0% Foreign Fees Credit Cards

Information verified correct on July 26th, 2016
foreign currency

Access your money overseas without paying extra charges and fees by choosing the right credit card. After all, who wants to pay foreign currency conversion fees and international transaction fees if you can avoid them?

Using your credit card can be a very handy way of paying when you’re holidaying overseas. However, foreign transaction fees, international ATM charges and cash advance fees can leave a big hole in your holiday budget. Choosing a card that doesn’t charge those fees leaves you with extra money to enjoy your trip. It’s also useful if you want to shop online using overseas sites.

Use the tables below to compare cards that don’t charge foreign currency conversion fees or international ATM fees, and learn more about travel money expenses and how to minimise them.

Comparison of No Foreign Currency Exchange Fee Credit Cards

Rates last updated July 26th, 2016.

Coles Rewards Mastercard

20,000 bonus Reward points offer valid until 30 June 2016.

June 1st, 2016

Bankwest Qantas Platinum MasterCard

Interest-free period changed from 55 to 44 days.

June 21st, 2016

Bankwest Qantas Platinum MasterCard

Interest-free period changed from 55 to 44 days.

June 21st, 2016

View latest updates

Jonathan Choi Jonathan
Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee Annual fee
Bankwest Zero Platinum MasterCard
Complimentary travel insurance & 24/7 concierge service and $0 foreign transaction fees.
0% of transaction value $0 $0 p.a. Go to site More info
Coles Rewards Mastercard
Earn 2 flybuys point for every $1 spent and no foreign transaction fees for online purchases and overseas trips.
0% of transaction value $4 $89 p.a. Go to site More info
28 Degrees Platinum MasterCard
No foreign transaction fees on international purchases including international purchases online, together with a no annual fee.
0% of transaction value $0 $0 p.a. Go to site More info
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases and receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
0% of transaction value $225 p.a. Go to site More info
Bankwest Qantas Platinum MasterCard
Earn 8,000 bonus Qantas Points. No fees on foreign transactions and enjoy free travel and accident insurance.
0% of transaction value $0 $160 p.a. Go to site More info
Bankwest Breeze Platinum MasterCard
Enjoy no foreign transaction fees on online and overseas purchases, complimentary travel insurance and enjoy 5% cash back* (up to $300) on eligible purchases. Terms and conditions apply.
0% of transaction value $0 $99 p.a. Go to site More info
Coles Rewards Platinum Mastercard
Enjoy 2 flybuys points for every $1 spent and pay a low annual fee.
0% of transaction value $4 $89 p.a. Go to site More info
Bankwest More Platinum Mastercard
No fees on overseas ATM withdrawal, no foreign transaction fees and earn 28,000 bonus More Reward Points.
0% of transaction value $0 $130 p.a. Go to site More info
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What fees will you be charged when you use your credit card overseas?

  • Foreign currency conversion fees: If you use your card overseas, foreign currency conversion fees are likely to be your biggest expense. Typically, you’ll be charged between 2% and 3% of the transaction value when you make a payment in a currency other than Australian dollars. A handful of cards impose a separate overseas transaction charge as well as a conversion fee. For regular travellers and online shoppers, the savings from a card that doesn’t charge currency conversion fees can quickly mount up.
  • ATM fees Using an ATM overseas will almost always incur a charge, whether you’re withdrawing from your own debit account or taking a cash advance from your card. With typical fees around $5 per withdrawal, this can make using an ATM expensive. Choosing a card which doesn’t charge for international ATM withdrawals can help. Some major Australian banks have “global alliance partners” that allow Australians to withdraw money from international ATMs without incurring a fee. Even with a fee-free card, watch out for ATMs which charge their own separate withdrawal fee (a common problem with non-bank convenience store ATMs).
  • International cash advance fees Cash advances from your credit card are an expensive way to withdraw money, since they’ll start attracting interest immediately. For international transactions, they may also attract an additional separate fee, either as a fixed amount (typically $1-$10) or as a percentage of the transaction value. Avoid cash advances on your credit card when travelling unless it’s a genuine emergency.
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How to choose the right 0% foreign fee credit card

  • Check all applicable fees Even if a card doesn’t charge a foreign currency conversion fee, it may charge an overseas transaction fee or a fee for international cash advances. Also look at the annual fee for the card; on 0% cards, this is often higher than regular cards.
  • What’s the interest rate on purchases? If you’re using your card to make overseas purchases but won’t be paying back your balance in full each month, you’ll need to take the purchase rate into consideration.
  • Are there other travel benefits? Some cards offer additional travel benefits, such as complimentary travel insurance when you purchase your trip on your card, or bonus frequent flyer points.

Prepaid travel money cards – Secure your currency

If you don’t qualify for a credit card or don’t want to risk running up extra interest bills, a prepaid travel card still gives you the convenience of paying with plastic and loading your funds before you leave.

ANZ Travel Card

ANZ Travel Card

The ANZ Travel Card is a prepaid card that can be loaded with up to 10 foreign currencies to make purchases overseas at over 36 million locations.

  • Lock in your exchange rates and know how much money you have to spend
  • No transaction fees for electronic purchases in Australia and overseas
  • Multiple reload options - online, over the phone or in person
  • Manage your money online or over phone 24/7
  • Spare card if in case one is lost or stolen

    Compare Prepaid Travel Money Cards

    Rates last updated July 26th, 2016
    Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
    ANZ Travel Card
    ANZ Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, AUD 3.50, CAD 3.00, EUR 2.20, GBP 2.00, HKD 20.00, JPY 260, NZD 4.50, SGD 4.00, THB 95, USD 2.50 1.1% of the value purchased $0 Go to site More
    NAB Traveller Card
    NAB Traveller Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $0 per withdrawal on international ATMs and $3.75 per withdrawal at any Australian ATMs $0 $0 Go to site More
    Multi Currency Cash Passport
    Multi Currency Cash Passport
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD USD 2.50 EUR 2.50 GBP 2.00 NZD 3.50 THB 80.00 CAD 3.50 HKD 18.00 JPY 260.00 SGD 3.50 AUD 3.50 $0 $0 Go to site More
    Travelex Travel Card
    Travelex Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD Travelex does not charge an ATM withdrawal fee when you use your Travelex Multi-currency Cash Passport to withdraw currencies that are loaded on the card at overseas ATMs where MasterCard is accepted. The greater of 1.1% of the initial load / reload amount or AU$15.00 $0 Go to site More

    You can learn more about prepaid travel money in our guide

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    119 Responses to 0% Foreign Fees Credit Cards

    1. Default Gravatar
      Justine | April 6, 2016

      I am interested in your opinion of best credit card where the following points are relevant to me:
      I pay off the balance every month.
      I like to use for international transactions.
      I would like to earn high miles.
      I am attracted to the special deals of getting a lot of Qantas FF miles with a new credit card.
      Unfortunately it doesn’t seem that you can have all – either the foreign transaction fees are high, or you have no fees and no miles. In the US – my platinum premier credit card has no fee and accumulates points which can be used for cash back or miles (but not with Qantas).

      • Staff
        Sally | April 6, 2016

        Hi Justine,

        Thanks for your question.

        As a financial comparison service, we can’t recommend any specific products as the ‘best’ option will depend on your individual circumstances.

        You can start by comparing Qantas Frequent Flyer credit cards here. You can also look at frequent flyer credit cards with no foreign transaction fees here.

        That is correct though, you can rarely get a card that has both a rewards program and $0 foreign transaction fees. Instead, you need to consider how you’ll be using the card and which feature offers you the most value.

        I hope this has helped.

        Cheers,

        Sally

    2. Default Gravatar
      Den | March 28, 2016

      Will I be able to use my BOQ Debit card in Cuba?

      • Staff
        Sally | March 31, 2016

        Hi Den,

        Thanks for your question.

        This might depend on what type of card you have. MasterCard and Visa are both accepted in Cuba, but it’s largely a cash society, so you’ll need access to an ATM to withdraw funds.

        Depending on what type of card you have, you might incur currency conversion fees when you try to use your Australian dollars to pay in Cuban peso or Cuban convertible peso.

        If so, you might want to consider using a debit card that charges low or no foreign transaction fees when travelling overseas.

        For more travel money tips for your holiday to Cuba, please see our Cuba Travel Money Guide.

        I hope this has helped.

        Cheers,

        Sally

    3. Default Gravatar
      Sid | March 24, 2016

      Hi
      I want to use my Australian HSBC credit card in Singapore for my stay. Can you please let me know what fee will I be paying.
      Also is it better to use Hsbc credit card or debit card.
      Thanks
      Sid

      • Staff
        Debbie | March 24, 2016

        Hi Sid,

        Thanks for your inquiry.

        Please note that you’ve come through finder.com.au, an online comparison service and we’re not in the position to recommend specific card issuers, products or services.

        For HSBC Credit Card, a foreign conversion fee of 3% of the transaction value applies and there is also an overseas ATM withdrawal fee of $4.50.

        If you are considering debit card for your travel, you may wish to check what are the things to consider on using debit card on your next trip.

        You can also compare the differences of credit card and debit card here.

        I hope this helps.

        Cheers,
        Debbie

    4. Default Gravatar
      Kim | January 17, 2016

      Hi, we have the coles platinum mastercard. It says there are no international transaction fees but it doesn’t mention the currency conversion fee. I just called them and of course I get an overseas call centre, who tells me that there is no currency conversion fees but I can’t locate those words. Do you know if this card charges a currency conversion fee? Many thanks.

      • Staff
        Ally | January 20, 2016

        Hi Kim,

        Thanks for reaching out.

        Foreign currency conversion fees and international transaction fees are just about the same.
        The Coles Platinum card doesn’t charge any.

        For your reference, you may read through our Coles Platinum review page here.

        I hope this has helped.

        Cheers,
        Ally

    5. Default Gravatar
      Jennifer | December 28, 2015

      With some change occurring in Cuban US relations can you please supply very current information re card use in Cuba? We usually travel with a 28 degrees MasterCard and QANTAS travel card. From research neither appear usable in Cuba. Any assistance would be much appreciated.

      • Staff
        Sally | January 4, 2016

        Hi Jennifer,

        Thanks for your question.

        You should be able to use a Visa or MasterCard issued in Australia so long as it’s not affiliated with a US bank (for example, American Express, Westpac, ANZ, Commonwealth Bank and 28 degrees as they’re all associated with US General Electric). Please note that you’ll have trouble finding an Australian travel card (such as the Qantas travel card) that’ll work in Cuba.

        I hope this has helped.

        Cheers,

        Sally

    6. Default Gravatar
      denice | November 26, 2015

      I am going to use my Australian credit card for a purchase of 16000 in one transaction in Thailand. What would the international fee cost be approximately please

      • Staff
        Sally | November 26, 2015

        Hi Denice,

        The fees you will incur will vary depending on the card you’re using.

        If you could please confirm the card you’re using, we could provide you with a more specific response.

        Otherwise, the fees you can look out for are the foreign transaction fees and currency conversion fees.

        Please keep in mind that many credit cards have a daily transaction limit, so you may not be able to spend $16,000 within one transaction or one day.

        If you have any more specific enquiries, you may need to get in touch with your credit card issuer.

        Cheers,

        Sally

    7. Default Gravatar
      georgebl | October 29, 2015

      We will be travelling to Usa/Canada/Europe/UK and Hong Kong next year over a 3 month period
      we need a card that covers travel insurance and of course has low or minimal fees Also is there a site for finding out which banks/credit unions have Alliances or partnerships with other large international banks,so hoping to get zero international ATM fees

      • Staff
        Jonathan | October 30, 2015

        Hi Georgebl, thanks for your question!

        You can compare credit cards that cover international travel insurance here and credit cards with no overseas ATM withdrawal fees on this page.

        Cheers,

        Jonathan

    8. Default Gravatar
      damo | October 19, 2015

      IM JUST WONDERING WHAT THE BEST CREDIT CARD WOULD BE?

      I NEED:

      -0% ON INTERNATIONAL PURCHASES
      -IF POSSIBLE COMPLEMENTARY TRAVEL INSURANCE
      - EXTENDED INTEREST FREE ON PURCHASES(MINIMUM 6 MONTHS)

      THANKS

    9. Default Gravatar
      Peter | September 8, 2015

      I am looking for a credit card that will charge me no transaction fee for overseas cash withdrawals, as well as a credit card that will work in both Thailand and Laos.

      • Staff
        Sally | September 9, 2015

        Hi Peter,

        Thanks for your inquiry.

        If you scroll all the way up on this page and look more closely, you’ll see that there’s a comparison table for cards that don’t charge international transaction fees just right below the subtitle “Comparison of No Foreign Currency Exchange Fee Credit Cards”. You might also want to take a look at our “No Annual Fee Credit Cards with No Foreign Transaction Fees” page here.

        As for your query on which card to bring in Thailand/Laos, kindly see our “Travel Money Guide: South-East Asia” page here and our “Travel Money Guide: Thailand” page here.

        I hope this has helped.

        Thanks,

        Sally

    10. Default Gravatar
      Jack | August 5, 2015

      How can I find out what exchange rate (not the conversion fee) my credit card provider uses on overseas credit card purchases and which providers use the most favourable rates (e.g. visa or american express?)

      • Staff
        Jonathan | August 6, 2015

        Hi Jack, thanks for your inquiry!

        Please refer to the links I have sent to your email for the exchange rates for MasterCard and Visa.

        Cheers,

        Jonathan

    Credit Cards Comparison

    Rates last updated July 26th, 2016
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    Virgin Australia Velocity Flyer Card - Balance Transfer Offer
    Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
    20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
    American Express Essential Credit Card
    Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
    14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
    Citi Qantas Signature Credit Card
    Earn up to 70,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
    20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
    ME Bank frank Credit Card
    Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
    9.99% p.a. $0 p.a. Go to site More info

    * The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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