Some retailers allow you to pay in your own currency, and you can also exchange cash at a currency exchange kiosk. If you’re planning a trip abroad and you don’t have a credit card with no foreign transaction fees, consider giving the Capital One Quicksilver card a spot in your wallet. While the Chase Freedom card charges a 3% foreign transaction fee on all purchases made in a different currency in another country, the Capital One Quicksilver completely waives this common fee. The Capital One Quicksilver foreign transaction fee is $0. Rather, they offer you a less favorable exchange rate than the real exchange rate you see on Wise, and pocket the difference. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. ... Capital One® Quicksilver® Cash Rewards Credit Card. Currency exchange businesses don’t charge you a fee for exchanging your currency. Extended Warranty. Capital One Quicksilver Fees The card’s fees are in line with other credit cards, but travelers will appreciate that there are no foreign transaction fees. Keep an eye on Wise, because they have another great offer coming out soon. Bank of America® Travel Rewards credit card. The Capital One Quicksilver Cash Rewards Credit Card has no annual fee and no foreign transaction fees and feature. Capital One doesn’t charge foreign transaction fees, so this is one charge you won’t need to worry about with an account or card from this bank. We have the best listed for you here! Read review. Most cash rewards cards without an annual fee still charge a foreign transaction fee. CreditWise From Capital One. The Capital One Quicksilver doesn’t charge foreign transaction fees, while the Chase Freedom Unlimited charges a 3% fee when you swipe abroad. The Capital One Platinum also has no foreign transaction fee and a $0 annual fee. Other cards for all rewards How to cancel a credit card? Enjoy your travels! World travelers can move freely, without worrying about how they’re going to get local cash at a fair rate. An ATM is the wrong machine to trust with your currency conversion. Which card earns or saves the most? FinanceBuzz has partnered with CardRatings for our coverage of credit card products. There’s the “buy” value, which is the price you can buy a currency at. That’s because there are plenty of great credit cards that don’t have any foreign transaction fees, including the Capital One Quicksilver credit card. You’ll get 1.5% cash back rewards on every purchase, every day in addition to an early spend bonus. With Quicksilver, you won’t pay foreign transaction fees when making purchases outside the United States. But they’re not the only fee to be aware of. And that can happen with the wrong credit card. Who doesn’t love a vacation to a new country? Welcome Bonus: $200 cash bonus after you spend the first $500 on purchases in the first 3 months. One can’t-miss way to avoid the entire hassle is to use a Wise Borderless account. Capital One® Quicksilver® Cash Rewards Credit Card. FinanceBuzz.com does not make any credit decisions. Lots of straight up cash back cards similar to the Quicksilver from other banks do have foreign transaction fees. Terms apply, see rates & fees. That means you can get cash locally, whether you’re in the US, UK, Australia, or anywhere in the European Union. You can see some other charges you may face in the sections above, and checking terms and conditions will likely help, too. 1.5% cash back on all purchases. If you want to start using a new card for an upcoming trip, this is a great option. Benefit: With the Capital One QuickSilverOne Cash Rewards Credit Card, your benefits include emergency card services, fraud coverage and MasterCard identity theft protection. Wise is releasing a Mastercard debit card. But wise travelers know to be careful with ATMs. For me, living abroad most of the year, this is the major selling point on all of Capital One’s credit cards, and one of the reasons it makes for a good rewards credit card for expats and travelers. You’ll get additional warranty protection at no charge on eligible items that are … Good to Excellent. The Wise currency converter gives you the fair exchange rate, their multi-currency account lets you get cash for the optimal exchange rate, and the soon-to-be-released Wise debit card lets you make purchases directly from your borderless account with no cash withdrawal required. Add to compare. The Capital One Quicksilver is a no-fee cash back card that earns 1.5% on every purchase. And that’s great news for you, because foreign transaction fees will usually add an extra 1%-3% to every purchase you make. 7. You ... Capital One Quicksilver Cash Rewards Credit Card, 1.5% cash back on every purchase, every day. No Foreign Transaction Fees. It’s a great deal for them, not you. You won’t have to pay any bank fees, and your cash will be exchanged at the mid-market rate. And will it affect your credit score? That makes this a great card to use when traveling, especially when you consider additional benefits such as travel accident insurance, concierge service, and travel assistance services. It’s better to spend your money on skis, not fees. Intro offer. For frequent travelers, the Capital One Quicksilver is the clear winner when it comes to these two cards. See how Robinhood works, what are its main features, pros and cons, how much it costs, and much more! The first thing to watch out for is how you receive your payout. Here’s a breakdown of costs you may run into when using your Capital One credit card. It also doesn’t charge a foreign transaction fee, making it a perfect travel companion if you’re planning a trip abroad. Plus, Capital One can provide you with a virtual credit card number that you can use for online shopping, so you don’t have to disclose your actual card number to merchants. FinanceBuzz is reader-supported. The Capital One Quicksilver card is a great choice for someone … Best “Chip & PIN” Card to Use in Europe. Let’s dive in. And it’s a Mastercard, so you won’t have trouble finding merchants that accept it. 6. Do you have a TCF account and need to send and receive an international wire? TCF Bank international wire transfer: everything you need to know, Capital One Quicksilver Credit Card Foreign Transaction Fees. This includes Eno, the Capital One Virtual Assistant that's available 24/7 to answer questions and that monitors your card to provide you with alerts, as well as Tap to Pay. You can find the real exchange rate of a currency pair by searching it on Google, or by using Wise’s helpful currency converter. Banks charge an unfavorable rate and pocket more of your money that way. Annual Fee. We have not included all available products or offers. You can do this ahead of time at a local bank, at a kiosk at the airport, or a currency exchange business in the city in which you arrive. The Capital One Quicksilver Credit Card has no annual fee and offers a flat 1.5% cash back on every purchase you make, plus a $150 cash bonus for new cardholders after only $500 in spending. Pay no annual fee or foreign transaction fees; Rates and Fees. The Capital One Quicksilver does not charge foreign transaction fees. See our full review of the Capital One Quicksilver. Here you can find all the information you need. What’s more, you’ll continue to earn an 1.5% cash back rewards on every purchase, every day, which can help you save up for your next globetrotting experience. The ideal credit card for travelers abroad is one that doesn’t include a foreign transaction fee. Find out in this article. They can also apply to online or phone purchases made through internationally located … Who this card is right for.   You pay no annual fee or foreign transaction fee, and earn cash back on your purchases. 6 Things to Do If You Want to Buy Your First House. However, it may charge a fee of $2 plus 3% of the transaction amount for non-360 products when you withdraw from an ATM abroad. This article breaks down the Capital One Quicksilver card, it’s rewards and fees (including foreign transaction fees), and then offers pointers about foreign currency exchange. That’s because there’s a $0 annual fee to offset, and the rewards are straightforward, flexible, and never expire. The Capital One Quicksilver Cash Rewards Credit Card also offers a one-time $200 cash bonus to new cardmembers after you spend $500 on purchases within the first three months of opening the card. 6,456 Reviews. We may receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Points. Ultimately, you are responsible for your financial decisions. It will allow you to pay out in local currencies (no charge), withdraw up to $250 every day for up to 30 days (also no charge), exchange money at the real exchange rate, and convert money to a different currency for a low conversion fee (from 0.35% to 2.85%). Just make sure you’re able to pay off the full balance by the end of the introductory period, or you’ll be charged interest. How to send money on Venmo in 7 easy steps? We all enjoy the sights, sounds, smells, and tastes of a foreign locale. Here’s a tip: when searching for a trustworthy currency vendor, look for one that offers an exchange rate closest to the mid-market rate. That makes this a great card to use when traveling, especially when you consider additional benefits such as travel accident insurance, concierge service, and travel assistance services. With no foreign transaction fees, the Capital One Quicksilver Cash Rewards Credit Card can be good for your vacation expenses that don’t fall into bonus categories. $150 cash bonus once you spend $500 within 3 months. there are no additional fees when you use your debit card abroad (any transaction made in a foreign currency or that MasterCard® classifies as a cross-border transaction). ATMs are a convenient way to get extra cash when traveling. Well you should have a credit card with no foreign transaction fees in your wallet. Annual Fee: $95. Rewards Rate. That may not be much when applied to a baguette, but it adds up quickly over the course of a vacation, especially when you factor in bigger-ticket items like train tickets and car rentals. But there’s another sneaky type of fee that can eat into your travel budget, and that’s currency exchange rates. To find out how to send money on Venmo, take a look at this article. Not having a foreign transaction fee is unique for a cash back credit card. 8. On the positive side, the card charges no annual or foreign transaction fees, and it provides $0 fraud liability coverage, access to CreditWise … They offer a wealth of services that take the headache out of money management abroad. The standard foreign transaction fee for all Capital One cards is 0%. FinanceBuzz is not a financial institution and does not provide credit cards or any other financial products. No Foreign Transaction Fee: This one was the biggest one for me, I relied on my American Express card on my recent trip and I was only able to use it at 2 places over 3 weeks in different countries. Chase Sapphire Preferred Card. It is not intended to amount to advice on which you should rely. Compensation may impact where offers appear. You can save a lot of money not having to pay an extra 3% every time you make a purchase. When you travel abroad, you have a few options to pay for your purchases. The Capital One QuicksilverOne Cash Rewards Credit Card charges no foreign transaction fees regardless of credit score. Savvy travelers will want to choose a credit card that lets them journey through the world without hitting them with an extra fee for every card swipe. https://www.capitalone.com/credit-cards/quicksilver/. It may come as no surprise that home currency payouts benefit the bank more than the customer. The Capital One Quicksilver card is a great choice for someone who is just getting started with travel rewards. It also doesn’t carry an annual fee or a foreign transaction fee. This makes it one of the best cards for earning cash back on international spending and travel. No Foreign Transaction Fees For complete details about the Capital One Quicksilver, check out their official terms & conditions . Read more Capital One Cash Advances: What They Are and Why to Avoid Them Capital One charges 0% foreign transaction fees for all of its credit cards, and for its debit cards for 360 products (such as 360 Checking and 360 MONEY). One of the most popular cash back cards on the market is the Capital One Quicksilver Cash Rewards Credit Card. The table below breaks down the fees and rewards for the Capital One Quicksilver card. No foreign transaction fee: You won't pay a fee for any transactions outside the U.S. All currency pairs have two values at any given time. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. The annual fee for the Capital One QuicksilverOne card is $39. Current Rewards Offer: Unlimited 1.5% cash back. … On top of that, Capital One's easy rewards redemption adds to the popularity of the card as you'll … It charges an annual fee of $0, and because it has no foreign transaction fees, it's one of the best cash-back cards to take with you when traveling internationally. 5. These benefits make this Capital One credit card one of the best cash back credit cards for someone who also likes to travel. That 3% fee completely eliminates any rewards you would earn with the card outside the U.S., so the Quicksilver is the better option if you are planning to use it on international trips. Although it’s a small amount, typically ranging from 1-3% of the purchase price, these fees can add up quickly, and there’s no reason to pay them. Some typical fees are an annual fee (Capital One Quicksilver also doesn’t have this), a penalty fee charged on late payments or payments that the bank returns, cash advance fees, and balance transfer fees. Is it possible to send money to your friends internationally with Google Wallet? Cancelling a credit card might take more than just cutting it in half. First, it offers nice rewards perks, in the form of both a $150 cash bonus for spending $500 within three months, and 1.5% cash back on every purchase. The Capital One Quicksilver does not charge foreign transaction fees. Foreign transaction fees aren’t just for in-person transactions. Prior results do not guarantee a similar outcome. Recently, Bank of America and American Express raised their international transaction fees. High cash back rewards rate: Every purchase with the Capital One QuicksilverOne Cash Rewards Credit Card earns 1.5% cash back. To join the waitlist for the Wise debit Mastercard, visit here. The Quicksilver card has a $0 annual fee and no foreign transaction fees, making it a good choice for almost any purchase. The Capital One Quicksilver Cash Rewards Credit Card is a straightforward unlimited cash back card that offers 1.5% cash back on every purchase, regardless of its category. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. These foreign transaction fees can quickly add up, especially if you are buying expensive items on a credit card and having them sent back to the states. ATMs often give you the option of taking your payout in your home currency. By submitting this form you agree to receive emails from FinanceBuzz and to the privacy policy and terms. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. We may charge a fee to withdraw money on an international ATM for some types of accounts. Wallet is now known as Google Pay - and sending money abroad is possible! You can earn a $200 cash back bonus after spending $500 in the first 3 months. See our picks for the best travel credit cards. Take a look at our article to find out how to cancel a credit card step-by-step! You’ll get 1.5% cash back on every purchase you make. Even if you purchase your hotel reservations while in the US, companies are now adding the foreign transaction fees in addition to hospitality taxes. Learn more about how we make money and our editorial policies. Current Rewards Offer: 2X points on restaurants … Credit cards are a helpful personal finance tool, but they can come attached with additional fees in addition to foreign transaction fees. But nobody loves racking up foreign transaction fees on their credit card. FinanceBuzz and CardRatings may receive a commission from card issuers. With Wise, managing your money on-the-go is easy and cheap. The Capital One Quicksilver Cash Rewards Credit Card doesn’t have an annual fee or foreign transaction fee. Capital One QuickSilver Cash Rewards credit card holders get benefits including no foreign transaction fees, emergency card services and fraud coverage. As you can see, the Capital One Quicksilver card is a wonderful option for a travel credit card. However, paying with a credit card is often the most convenient option, provided that card doesn’t have foreign transaction fees. As mentioned above, there’s no annual fee with the Capital One Quicksilver card and neither are there foreign transaction fees or balance transfers fees. 100,000. However, there are fees for cash advance services and late payments. FinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions. 1x-3x. There is a 3% balance transfer fee if the transfer occurs during the 15-month 0% APR introductory period. Terms apply, see rates & fees. The Capital One Quicksilver also offers several convenience features that make shopping and using your card simple. What I Like About My Quicksilver Card No Foreign Transaction Fees. 5.0 on Chase's website. So in order to spend money in another country, you have to have your cash changed into cash in the local currency. It's actually quite easy – just follow these 7 steps in the article! Nobody likes to pay foreign transaction fees when they’re traveling abroad. Capital One Quicksilver credit card foreign transaction fees — the basics $150 cash bonus once you spend $500 within 3 months. So it’s important to shop around when looking for a currency vendor. A foreign transaction fee is a percentage (usually around 3%) added to a credit card purchase in a foreign country. No foreign transaction fee: You won't pay a fee for any transactions outside the U.S. CNBC Select breaks down rewards, benefits and fees associated with it, … Borderless account holders are issued personal banking details for a group of countries. The Capital One Quicksilver Cash Rewards Credit Card is a simple flat cash back card with no annual or foreign transaction fees. Slightly lower than that is the “sell” value, which is the price you can sell the currency for. No Capital One credit card charges a foreign fee. Like all Capital One credit cards, the QuicksilverOne lets international travelers spend freely with no foreign transaction fees. Foreign countries use different currencies than your home country, obviously. It’s one less thing to worry about once you’re comfortable traveling internationally again. Exchange rates are in a constant rate of fluctuation, so it’s helpful to have an objective resource that can tell you the current rate for a currency pair, like USD/EUR (US dollars and Euros). Capital One offers an array of cards, some with foreign transaction fees, and some with none. If you’re a world traveller, keep Wise in mind for your financial needs. Tips, Step-by-step guide & more, How To Send Money Internationally With Google Pay, Robinhood review: everything you need to know. Seems like they’re doing you a favor, but ask yourself: why are they offering this? However, there are fees for cash advance services and late payments. Capital One Quicksilver foreign transaction fees. The Capital One Quicksilver Cash Rewards Credit Card doesn’t charge an annual fee, making it worth considering for people who prefer to avoid annual fees. No Annual Fee: This Quicksilver card does not have an annual fee. Issuer Name Capital One; Credit Needed Excellent, Good; Annual Fee $0; APR 15.49% - …