No Foreign Transaction Fee Credit Cards | Comparison

No Foreign Transaction Fee Credit Cards

Compare credit cards that don’t charge the typical 2-3% foreign transaction fee when shopping overseas or transacting with overseas online retailers.

47 reviews
No foreign transaction fees on purchases when travelling or shopping online.
Free Global Wi-Fi at more than 1 million hotspots worldwide.
$0 annual fee.
foreign exchange fee
overseas ATM balance fee
overseas ATM withdrawal fee
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No foreign transaction fees on purchases when travelling or shopping online.
Free Global Wi-Fi at more than 1 million hotspots worldwide.
$0 annual fee.
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$0
$4 or 3%, whichever is greater
No annual fee.
2.99% p.a. for 9 months on balances transferred.
No foreign transaction fees and complimentary international credit card travel insurance.
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$4
75,000 annual bonus points when you spend $48,000 on eligible purchases in the year.
Earn up to 2 pts per $1 spent on eligible purchases.
No foreign transaction fees and complimentary international credit card travel insurance.
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$4
115,000 annual bonus points when you spend $84,000 on eligible purchases in the year.
Earn up to 2.5 pts per $1 spent on eligible purchases.
Enjoy ten airport lounge passes per year with LoungeKey.
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$4
A low-interest rate of 9.90% p.a. on purchases.
0% p.a. for 6 months on balance transfers.
No annual fee for the first year ($99 p.a. thereafter).
New customers. Limited time. Fees & charges, T&Cs apply.
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$4
Take off with 75,000 bonus Velocity Points, if you spend $2,500 on eligible purchases in the first 3 months of approval.
A complimentary return economy domestic flight operated by Virgin Australia, each year until the card is cancelled (Terms and conditions apply).
Two complimentary single entry Virgin Australia lounge passes each year (terms and conditions apply).
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Westpac Lite Mastercard®
Low ongoing purchase rate of 9.90% p.a.
Keep your credit under control with credit limits between $500 and $4,000.
No fees for foreign transactions or missed payments.
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Q&As about No Foreign Transaction Fee Credit Cards from customers

What is the foreign transaction fee?

The foreign transaction fee is a fee that some banks apply to each individual purchase made where the purchase is made overseas, i.e. outside Australia. The fee itself is typically worked out as a percentage of the purchase. It is usually around 2-3%.

If I am not overseas, does the foreign transaction fee still apply?

It depends. If you are shopping from a UK online store while in Australia, then you will be charged a foreign transaction fee unless you are using a credit card with no foreign transaction fee. If you are on an overseas holiday and use a credit card that does have a foreign transaction fee, then you will be charged for any foreign transactions made while abroad. So, it really depends on the card you have.

It’s important to note that if you are purchasing something overseas or buying from an overseas ecommerce store, you may still be charged a foreign exchange fee.

Is the foreign transaction fee the same thing as the foreign exchange fee?

No. These are two separate fees. Not all banks charge both.

  • The foreign transaction fee is levied on transactions that originate overseas.
  • The foreign exchange fee applies to transactions that are billed in a foreign currency, e.g. GBP, USD, EUR, etc.

Check what you would be charged for either because it is possible that a no foreign transaction fee card may still charge a foreign currency exchange fee.

Even if a no foreign transaction fee card did charge a foreign exchange fee, it would still be cheaper than a card that levied fees on both.

Does the foreign transaction fee cost more than the foreign exchange fee?

No, it generally doesn’t. Typically foreign transactions are charged a flat fee of 1-3% on the total purchase. The foreign exchange fee is typically in the range of 3%, although this varies from bank to bank.

Are there any other foreign fees?

Yes, unfortunately there are.

  • Overseas ATM Balance Fee: Charged every time you check your credit card’s balance using an ATM while overseas.
  • Overseas ATM Withdrawal Fee: Charged every time you withdraw cash from your credit card account from an ATM while overseas.
  • Overseas Cash Advance Fee: Charged every time you withdraw cash from your credit card account while overseas (in addition to the base cash advance rate).
  • Overseas Emergency Card Replacement Fee: Charged if you request a replacement credit card if lost or stolen while overseas.

What would I be charged to withdraw a cash advance from an overseas ATM using my credit card?

This works out to be extremely expensive and should be avoided unless absolutely necessary.

  • Overseas ATM Fee: Typically around $5 per withdrawal, unless you are using an ATM with which your bank has an alliance with.
  • Cash Advance Rate: The base rate of interest for cash advances would be applied, which is typically around 22%.
  • Overseas Cash Advance Fee: Charged in addition to the base cash advance rate.
  • Foreign Exchange Fee: Because you probably will not be able to withdraw AUD.
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