What’s the Best Business Credit Card with No Foreign Transaction Fee?

When conducting international business, foreign transaction fees can add up. That’s where a business credit card with no foreign transaction fee can help.

You could save money by using a card that waives foreign transaction fees. And earn credit card rewards while doing so.

Let’s look at the best business credit cards with no foreign transaction fee in the US.

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Top Picks for US Business Credit Cards with No Foreign Transaction Fee

Here are the top business credits with no foreign transaction fee.

Most of these cards are premium business travel credit cards. That means you’ll need to have a business credit score in the range of “Good” to “Excellent” to qualify.

📝 Quick Overview
Chase Ink Business Preferred® Credit Card American Express® Business Gold Card Capital One® Spark® Miles for Business The Business Platinum Card® from American Express Capital One® Spark® Cash for Business Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

Chase Ink Business Preferred® Credit Card

The Chase Ink Business Preferred Credit Card offers generous travel rewards as well as strong point earning on a wide range of bonus spending categories.

This makes it great for businesses wanting to earn points across a wide range of purchase categories, while paying an annual fee of $95 USD.¹

The card comes with the following rewards and perks:

• Zero foreign transaction fees
• Earn 3 points per dollar on your first $150,000 USD spent per anniversary year in these categories: shipping purchases, advertising purchases made with social media sites or search engines, internet, cable and phone services, and travel
• Earn 5 points per dollar on Lyft rides (offer ends March 2025)
• Earn 1 point per dollar on all other eligible purchases
• Redeem points for travel purchases through Chase Ultimate Rewards for 25% more value (1.25 cents per point)
• Issue employee cards for free and set spending limits
• Includes travel and purchase coverage¹

The Ink Business Preferred card has a typical welcome bonus of 100,000 points after spending $8,000 USD within the first 3 months. If you redeem these points for travel through Chase Ultimate Rewards, that translates to $1,250 USD.¹

Chase Ultimate Rewards are one of the most valuable point currencies. You can redeem them for a range of purchases, as well as transfer them to hotel and airline partners.

When applying for a Chase Business card, you’ll need to make sure you comply with the 5/24 rule. The 5/24 rule stipulates that Chase will deny your application if you’ve opened 5 or more cards with any card provider within the last 24 months. Luckily, Chase Business cards won’t add to your 5/24 count once you’re approved for them.

American Express® Business Gold Card

The American Express® Business Gold Card offers the flexibility to earn more points in the categories you spend the most on each month. It also offers business statement credits, as well as robust rewards for travel.

For an annual fee of $295 USD (see rates and fees), the Amex Business Gold Card gives you the ability to more than offset this fee.²

The card offers the following perks and rewards rates:

• Zero foreign transaction fees
• Earn 4 points per dollar on the top 2 eligible categories you spend the most on per billing cycle (on up to $150,000 USD in combined purchases; earn 1 point per dollar thereafter)*
• Earn 1 point per dollar on all other eligible purchases
• Earn 3 points per dollar on prepaid flights and hotels booked through amextravel.com
• Book a minimum stay of two nights through The Hotel Collection with American Express Travel and get a $100 USD experience credit at participating properties as well as a room upgrade upon check-in (subject to availability)
• Enjoy a flexible $240 USD annual statement credit for US purchases made at FedEx, Grubhub, and Office Supply Stores (issued in $20 USD monthly increments)
• Enjoy a $155 annual Walmart+ membership statement credit (issued in $12.95 monthly increments)
• Pay an annual fee of $50 USD for the first employee card and issue up to 99 free cards thereafter (from 2/1/2024, you’ll pay an annual fee of $95 USD for the first 5 employee cards and $95 USD per extra cad thereafter)
• Enjoy expense management tools, such as the ability to connect to QuickBooks²

_* Eligible categories include purchases at US media providers for advertising online, on TV and radio; monthly wireless telephone service charges made directly from US wireless telephone service providers; purchases made at US gas stations; transit purchases including trains, ferries, tolls, parking, taxicabs, rideshare services, subway and buses; purchases made at US electronic goods retailers and software & cloud system providers; purchases made at US restaurants, including takeout and delivery_²

The card has a welcome bonus of typically 70,000 bonus points after spending $10,000 USD on your card within the first 3 months.²

You can redeem Membership Rewards for a variety of purchases, as well as transfer them to hotel and airline partners.

Capital One® Spark® Miles for Business

The Capital One® Spark® Miles for Business Card earns an unlimited 2 miles per dollar spent on every purchase, as well as some travel perks.

For an annual fee of $95 USD, which is waived in the first year, the card offers significant value.³

Here’s what you’ll get:

• Zero foreign transaction fees
• Earn an unlimited 2 miles per dollar on every business purchase
• Enjoy two complimentary annual visits to Capital One Lounges
• Receive a $100 USD statement credit for a Global Entry or TSA PreCheck application fee
• Issue free employee cards and set spending limits
• Connect to QuickBooks to sync purchases³

The card has a typical welcome bonus in the range of 50,000 bonus miles after spending $4,500 USD within the first 3 months.³

This card is suited to those wishing to earn miles on a wide variety of purchase categories. It's also suited to those wanting complimentary travel perks. For example, the card offers a statement credit for TSA PreCheck or Global Entry, as well as access to Capital One Lounges.

The Business Platinum Card® from American Express

The Business Platinum Card® from American Express offers some of the most luxurious travel perks, as well as extensive travel protections.

With an annual fee of $695 USD (see rates and fees), the card’s not the cheapest option.⁴ But with so many perks and rewards, offsetting the annual fee is easy.

Here’s what the card has to offer:

• Zero foreign transaction fees
• Earn 5 points per dollar on prepaid flights and hotels booked via amextravel.com
• Earn 1.5 points per dollar on key business category purchases as well as on eligible purchases of $5,000 USD or more, on up to $2 million USD per calendar year
• Earn 1 point per dollar on all other eligible purchases
• $400 USD annual statement credit for Dell purchases, issued in semi-annual $200 increments (enrollment required)
• $360 USD annual statement credit for Indeed purchases, issued in quarterly increments of $90 (enrollment required)
• $150 USD annual statement credit for select subscription purchases with Adobe Creative Solutions (enrollment required)
• $120 USD annual statement credit for purchases with US wireless telephone providers, issued in monthly increments of $10 USD (enrollment required)
• Complimentary access to The American Express Global Lounge Collection (1,400+ lounges)
• $189 annual statement credit for Clear Plus membership
• $200 annual statement credit for airline incidental fees (applies to one qualifying airline only)
• Complimentary Marriott Bonvoy Gold Elite Status
• $100 statement credit for Global Entry every four years or $85 for TSA PreCheck application fees every 4.5 years
• Connect to QuickBooks and more
• Issue up to 99 employee cards⁴

The card comes with a welcome bonus normally in the range of 120,000 bonus points after spending $15,000 USD in the first 3 months.⁴

If you’re looking for premium perks, luxury travel benefits and statement credits for business purchases, the Amex Business Platinum card would be a great fit.

Capital One® Spark® Cash for Business

The Capital One Spark 2% Cash Plus Card offers cashback on all purchases, without any foreign transaction fees.

Here’s what the card has to offer:

• Zero foreign transaction fees
• Earn unlimited 2% cashback on all purchases
• Earn 5% cashback on hotels and rental cars booked via Capital One Travel
• Have the $150 USD annual fee refunded every year you spend $150,000 with your card
• Issue free employee cards and set spending limits⁵

The card has a welcome bonus of typically $1,200 USD in cashback after spending $30,000 USD within the first 3 months.

The Spark 2% Cash Plus card offers simple and flexible rewards for business owners, all for an annual fee of $150.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a straightforward travel rewards card. It has no annual fee and no foreign transaction fees.

It offers these perks and rewards:

• Zero foreign transaction fees
• Unlimited 1.5 points per dollar on all eligible purchases
• Earn between 25% to 75% more points per dollar as a Bank of America Preferred Rewards member (up to 2.62 points per dollar)
• Connect to QuickBooks for cash flow management tools
• Travel and emergency services coverage⁶

The card comes with a welcome bonus of approximately 30,000 bonus points after you spend $3,000 USD within the first 3 months.⁶ You can redeem this as a statement credit for either travel or dining purchases.

🔍 Read on for more about:
Wise Business: The World’s Most International Account How to Choose the Best Business Credit Card for International Use FAQ: Your Questions Answered on No Foreign Transaction Fee Cards Conclusion: Which Is the Best Business Credit Card With No Foreign Transaction Fee?

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How to Choose the Best Business Credit Card for International Use

Choosing the best business credit card begins with analyzing your business needs and spending habits.

If you want to use your business credit card abroad or to pay foreign suppliers, you’ll want to select a card that waives foreign transaction fees. These fees quickly add up in extra costs and can cancel out the benefits of point earning.

It’s also crucial to select a credit card that rewards your typical spending categories. The best business cards should offer perks that you’ll actually use. This makes offsetting the annual fee far easier.

For example, if your business spends a lot on technology purchases, having a business card with technology as a bonus spending category will enable you to earn points much faster. Similarly, if you regularly fly across the US for business reasons, a card that offers a TSA PreCheck application fee statement credit would be a perk of significant benefit.

By selecting a card using this method, offsetting annual fees will become easier. This enables you to apply for premium cards that offer more perks and rewards.

The second most important factor in selecting a card is its welcome bonus. Welcome bonuses are one of the most lucrative parts of business travel credit cards. You need to select a card with a welcome bonus that you can earn realistically. You never want to overspend to earn a welcome bonus.

If you apply for a card during a period of high business expenditure, earning its welcome bonus will be far easier. For example, if you know you need to pay for business renovation costs in the upcoming months, applying for a business card so that the welcome bonus spending time frame aligns with this period of high expenditure can be a smart move.

You also want to select a card that earns a rewards currency you can use to fund your purchases.

For instance, if you open a general business travel credit card with Chase, Citi, Capital One or American Express, their points can be used for a wide range of travel purchases, as well as transferred to airline and hotel partners. In contrast, if you open a co-branded airline or hotel card, you’ll only be able to spend your points with the specific airline or hotel.

This is where analyzing your travel and business needs is key to selecting a card that will earn you points to pay for the right purchases.

The last consideration is the annual fee. As long as your return value in rewards and perks is greater than what you pay in annual fees, the card can be of value to your business. This is why it’s key to select a card that aligns with your spending habits, travel and business needs. If you can offset the annual fee, you’ll be able to open premium business travel credit cards, which offer more perks and higher rewards rates.

FAQ: Your Questions Answered on No Foreign Transaction Fee Cards

Let’s look at some common FAQs about business travel credit cards.

What is considered a foreign transaction fee?

A foreign transaction fee is charged by your card provider every time you make a payment in a foreign currency, processed by a foreign bank.

That means you may be charged a foreign transaction fee when using your credit or debit card abroad, as well as when making a payment on a non-US website.

You’ll also be charged a foreign transaction fee even if you make a payment in USD to another country who’s national currency is USD, such as Panama. This is because a foreign bank is still processing your payment.

Why do some credit cards charge foreign transaction fees and others do not?

Whether your card waives or charges foreign transaction fees is a decision made by your bank or card provider.

Certain credit cards offer to waive foreign transaction fees. This is a cardholder benefit and incentive offered by premium business travel rewards credit cards. Other cards charge foreign transaction fees.

How much can I save by using a business credit card with no foreign transaction fee?

The standard foreign transaction fee is in the range of 3%.

That means if you spend $1,000 on your card, that’ll cost you $30 in foreign transaction fees. While that might not sound like much, if you make recurring payments abroad, these fees can add up and eat into your revenue.

By using a business credit card with no foreign transaction fee, you could save a significant amount of money.

Are there credit cards that offer rewards on foreign transactions?

No. There aren’t any business credit cards that include foreign transactions as a bonus spending category.

But if you opt for a business credit card with no foreign transaction fee, you can continue earning on your normal bonus category spending while abroad (depending on your credit card’s terms and conditions).

Conclusion: Which Is the Best Business Credit Card With No Foreign Transaction Fee?

The best business credit card is the one that best suits your business spending, travel goals and needs.

Paying a high annual fee for a range of perks you’ll never use won’t be of benefit to your business. But paying an annual fee in return for double the value in perks and rewards is a win-win.