8 Best Business Credit Cards With No Foreign Transaction Fee 2021

Editor’s note: This is a recurring post with regularly updated card details.

Business credit cards with no foreign transaction fee are designed for people who travel outside the United States for work purposes. If you don’t apply for one of these cards, some issuers charge foreign transaction fees up to 3%. The best options allow you to earn rewards on foreign transactions and offer premium benefits like free access to airport lounges.

The best business credit cards with no foreign transaction fee are:

• American Express Business Platinum Card®: (Best overall) Best for premium travel benefits, including access to more than 1,200 airport lounges around the world
• Chase Ink Business Preferred®: Best for maximizing travel rewards with lower annual fees
• Capital One® Spark® Miles for Business: Best for 2x miles on every purchase, including foreign transactions
• Marriott Bonvoy Business™ American Express® Card: Best for staying at more than 2,000 Marriott properties outside the US
• Hilton Honors American Express Card: Best for staying at thousands of Hilton hotels outside the US
• Bank of America® Business Advantage Travel Rewards World Mastercard®: Best for earning travel rewards while paying no annual fee
• CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®: Best for flying with American Airlines
• Capital One® Spark® Classic for Business: Best for personal credit scores between 580 and 669

For more details on how we evaluated business credit cards for this list, see our methodology.

American Express Business Platinum Card®: Overall Best Business Credit Card With No Foreign Transaction Fee

Why we like it: The American Express Business Platinum Card® is the overall best business credit card with no foreign transaction fee because it makes business travel more enjoyable through its premium features. You’ll be able to earn 5x points on travel purchases through American Express and relax in lounges before your flight departs.

You’ll also have the luxury of avoiding interest and using a card with no preset spending limit. However, this means the balance must be paid in full every month. Companies that can afford these repayments terms will find this card to be extremely lucrative, giving them the buying power they need.

*No Preset Spending Limit means the spending limit is flexible. In fact, unlike a traditional credit card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history.

Additionally, you can receive application fee credits for Global Entry or TSA Precheck—two programs that give you access to expedited airport security screenings. This feature will let you pass through US customs or airport security lines in a breeze.

Chase Ink Business Preferred®: Best for Maximizing Travel Rewards at a Lower Annual Fee

Why we like it: Most business travel credit cards that offer top-of-the-line rewards typically charge high annual fees. Luckily with this card, you can maximize your earnings while paying a lower annual fee. You’ll earn 3x points across four categories, including travel expenses.

Plus, Chase’s definition of travel spending is liberal compared to other cards on our list. You’ll earn 3x points in more than 10 travel categories, including airlines, hotels, motels, timeshares, car rental agencies, cruise lines, and travel agencies.

Choose this business credit card if you travel for work frequently but don’t want to pay $500 or more in annual fees for a credit card.

Capital One® Spark® Miles for Business: Best for Fixed-Rate Rewards on Every Purchase

Why we like it: If you’re too busy traveling and don’t want to worry about tracking category-based rewards, this card can help solve that problem. You’ll have the luxury of earning fixed-rate miles on every purchase, including purchases made outside the US. This simplified rewards program makes it so you won’t have to track where you spend your money to maximize your rewards.

With Capital One® Spark® Miles for Business, you’ll also have the chance to elevate your business travel. Much like our top card, you can receive application fee credits when you apply for Global Entry or TSA PreCheck. These airport security programs can help you access shorter security lines or expedited security checks. If you travel often, a feature like this can make business travel less of a headache.

Capital One also offers the Capital One® Spark® Cash for Business card, which is a great alternative if you want a nearly identical card that offers cash back rewards. However, that card does not offer the airport security screening reimbursement program.

Marriott Bonvoy Business™ American Express® Card: Best for Marriott Bonvoy Hotel Stays Outside the US

Why we like it: Business owners who regularly stay at Marriott Bonvoy hotels, which include all of the Ritz-Carlton and former Starwood Preferred Guest properties, will find this card beneficial. You’ll earn top rewards at participating Marriott locations and have a shot at earning a substantial welcome offer. You can redeem these rewards for free hotel rooms, saving your business tons of money.

Beyond earning rewards at participating Marriott locations, including ones outside the US, you’ll also earn 2x points on other purchases, which accounts for foreign transactions. Restaurants, gas stations, and telecommunication services are the only rewards categories that are restricted to US-based purchases.

Cardholders also receive complimentary Marriott Bonvoy Silver Elite status. With this program, you can tap into cardmember benefits like bonus points, late checkout, and an elite reservation line. Between the rewards and additional perks, consider this card if your business spends big at Marriott hotels each year.

Hilton Honors American Express Business Card: Best for Earning Hilton Hotel Rewards

Why we like it: If you’re a loyal Hilton customer, this card can be your ticket to using your card outside the US without worry. In addition to avoiding foreign transaction fees, you can earn 12x points for purchases made directly with Hilton properties and 3x points on all other purchases, including foreign transactions. These rewards should please any Hilton customer.

Additionally, you can pocket rewards both on select business and travel purchases. For example, the card pays 6x points per $1 spent in categories like gas stations, shipping services, restaurants, and flights booked through American Express. At first glance, these rewards seem to be the best on our list. However, Hilton Honors points are only worth half a cent each, so they can take a long time to accumulate.

Beyond strong rewards, the additional features also make this card extremely attractive to Hilton customers. For example, the 10 free Priority Pass airport lounge visits per year will make business travel more enjoyable.

Bank of America® Business Advantage Travel Rewards World Mastercard®: Best for No Annual Fees

Why we like it: While avoiding foreign transaction fees is a huge benefit, so is avoiding annual fees. With this card, you can do both, making it possible to keep more cash in your business’s bank account. Use this card to save on credit card costs, finance purchases for nine billing cycles, and earn rewards while on business trips outside the US.

For a card that charges no annual fee, its three points per $1 spent in categories like travel are excellent rewards to start. However, it also provides you a way to boost that return rate.

When you enroll in Bank of America’s Preferred Rewards for Business program, you can receive up to an additional 75% rewards bonus on all spending. This means you’ll earn up to 5.25 points on travel and 2.62 points on all purchases, which is one of the highest rates on our list for everyday spending. You’ll need a balance of at least $100,000 to earn this rate.

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®: Best for Flying American Airlines

Why we like it: If you or your employees fly with American Airlines, this small business credit card can help you save big on travel expenses. Plus, you can have better travel experiences as this card offers free checked bags and priority boarding. Most other cards on this list don’t offer these free perks.

Beyond added perks like free checked bags, American Airlines loyalists will appreciate the airline-specific rewards. You’ll pocket two miles for every $1 spent on purchases made with the airline, on car rentals, and at gas stations. While these rewards are not as high as others, they’ll still prove to be beneficial if you swipe your card frequently for American Airlines purchases.

American Airlines flies to 49 foreign countries, which means there’s plenty of opportunities for you to take advantage of this card’s no foreign transaction fees.

Capital One® Spark® Classic for Business: Best for Fair Credit (580 to 669)

Why we like it: If your personal credit score ranges from 580 to 669 and you want to avoid foreign transaction fees, you’ve found your card. Although this card has fewer requirements, you’ll still benefit from no annual fees and the opportunity to earn unlimited cash back rewards.

Cardholders earn unlimited 1% cash back on all purchases, everywhere with no limits or category restrictions. These rewards are an added benefit beyond the ability to build both your business and personal credit. You should use this card until your credit score is at least 670, which is the typical minimum credit score requirement for the best cards on this list.

If your personal credit score is below 580, consider a secured business credit card. Those cards have credit limits that are typically equal to a cash deposit held in a collateral account.

How We Evaluated Business Credit Cards With No Foreign Transaction Fee

We looked at small business credit cards that charge no foreign transaction fees and determined the best by evaluating each card’s rewards and additional features. The main purpose of these cards is to save you money on frequent foreign transactions. Plus, the rewards structures and perks like priority boarding and free checked bags make these cards lucrative beyond their fee structure.

Bottom Line

Choose a business card without foreign transaction fees if you or your employees travel outside the US for work purposes often. Most business credit cards typically charge foreign transaction fees of up to 3%, which can quickly add up. You can avoid a fee like this easily by choosing a card from this list.

For rates and fees on the American Express Business Platinum Card®, please click here.

For rates and fees on the Hilton Honors American Express Business Card, please click here.

For rates and fees on the Marriott Bonvoy Business™ American Express® Card, please click here.