If you're planning to travel abroad, understanding credit card foreign transaction fees is crucial. These fees typically range from 2% to 3% on purchases made outside of the U.S., which can add up quickly when booking hotels or dining out. To avoid these charges, consider travel rewards credit cards, which are specifically designed for international use. Notable options include the Capital One VentureOne Rewards Card, which offers miles and points on travel without any foreign transaction or annual fees. Additionally, the Hilton Honors American Express Card and the Marriott Bonvoy Bold Chase Card also come with no annual fees and no foreign transaction fees. Major issuers like Capital One and Discover have a range of cards that do not impose these fees. To find the right card for your needs, start by checking your credit score and using tools like Bankrate to match your spending habits with suitable credit card options. For more insights and exclusive deals, sign up for the Rossen Reports newsletter.
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