![]() ![]() And these days, those no foreign transaction fee credit cards are plentiful … even within Chase. What you want is a no foreign transaction fee credit card. If you’re a global traveler, or if you regularly purchase items online from overseas sellers, you have better options for a credit card than the Chase Freedom card. So, there’s more money out of your pocket for no reason. It’s hard to say how much money the average American spends shopping at online sites overseas, but an online transaction at an overseas retailer is subject to Chase Freedom’s foreign transaction fee as well. Every day, the average Americans spends almost two hours shopping online, according to, and in 2019 online retail sales globally are expected to top $3 trillion. Thanks to the Internet, we can now buy goods and services online all over the world. The Chase Freedom foreign transaction fee applied across that cost means you’re paying an extra $137 for no reason, just for that one trip.Īnd it’s not just physical travel we’re talking about here. CreditDonkey reported last year that the average cost of a family holiday overseas is about $4,580. While that might not sound like much, the fee can really add up. dollars% of the price of whatever you purchase – hotel rooms, meals, transportation, souvenirs, whatever. Whip out your Chase Freedom card to pay for your expenses while you’re outside the U.S., and Chase will ding you with pay a foreign transaction fee equal to 3% of each transaction in U.S. The world is a much-smaller place these days, and people are hopping on airplanes in record numbers to venture about the world, even if it’s something as quick and simple as a long-weekend in the Caribbean. ![]() The Chase Freedom foreign transaction fee is not an insignificant matter. Taken as a whole, those are some prime benefits in the world of credit cards.īut, as I said, there is that one, glaring issue with the Chase Freedom Card… 0% interest rate for first 15 months after account opening on all purchases and balance transfers (though you will pay a fee of as much as 3% of the value of the balance that you transfer).Cash back rewards never expire, and you can redeem the cash at any time, regardless of amount.Categories for the third and fourth quarters have not yet been announced. Through June, the bonus category is grocery stores and home-improvement stores. Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cashback on all other purchases.$ 150 cash-back sign up bonus after spending just $500 on the card in the first 3 months – a whopping 30% cash-back bonus. ![]() Let’s start by laying out what are some pretty awesome benefits associated with this card: How To Choose The Right No Foreign Transaction Fee Credit CardĪnd is that fee worth paying in order to have the Chase Freedom card in your wallet.Other Credit Cards with No Foreign Transaction Fee.Which Chase Cards Offer No Foreign Transaction Fee?.However, Chase Freedom comes with one glaring question mark: It imposes foreign transaction fees on purchases made outside the U.S.īut Just how big a hindrance is the Chase Freedom foreign transaction fee to what is, otherwise, an excellent credit card? The card offers respectable sign-up bonuses, and it allows you to earn some pretty nice rewards for your spending. Without doubt, the Chase Freedom card is one best cash back reward credit cards you can apply for these days. ![]()
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