0% Foreign Fees Credit Cards

Information verified correct on August 25th, 2016
foreign currency

Access your money overseas without paying extra charges and fees by choosing the right credit card.

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 August 25th, 2016.

Bankwest More Platinum MasterCard

Interest-free period changed from 55 days to 44 days.

June 21st, 2016

Bankwest Qantas Platinum MasterCard

Interest-free period changed from 55 to 44 days.

June 21st, 2016

Bankwest Breeze Platinum MasterCard

New offer of $0 annual fee in the first year + a low ongoing purchase rate of 8.99% p.a.

August 1st, 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
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 Breeze Platinum MasterCard
Enjoy no foreign transaction fees on online and overseas purchases, complimentary travel insurance, a low ongoing purchase rate and $0 annual fee for the first year. Limited time only.
0% of transaction value $0 $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
Bankwest Qantas Platinum MasterCard
Receive 50,000 introductory bonus Qantas Points. New customers only. Minimum spend, terms and conditions apply.
0% of transaction value $0 $160 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
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

How 0% foreign fee credit cards can save you money - What you need to know to choose the right card

  • Currency conversion fees. Most credit cards charge 2-3% for converting currency. Outstanding offers will charge 0% for currency conversion.
  • Overseas ATM withdrawal fees. Typically a percentage of the total cash advance amount or a set charge for withdrawing cash overseas. Competitive cards will provide $0 fees for overseas withdrawals to access your cash. It is important to note unless you have loaded your account in credit, you will be charged the cash advance interest rate. Choosing a card which doesn’t charge for international ATM withdrawals can allow you to avoid this charge.
  • 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.

How does foreign currency conversion work?

When you make a purchase/ transaction in a foreign currency, this amount must be converted to Australian Dollars (AUD).

What exchange rate will I receive?

You will receive the exchange rate set by MasterCard, VISA or American Express. Depending on which credit card network your bank is using, the conversion process can vary. The following diagram explains how Australian credit cards convert currency:

currency conversion for mastercard amex and visa

  • MasterCard and American Express. All transactions made in a currency other than United States Dollars (USD) will be converted to USD before it is converted to AUD.
  • VISA. Transactions made in the following currencies will be converted directly to Australian Dollars (AUD):
    • United States Dollars (USD)
    • Canadian Dollars
    • New Zealand Dollars
    • Singapore Dollars
    • Pounds Sterling
    • Euros
    • Japanese Yen

As a result if the Australian Dollar is not favourable against the United States Dollar, using a VISA credit card may incur less currency conversion fees.

Is there a calculator to find out how much foreign currency I will receive when converting my money?

  • MasterCard. Provide a currency conversion calculator. Simply select your settlement date, base currency (AUD) and MasterCard will show you the daily exchange rates.
  • VISA. Also provide a currency conversion calculator. Select the country which your credit card was issued from, the currency which you require and VISA will provide you with the daily exchange rates.
  • American Express. Unfortunately American Express have not released a currency conversion calculator at this point of time.

What is ‘Dynamic Currency Conversion’?

Dynamic Currency Conversion (DCC) allows you to pay directly with AUD at the point of sale, instead of converting the foreign currency. If you have travelled overseas you may have been offered the choice of paying in the local currency or in Australian Dollars. By choosing to pay directly with Australian Dollars you will attract the DCC fee. Learn more about Dynamic Currency Conversion.

  • How much is the DCC? The DCC ranges from 3-10%.
  • Is it a good idea to use DCC overseas? If the Australian Dollar has improved significantly against the foreign currency, you may still save money after incurring the DCC fee.

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 August 25th, 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
    Flight Centre Key to the World Currency Card
    Flight Centre Key to the World Currency Card
    AUD, USD, SGD, NZD, JPY, THB, GBP, EUR, HKD, CAD 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 1.1% of the total amount $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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    123 Responses to 0% Foreign Fees Credit Cards

    1. Default Gravatar
      kim | August 16, 2016

      I have a smart salary meal entertainment card.l intend to use it in malaysia, is there a transaction fee and conversion fee?

      • Staff
        May | August 16, 2016

        Hi Kim,

        Thanks for your comment.

        Unfortunately, as we do not have information on the financial institution that backed your salary meal entertainment card, I’m afraid we’re unable to check if transaction and conversion fees are applicable to your card.

        Cheers,
        May

    2. Default Gravatar
      Anthony | August 5, 2016

      Hi, I’m looking at your foreign currency international fee free cards and noted that you had not included Coles Rewards card. Have you missed this card or have I not understood what the coles rewards credit card actually offers

      • Staff
        Anndy | August 5, 2016

        Hi Anthony,

        Thanks for your question.

        The credit cards featured above are those with no foreign currency conversion and overseas ATM fees. While Coles Rewards MasterCard does not charge foreign currency conversion fees, it charges $4 on overseas ATM withdrawals.

        Cheers,
        Anndy

    3. 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

    4. 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

    5. 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

    6. 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

    7. 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

    8. 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

    9. 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

    10. 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

    Credit Cards Comparison

    Rates last updated August 25th, 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
    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
    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
    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

    * 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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