10 best business credit cards with no foreign transaction fees in December 2024

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.

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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.

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Luckily, many business credit cards have eliminated these fees as a benefit. This guide will share some of the best international business credit cards with no foreign transaction fees.

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Best business credit cards with no foreign transaction fees

Here’s a breakdown of the best business credit cards without foreign transaction fees:

Best overall card with no foreign transaction fees: 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.

Best for flexible travel rewards: Ink Business Preferred® Credit Card

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

Best for its bonus categories: American Express® Business Gold Card

The Amex Business Gold shines with its customizable bonus categories, earning 4X points in the top two spending categories each month. This is ideal for businesses with varied expenses, maximizing rewards based on their highest spending areas, and it offers flexibility in redemption options through the Membership Rewards program.

Best for earning cash back: 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.

Best for frequent flyers: CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

For businesses that frequently fly with American Airlines, this card offers great value with 2X 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.

Best for travel perks: 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, makes it worthwhile for frequent travelers.

Best for fair credit: 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.

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

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

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What is the best credit card to use abroad?

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.

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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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How do I 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.

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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.

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.

What’s the average credit card foreign transaction fee?

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.

Can any credit card be used internationally?

Yes, 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.

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.

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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.