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.

FAQ's

What is a zero forex markup credit card?

A zero forex markup credit card is a specialized type of credit card designed for people who frequently spend money abroad or shop online from international merchants. Normally, when you use a standard credit card for overseas transactions, banks charge a foreign currency conversion fee, often ranging from 2% to 3% of the total transaction amount. With a zero forex markup card, this fee is completely waived, meaning you pay only the actual amount in the foreign currency without any hidden charges.

For travelers, students studying abroad, or professionals working internationally, having an India credit card with no foreign transaction fee can result in substantial savings over time. This type of card ensures that you can make purchases overseas without worrying about extra costs eating into your travel budget. In addition, a zero forex markup credit card for foreign travel provides a hassle-free experience when booking flights, hotels, or paying for services abroad, making it one of the most essential financial tools for international travel.

What features should I look for when choosing the best credit card for foreign travel?

When selecting the best credit card for foreign travel, it’s important to look beyond just zero fees and consider a combination of features that enhance convenience, safety, and rewards. Some key features to prioritize include:

1. No foreign transaction fees: Ensure you are choosing an India credit card with no foreign transaction fee, so you don’t pay extra every time you swipe or make a purchase overseas.
2. Global acceptance: The card should be widely accepted internationally through networks like Visa, Mastercard, or American Express. This ensures smooth usage in multiple countries and for online bookings from foreign merchants.
3. Travel rewards and benefits: Many cards offer reward points, cashback, or special perks such as discounts on hotel bookings, airline miles, and airport lounge access. A credit card for foreign travel with these features can help you get more value from your spending.
4. Travel insurance: Comprehensive coverage for trip cancellations, medical emergencies, lost baggage, or travel delays can be a lifesaver. Cards that include travel insurance reduce the need for separate policies like trip insurance online or insurance for a trip.
5. Security features: A card with secure online transaction protection, instant alerts, and 24/7 customer support ensures peace of mind while making purchases abroad.

By considering these features, you not only save money but also enjoy a safer and more rewarding travel experience. Using a card that meets these criteria allows seamless international spending and helps you avoid the stress of currency conversion or transaction issues.

What is the best credit card for overseas travel, and what features should I look for when choosing one?

The best credit card for foreign travel combines financial efficiency, convenience, and additional travel-related benefits. For overseas use, it’s essential to select an India credit card with no foreign transaction fee, so every international purchase is free from extra charges.

Important features to look for include:

• Zero forex markup: The most crucial feature for international travelers is the absence of foreign transaction fees. This ensures that your money goes further when shopping, dining, or booking accommodations abroad.
• Rewards and cashback: Many cards provide rewards points, miles, or cashback for overseas transactions. Choosing a card that gives benefits on flights, hotels, and travel expenses enhances the overall travel experience.
• Travel insurance coverage: Look for cards that offer complimentary travel insurance for travelling or trip holiday insurance, covering emergencies, medical expenses, or trip cancellations. This can be extremely valuable for international travel planning.
• Global acceptance: The card should be accepted at international merchants, ATMs, and online platforms to avoid inconvenience while traveling.
• Emergency support: 24/7 international assistance for lost or stolen cards, fraudulent transactions, or other emergencies ensures smooth travel.

By choosing the right credit card for foreign travel, you not only save on fees but also gain access to numerous perks like travel rewards, insurance benefits, and emergency support. Combining these features makes your international trips more comfortable, secure, and cost-effective. Additionally, using your card in combination with travel insurance online, trip insurance travel, or other insurance for travelling products ensures that you are fully protected throughout your journey.