The best no foreign transaction fee cards
Every open card in our database that charges no foreign transaction fee — so purchases abroad cost you nothing extra — ranked by the real value of its base earn rate. Ideal for travel and any spending in a foreign currency.
There is no clear winner here. Capital One Venture Business and Capital One Venture Rewards both land on exactly 2.6¢ back per dollar, which is inside the error bar on any point valuation — so calling either one the best would be inventing a result the data doesn't support. Decide on the annual fee, the caps and where the rest of your spending actually goes.
Reviewed: Data verified 2026-09-15 · Credit Upside editorial · Updated 2026-09-16 · How we rank
Featured cards
All 20 cards in this ranking, with what each one is actually best at. Tap any card to jump to its row.
- 1 Capital One Venture Business — Best overall for spending abroad: 2x on everything, $95 a year — 2.6¢ back per dollar
- 2 Capital One Venture Rewards — 2x on everything, $95 a year — 2.6¢ back per dollar
- 3 Capital One Venture X Business — 2x on everything, $395 a year — 2.6¢ back per dollar
- 4 Capital One Venture X — 2x on everything, $395 a year — 2.6¢ back per dollar
- 5 Capital One BJ's One+ Mastercard — Best with no annual fee: 2% on everything, no annual fee — 2.0¢ back per dollar
- 6 Capital One T-Mobile Visa — 2% on everything, no annual fee — 2.0¢ back per dollar
- 7 Fidelity Rewards Visa Signature — 2% on everything, no annual fee — 2.0¢ back per dollar
- 8 Apple Card — 2% on everything, no annual fee — 2.0¢ back per dollar
- 9 Capital One Spark Cash (Spark 2% Cash) — 2% on everything, $95 a year — 2.0¢ back per dollar
- 10 USAA Eagle Navigator — 2x on everything, $95 a year — 2.0¢ back per dollar
- 11 Capital One Spark Cash Plus (Spark 2% Cash Plus) — 2% on everything, $150 a year — 2.0¢ back per dollar
- 12 Chase Ink Business Premier — 2% on everything, $195 a year — 2.0¢ back per dollar
- 13 U.S. Bank Business Altitude Power Visa Signature Card — 2x on everything, $195 a year — 2.0¢ back per dollar
- 14 Graphite Business Cash Unlimited Card from American Express — 2% on everything, $295 a year — 2.0¢ back per dollar
- 15 Capital One VentureOne Business — 1.5x on everything, no annual fee — 1.9¢ back per dollar
- 16 United Club Business Card — 1.5x on everything, $695 a year — 1.9¢ back per dollar
- 17 Air France KLM Visa Signature — 1.5x on everything, $89 a year — 1.8¢ back per dollar
- 18 Bilt Blue Card — 1x on everything, no annual fee — 1.8¢ back per dollar
- 19 Citi Strata Elite℠ Card — 1.5x on everything, $595 a year — 1.7¢ back per dollar
- 20 Capital One VentureOne Rewards — 1.25x on everything, no annual fee — 1.6¢ back per dollar
The ranking
| # | Card | Base value | Base rate | Fee |
|---|---|---|---|---|
| 1 | Capital One Venture Business Capital One |
2.6¢/$ | 2x | $95 |
| 2 | Capital One Venture Rewards Capital One |
2.6¢/$ | 2x | $95 |
| 3 | Capital One Venture X Business Capital One |
2.6¢/$ | 2x | $395 |
| 4 | Capital One Venture X Capital One |
2.6¢/$ | 2x | $395 |
| 5 | Capital One BJ's One+ Mastercard Capital One |
2.0¢/$ | 2% | $0 |
| 6 | Capital One T-Mobile Visa Capital One |
2.0¢/$ | 2% | $0 |
| 7 | Fidelity Rewards Visa Signature Elan Financial Services |
2.0¢/$ | 2% | $0 |
| 8 | Apple Card Goldman Sachs |
2.0¢/$ | 2% | $0 |
| 9 | Capital One Spark Cash (Spark 2% Cash) Capital One |
2.0¢/$ | 2% | $95 |
| 10 | USAA Eagle Navigator USAA |
2.0¢/$ | 2x | $95 |
| 11 | Capital One Spark Cash Plus (Spark 2% Cash Plus) Capital One |
2.0¢/$ | 2% | $150 |
| 12 | Chase Ink Business Premier Chase |
2.0¢/$ | 2% | $195 |
| 13 | U.S. Bank Business Altitude Power Visa Signature Card U.S. Bank |
2.0¢/$ | 2x | $195 |
| 14 | Graphite Business Cash Unlimited Card from American Express American Express |
2.0¢/$ | 2% | $295 |
| 15 | Capital One VentureOne Business Capital One |
1.9¢/$ | 1.5x | $0 |
| 16 | United Club Business Card Chase |
1.9¢/$ | 1.5x | $695 |
| 17 | Air France KLM Visa Signature Bank of America |
1.8¢/$ | 1.5x | $89 |
| 18 | Bilt Blue Card Cardless |
1.8¢/$ | 1x | $0 |
| 19 | Citi Strata Elite℠ Card Citi |
1.7¢/$ | 1.5x | $595 |
| 20 | Capital One VentureOne Rewards Capital One |
1.6¢/$ | 1.25x | $0 |
How we rank
One arithmetic rule, applied by code to our maintained card database. There is no editorial pick, no hand-ordering and no sponsored slot.
- Printed earn rate. The base rate each issuer prints for all uncategorised spending, read from our maintained database. This page ranks on that rate alone, so a card's bonus categories don't inflate its position here.
- Conservative point value. Each rate is multiplied by our conservative mid-range value for the currency it pays, turning a multiplier into cents back per dollar. Every point value we use, published →
- Annual fee. Printed against every card and used to break ties, so the cheaper of two equal cards ranks higher.
- Caps and limits. Base rates are uncapped by definition — that is what makes them base rates. Where a card's bonus categories carry caps, those appear on the card's own page and in the category guides, not here.
- Pool and cutoff. 221 open US cards are in our database; 178 of them charge no foreign transaction fee and qualify. The page publishes the top 20 by real value — the cutoff is #20, so 158 qualifying cards did not make it and can be found on the full card list.
- Rotating and pick-your-own categories. Kept out of the headline ranking, because they only pay in the right quarter or with the right election. Issuer-travel-portal-only rates are excluded for the same reason: they pay only if you book through the portal.
- Commission. The ranking code has no access to which cards pay us a commission — the ordering function never reads the affiliate file. Any apply link is attached after the order is already fixed, so it cannot move a card up or down. How that works.
Full methodology, including how each point value is set: how we value points and rank cards →
The honest caveat
A missing foreign transaction fee saves the typical 3% surcharge, but it isn't the whole picture abroad: a card's network acceptance, travel protections and category bonuses matter too. Rank here is base-rate value only — check each card's page for its full earn table.
Common questions
What's the best no foreign transaction fee cards?
There is no clear winner. Capital One Venture Business and Capital One Venture Rewards both land on exactly 2.6¢ per dollar, which is inside the error bar on any point valuation — so choose on the annual fee and on where the rest of your spending goes.
How do you rank them?
We rank cards straight from our maintained database by real value of the base earn rate, and never by whether a card pays us a commission. The ordering function has no access to the affiliate file at all.
How many cards qualify?
20 open US cards in our database meet this filter and are listed above, which is the maximum we publish on one page. Card data was last verified 2026-09-15.
Is there one with no annual fee?
Yes — Capital One BJ's One+ Mastercard from Capital One charges no annual fee and pays 2.0¢ back per dollar at 2% on everything. It ranks #5 on this page.
Does the ranking change if a card pays you a commission?
No. The code that produces this order reads printed earn rates, point values, annual fees and caps from our card database — nothing else. It cannot see which cards pay us, because the affiliate file is applied afterwards, only to attach an apply link, and it can never reorder the list.
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
More guides
Every guide on this site is built by the same code from the same card database, so the numbers on one page mean exactly what they mean on another. Jump sideways:
All 70 best-card guides → · Best card for a specific store or bill →