A variety of credit cards carry a surtax that is then imposed on the cardholder while they are making purchases while visiting places out side of the United States. If you are someone that travels quit frequently, this credit card will definitely impact you as this surtax is called the foreign transaction fee, these charges can accumulate very quickly. However they are some credit cards with no foreign transaction fee and also assist the card holder in making the travel foreign faster, more affordable and much more convenient.
The credit cards without a foreign transaction fee, may help you build a relation as well as saving money in the long run and most of them are accompanied by rewards similar to that of the bonus points and cash back.
For every dollar spent on travel and dinners at restaurants, this card will earn you two points each time and then one point on every dollar on all the purchases that are made with the Chase Sapphire Preferred Credit Card. The points earned can then be redeemed at a 1:1 ratio. 50,000 bonus points are rewarded when $4,000 is spent within the first three months of having the account opened, $625.00 is the value associated with the 50,000 points.
20,000 bonus miles are awarded when the first $1,000.00 on purchases are made within the first three months. This is a total dollar value of $200.00, redeemable in travel. There are more that 12 travel loyalty programs to which the miles can be transferred to. 1.25 miles are earned on every purchase, everyday, plus 10 miles when you use any one of the thousands of hotels available.
The Discover It Cash Back credit card earns an unlimited 1 percent cash back on all purchases automatically. 5 percent is earned at a quarterly rate from gas stations, restaurants and grocery stores. At the end of the first year for new account holders your cash back rewards will be matched by Discover It.
If you spend $2,000.00 within the first three months of opening an account for the credit card, 125,000 bonus points will be earned, if $15,000.00 is spent within a calendar year, a weekend night is the earned reward. As the card is provided by Hilton, complimentary Hilton Honors Gold status is automatic, 10 Priority Pass airport lounge passes are provided each year to every credit card holder.
This card is not designed for the casual traveler, is has an annual fee of $450 which is a turn off for persons not travelling professionally, but if you can afford it, by all means. Spend $3000.00 within the first three months you will earn 40,000 bonus miles plus 10,000 medallion qualifying miles. The card offers an annual bonus of 15,000 bonus miles and an additional 15,000 MQMs when you spend $30,000 on your credit card in anyone calendar year and then another additional 15,000 bonus miles and 15,000 MQMs when you spend a minimum of $60,000 in one year.
Before selecting a credit card with no foreign transaction fee, it would be sensible to first determine which card best suits your needs offers the benefits and rewards that best suit your lifestyle.