When traveling abroad, every swipe of your credit card can come with a hidden sting: foreign transaction fees. These charges are usually around 1-3% of every purchase and can quickly add up, leaving you with an unwelcome surprise when you return home.
Fortunately, the solution is simple: get some kind of card with no foreign transaction fees. In this post, I’ll break down why these cards are a game-changer for international travel and why Revolut has become my top recommendation for travelers.
I originally started using it when I lived in London and loved how simple it make buying small things and tapping on and off public transport! It also immediately notifies me after every charge, and categorizes my transactions, so I know what I’m spending and where.
Why Foreign Transaction Fees Are a Travel Buzzkill
Foreign transaction fees are charges that your bank imposes every time you make a purchase in a currency other than your own. Even if the merchant prices in your home currency, “dynamic currency conversion” can inflate costs.
Here’s how they add up:
- Spend $500 shopping in Paris? You might pay an extra $15 in fees.
- Book a €200 dinner in Rome? That’s $6 gone to your bank.
- Over a week-long trip, these small amounts can total $100 or more, depending on your spending.
This might make it harder to enjoy the moments you’ve been saving for!
The Benefits of No-Fee Credit Cards for Travelers
Cards with no foreign transaction fees eliminate this extra cost, making it easier to stick to your travel budget. Many also often come with additional perks tailored to globetrotters:
- Better Exchange Rates: You’ll get market exchange rates rather than tourist-inflated ones.
- Added Security: Credit cards or prepaid cards offer stronger fraud protection than cash or debit cards.
- Rewards Points: Many no-fee cards let you earn travel rewards, cashback, or points.
- Global Acceptance: Credit cards are widely accepted, making them essential for hotels, restaurants, and transportation.
Why I Recommend Revolut
If you’re looking for a modern, travel-friendly financial solution, Revolut is hard to beat. It combines the perks of a no-transaction-fee card with features designed specifically for travelers.
Here’s why Revolut stands out:
- No Foreign Transaction Fees
Revolut lets you spend abroad in over 140 currencies with no hidden fees. The exchange rates are as close to interbank rates as you can get, which means you’re not overpaying on conversions. - Multi-Currency Accounts
With Revolut, you can hold multiple currencies in your account, allowing you to exchange and lock in favorable rates before you travel. - Budgeting Tools
The app provides real-time spending notifications and budgeting tools, so you can keep track of your expenses while on the go. - Built-In Security
Freeze your card instantly if it’s lost or stolen, set spending limits, or enable location-based security for added protection. - Additional Perks:
- Free ATM withdrawals up to a certain limit (depending on your plan).
- Travel insurance add-ons.
- Easy splitting of bills, perfect for group trips.
How to Get Started with Revolut
- Download the App: Available for iOS and Android.
- Sign Up: The process is quick, and there are multiple tiers, from free to premium plans.
- Top Up Your Account: Link your existing bank account or card to add funds.
- Activate Your Card: You’ll receive a virtual card instantly, with the option to order a physical card for added convenience.
Other No-Fee Travel Card Options to Consider
While Revolut is my go-to, other cards can also enhance your travel experience:
- Chase Sapphire Preferred: Great for earning travel rewards and no foreign fees.
- Capital One Venture Rewards: Earn miles on every purchase.
- American Express Platinum: Offers luxury travel benefits like airport lounge access.
Tips for Any Card Abroad
- Choose Local Currency at Checkout: Always opt to pay in the local currency to avoid dynamic currency conversion fees.
- Notify Your Bank: Let your bank or card provider know about your travel dates to avoid flagged transactions.
- Keep a Backup: Carry a second card or some cash in case of emergencies.
Final Thoughts
Traveling with a card that has no foreign transaction fees is an absolute must for anyone heading abroad. It saves money, offers convenience, and gives you peace of mind.
For travelers looking for an all-in-one solution, Revolut takes the stress out of international spending with its smart features, unbeatable rates, and intuitive app. It’s my go-to choice—and it might just become yours too.
Do you use a no-transaction-fee card when traveling? Share your experiences or recommendations in the comments below!
This post may include affiliate links. If you purchase through them, I may earn a small commission at no extra cost to you. Thank you for supporting Cupcake and Carry-On!
