Credit Cards without Foreign Transaction Fees

Which credit cards don't charge you for use abroad?

Most credit cards issued in the UK have a nasty sting in the tail when used overseas, or to make a purchase in a foreign currency. They charge a foreign transaction fee, normally between 2.5% and 3% - meaning you are paying them every time you use your card abroad. But you don't have to!

There are a small selection of cards which don't charge this fee - and we highly recommend getting one - after all it can save you £30 if you spend £1,000 on hotels, car hire, meals and entertainment when you are away - which is far better off in your pocket!

You can also use them for the pre-authorisations required when checking into a hotel, or picking up your rental car, and as all your holiday spend will be in one place it can make budgeting easier. Remember though, that with all these cards hefty interest applies if you don't pay them off in full - so set up a direct debit to make sure you don't miss a payment.

Barclaycard Rewards Visa

• No fees when you use the card abroad, either for withdrawing cash or spending.
• Earn cashback of 0.25% on your spending
• 25.9% APR
• No annual fee

Halifax Clarity Credit Card - no fees abroad or for cash withdrawals but you need a great credit score and don't overuse the cash withdrawal

This is billed as a no fee credit card and it's a good card as long as your credit rating is a great one - they are very stringent. However we have had reports of customers finding their credit limit slashed when they use the free cash withdrawal option. (Withdrawing cash from a credit card is seen as an early warning sign of financial stress and you can find the Halifax automated systems take action!). See the cards summary details at the foot of this page or go to the Halifax Clarity Credit Card website.

Remember - a credit card is not for you if you think you may get into financial difficulties - but these cards may well suit the creditworthy who want a bit of extra flexibility, or are looking to save a few pounds by taking advantages of the features they offer.

Also remember the team at MoneyMaxim are happy to provide assistance if you want to call us!

Credit Card Statutory Data:

Barclaycard Rewards Credit Card Representative Example: 25.9% APR (variable) based on a credit limit of £1200 and purchase rate of 25.9% (variable)

Halifax Clarity Credit Card Representative Example: 19.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.95% p.a. (variable)

This content was last reviewed on 08/11/2023