0% Foreign Fees Credit Cards

Updated 22 May 2019

Choose a card with no foreign fee to save on foreign currency conversion fees when spending overseas or online with international retailers.Also called international transaction fees, foreign fees or foreign currency conversion fees are the fees credit card transactions attract when they are made in a foreign currency. This could be transactions made in person while travelling overseas, or purchases made online with an overseas merchant.

Typically ranging between 2 to 3% of the transaction amount, these foreign fees can really stack up. For example, if you went on holiday overseas and used your card to spend $5,000 on accommodation, car hire and everyday living, you would pay $150 in foreign fees if your card had a 3% foreign currency conversion fee. That’s $150 in someone else’s pocket, not in yours.

But there is an easy solution. If you travel overseas on a regular basis, or you like shopping online at international retailers, you could apply for a card with no foreign fee. Using this page, you can check out a range of these cards using our easy-to-understand visual comparison tools to compare important features such as interest and annual fees.

If you are visiting the site using a desktop, you will see circles under each of these features, and if you are on a mobile device, you will see a bar. The more filled-in these are, the stronger the features are. This can help you to choose a card that not only saves you on foreign fees, but also suits your budget and your spending style.

ANZ Rewards Travel Adventures Card

ANZ Rewards Travel Adventures Card

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28 Degrees Platinum Mastercard

28 Degrees Platinum Mastercard

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Coles Rewards Mastercard

Coles Rewards Mastercard

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Going overseas? Shopping online in other currencies?

Australia's are spending over $1 million a day on foreign transaction fees on credit cards.

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Travelling overseas can be expensive enough without having to worry about extra fees and charges being added to your credit card. If you want to avoid paying more than you have to on your overseas spending – whether that’s in person overseas, or online within Australia – you may want to consider a 0% foreign fees credit card.

What is a 0% Foreign Fees Credit Card?

Unlike the majority of other credit cards, a 0% foreign fees credit card does not charge a foreign currency conversion fee for transactions made in a foreign currency.

You will find most credit cards charge a fee between 2-4% of each foreign currency transaction, which can get pretty expensive if you like shopping online with overseas merchants, or you enjoy exploring other countries with your credit card in hand.

Making shopping overseas somewhat more affordable, a 0% foreign fees credit card waives the fee associated with foreign currency conversion, which can make them very appealing indeed.

Types of 0% Foreign Fees Credit Cards

When applying for a 0% foreign fees credit card, you obviously need to consider the type of card you need, and everything it has to offer. You may choose a 0% foreign fees credit card that is a no annual fee credit card, a low rate credit card, a rewards credit card or a prestige card, like a gold or platinum option.

0% foreign fees credit cards come in all shapes and sizes, charging varying rates of interest and fees. Some will be packed with features, rewards and introductory offers, while others will be basic. Just as you would do when comparing any other credit card, make sure you choose a 0% foreign fees credit card that gives you everything you need at the lowest possible price.

0% Foreign Fees Credit Cards vs. Other Options

Wondering whether a 0% foreign fees credit card is right for you? Here are a few other options you may want to consider:

Debit Card: Your everyday debit card may be used overseas as long as it is a Mastercard or Visa. Be aware that fees and charges may apply, and your debit card may not offer the range of travel-related extras and support that a 0% foreign fees credit card might.

Pre-Paid Travel Money Card: With a pre-paid travel money card, you can load a number of foreign currencies onto the card, which can then be used overseas. Be aware that some fees and charges may apply, so read the small print before you go.

Foreign Cash: If you choose to take foreign currency overseas, and that money is lost or stolen, you may only be able to claim it back if you have travel insurance. You may also find that certain fees are applied when exchanging currency, and exchanging money can be more expensive in certain places, such as at the airport.

Ready to compare the options? Check out the great range of 0% foreign fees credit cards on CreditCard.com.au today and start saving on your overseas transactions!

When you use an Australian credit card to make a transaction in a foreign currency, the credit card provider has to convert the total amount of that transaction into Australian Dollars (AUD). However, the conversion process varies according to the credit card provider.

Mastercard and American Express convert the foreign currency amount into United States Dollars (USD), to then convert it into AUD. These conversions will both be transferred according to the daily exchange rate.

Visa, on the other hand, converts the foreign currency amount directly to AUD at the daily exchange rate, as long as the initial transaction was made in USD, Canadian Dollars, New Zealand Dollars, Singapore Dollars, Pounds Sterling, Euros or Japanese Yen.

For all transactions made in other foreign currencies, Visa converts the foreign currency amount to USD, to then convert it to AUD.

As you can imagine, if the Australian Dollar is not faring favourably against the United States Dollar, this process of converting foreign currency transactions through USD would end up costing the cardholder more than it should.

If you want to compare daily exchange rates on your current credit card, you can use the Mastercard or Visa foreign currency exchange calculator. American Express, unfortunately doesn’t provide one for its customers to use.

Choosing a 0% foreign fees credit card can certainly save you money on foreign currency conversion. However, there are other fees and charges you should be aware of:

  • Overseas ATM Withdrawal Fee: If you withdraw cash at an ATM overseas, you may be charged an overseas ATM withdrawal fee of either $3 or so, or 2-4% of the total transaction. If you plan on using your card to withdraw money overseas frequently, choosing a card that doesn't charge for international ATM withdrawals could be a good idea.
  • Overseas Cash Advance Fee: When withdrawing money from an ATM on a credit card overseas – even one that doesn’t charge overseas ATM fees – you may still be expected to pay an overseas cash advance fee. This transaction will attract interest at the cash advance rate, which is typically higher than the purchase rate.
  • Annual Fee: Just like any other credit card, a 0% foreign fees credit card may charge an annual fee. Weigh up the cost of the annual fee against the features you get in return to work out whether the card offers good value.
  • Purchase Rates: Again, just like any other credit card, a 0% foreign fees credit card charges interest on purchases made when the balance is not cleared month-to-month. If you want to save on interest while travelling, consider applying for a card with a 0% purchase offer.

Taking all that into account, be sure to look at any other travel-related extras your 0% foreign fees credit card has to offer. Complimentary travel insurance, frequent flyer rewards and airport lounge access can make fees and charges you have to pay on the card more worthwhile.

The amount you could potentially save on a 0% foreign fees credit card will depend on the amount you spend on the card, and the fees you would have paid on a standard credit card.

If you spent $3,000 on a credit card that charged a foreign currency conversion fee of 3%, you would pay an extra $90 compared to using a 0% foreign fees credit card.

If you spent $10,000 on a credit card that charged a foreign currency conversion fee of 4%, you would pay an extra $400 compared to using a 0% foreign fees credit card.

And that’s before any other fees such as overseas ATM withdrawal fees or overseas cash advance fees are taken into account.

Still weighing up whether a 0% foreign fees credit card is right for you? Here are some of the pros and cons to take into consideration.

Pros

  • Save money on foreign currency conversion fees.
  • Plenty of cards to choose from.
  • Other travel-related benefits on offer.
  • Can be more secure than other options, such as cash.

Cons

  • There may still be other fees to be aware of.
  • 0% foreign fees credit cards may charge higher annual fees and interest.

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16 questions (showing the latest 10 Q&As)

Al

Al

21 March 2019
Hello. Im interested in a card(s) which offers complimentary travel insurance for a minimum 6 month period, but which also does not require having a paid return ticket up front. A card with No foreign currency conversion fees would also be a welcome card feature. Is or are there any cards that you know of that might offer these benefits?Thanks - Al
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 March 2019
    Hi Al, with wanting no foreign fees, this is a real limitation. No foreign fees save so much money if you are spending in other currencies. I would say this feature would be more important than the overseas travel insurance value. Though I think the ANZ Rewards Travel Adventure will meet your requirements. Here is details on the Overseas Travel Insurance - https://www.anz.com.au/content/dam/anzcomau/documents/pdf/premium-cards-insurances.pdf. This card has no foreign fees, earns points on spend. Plus as a bonus no overseas cash advance fees. Great card for travelling.
Carol

Carol

27 February 2019
I am traveling to Scandinaviain a couple of months. What credit card and debit card would you recommend. I would like to load the credit card with cash too.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 February 2019
    Hi Carol, the ANZ Rewards Travel Adventure. Whilst it has no foreign fees, it also has no cash advance fees when overseas. Add to it the overseas travel insurance and points earning to complete the package.
Ian

Ian

23 February 2019
Can I link an Aust Mastercard to one thats been procured in the Philippines
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Ian, generally different country cards do not mix. You would not be able to link them.
Mick

Mick

1 February 2019
Hi Roland,I'm a Commonwealth bank member and spend most of the year if not all abroad so the recent changes in their credit and travel cards have left me with some fairly average options.I was wondering what card you would recommend for the lowest fees across the board when using internationally with best exchange rates.I will be keeping most of my commonwealth accounts/cards and my commonwealth credit card comes with 6 month travel insurance which I can just activate there is no minimum spend or return flight booking required. Are there any other cards that offer travel insurance with no prerequisites other than an annual fee?I'm also wouldn't mind being able to earn reward points though this is probably just icing on the cake.I also don't mind having to pay an annual fee if the benefits work out, pending on what countries I'm in I probably spend/withdraw AUD$20,000-$50,000 a year via my travel/credit cards.No concerned about interest rates etc as I usually keep my card in the positive.Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 February 2019
    Hi Mick, I like the ANZ Rewards Travel Adventure credit card. With no foreign fees plus the bonus of no overseas cash advance fees when you pull from an ATM. All and all these 2 features could save you a packet in fees. There is some points earning also but this is heavily capped. Though it may be good enough as you would mostly still earn points. Points can be transferred to Velocity for airline rewards plus a few other partner airlines. You need to spend at least $500 on prepaid travel expenses to activate cover. CBA are still the best for overseas travel insurance. How you can just log into Netbank and register for the trip.
Jane

Jane

12 January 2019
At the moment i use a Oz credit card to pay for goods bought in the uk for my house, not only do i get a poor exchange rate i also get charged transaction fees, which is the best cc to use please?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 January 2019
    Hi Jane, I suggest the ANZ Rewards Travel Adventure card. Mastercard exchange rate, no foreign fees and earns reward points on spend. Range of features that are great for travelers. You even get no cash advance fees whilst overseas.
Gaby

Gaby

9 January 2019
I’m an occasional overseas traveller,I don’t want to take my own credit card with me. What would be the best one for me
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 January 2019
    Hi Gaby, another option instead of a credit card could be a Visa or Mastercard Debit account if you don't want to take a credit card. Have a look at the ING Orange Everyday. If you meet the eligibility you can lose the foreign fees with this product. On the credit card side, something like the 28 Degrees Mastercard could work. This is based on the fact it has no annual fee. So is great for occasional use.
Peta

Peta

16 December 2018
I am going to Burma. Which credit card is the best one to obtain money from my own funds.. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 December 2018
    Hi Peta, the ANZ Rewards Travel Adventure card has the extra benefit of being able to pull out cash from an ATM overseas with no fees. Add to this the overseas travel insurance, rewards points earning on purchases and bonus velocity points.
Frank

Frank

13 August 2018
when a card has no foreign transaction fees does that include no foreign conversion fees or is that a separate issue? Is there any cards out there that have include both?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 August 2018
    Hi Frank, I believe you are talking about one in the same feature. Though you can be charged a fee by overseas merchants if applicable. As you can get charged a surcharge when you use a credit card at certain places in Australia. If no foreign transaction fees you will not be charged for converting it from an overseas currency. Most still charge if you pull out cash from an ATM the cash advance fee, typically 3%. The ANZ Rewards Travel Adventure credit card also waives any cash advance fees when overseas. This is a huge game changer for being able to access cash with no foreign fees.
Chris

Chris

2 August 2018
Hi Roland My husband and I have recently retired and I am looking at new credit cards. At the moment we have a Platinum rewards card each that no longer suit our lifestyle as our American Express has been axed and our Altitude points have decreased in value. I was wondering if we as pensioners on a reasonable income and with no debt would be able to get a joint credit card. Interest rate would not be a priority as I always pay my card before payment is due as would rewards points. Main priorities for us would be no foreign transaction fees and complimentary travel insurance cover as we hope to travel quite a bit low annual fee would also be a bonus. We both hold Qantas memberships so if there was something that could add points now and again just to keep our accounts active would be good. Also do you think it's a good idea to have two different cards to cover all options.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 August 2018
    Hi Chris, nice on the retirement. Many cards these days do not offer joint application. Therefore I of you would need to apply. Then you can have a secondary card issued for the other. For no foreign fees I suggest the ANZ Rewards Travel Adventure. It has some great features though no foreign fees, no cash advance fees overseas and no foreign ATM fees are really the key here. Add to that good insurance options, a free domestic flight and bonus points to complete the package. If you are not a Velocity member I would sign up. I have both Qantas and Velocity. I primarily use Qantas but sometimes use Velocity as well. Its great to have the flexibility of the 2 programs and huge partner airlines. For max Qantas points earning then, there will be foreign fees. So this 2nd card would be used domestically. The card choice will depend on how much you will spend each month. Additionally whether this 2nd card can be an AMEX. I have the AMEX Qantas Ultimate. Best points earning plus other features. This might be over kill if you wont spend much. For lower monthly spenders I like the HSBC Platinum Qantas card. Annual fee is reasonable. 1 Qantas point earn per $1 up to $2,500 a month is great. Falls down if you spend much more. Let me know if none of these suggestions suit. If you could let me know monthly spend amounts then I could refine.
Frank

Frank

30 July 2018
Thank you so much for your answer to my question what type of credit card would be best to recieve free travel insurance unfortuatly I failed to mention I am a member of Qantas rewards program so if possible I would prefer one attached to qantas instead of Valocity Thank you again Frank
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 July 2018
    Hi Frank, there is only 1 card that I know that earns Qantas points with no foreign fees on purchases. Though you still will get the foreign ATM and cash advance fees. Have a look at the Bankwest Qantas Platinum credit card. The earn rate isn't great but at least its Qantas points. I still recommend the ANZ Rewards Travel Adventure. I am both a Velocity and Qantas member. I find having access to both programs provides more flexibility for bookings. Sometimes I cannot get something with Qantas but can on Velocity. Though I primarily use Qantas points and focus on earning them.
Frank

Frank

29 July 2018
Hi Roland what type of credit card would be best to receive free travel insurance
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 July 2018
    Hi Frank, with no foreign fees I like the ANZ Rewards Travel Adventures Card. Besides no foreign fees you earn points plus have no cash advance fees overseas or no foreign ATM fees which puts it in a class of its own.
Joshua woischuk

Joshua woischuk

21 July 2018
Hey Roland, I’m always travelling overseas as well as to and from Australia. I’m registered with commbank but my platinum awards credit card doesn’t seem to be cutting it for me because I would like to earn more bonus points when spending large amounts of money on flights and courses etc. I’m looking for a high bonus points card and zero international transaction fees. I dont mind high interest rate as I pay my debt back immediately before interest occurs. Have you got any ideas?? Thank you Josh
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 July 2018
    Hi Joshua, this combination of features has really dropped off. Very little cards have no foreign transaction fees, especially in the rewards space. This ANZ Rewards Travel Adventure card is fantastic. But its points earning drops to 0.5 per $1 after 2k per month spend. This still is one of the better options out there. There is no point paying a 3% foreign transaction fee on a high end rewards card that is not delivering even that 3% back in rewards points. When I am overseas I am always using a no foreign fee card. Other than the ANZ I am not sure what could suit. Even AMEX are hitting with foreign fees these days.
Anne

Anne

8 July 2018
What is a Purchase rate please?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 July 2018
    That is the interest rate you pay on purchases if you are not in the interest free period. The 28 Degrees has up to 55 days interest free depending on when you spend in your billing cycle. You need to pay your account off in full each period to get interest free days. Thus my suggestion of paying off your card every few weeks.
Anne

Anne

8 July 2018
I am travelling from Australia to Dubai and London. I want a card that I can put my own money on via internet banking as I go. IE. would NEVER have money owing on it at the end of a month. Looking at the 28 Degrees??
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 July 2018
    Hi Anne, its a 2 pronged approach. 1 you have a credit card with no foreign fees that you can use for purchases and payoff every couple of weeks. Then secondly you need an account that you can pull cash out of that does not have any fees. Credit cards all charges fees if you cash advance. The 28 Degrees is a good enough option on no foreign fees for a credit card. Then the suggest the ING Orange everyday account for pulling out cash. https://www.ing.com.au/everyday-banking.html. With orange there are a range of requirements to get no foreign fees such as depositing 1k a month and 5 transactions. Free ATMs everywhere in Australia - and at all the 3.5 million+ ATMs around the world we'll rebate the ATM fee within 5 days, when you deposit $1,000 or more per month and make 5+ card purchases that are settled (not pending) each month. Definitely worth exploring.
Susie

Susie

27 April 2018
I am a Québec (Canada) resident and I am looking for a credit card with 0% foreign currency conversion charge and 0 $ annual fee.Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 April 2018
    Hi Susie, as a Canadian resident this will be an issue with some cards. Are you currently in Australia? If so what is your Visa status. You will need to be in Australia and have a long stay visa to apply. I like the ANZ rewards travel adventures credit card.
clive

clive

24 January 2018
Hi, i'm looking for a new credit card to replace my Coles Platinum card. Apparently Citi are taking it over soon and withdrawing the 0% overseas transaction fees - will be 2% when they take over. Main requirements are 0% overseas transaction fees and hopefully Velocity or Flybuy rewards points. Not too concerned about annual fees Any suggestions?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 January 2018
    Hi Clive, yes I did here about this feature reduction which is disappointing. My pick is the ANZ Rewards Travel Adventure Card. Some nice bonus points (online only offer) plus no foreign fees, a free return flight every year (even Sydney to Perth return) and overseas travel insurance to complete the package. Solid points earning also.
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