Today, Credit Monkey released an inventory of the Best No Foreign Exchange Fee Credit Cards, aiming to help global travelers save money as the greenback remains puny over US debt concerns. World travelers have long had to pay charges for their card transactions that occur outside the U. S. Foreign exchange charges sometimes range from 2 to 3 p.c., with 1 percent going to the Visa card processor (Visa, Mastercard, Amex) and the other 1 to 2% going to the issuing bank. 
These fees can actually add up, and if the card owner hasn't taken them under consideration, the fees will put them out of their travel budget.
“Between a foreign language and unfamiliar currency systems, there's lots for travelers to consider when they make purchases,” says Charles Tran, founder of CreditDonkey “The last thing they'd like to have to do is make calculations to establish how much additional they will have to pay in costs. But if they don't think about those charges, the traveler could find themselves one or two hundred dollars over budget when it is time to pay their credit card bill.”. Fortunately, with the aid of these foreign transaction fee-free cards, purchasers are now ready to travel without the foreign transaction charge burden, making it simpler to adhere to their personal and business travel budgets :.
- The Business Platinum Cardreg ; – Designed for the business traveler, this American Express card not only saves the company from foreign transaction fees but also provides advantages like up to $200 credit to cover airline charge incidentals and a 20% travel bonus when the card-owner redeems Membership Rewardsreg ; Pay with Points. Card-owners also receive other premium American Express benefits like complimentary access to airfield club lounges, concierge service and the Business Platinum Auto Rental program, making the $450 yearly charge well worth the investment.
- The Platinum Cardreg ; – This Amex card is perfect for the world traveler ; with no foreign exchange charge, cardholders enjoy a complimentary companion flight fare with their first qualifying world ticket, up to $200 in airline charge credits, and a 25,000 rewards point bonus for spending $1,000 in the first 3 months of card membership. The card features a $450 yearly charge but card owners also will gain access to top-of-the-line concierge service which will help make their travels easy.
- Chase Sapphire Preferred – This card is perfect for the traveler who is intending to expand their travel rewards. Not only are they escaping foreign exchange charges but they also receive great rewards benefits like a 7% annual points dividends on all points earned in the year, including those that have recently been redeemed. Card-owners also receive a fifty thousand points bonus when they spend $3,000 in the first 3 months of account opening, which more than pays for the $95 yearly fee.
- Citi ThankYou Premier – Another excellent choice for private travels, Citi’s ThankYou Premier Card has no foreign transaction charges on purchases, provides an annual complimentary domestic companion ticket, and provides points for flight ticket miles paid for with the card.
Cardholders do have a $125 annual fee, but with ThankYou rewards points and a fifty thousand points bonus after the 1st $2,000 in purchases inside three months of account opening, the card pays for itself.
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Between the bonus points and their regular points accrual, they may be able to add cash back to their wallets.”. And Tran reminds consumers that a yearly fee shouldn't necessarily be a deal killer. 
