![]() ![]() If you’re spending with a debit card, the amount you spend when you’re abroad will be converted back to dollars, and then this, plus the foreign transaction fee, will be deducted from your account. How do foreign transaction fees work?įoreign transaction fees are percentage fees added to the amount you pay when you spend in a foreign currency. Not all credit and debit cards use foreign transaction fees – but they’re pretty common, and they can push up the costs of spending overseas without you even realising it. These charges are added when you spend with a merchant overseas, when you’re on a foreign holiday and make an ATM withdrawal, or when you spend with a card online, and pay in a currency other than dollars. HSBC: 99 AUD annual fee, with no foreign transaction fees and some travel perksĪ foreign transaction fee is an extra percentage charge that’s added to your overall bill whenever you spend with your credit or debit in a foreign currency.Westpac: Low interest rate card with no foreign transaction fee – ATM withdrawals not available.Latitude: No annual fee and no foreign transaction fee to pay – charges apply if you use an ATM, but the card also offers benefits if your flights are delayed.Revolut : Pick the account that suits your spending, and get free currency conversion to plan limits.W ise: Spend in 170+ countries with mid-market rate currency conversion and no ongoing fees.Key points: best travel cards with no foreign transaction fees ![]() Different options suit different preferences and needs – to help you pick, this guide walks through no foreign transaction fee cards from well known Australian banks, and some top low cost alternatives like the Wise card and the Revolut card. Whenever you’re spending in a foreign currency – whether that’s when you travel overseas or when you shop with an online retailer based abroad – it’s useful to know your options to spend and make cash withdrawals internationally without hefty foreign transaction fees.Īustralian customers can generally pick from international debit or prepaid cards, or travel credit cards which have features designed for ease of use overseas. Best travel cards with no foreign transaction fees? Check out this list
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