Credit Cards with No Foreign Transaction Fees 2024

Credit cards with no foreign transaction fees in the UAE offer a cost-effective solution for international travelers and online shoppers. Unlike cards that impose a typical 3% fee on foreign transactions, these cards save users from additional charges. 

For frequent globetrotters or those who regularly make purchases from international websites, this feature proves invaluable. The absence of foreign transaction fees ensures that users can enjoy the convenience of their credit cards without the worry of accumulating extra costs. Whether exploring new destinations or indulging in global online shopping, these credit cards provide a seamless and economical financial tool for users in the UAE.

 

 

What Does Foreign Transaction Fee Mean?

A foreign transaction fee is a charge imposed by a bank or financial institution when a consumer uses an electronic payment card for a purchase in a foreign currency. Such fees typically apply to card transactions abroad or online purchases from a foreign vendor in its local currency.

Note that this fee is alternatively referred to as ‘foreign purchase transaction fee’ or ‘foreign currency transaction fee’.

 

How Does a Foreign Transaction Fee Credit Card Work?

The credit card issuer charges a foreign transaction fee. Although this percentage varies between issuers, it is often around 3%. 

While this 3% may not seem like much, remember that it applies to each foreign transaction you make with the card. So if you frequently travel abroad and shop on foreign websites, such cards with foreign transaction fees can add up to significant expenses. 

Consider opting for a card without these fees in such cases.

 

 

Relevance of No Foreign Transaction Fees Credit Cards

If you frequently visit abroad for work or leisure, it is important to look for a credit card with no transaction fee. It will save you from paying an additional cost on international purchases.

Types of Credit Cards with No Foreign Transaction Fees

Here is a detailed account of no foreign transaction fees credit cards —

FAB Infinite Travel Card

Listed below are the key features of this credit card with no foreign transaction fees —

1. The minimum salary required is AED 30,000 per month
2. Annual Fees – AED 1,500
3. Travel benefits include –
   • Assured AED 1,500 welcome travel voucher on the credit card uae 
   • Unlimited free-of-charge access to more than 1,000 international airport lounges
   • No Foreign Transaction Fee
   • Option to exchange 1 FAB Mile to 1 mile per point or more for participating airlines and hotel partners
   • Up to USD 150 credit annually for international airport transfers with UBER 
   • FAB miles for every USD 1 spent
   • Complimentary airport transfers within the UAE 
   • A complimentary night for every 3 paid nights’ stay at hotels booked from the FAB Travel Portal 
4. Get up to 30% off on Airport Meet and Greet services in more than 450 destinations internationally. 
5. Get 35% discount on Avis Car Rental at standard rates and 30% off on international leisure rates. 
6. Exclusive golf discounts

 

ADCB Traveller Credit Card

Check out the features and benefits of the ADCB Traveller credit card with no foreign transaction fees –

1. Get a welcome offer of 2 nights’ stay at hotels
2. Get up to 6 nights stays at a hotel as an anniversary offer
3. 0% foreign currency fee
4. Earn up to 2 TouchPoints for every AED 1 spent on domestic purchases with this no foreign transaction fees credit card
5. Get unlimited access to more than 1,200 global airport lounges for yourself and supplementary cardholders. 
6. Avail of up to 10% cashback on Booking.com
7. Get complimentary travel insurance
8. Enjoy complimentary golf access at the top golf courses in the UAE including The Track, Arabian Ranches Golf Club Dubai, and Abu Dhabi Golf Club. 
9. Select from numerous complimentary perks in the Middle East & Africa at top-notch dining venues, luxury spas, and more with your ADCB Traveller Credit Card.
   • Enjoy a free 60-minute spa treatment with the purchase of a 60-minute treatment.
   • Get a complimentary entrée when you buy one.
   • Receive a free main course with the purchase of one meal course.

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