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Does Chase Ink Have Foreign Transaction Fees? What You Should Know
The Chase Ink business cards are available to businesses looking for certain perks such as cash-back rewards or the collection of Chase Ultimate Rewards points, which can be exchanged for prizes.
In this Chase Ink guide, you’ll learn more about the Chase Ink family of business cards, and whether there are foreign transaction credit card fees associated with this range of cards.
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Chase Ink Foreign Transaction Fees Explained
Chase Ink foreign transaction fees apply whenever you make a purchase in a foreign currency or from a non-U.S. merchant.
Typically, these fees make up around 3% of each transaction and will be added to the total purchase cost. If you’re a frequent traveler or make international payments often, these fees can quickly add up. It’s advisable to opt for a credit card that waives these fees.
Of the Chase Ink business cards, only two of them waive foreign transaction fees: Ink Business Cash and Ink Business Premier.
Overview of Chase Ink Card Foreign Transaction Fees
There are four different business cards that belong to the Chase Ink Business family, all of which can help you earn financial rewards such as cashback and points through your business spending activity. Each of the 4 cards also offers different earning rates.
Ink Business Premier
The Ink Business Premier credit card is available for an annual fee of $195, and has a sign-up bonus where you can earn $1,000 after spending $10,000 on eligible purchases within your first three months of opening the account.
It’s best used as a pay in full card, and you can use it to earn 2.5% cash back on every purchase of $5,000 or more and 2% cash back on other business purchases.¹
There are no foreign transaction fees for using this credit card.
Ink Business Cash
The Ink Business Cash credit card is available for an annual fee of $95 and offers a sign-up bonus where you can earn 90,000 bonus points after spending $8,000 on purchases in the first three months since you opened the account.
You can use this card to earn 5% cash back in certain business categories and get rewards on every business purchase.²
There are no foreign transaction fees.
Ink Business Unlimited
The Ink Business Unlimited credit card is available for free and has a sign-up bonus where you can earn up to $750 total. $350 as bonus cash back after spending $3,000 on purchases in the first three months and an extra $400 if you spend $6,000 in the first six months since opening the account.
You can use this card to get unlimited 1.5% cash back rewards for every purchase.
For foreign transactions, there’s a fee of 3% on each transaction.³
Ink Business Preferred
The Ink Business Preferred credit card is available for free and has a sign-up bonus whereby you can earn $750 back after spending $6,000 in the first three months since the account opening date.
This card is good for earning all types of rewards, and earning 3X points on shipping and certain other business categories.
For foreign transactions, there’s a fee of 3% on each transaction.⁴
Best Practices for Avoiding Chase Foreign Transaction Fees
If you travel a lot for business, it can be a good idea to select one of the two Chase Ink cards that waives the foreign transaction fees: Ink Business Cash and Ink Business Premier.
While they won’t offer the same types of benefits as the other two cards, they’ll ensure that you won’t rack up an unwanted credit card fee bill at the end of a month of traveling with international purchases. Even if you’re planning to pay overseas vendors in their currency, having a no-fee credit card can be an effective money-saving option.
The Easy Way to Manage Business Finances in Multiple Currencies
With a Wise Business account, you can manage international payments without having to worry about foreign transaction fees and unfavorable exchange rates.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to 140+ countries.
Users of Wise Business enjoy:
- No monthly fees
- International payments at the mid-market exchange rate
- QuickBooks integration to track bill payments
- Multiple currency management in one place
- The ability to receive payments like a local with major currency account details
- The option to hold over 40 currencies
Sources used:
¹ Chase
² Chase
³ Chase
⁴ Chase
Sources last checked on 14-March- 2025.
| Editor & Business Expert: | |
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 | Panna is an expert in US business finance, covering topics from invoicing to international expansion. She creates guides and reviews to help businesses save time and make informed decisions. You can read more useful business articles on her author profile. |
| Author: | |
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 | Sam is a UK-based copywriter with 4+ years of experience writing for SaaS and eCommerce brands. He creates comparison guides, informative blog posts, and covers other finance-based topics. |
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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