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Foreign transaction fees were once very common among rewards credit cards, which was kind of unfortunate especially in the realm of travel rewards credit cards since those cardholders (unsurprisingly) travel outside the United States with some regularity! In recent years more and more credit cards have eliminated foreign transaction fees, which is great so that you aren’t hit with an extra 3% or so for each transaction that was processed with a foreign currency. Canada tripped me up more than once since it just didn’t feel “foreign” in my head!
You can now add the U.S. Bank FlexPerks® Travel Rewards Visa Signature® card to this growing list of cards that do not charge a foreign transaction fee beginning September 1st.
In fact, it is getting hard to think of too many rewards cards left that do charge foreign transaction fees – at least among those that also charge annual fees. The Starwood Preferred Guest Amex notably comes to mind as still charging the foreign transaction fee, as does the US Airways MasterCard, Club Carlson Premier Rewards Visa Signature, and Amex EveryDay Preferred. Most of the Chase travel rewards cards that come with annual fees do not have foreign transaction fees, but it will be nice when some of these remaining hotel co-branded cards drop the foreign transaction fees so they can be used to at hotels abroad to earn extra points without paying extra fees.
Back to the FlexPerks card, along with the info about the foreign transaction fee going away, the mailer I got also included info on a new promotion that awards 3,500 bonus points after spending $750 on the card from September 1 – October 31st. This may be targeted, but you can check for promos on your card here.
The FlexPerks card just helped me get a “free” airline ticket worth close to $400 that will also earn me elite qualifying and redeemable United miles, so while it isn’t the #1 card I use in my wallet, promos like this help keep the card around.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.