Best Visa or MasterCard With No Foreign Transaction Fees?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Apricot
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Best Visa or MasterCard With No Foreign Transaction Fees?

Postby Apricot » Sat Nov 16, 2013 11:11 am

Well, I recently traveled to Europe and it got me wondering what is the best MasterCard or Visa for foreign travel.

1. EMV was everywhere and it was Chip and Pin not chip and signature.
2. Foreign transaction fee can add up rather quickly. 3 %

I used mostly my Chase Sapphire preferred but I am looking for a no annual fee no foreign transaction fee card since I will not renew my CSP once the annual fee kicks in. What would be best.


m20e3087
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Postby m20e3087 » Sun Nov 17, 2013 2:28 pm

CSP is good but there is AF, also BankAmeri travel reward Card form BOA is good one to check out as well
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve

DavidNY
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Postby DavidNY » Sun Nov 17, 2013 2:50 pm

I like the BofA BankAmericard Travel Rewards Visa too but its chip & sig.

Apricot
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Postby Apricot » Sun Nov 17, 2013 5:19 pm

Yup, I tried to get the Bank of America card but I was denied. A little confusing since my credit score and history should be more than sufficient.
I went for the ventureone but I was not impressed with the Customer Service. I wish the no annual fee sapphire would come with no foreign transaction fee.

Side note, I do know of a Debit card with no foreign transaction fee but I am still a little weary about using debit overseas and large purchases :eek:

MoMo
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Postby MoMo » Tue Nov 19, 2013 6:03 am

You could try the Barclaycard Arrival No AF and No Foreign Transaction Fee. It comes with a 20,000 bonus pts. Barclaycard is working on getting EMV chips to their cards soon.

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gijoe3181
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Postby gijoe3181 » Tue Nov 19, 2013 8:57 am

I would say to try to the capital one platinum prestige card. But I would want you to have to many hard posts. Even though you would have a annual fee. I got my united mileage plus cc. And when i traveled outside the control i had no problems and no foreign fees either. You may want to look into that one.
"Don't think you don't deserve what you earn."

Amex Blue Cash
Discover
Chase United mileage plus
Capital One

takeshi
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Postby takeshi » Tue Nov 19, 2013 9:01 am

Are chip & PIN and no FTF your only criteria for "best" or do you have any others? Are you only considering no AF cards?

If you can pass their underwriting criteria PenFed has chip & PIN cards with no FTF. They're currently not very favorably looked upon for devaluing and changing the terms of their rewards programs but there's one option. You may need a "qualifying product" (refer to their site) to avoid AF depending on the card.

Sevenfeet
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Postby Sevenfeet » Tue Nov 19, 2013 10:50 am

takeshi wrote:If you can pass their underwriting criteria PenFed has chip & PIN cards with no FTF. They're currently not very favorably looked upon for devaluing and changing the terms of their rewards programs but there's one option. You may need a "qualifying product" (refer to their site) to avoid AF depending on the card.


It's true, Penfed has pretty much done away with the non-Visa Sig version of the Platinum Rewards Visa card. That one had 5 points on gas/3 points on groceries and was in a class by itself for those rewards. Then the Sig version was announced earlier this year, it only made it a 5/3/1 card for a limited time (through the end of 2013, reverting afterwards to a 3/2/1 reward system). Those of us who still have the older card are still enjoying 5/3/1 benefits but it's unclear if our cards will be nerfed to the new one in 2014.

I hadn't seen that they devalued the points system (less than 1 cent per point). Not cool.

{EDIT}

OK, I had to do the math on this to see how this change was going to affect my cash back amounts with them. The current math is that a point at Penfed is equal to .82 cents. That means that for the 5 points on gas benefit, you're really doing about 4.1% cash back. That's still better than my other cards, but not as nice. For groceries, I'm looking at 2.46% cash back, which is still better than my next in line card (after my Amex BCP benefit is exhausted) the BofA Cash Rewards card at 2.1%.

So I'll still be using this card. But I'll be paying better attention on future changes to the program.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)



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