Travelers can avoid costly foreign transaction fees by choosing the right credit card. Many cards offer no foreign transaction fees while also providing valuable rewards and benefits. For instance, the American Express® Gold Card is excellent for dining and groceries, offering 4x points at restaurants and supermarkets, plus other perks like Uber Cash and dining credits. However, it comes with a $250 annual fee and may not be widely accepted internationally. For business expenses, the Ink Business Preferred® Credit Card offers a substantial sign-up bonus and 3x points on travel and select business categories, but also carries an annual fee. The Chase Sapphire Preferred® Card is ideal for beginners, offering flexible travel rewards and no foreign transaction fees. For those preferring simplicity, the Capital One Venture Rewards Credit Card provides a flat 2x miles on all purchases. The Capital One QuicksilverOne Cash Rewards Credit Card is suitable for those with fair credit, offering 1.5% cash back on every purchase, though it has a high APR. The Citi Premier Card is great for gas station rewards, offering 3x points on gas, dining, and travel. Lastly, the Capital One Quicksilver Cash Rewards Credit Card offers 1.5% cash back on all purchases with no foreign transaction fees and no annual fee.
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