Best Business Cards With No Foreign Transaction Fees

Foreign transaction fees are just one of several annoying travel fees that can be added to your purchases when you use a credit card to pay overseas. Thankfully, many business credit cards waive these fees, which may be just what you need if your business frequently travels abroad.

The best business credit cards can also earn rewards for business-related purchases and offer various perks and benefits.

Here are some of our top choices for business credit cards with no foreign transaction fees.

Top business credit cards with no foreign transaction fees

Best for flexible travel rewards

Cardholder rating

4.2

Bankrate score

4.1

Bankrate review

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Recommended credit score:670 – 850

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on Chase‘s secure site

See Rates & Fees

20.24% – 26.24% Variable

Reward Details

• 3XEarn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
• 1XEarn 1 point per $1 on all other purchases – with no limit to the amount you can earn

Bankrate’s view

This card’s best feature is its flexible rewards through the Chase Ultimate Rewards portal. You can transfer these points to Chase transfer partners and get 25 percent more value for your points when you redeem them through the Chase Travel℠ portal.
For the card’s modest annual fee, you can get a massive welcome bonus (worth $1,250 in travel when you redeem through Chase Ultimate Rewards) and earn boosted rates on up to $150,000 spent each year on numerous categories (then 1X). You’ll also receive trip cancellation and interruption insurance, purchase protection, extended warranty, cellphone protection and other cardholder perks.

Pros

• This card has a generous elevated welcome bonus for a modest annual fee.
• Points can be combined with other Ultimate Rewards cards for additional value.

Cons

• The spending requirement for the welcome bonus is high and may be difficult to achieve.
• Yearly caps on bonus categories may limit larger-spending businesses.

Card Details

• Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠

• Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases

• Round-the-clock monitoring for unusual credit card purchases

• With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.

• Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open

• Points are worth 25% more when you redeem for travel through Chase Travel℠

• Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

• Member FDIC

Best for bonus categories

Cardholder rating

4.4

Bankrate score

5.0

Bankrate review

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Recommended credit score:Good to Excellent

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on American Express‘s secure site

See Rates & Fees, Terms Apply

18.49% – 27.49% Variable

Reward Details

• 4XEarn 4X Membership Rewards® points on the top two eligible categories where your business spends the most each month from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.*
• 3XEarn 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.*
• 1X1X is earned for other purchases. **

Bankrate’s view

While this card has a recently raised annual fee of $375, it stands out among reward-earning business cards thanks to its flexible and powerful reward categories. You can also get a solid welcome offer to boost your Membership Rewards balance and earn high rewards on select categories.

You can combine these flexible travel points with any Membership Rewards-earning business or personal card and transfer them to any American Express transfer partner. The monthly flexible business credit can help offset your annual fee while providing a powerhouse for reward earnings.

Pros

• The reward rates structure offers great flexibility for business owners who can plan their spending accordingly.
• The ability to transfer to Membership Rewards travel partners provides potential for outsized value when redeeming points.

Cons

• While the card has no set credit limit, bonus earnings in the top categories have an annual cap of $150,000 which can limit some businesses.
• The annual fee was increased recently to $375 without a significant increase in value.

Card Details

• Welcome Offer: Earn 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*

• 0% Intro APR ¤ for 6 months from the date of account opening on purchases eligible for Pay Over Time, then a 18.49% to 27.49% variable APR.*

• Earn 4X Membership Rewards® points on the top two eligible categories where your business spends the most each month from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.*

• Earn 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.*

• Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.*

• Get up to a $12.95** statement credit back each month after you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. **Up to $12.95 plus applicable taxes on one membership fee.*

• The Business Gold Card comes in three metal designs: Gold, Rose Gold and White Gold. Make your selection when you apply on Americanexpress.com.

• *Terms Apply

Best for flat-rate cash back

Cardholder rating

4.1

Bankrate score

4.7

Bankrate review

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Recommended credit score:740 – 850

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on Capital One‘s secure site

See Rates & Fees

Reward Details

• 2%2% cash back on every purchase
• 5%5% cash back on hotels and rental cars booked through Capital One’s travel booking site

Bankrate’s view

The Capital One Spark Cash Plus is a top flat-rate cash back option for business cards, offering 2 percent cash back on all purchases. This is ideal for business owners who prefer simplicity or primarily spend outside traditional bonus categories. The lack of foreign transaction fees (See Rates & Fees) also keeps things simple abroad.

Pros

• The annual fee waiver makes this card an excellent choice for higher-spending businesses.
• Since this is a charge card, there is no preset sending limit.

Cons

• There are no bonus categories to boost earnings.
• You’ll need to pay in full monthly to avoid penalty fees.

Card Details

• Earn a one-time cash bonus of $2,000 once you spend $30,000 in the first 3 months

• Earn an additional $2,000 cash bonus for every $500K spent during the first year. You can earn this bonus multiple times over the course of year 1!

• Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions

• Enjoy purchasing power that adapts to your business. The Spark Cash Plus card has no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history, credit profile and other factors

• Earn unlimited 5% cash back on hotels and rental cars booked through Capital One’s travel booking site

• Empower your teams to make business purchases while you earn rewards from their transactions with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease

• $150 annual fee – Spend $150,000 annually and Capital One will refund this fee every year

• Spark Cash Plus has no APR because your balance is due in full every month

• For businesses that need large spending capacity and want to maximize cash back

Earn 150,000 points + $500 statement credit

More information about this limited time offer

Earn 150,000 points + $500 statement credit

18.49% – 27.49% Variable

Reward Details

• 5XEarn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
• 1.5XEarn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
• 1XEarn 1X points on other eligible purchases.

Bankrate’s view

While its rewards rates aren’t great, The Business Platinum Card® from American Express offers an excellent laundry list of perks, which include an up to $200 airline fee credit with a select airline each year, airline lounge membership, a fee credit for Global Entry or TSA PreCheck membership, shopping credits with Dell, wireless credits, elite status with multiple programs and much more.

Pros

• The value of the card’s numerous perks and credits can far outweigh the high annual fee.
• This card offers elite status with many programs and has one of the most comprehensive offerings for lounge access.

Cons

• The $695 annual fee is very high and can be difficult if you don’t travel enough to take advantage of the travel benefits.
• The card likely isn’t worth it unless you maximize most benefits.

Card Details

• Limited Time Travel Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.

• The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 10/2024.

• Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required.

• Fly like a pro with a $200 Airline Fee Credit. Select one qualifying airline to receive up to $200 back per year on baggage fees and other incidentals.

• NEW! Make the Business Platinum Card® work even harder for you. Hilton For Business members get up to $200 back per calendar year when you make an eligible purchase at Hilton properties across the globe. Benefit enrollment required.

• Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com. 1X points on other eligible purchases.

• Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.

• $199 CLEAR® Plus Credit: Use your card and get up to $199 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card®.

• $695 Annual Fee.

• Terms Apply.

Best for fair credit

Bankrate score

3.9

Bankrate review

Bankrate review

Recommended credit score:580 – 740

Reward Details

• 1%Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions.
• 5%Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel

Bankrate’s view

If you only have fair credit but need a business credit card for your travels, this card is more accessible than many other top options. You’ll also earn a flat 1 percent cash back on all purchases and 5 percent back on hotels and rental cars booked through Capital One, which is solid for a credit-building card.

While better cards come with superior benefits, the Spark Classic for Business can be a practical choice to help build your business credit while working towards better cards.

Pros

• This card offers a solid reward rate for a credit-building business card.
• It comes with several business accounting tools that can help keep your business organized.

Cons

• The card has mediocre earning rates when compared to cards with greater credit requirements.
• There are no intro offers to help consolidate your debt or make large purchases.

Best for no annual fee

Bankrate score

3.9

Bankrate review

Bankrate review

Recommended credit score:740 – 850

17.49% – 27.49% Variable APR on purchases and balance transfers

Reward Details

• 1.5XEarn unlimited 1.5 points for every $1 spent.

Bankrate’s view

With this card, you earn a respectable flat rate of 1.5X points on all other purchases you can redeem on travel for maximum value. 

The card also combines a decent welcome bonus and intro APR offer on purchases, which adds significant up-front value to a no-annual-fee card. This can help cover larger purchases for your business while providing breathing room for repayment and a decent return on spending.

Pros

• The welcome offer and intro APR offer great day-one value for a no-annual-fee card.
• Earning rates can be as high as 2.625 percent if you have Preferred Rewards status, which is the highest unlimited flat rate available on a card

Cons

• You can only receive maximum point value when you redeem your points on travel.
• There are no bonus categories to boost earnings on specific purchases.

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Comparing the best business credit cards with no foreign transaction fees

Business credit cards with no foreign transaction fees can offer rewards for spending and other perks like annual statement credits or airport lounge access. To find the best business card, consider your business needs and the rewards and benefits you want the most.

How to choose the best business credit cards with no foreign transaction fees

Many business credit cards come with no foreign transaction fees, so there are other card aspects you’ll want to consider when choosing a business credit card. Here’s what you should take into account when comparing your options.

Find rewards that fit your spending and travel

If you typically spend in specific categories month-over-month, look for cards that offer bonuses on those expenses. You’ll also want to make sure those cards provide the same bonuses while abroad. For example, many American Express cards only offer rewards on U.S.-based spending, meaning you won’t earn a bonus if you spend in that same category while abroad.

Consider benefits and welcome bonuses

Make sure the cards you choose offer benefits you can use, whether that includes airport lounge access, or statement credits for business-related services or expenses. If you’re considering a business credit card with a high annual fee, ensure the perks and benefits offer enough value to justify the fee.

Compare rates and fees

Business cards with no foreign transaction fee can range from no annual cost to over $300 each year, and there can be significant variety in the fee structure and APR rates. Select a card with fees favorable to your needs, especially if the annual fee is high.

Difference between foreign transaction fees and currency conversion fees

While foreign transaction fees and currency conversion fees both occur after purchases abroad, they are very different fees.

Foreign transaction fees

Foreign transaction fees are assessed on purchases you make with your credit card outside of the United States.. Depending on the card issuer, these fees can range between 2.7 to 3 percent of the purchase amount. For example, if your credit card charges a 3 percent foreign transaction fee on a $100 purchase, you would see an additional $3 charge for that purchase on your credit card statement. This fee can apply even if you’re shopping in the U.S. but the vendor is from outside the country, which is more common with online shopping.

Currency conversion fees

Merchants charge currency conversion fees for converting a purchase into U.S. dollars before making the transaction. While these fees vary, they are typically at least 1 percent of the purchase amount. You may end up paying foreign transaction fees on top of these fees if you use the wrong card. For instance, if you buy an item that costs 100 euros, you may see an option to convert it to U.S. dollars marked up to $115.

Local currency is almost always the better payment option for reducing costs. Currency exchange rate apps can help you compare other currencies to U.S. dollars to see when you are losing value with a currency conversion fee. When possible, advise merchants that you wish to pay in local currency, as they may charge you by default in U.S. dollars.

What’s next?

Check out the resources below to view currency rates and find a card that matches your travel needs.

The bottom line

Business credit cards with no foreign transaction fees can help business owners avoid overpaying for purchases abroad. Many of these cards offer excellent spending rewards and numerous benefits and perks.

That said, the right business credit card will differ for every business owner. Not having foreign transaction fees is becoming a standard feature on credit cards, so it shouldn’t be a deciding factor in choosing a card. Consider all aspects of a business credit card before making your decision.

*The information about the Capital One® Spark® Classic for Business and Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Bankrate. The card details have not been reviewed or approved by the issuer.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

For rates and fees of the American Express® Business Gold Card, please click here.
For rates and fees of the Business Platinum Card from American Express, please click here.

Frequently asked questions

• Which issuer has the best currency exchange rates?
  

  If all other factors — such as rewards or other fees — are similar, you’ll typically get more favorable exchange rates with Mastercard. Visa and American Express are a bit more expensive than Mastercard.

  Learn more: Visa vs. Mastercard: Which card is better for your wallet?

• Will issuers waive foreign transaction fees?
  

  While credit card issuers aren’t required to do so, if you feel you paid a foreign transaction fee accidentally — paying for an online transaction in a foreign currency, for example — you may get a one-time exception if you call and plead your case.

• Can any credit card be used internationally?
  

  While Visa and Mastercard are accepted virtually worldwide, American Express and Discover are accepted on a more limited basis. Always check whether the credit card will work abroad where you travel. It’s a good habit to carry more than one type of business card when you travel if your first option isn’t accepted.