Does Capital One have foreign transaction fees?

If you have a Capital One credit card, you don’t have to worry about hidden fees when shopping abroad. But other credit card issuers may charge foreign transaction fees if you’re traveling or making purchases from foreign websites.

What you’ll learn:

• A foreign transaction fee is an additional charge on a credit card purchase made abroad or online from a foreign merchant.

• Currency conversion fees are charged when exchanging one form of currency for another. 

• Capital One doesn’t charge foreign transaction fees for any of its U.S.-issued credit cards. View important rates and disclosures.

A foreign transaction fee is a charge that may be added to a credit card, debit card or prepaid card transaction that’s made abroad or on a foreign website. You may also see them called international transaction fees.

The fee is usually about 1%-3% of the transaction amount after it’s converted to U.S. dollars. Foreign transaction fees can add up fast, especially if you’re making large international purchases or you’re on an extended trip abroad.

When using your card while traveling abroad, you may run into currency conversion fees. There are two types of currency conversion fees: 

• Currency conversion fees: They may apply when you convert one country’s currency to another one and are usually around 1% of the purchase amount.

• Dynamic conversion fees: They may apply when you convert one country’s currency to another one at a merchant’s payment terminal. Dynamic conversion fees may fall between 3% and 12% of the purchase amount.

Whether a Capital One card is accepted depends on where you’re traveling and the merchant involved in a transaction. If you’re not sure about your card, many places have stickers on their doors indicating what card networks they accept. Or you can just ask.

Thanks to modern fraud detection and security measures, you don’t need to notify Capital One that you’re leaving the country. But some other issuers may still require you to set a travel notice. Before you leave, consider brushing up on a few tips on using a credit card internationally.

Capital One doesn’t charge foreign transaction fees on any of its credit cards, including travel, cash back and student cards. View important rates and disclosures. Capital One also offers exclusive benefits and elevated rewards that can help make your travel experience more enjoyable.

Here’s a quick look at a few Capital One credit cards with no foreign transaction fees.

Venture X cardholders earn 2X miles on every purchase; 5X miles on flights, vacation rentals and activities booked through Capital One Travel; and 10X miles on hotels and rental cars booked through Capital One Travel. 

Venture X cardholders also receive a $300 annual credit for bookings through Capital One Travel and a $120 statement credit for Global Entry or TSA PreCheck®. Plus, they receive 10,000 bonus miles every year, starting on their first anniversary.

The card has a $395 annual fee. View important rates and disclosures.

Venture offers 2X miles on every purchase and 5X miles on hotels, vacation rentals, rental cars and activities booked through Capital One Travel.

New Venture cardholders can earn 75,000 bonus miles when they spend at least $4,000 within three months of opening an account. They’re also eligible for a $120 statement credit for TSA PreCheck or Global Entry. The card has a $95 annual fee. View important rates and disclosures.

Savor cardholders earn unlimited 3% cash back at grocery stores and on dining, entertainment and popular streaming services, plus 1% cash back on all other purchases. They also earn 5% cash back on hotels, vacation rentals, rental cars and activities booked through Capital One Travel.

The card also comes with a $200 cash bonus when new cardholders spend at least $500 within three months of opening an account. And there’s no annual fee. View important rates and disclosures.

Quicksilver cardholders earn unlimited 1.5% cash back on every purchase and 5% cash back on hotels, rental cars, vacation rentals and activities booked through Capital One Travel. They can also earn a $200 cash bonus by spending $500 within three months of opening an account. Quicksilver doesn’t have an annual fee. View important rates and disclosures.

Capital One offers two credit cards that are designed for students. Their rewards are structured a little differently, but neither card has an annual fee. View important rates and disclosures.  

• The Savor Student card offers 3% cash back at grocery stores and on dining, entertainment and popular streaming services. Plus, cardholders earn 1% cash back on all other purchases. 

• The Quicksilver Student card offers 1.5% cash back on all purchases and more.

Capital One doesn’t charge foreign transaction fees. View important rates and disclosures. And there are even more benefits to having a Capital One travel rewards card, including: 

• Elevating your next adventure with the Venture X card, which offers premium travel benefits and more.

• Earning unlimited 2X miles on every purchase, every day, and earning a one-time 75,000-mile bonus with the Venture card. 

• Earning unlimited 1.25X miles on every purchase, every day, with no annual fee with the VentureOne card. View important rates and disclosures.