Travelling Overseas? Credit Cards with Zero Foreign Transaction Fees

In recent years, international travel has gained immense popularity, with people exploring new destinations and cultures more frequently than ever before. Whether for leisure, business, or educational purposes, travelling abroad has become more accessible thanks to technological advancements and financial tools.

The Rise of Global Travel and Financial Innovations

With more people travelling internationally, the financial industry has responded by creating instruments tailored to ease overseas spending. From traveller’s cheques in the past to modern digital wallets and currency cards, the way we spend money abroad has transformed. 

Among these tools, credit cards have emerged as a convenient solution for managing expenses abroad. However, one of the biggest challenges travellers face is the high cost of foreign transaction fees. This is where credit cards with no foreign transaction fees come into play, offering a hassle-free way to make payments without the added costs.

A typical credit card charges between 1% and 3% on every foreign transaction, which can accumulate quickly during a long trip. Fortunately, several banks now offer credit cards specifically designed for globetrotters, eliminating these fees and allowing users to enjoy a more budget-friendly experience.

Why Choose Credit Cards with No Foreign Transaction Fees?

When travelling overseas, the last thing you want to worry about is being charged extra for each transaction. Credit cards that waive foreign transaction fees save you money from dining out and shopping to booking accommodation or transport abroad.

Benefits of Credit Cards with No Overseas Fees

Zero Conversion Fees

Credit card providers typically charge a foreign transaction fee for purchases made in non-native currencies. You can avoid this additional expense with credit cards that offer no such fees.

Global Acceptance

Most credit cards with zero conversion fees, particularly those issued by major companies like Visa and Mastercard, are widely accepted worldwide, making them a convenient payment option wherever you go.

Better Exchange Rates

When you use a credit card without foreign transaction fees, the currency conversion is often based on interbank exchange rates, which are more favourable than the rates offered by currency exchanges or ATMs abroad.

Added Travel Perks

Some cards come with additional travel benefits, such as complimentary access to airport lounges, travel insurance, or cashback on travel-related expenses.

Top Credit Cards with No Foreign Transaction Fees for Indian Travellers

For Indian travellers, several credit card options waive foreign transaction fees, ensuring you get the most out of your travel budget. Here are some of the top choices:

HDFC Regalia Credit Card

Known for its travel-centric benefits, this card offers complimentary access to lounges and zero foreign transaction fees on overseas purchases. Additionally, it provides an attractive reward points system for frequent travellers.

SBI Elite Credit Card

Another popular option for Indian travellers, the SBI Elite card has zero foreign transaction fees and offers reward points for every international transaction. It also comes with complimentary travel insurance, making it a good all-in-one solution for frequent flyers.

ICICI Bank Sapphiro Credit Card

This card eliminates foreign transaction fees and offers reward points for international spending. It also provides a host of other travel benefits, such as free access to select airport lounges and travel insurance coverage.

Axis Bank Magnus Credit Card

With no overseas fees, this card is a favourite for Indian travellers, especially because of its competitive reward system and travel perks like lounge access and travel insurance.

These credit cards with no foreign transaction fees ensure you can spend without worrying about unexpected charges. Whether you’re shopping in Paris or dining in New York, these cards have you covered.

Read Also: The Best Credit Cards for Travellers in 2025

The Importance of Travel Insurance

While having a credit card with zero overseas fees can significantly reduce your expenses while abroad, another critical aspect of travel is ensuring that you are adequately protected. This is where travel insurance becomes essential. Unforeseen events such as medical emergencies, trip cancellations, or lost luggage can turn an otherwise pleasant trip into a financial nightmare.

Travel insurance can provide coverage for medical expenses, trip interruptions, and personal belongings, giving you peace of mind. In fact, many of the credit cards mentioned earlier include some form of complimentary travel insurance. However, it's always wise to assess whether the included coverage is sufficient or if you need additional insurance based on your travel itinerary and personal needs.

Before you embark on your next adventure, consider your financial protection through a credit card with no overseas fees and comprehensive travel insurance to safeguard your journey.

Wrapping Up

Travelling overseas has never been more accessible, thanks to innovations like credit cards with no foreign transaction fees. These cards not only eliminate the hassle of carrying cash but also save you from paying unnecessary fees on foreign purchases. For Indian travellers, several excellent credit card options cater specifically to international spending, making global travel more convenient and cost-effective. Just as importantly, always remember to pair your financial protection with a solid travel insurance plan to ensure a worry-free adventure.

With Niva Bupa travel insurance, you can embark on your adventures knowing you have reliable coverage for any unexpected challenges. From dental emergencies to passport loss, Niva Bupa’s plans are designed to provide financial protection when needed. The ability to make cashless claims for medical treatment abroad and coverage for trip delays or cancellations adds an extra layer of security. Make your travels smoother and more secure by choosing Niva Bupa travel insurance, ensuring peace of mind no matter where your journey takes you.