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Foreign Transaction Credit Cards

Page updated: 6th of November 2018

This page contains a comprehensive and regularly updated guide to the credit cards offering commission-free purchases abroad, also known as 0% foreign transaction fees (FX).

When deciding which 0% FX credit card is suitable for you, it is worth noting that there is a slight difference in the exchange rate offered by Mastercard and Visa. The rates vary from day to day, but on average the rate offered by Mastercard is 0.6% better than that offered by Visa.

Cards featured here include:

If you wish to check your credit score before applying for any of the cards listed, Experian lets you view your credit score for free every month.

It should be noted that by discussing credit and charge cards on this site, we are in effect, acting as a credit broker. Canis Media Ltd, trading as Expert with Points, is authorised and regulated by the Financial Conduct Authority (FCA FRN 792662) to act as a credit broker.

This is a journalistic website, as such, we merely describe different travel related credit card options available to you; it is your responsibility to determine whether these products are suitable for your financial circumstances. Nothing on Expert with Points should be seen as constituting financial advice. Recommendations given, for any financial products, are based on the benefits and perks they offer.

Curve Card

Curve Card

  • 0% FX fee on purchases and cash withdrawals abroad - (0.5% at weekends).
  • Ability to collect reward points or cashback on foreign spending.
  • £5 sign-up bonus.

The Curve Card is not a credit card but rather a payment service like Apple Pay or Android Pay, with the exception of having a physical card for making your purchases. Adding your credit and debit cards to the Curve app allows you to charge payments made with the Curve card to those cards, allowing you slim down your purse or wallet.

Although Curve was initially intended to help people reduce the number of cards they carry, the ability to withdraw £200 per month fee-free (Curve treats cash withdrawals as a purchase) and the 0% FX fee for non-Stirling transactions (0.5% on weekends), makes this an ideal card for those interesting in collecting air mile or hotel reward points.

Full details including how to apply, can be found here

This is not a credit card so there is no-credit-check when applying.

The card requires an accompanying phone app (to select the card you wish to charge). As such this card would not be suitable for readers without a smart-phone.

Conclusion

A great card for those who want to collect air miles, hotel rewards or cashback with their spending. The phone app is simple to use allowing users to quickly switch between their various credit and debit cards.

Full details including how to apply, can be found here

Barclaycard Platinum travel credit card

Barclaycard Platinum travel credit card

  • 0% interest on purchases for 12 months from the date you open your account.
  • No non-sterling transaction fees on your foreign spend and ATM withdrawals until 31 August 2022. After this, the fee returns to 2.99%.
  • No annual fee.

Annual fee: No Annual Fee - 0% FX (until August 2022) - Apply Here.

19.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable).

Eligibility:

  • Are aged 21 or over.
  • Haven't had any Individual Voluntary Agreements, County Court Judgements, and haven't been declared bankrupt in the past six years.
  • Always make payments on time.
  • Have at least four years' experience of managing credit.
  • Have had a permanent UK address for at least three months.
  • Have a personal income of more than £20,000 per annum.
  • Are able to afford repayments on any outstanding credit commitments.

Apply Here

The main benefit of this card is the 0% FX fees. This card give unlimited commission-free purchases abroad. Interestingly this card also offers fee free cash withdrawals abroad. What makes this especially interesting and seperates it from other cards is that whilst the interest for cash withdrawals is calculated daily, it is waived if you pay your statement balance in full and on time.

Beware however that Barclaycard only offer this for a limited time (until August 2022).

Barclaycard doesn’t permit its cardholders to have more than one Barclaycard account (ie. multiple Barclaycard credit cards). The only real exception is where a Barclaycard holder has held a card with a separate card company that has since been taken over by Barclaycard.

Barclaycard has one of the best online accounts for a credit card company that is extremely clear and easy to use.

Conclusion

For new card holders, this is one of the better choices around. There is no fee (for cash withdrawals and purchases), a 12 month interest free purchase period and an extremely good online account. The only thing to watch is that the 0% FX period for this card ends in 2022.

Apply Here

Post Office Platinum Credit Card

Post Office Platinum Credit Card

  • No fee to use anywhere worldwide (interest charges apply).
  • Buy Post Office Travel Money with no fee.
  • No annual fee.
  • 0% on purchases for 28 months.

Annual fee: No Annual Fee - 0% FX - Buy Post Office Travel Money with no fee - Apply Here.

18.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable).

0% on purchases for 28 months.

Apply Here

Although this card does not offer fee free cash withdrawals abroad, you can avoid fees when using it to pre-purchase your travel money through the Post Office.

Combined with the 0% on purchases for the first 28 months of card membership, this card allows you to manage your travel finances with ease.

Conclusion

The Post Office Platinum Credit Card has a fairly long 0% deal on purchases. Although there is a fee for withdrawing cash abroad, the card does allow you to pre-purchase your travel money from the Post Office, without paying any fees.

Apply Here

Halifax Clarity Credit Card

Halifax Clarity Credit Card

  • No fee to use anywhere worldwide (interest charges apply).
  • No cash withdrawal fee abroad (interest charges apply and some ATM providers may charge a fee).
  • No annual fee.

Annual fee: No Annual Fee - 0% FX - No Fee on cash withdrawals abroad - Apply Here.

18.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable).

Apply Here

What is great about the Halifax Clarity card, is the fact that there are no fees when you withdraw cash abroad. The only thing to be aware of is that the interest for cash withdrawals is charged daily. In the age of internet banking, it is possible to avoid these interest charges by paying the card off in full on same day as making the cash withdrawal. Although the interest for purchases is calculated monthly, payments to your card count against the oldest balance first.

ie. If you spend $100 on a purchase, before visiting an ATM and withdrawing $50. You would need to pay $150 to clear your cash withdrawal and avoid interest charges. A payment of $50 would count against the $100 purchase (as this was put on the card first) leaving your $50 cash withdrawal to accumulate interest.

If you are only using the card for purchases abroad, then you do not need to worry about paying your card off early.

If you would consider connecting to free public Wi-Fi for the purpose of internet banking when abroad, then it is worth taking a look at the Expert with Points article on browsing the internet abroad safely.

Conclusion

The Halifax Clarity Credit Card is an extremely popular 0% FX card. What makes this card special is the ability to withdraw cash fee free. Although the interest on cash withdrawals is calculated daily, a little common sense, makes it possible to avoid these charges all together.

Apply Here

Nationwide Select Credit Card

Tandem Travel Cashback Credit Card

  • No foreign transaction fees.
  • 0.5% cashback on all your purchases - both at home and abroad.
  • No card fee.

Annual fee: No Annual Fee, - - 0% FX - - 0.5% Cashback on purchase both at home and abroad - Apply Here.

18.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable).

This card makes an excellent secondary card due to the 0.5% cashback on all spending. Combined with its 0% FX fees, this is probably the best travel credit card available at the moment!

Eligibility: The minimum income for this card is extremely low at £13,000.

Apply Here

The main benefit of this card is the cashback rate of 0.5% on all spending (both at home and abroad) and the 0% FX fees. This card gives unlimited commission-free purchases abroad.

As such, this is probably the best travel credit card available at the moment and makes a good alternative to an American Express.

The card also offers no fee on cash withdrawals abroad (although it does start charging interest immediately for these).

Conclusion

With the interchange fee capped at 0.3% and this card paying 0.5% cashback, the offer from this card is clearly financially unsustainable. As Tandem is relatively new, relaunching in January 2018 (it lost its license due to its investor pulling out in March 2017), the likelihood is that the perks of this card are simply a way of luring new customers who will likely take out other Tandem products when they launch in the future.

All in all however, the sustainability is irrelevant for the time being. The card is offering 0% FX fees and the ability to collect 0.5% cashback on all spending (both at home and abroad). As such, this card makes an excellent travel companion and alternative to American Express. Especially since Lloyds stopped accepting customers online for its Avios card and it is only a matter of time before that card is closed completely.

Apply Here

This card has a minimum income requirement, however this is low at £13,000.

This card offers and interest rate of 18.9% per year (variable, representative) for both purchases and cash withdrawals. Your final interest rate may be higher based on your individual circumstances.

You can earn 0.5% on every purchase above £1 at home and abroad.

There are no fees for making purchases abroad. Interest will still be charged as normal.

You'll be charged interest from the day you withdraw cash in the UK and abroad. In the UK you will also be charged a fee of 2.5% or £2.50 (whichever is higher). There are no fees for withdrawing cash abroad.

There is a £12 fee if you make a late payment, or your payment fails.

Conclusion

With the interchange fee capped at 0.3% and this card paying 0.5% cashback, the offer from this card are clearly financially unsustainable. As Tandem is relatively new, relaunching in January 2018 (it lost its license due to its investor pulling out in March 2017), the likelihood is that the perks of this card are simply a way of luring new customers who will likely take out other Tandem products when they launch in the future.

All in all however, the sustainability is irrelevant for the time being. The card is offering 0% FX fees and the ability to collect 0.5% cashback on all spending (both at home and abroad). As such, this card makes an excellent travel companion and alternative to American Express. Especially since Lloyds stopped accepting customers online for its Avios card and it is only a matter of time before that card is closed completely.

Apply Here

Aqua Credit Cards

Aqua Credit Cards

  • No fee on purchases worldwide (interest charges apply).
  • Two cards to choose from: The Rewards card offering 0.5% cashback or the Advance card offering a rate reduction to 19.9% APR.
  • No annual fee.

Annual fee: No Annual Fee for both cards - 0% FX - Apply Here.

34.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 34.9% p.a. (variable).

Apply Here

These cards are aimed at people with a poor credit rating so most will find they are accepted. That said, initial credit limits are low (between £250-£1200).

Conclusion

Aqua is a card company that targets consumers with a poor credit rating. Both the Reward and the Advance cards offer 0% FX fees. Both, however, charge for cash withdrawals abroad. If you are struggling to get accepted for other cards or have a poor credit rating, then the Aqua cards are an excellent option to consider.

Apply Here

B Credit Card

B Credit Cards

  • No fee on non-Stirling transactions (interest charges apply)
  • No annual fee.

Annual fee: No Annual Fee - 0% FX - Apply Here.

9.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 9.9% p.a. (variable).

Apply Here

This card has a relatively low-interest rate, 0% FX fees and a 0% balance transfer fee. The main benefit of this card comes from the accompanying app which allows you to manage your account and track your spending from your phone or tablet.

Conclusion

Although the B Credit Card offers a low APR of 9.9%, cash withdrawals abroad will incur a fee. The main perk of this card comes from the accompanying app. As such, this card is probably best suited for those who preferred managing their card accounts from their phone or tablet.

Apply Here

Creation Everyday Credit Card

Creation Everyday Credit Card

  • No fee to use anywhere worldwide (interest charges apply).
  • No cash withdrawal fee at home and abroad (interest charges apply and some ATM providers may charge a fee).
  • No annual fee.

Annual fee: No Annual Fee - 0% FX - No Fee on cash withdrawals at home and abroad - Apply Here.

12.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 12.9% p.a. (variable).

Apply Here

The Creation Everyday Credit Card has no fees when you withdraw cash abroad. The only thing to be aware of is that the interest for cash withdrawals is charged daily. In the age of internet banking, it is possible to avoid these interest charges by paying the card off in full on same day as making the cash withdrawal. Although the interest for purchases is calculated monthly, payments to your card count against the oldest balance first.

ie. If you spend $100 on a purchase, before visiting an ATM and withdrawing $50. You would need to pay $150 to clear your cash withdrawal and avoid interest charges. A payment of $50 would count against the $100 purchase (as this was put on the card first) leaving your $50 cash withdrawal to accumulate interest.

If you are only using the card for purchases abroad, then you do not need to worry about paying your card off early.

If you would consider connecting to free public Wi-Fi for the purpose of internet banking when abroad, then it is worth taking a look at the Expert with Points article on browsing the internet abroad safely.

Conclusion

This card is very similar to the Halifax card, with the main difference being a lower interest rate and fee free cash withdrawals at home. No fees for cash withdrawals is a great perk that is not offered by many of the 0% FX cards. It is also worth noting however, that Creation has a very limited, extremely basic online account system. Especially when compared to other contenders on the market.

Apply Here

Nationwide Select Credit Card

Nationwide Select Credit Card

  • Unlimited commission-free purchases abroad with a Nationwide Select Credit Card.
  • 0.25% cashback on all your sterling purchases.
  • No card fee.

Annual fee: No Annual Fee, - - 0% FX - - 0.25% Cashback on all your sterling purchases - Apply Here.

15.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable).

This card makes an excellent secondary card due to the 0.25% cashback on UK spending and 0% FX fees.

Eligibility: To apply for this card, you must be a "main" current account holder with Nationwide. Realistically this means that you would qualify for the account, even if you were to only open the free FlexDirect account and then left it dormant.

Apply Here

The main benefit of this card is the 0% FX fees. This card give unlimited commission-free purchases abroad.

Second to this, the 0.25% cashback rate makes this a sensible backup card to an American Express.

Registering for Nationwide "Simply Rewards" offers further opportunities to substantially increase the cashback earnt by spending at selected stores.

Conclusion

All in all, this card makes an excellent travel companion and secondary card to an American Express.

Apply Here

To apply for the Nationwide Select Credit Card you must be a main current account member, this means you either:

  • Hold a FlexOne, FlexStudent, FlexDirect or FlexPlus account - if you choose to hold a free account (ie. FlexDirect) you can leave this dormant and still qualify!

or

  • Hold a FlexAccount and:
    • have been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else); or
    • completed an account switch to Nationwide (from a non-Nationwide account) using the Current Account Switch Team in the last 4 months.
    • In order to earn cashback you must remain a main current account member. All credit cards are subject to status. You must be 18 or over.

Conclusion

All in all, this card makes an excellent travel companion and secondary card to an American Express.

Apply Here

Santander Zero Credit Card

Santander Zero Credit Card

  • No fee to use anywhere worldwide (interest charges apply).
  • No cash withdrawal fee abroad (interest charges apply and some ATM providers may charge a fee).
  • No annual fee.
  • Cashback through “Retail Offers”

Annual fee: No Annual Fee - 0% FX - No Fee on cash withdrawals abroad - Apply Here.

18.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable).

Apply Here

Like the Halifax Clarity Card and the Creation Everyday Credit Card, the Santander Zero Credit card also has no fees when you withdraw cash at home or abroad. The only thing to be aware of is that the interest for cash withdrawals is charged daily. In the age of internet banking, it is possible to avoid these interest charges by paying the card off in full on same day as making the cash withdrawal. Although the interest for purchases is calculated monthly, payments to your card count against the oldest balance first.

ie. If you spend $100 on a purchase, before visiting an ATM and withdrawing $50. You would need to pay $150 to clear your cash withdrawal and avoid interest charges. A payment of $50 would count against the $100 purchase (as this was put on the card first) leaving your $50 cash withdrawal to accumulate interest.

If you are only using the card for purchases abroad, then you do not need to worry about paying your card off early.

If you would consider connecting to free public Wi-Fi for the purpose of internet banking when abroad, then it is worth taking a look at the Expert with Points article on browsing the internet abroad safely.

Conclusion

This card is very similar to the Creation Everyday Card with the main difference being a higher interest rate and the ability of collecting cashback at selected retailers through “Retail Offers”. This ability to gain a small amount of cashback, combined with the no fees for cash withdrawals makes the Santander Zero Card one of the better 0%FX cards available.

Apply Here

Saga Platinum Credit Card

Saga Platinum Credit Card

  • No fee on purchases worldwide (interest charges apply)
  • Up to 55 days interest-free cash withdrawal.
  • 5% discount on-board Saga cruise ships
  • No annual fee.

Annual fee: No Annual Fee - 0% FX - Apply Here.

11.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 11.9% p.a. (variable).

Apply Here

The card offers a couple of interesting perks alongside 0% Foreign Currency Fees for purchases abroad. Most notable is the ability for up to 55-day interest-free cash withdrawals (in the UK) and 5% discount on board Saga cruise ships.

This card has a minimum age of 50 and a minimum annual income of £12,000.

Conclusion

The Saga Platinum Credit Card is great for older readers who would utilise the 5% discount on-board Saga cruise ships. Most, however, would benefit more from one of the other 0% FX fee cards.

Apply Here


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It should be noted that by discussing credit and charge cards on this site, we are in effect, acting as a credit broker. Expert with Points Ltd is authorised and regulated by the Financial Conduct Authority (FCA FRN 792662) to act as a credit broker.

This is a journalistic website, as such, we merely describe different travel related credit card options available to you; it is your responsibility to determine whether these products are suitable for your financial circumstances. Nothing on Expert with Points should be seen as constituting financial advice. Recommendations given, for any financial products, are based on the benefits and perks they offer.


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Ross Slater

Dr Ross Slater

Ross is Expert with Points' main contributor. Sharing his knowledge of various travel reward schemes, to help your travelling go further.

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