversion fees and spend in multiple currencies? Prepaid travel cards may suit your travel money needs.

If you don't qualify for a credit card or don't want to risk running up extra interest bills, a prepaid travel card still gives you the convenience of paying with plastic and loading your funds before you leave. Most Australian prepaid travel cards let you load the card with Australian dollars and move it into any of the supported foreign currency wallets, meaning you can spend your own cash and avoid currency conversion fees.

ANZ Travel Card

ANZ Travel Card

The ANZ Travel Card is a prepaid card that can be loaded with up to 10 foreign currencies to make purchases overseas at over 36 million locations.

  • Lock in your exchange rates and know how much money you have to spend
  • No transaction fees for electronic purchases in Australia and overseas
  • Multiple reload options - online, over the phone or in person
  • Manage your money online or over phone 24/7
  • Spare card if in case one is lost or stolen

    Compare Prepaid Travel Money Cards

    Rates last updated December 8th, 2016
    Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
    ANZ Travel Card
    ANZ Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, AUD 3.50, CAD 3.00, EUR 2.20, GBP 2.00, HKD 20.00, JPY 260, NZD 4.50, SGD 4.00, THB 95, USD 2.50 1.1% of the value purchased $0 Go to site More
    NAB Traveller Card
    NAB Traveller Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $0 per withdrawal on international ATMs and $3.75 per withdrawal at any Australian ATMs $0 $0 Go to site More
    Cash Passport MasterCard
    Cash Passport MasterCard
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $2.50 for withdrawals made overseas 2.95% of the amount withdrawn for domestic withdrawals $0 $0 Go to site More
    Qantas Card with Qantas Cash
    Qantas Card with Qantas Cash
    AUD, AED, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD AUD 1.95, CAD 2.00, EUR 1.50, GBP 1.25, HKD 15.00, JPY 160, NZD 2.50, SGD 2.50, USD 1.95, THB 70.00, AED 6.50 $0 $0 Go to site More
    Travelex Travel Card
    Travelex Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD Travelex does not charge an ATM withdrawal fee when you use your Travelex Multi-currency Cash Passport to withdraw currencies that are loaded on the card at overseas ATMs where MasterCard is accepted. The greater of 1.1% of the initial load / reload amount or AU$15.00 $0 Go to site More

    You can learn more about prepaid travel money in our guide

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    126 Responses to 0% Foreign Fees Credit Cards

    1. Default Gravatar
      Brenda | November 4, 2016

      We are Canadians travelling to Australia & New Zealand. I am confused about wether it is more advantageous to use a Canadian credit card or a U.S. dollar credit card in these countries. Both cards have no currency surcharge transaction fee. They are both Mastercards. I believe the exchange rate is more favourable for the Candian dollar.

      • Staff
        May | November 4, 2016

        Hi Brenda,

        Thank you for your comment.

        Just to confirm that the credit cards we feature on our site are available to people in Australia only.

        As for your cards issued in Canada and in the US, since those cards have a MasterCard logo, most likely, those can be used in any ATM in Australia and New Zealand that accepts MasterCard. Though please note that you have to contact your issuing banks to verify the other possible fees they charge when you use them overseas.

        Cheers,
        May

    2. Default Gravatar
      | September 19, 2016

      Why do 28deg M/C charge above M/Cards’s exchange rate.When they claim no currency conversion fees?

      • Staff
        Sally | September 20, 2016

        Hi Dan,

        Thanks for your question.

        The cards don’t charge a currency conversion fee, but your funds will still be impacted by the exchange rates in place if you spend in a foreign currency. So while you might not be charged an additional fee when making a purchase in a foreign currency, your funds will be exchanged in accordance with the exchange rate that is in place.

        I hope this has helped.

        Cheers,

        Sally

    3. Default Gravatar
      kim | August 16, 2016

      I have a smart salary meal entertainment card. l intend to use it in Malaysia, is there a transaction fee and conversion fee?

      • Staff
        May | August 16, 2016

        Hi Kim,

        Thanks for your comment.

        Unfortunately, as we do not have information on the financial institution that backed your salary meal entertainment card, I’m afraid we’re unable to check if transaction and conversion fees are applicable to your card.

        Cheers,
        May

    4. Default Gravatar
      Anthony | August 5, 2016

      Hi, I’m looking at your foreign currency international fee free cards and noted that you had not included Coles Rewards card. Have you missed this card or have I not understood what the coles rewards credit card actually offers

      • Staff
        Anndy | August 5, 2016

        Hi Anthony,

        Thanks for your question.

        The credit cards featured above are those with no foreign currency conversion and overseas ATM fees. While Coles Rewards MasterCard does not charge foreign currency conversion fees, it charges $4 on overseas ATM withdrawals.

        Cheers,
        Anndy

    5. Default Gravatar
      Justine | April 6, 2016

      I am interested in your opinion of best credit card where the following points are relevant to me:
      I pay off the balance every month.
      I like to use for international transactions.
      I would like to earn high miles.
      I am attracted to the special deals of getting a lot of Qantas FF miles with a new credit card.
      Unfortunately it doesn’t seem that you can have all – either the foreign transaction fees are high, or you have no fees and no miles. In the US – my platinum premier credit card has no fee and accumulates points which can be used for cash back or miles (but not with Qantas).

      • Staff
        Sally | April 6, 2016

        Hi Justine,

        Thanks for your question.

        As a financial comparison service, we can’t recommend any specific products as the ‘best’ option will depend on your individual circumstances.

        You can start by comparing Qantas Frequent Flyer credit cards here. You can also look at frequent flyer credit cards with no foreign transaction fees here.

        That is correct though, you can rarely get a card that has both a rewards program and $0 foreign transaction fees. Instead, you need to consider how you’ll be using the card and which feature offers you the most value.

        I hope this has helped.

        Cheers,

        Sally

    6. Default Gravatar
      Den | March 28, 2016

      Will I be able to use my BOQ Debit card in Cuba?

      • Staff
        Sally | March 31, 2016

        Hi Den,

        Thanks for your question.

        This might depend on what type of card you have. MasterCard and Visa are both accepted in Cuba, but it’s largely a cash society, so you’ll need access to an ATM to withdraw funds.

        Depending on what type of card you have, you might incur currency conversion fees when you try to use your Australian dollars to pay in Cuban peso or Cuban convertible peso.

        If so, you might want to consider using a debit card that charges low or no foreign transaction fees when travelling overseas.

        For more travel money tips for your holiday to Cuba, please see our Cuba Travel Money Guide.

        I hope this has helped.

        Cheers,

        Sally

    7. Default Gravatar
      Sid | March 24, 2016

      Hi
      I want to use my Australian HSBC credit card in Singapore for my stay. Can you please let me know what fee will I be paying.
      Also is it better to use Hsbc credit card or debit card.
      Thanks
      Sid

      • Staff
        Debbie | March 24, 2016

        Hi Sid,

        Thanks for your inquiry.

        Please note that you’ve come through finder.com.au, an online comparison service and we’re not in the position to recommend specific card issuers, products or services.

        For HSBC Credit Card, a foreign conversion fee of 3% of the transaction value applies and there is also an overseas ATM withdrawal fee of $4.50.

        If you are considering debit card for your travel, you may wish to check what are the things to consider on using debit card on your next trip.

        You can also compare the differences of credit card and debit card here.

        I hope this helps.

        Cheers,
        Debbie

    8. Default Gravatar
      Kim | January 17, 2016

      Hi, we have the coles platinum mastercard. It says there are no international transaction fees but it doesn’t mention the currency conversion fee. I just called them and of course I get an overseas call centre, who tells me that there is no currency conversion fees but I can’t locate those words. Do you know if this card charges a currency conversion fee? Many thanks.

      • Staff
        Ally | January 20, 2016

        Hi Kim,

        Thanks for reaching out.

        Foreign currency conversion fees and international transaction fees are just about the same.
        The Coles Platinum card doesn’t charge any.

        For your reference, you may read through our Coles Platinum review page here.

        I hope this has helped.

        Cheers,
        Ally

    9. Default Gravatar
      Jennifer | December 28, 2015

      With some change occurring in Cuban US relations can you please supply very current information re card use in Cuba? We usually travel with a 28 degrees MasterCard and QANTAS travel card. From research neither appear usable in Cuba. Any assistance would be much appreciated.

      • Staff
        Sally | January 4, 2016

        Hi Jennifer,

        Thanks for your question.

        You should be able to use a Visa or MasterCard issued in Australia so long as it’s not affiliated with a US bank (for example, American Express, Westpac, ANZ, Commonwealth Bank and 28 degrees as they’re all associated with US General Electric). Please note that you’ll have trouble finding an Australian travel card (such as the Qantas travel card) that’ll work in Cuba.

        I hope this has helped.

        Cheers,

        Sally

    10. Default Gravatar
      denice | November 26, 2015

      I am going to use my Australian credit card for a purchase of 16000 in one transaction in Thailand. What would the international fee cost be approximately please

      • Staff
        Sally | November 26, 2015

        Hi Denice,

        The fees you will incur will vary depending on the card you’re using.

        If you could please confirm the card you’re using, we could provide you with a more specific response.

        Otherwise, the fees you can look out for are the foreign transaction fees and currency conversion fees.

        Please keep in mind that many credit cards have a daily transaction limit, so you may not be able to spend $16,000 within one transaction or one day.

        If you have any more specific enquiries, you may need to get in touch with your credit card issuer.

        Cheers,

        Sally

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