Which US bank has no foreign transaction fee?

Among the major credit card providers, Chase, PNC, Bank of America, Barclays, and U.S. Bank are known to charge foreign transaction fees on the majority of their cards. However, it's essential to note that not all cards from these banks are subject to this fee, and it's always advisable to check with your specific card issuer for details.

On the other hand, several credit card providers offer cards without foreign transaction fees, making them ideal for frequent travelers or anyone who frequently makes purchases in foreign currencies. Capital One, Discover, USAA, PenFed, and HSBC are some of the notable banks that offer such cards.

Having a credit card without foreign transaction fees can save you a considerable amount of money over time, especially if you frequently travel or make purchases in foreign currencies. It's worth considering this factor when choosing a new credit card or evaluating your current one.

Many credit card issuers impose a foreign transaction fee on purchases made outside of the United States. This fee typically ranges around 3% of the transaction amount and can significantly add to the cost of international purchases.

Additionally, it's essential to keep in mind that credit card fees are not limited to foreign transaction fees. Other fees, such as annual fees, late payment fees, and cash advance fees, can also impact your overall cost of credit card ownership.