When traveling abroad, you have to worry about exchanging your money for foreign currency. If you thought that using your credit card would be an easy way to circumvent this chore, think again.
Most credit cards charge a foreign transaction fee, typically equal to 3% of the purchase amount. If you’re shopping often during your international trip, which you’ll most likely be doing, you’ll rack up a bunch of foreign transaction fees when the credit card bill arrives.
Fortunately, there are some credit cards that cater to travelers and make it a point to waive such foreign transactions fees to help reduce the final cost of your foreign spending. It also doesn’t hurt that most of these no-foreign-transaction-fee credit cards have lucrative rewards programs and offer enticing travel perks.
Here are the 5 best credit cards for those who are looking to avoid foreign transaction fees:
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