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Most business credit card issuers charge a small foreign transaction fee for each purchase made with any currency other than the US dollar. These transaction fees can quickly add up for companies that regularly do business outside the United States.

If you spend the equivalent of $100,000 in other currencies on some business credit cards, you can pay up to an additional $3,000 in foreign transaction fees. You get nothing in return for paying these fees, so if you frequently travel internationally for business, it’s in your best interest to avoid them.

Luckily, many business credit cards have eliminated these fees as a benefit.

The best business credit cards with no foreign transaction fees include:

  1. Ramp Business Credit Card
  2. The Business Platinum Card from American Express
  3. Chase Ink Business Premier Credit Card
  4. Amazon Business American Express Card
  5. Capital One Spark Classic for Business
  6. Bank of America Business Advantage Travel Rewards World Mastercard
  7. Chase Ink Business Preferred Credit Card
  8. American Express Business Gold Card
  9. Capital One Spark 2% Cash Plus
  10. CitiBusiness AAdvantage Platinum Select World Elite Mastercard
  11. Capital One Venture X Business Credit Card

This guide will share some of the best international business credit cards with no foreign transaction fees.

Do business credit cards have foreign transaction fees?

Yes, some business credit cards have foreign transaction fees. These fees are typically a percentage of each transaction made in a foreign currency. However, many cards waive these fees, making them a valuable option for businesses with international spending.

Best business credit cards with no foreign transaction fees

Here’s a breakdown of which credit cards don’t charge foreign transaction fees.

1. Ramp Business Credit Card

The Ramp Business Credit Card is ideal for businesses looking to avoid foreign transaction fees while benefiting from a streamlined expense management platform. With cashback on purchases and no preset spending limits, it’s perfect for businesses that value simplicity and flexibility. Additionally, Ramp offers robust tools for managing spending, automating expense reporting, and providing real-time insights into your financial health—all with no fees, including no foreign transaction fees.

2. The Business Platinum Card from American Express

The Business Platinum Card is perfect for luxury business travelers who want a wealth of travel perks, including lounge access, Global Entry/TSA PreCheck credits, and annual airline fee credits. Despite the high annual fee, the array of perks and rewards, including hotel status and flexible point transfers, statement credits, and more. Enrollment required.

3. Chase Ink Business Premier Credit Card

This card is ideal for business owners who want flexibility in how they use their rewards. It offers 3x bonus points on key business categories like travel, shipping, and advertising, plus a generous welcome bonus if you spend a certain amount within a period following your account opening. You can redeem points for travel at a 25% higher value through Chase Ultimate Rewards or transfer points to various airline and hotel partners.

4. Amazon Business American Express Card

The Amazon Business American Express Card is designed for businesses that frequently shop on Amazon. It offers cardholders the option of earning 5% back on Amazon purchases (up to $120,000, then 1% thereafter) or forgoing rewards for a 90-day 0% intro APR on purchases.

5. Capital One Spark Classic for Business

Does Capital One charge for international transactions? Nope! That’s just one of the reasons businesses turn to the Capital One Spark Classic for Business.

For business owners with fair credit, this card offers an opportunity to earn 1% cash back while building credit. It’s easier to qualify for, has no annual fee or foreign transaction fees, and is ideal for businesses that may not yet qualify for more premium options but still want to earn rewards.

Each card is tailored to different spending habits and preferences, making it important to match your choice to your business needs.

6. Bank of America Business Advantage Travel Rewards World Mastercard

The Bank of America Business Advantage Travel Rewards World Mastercard is a no-annual-fee card that earns 1.5 points per dollar spent on all purchases. Cardholders can potentially earn more points if they qualify for the Preferred Rewards for Business program. The card also offers 0% intro APR on purchases for the first 9 billing cycles, followed by a variable APR.

7. Chase Ink Business Preferred

The Chase Ink Business Preferred cardmembers earn Chase Ultimate Rewards points. It offers elevated points earnings on travel, shipping, internet, cable, phone services, and advertising purchases, making it useful for businesses with frequent expenses in these categories. Cardholders can transfer points to airline and hotel partners or redeem them through Chase Travel.

8. American Express Business Gold Card

Amex Gold’s international fees do not exist; it does not charge foreign transaction fees for purchases made outside of the United States. The American Express Business Gold Card offers customizable bonus categories so cardholders can earn 4x points in the top two spending categories each month. This is ideal for businesses with varied expenses as it maximizes rewards based on their highest spending areas.

It offers flexibility in redemption options like flights, hotel stays, gift cards, and more through the American Express Membership Rewards program. Cardholders don’t have to worry about paying an Amex Gold Card foreign transaction fee.

9. Capital One Spark Cash Plus

This card offers a flat 2% cash back on all purchases, making it the best for businesses seeking simplicity and high cash-back rewards across all spending. There’s no preset spending limit, which is great for businesses with large budgets. Plus, it offers 5% back on hotels and car rentals booked through Capital One Travel.

10. CitiBusiness / AAdvantage Platinum Select Mastercard

Some cards from Citi have no foreign transaction fees, including the CitiBusiness AAdvantage Platinum Select World Elite Mastercard. For businesses that frequently fly with American Airlines, this card offers great value with 2x bonus miles on American Airlines purchases, gas stations, and other select categories. You also get travel perks like free checked bags and preferred boarding, making it an excellent choice for frequent flyers loyal to American Airlines.

11. Capital One Venture X Business Credit Card

We’ll round out our list of the best business credit cards with no foreign transaction fees with the Capital One Venture X Business Credit Card. This is a premium travel card that offers unlimited 2x miles on any purchase with no preset spending limits. It also includes an annual travel credit and complimentary airport lounge access, making it a compelling option for businesses with frequent travel needs.

Each card is tailored to different spending habits and preferences, making it important to match your choice to your business needs.

Here's a look at each of these cards in more detail:

What is the best international credit card?

You’ll save money if you use an international business credit card that doesn’t charge foreign transaction fees. Some credit card issuers charge a foreign transaction fee of around 3%, so the savings will be significant.

Many airline cards don’t have foreign transaction fees, but you should do your research and check the terms before applying for any business travel credit card. Often, the business credit cards that offer the best travel rewards also come with a high annual fee.

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What are the most accepted credit cards?
Visa and Mastercard are the two most widely accepted credit card networks internationally. You can use both Mastercard and Visa cards in more than 200 countries around the world. American Express cards are accepted in around 160 countries, which makes them slightly less convenient.

What is a foreign transaction fee?

A foreign transaction fee is a charge that your credit card issuer applies when you make a purchase in a foreign currency or through a foreign bank, typically while traveling abroad or shopping with international merchants online. Some credit cards, especially those designed for travel, waive foreign transaction fees altogether.

How to avoid foreign transaction fees

You can avoid foreign transaction fees with a credit card that doesn’t charge these fees. However, that’s not the only way you can get around this additional expense. Consumers can also buy goods and services with the local currency or use a checking account or debit card with no foreign transaction fees.

As another alternative, you can use a personal travel credit card that doesn’t charge foreign transaction fees, but that complicates the travel expense reimbursement process. If international business travel is a frequent occurrence, it’s worth applying for a business credit card that offers no foreign transaction fees.

How much are foreign transaction fees?

Foreign transaction fees usually consist of both an issuer fee and a card network fee, usually totaling between 2.7% and 3%, depending on your card. You can find the specific fee details in your cardholder agreement. While this may seem small, these charges can add up quickly, especially if you frequently travel and spend thousands abroad. To save money, it’s important to minimize or avoid foreign transaction fees when possible.

Do all credit cards work internationally?

Most credit cards can be used internationally, but it depends on whether the card is part of a global payment network like Visa, Mastercard, or American Express, which are widely accepted worldwide. However, some cards may not be accepted in certain regions or countries, especially if they are tied to smaller, local payment networks.

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What credit score is needed for business credit cards?
You generally need a personal credit score of 700 or higher to qualify for the best business credit cards. Secured credit cards or corporate charge cards like Ramp’s Business Credit Card have less stringent credit score requirements — perfect for new businesses and startups.

Get a Ramp Business Credit Card to avoid foreign transaction fees

The Ramp Business Credit Card doesn’t charge foreign transaction fees and simplifies the process of international travel expense management. You can issue unlimited physical and virtual cards to employees traveling internationally and set spending limits at the employee or card level.

Ramp cards also come with travel management features like real-time trip expense monitoring, custom trip budgets and spending categories on employee cards, and easily accessible travel itineraries. All these features add up to save Ramp customers an average of 5% a year.

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CPFC, Finance Contributor
Marc Guberti is a certified personal finance counselor and a freelance writer. His work has been featured in US News & World Report, Newsweek, Fox Business, and other publications.
Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.

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