Businesses need smooth financial transactions to do well in the global market, which is always growing. When doing business in other countries, it’s very important for entrepreneurs to have a business credit card that doesn’t charge fees for international transactions. There are so many choices that it can be hard to pick the best ones. This is the world of best Business Credit Cards With No Foreign Transaction Fee, a niche that serves the needs of companies that do business all over the world.
You can easily make purchases across borders with these credit cards, and they also come with a lot of other benefits that will help you run your business more efficiently. When doing business across borders, you need a credit card that is easy to use and doesn’t charge extra fees. These worries can be put to rest with the best business credit cards that don’t charge any fees for foreign transactions. Below, we have mentioned the best Business Credit Cards With No Foreign Transaction Fee.
What is Business Credit Card?
A business credit card is a way to pay for things that are related to your business. It gives businesses a line of credit that they can use over and over again to buy things, pay for things, and keep track of their cash flow. Business credit cards usually have features like keeping track of expenses, reward programmes, and limits on how much employees can spend.
They help keep your personal and business finances separate, build credit for your business, and make it easy to handle the day-to-day financial tasks that come with running a business.
Best Business Credit Cards With No Foreign Transaction Fee Comparison Table
Businesses that transact internationally benefit from credit cards without foreign transaction fees. These cards enable cost-effective global transactions without additional fees. Businesses with overseas clients or suppliers benefit from financial flexibility and lower currency exchange costs with this feature.
| Feature/Attribute | Amazon Business Prime Amex | Venture X Business | Marriott Bonvoy Amex | Capital One Spark Classic | Delta SkyMiles Gold Amex |
|---|---|---|---|---|---|
| Rewards Program | Amazon Rewards | Venture Miles | Marriott Bonvoy Points | Cash Back | SkyMiles |
| Welcome Bonus | Yes | Yes | Yes | No | Yes |
| Earn Rate – Business Expenses | 5% | 2X miles per dollar | 6X points per dollar | 1% cash back | 2X miles per dollar |
| Earn Rate – Other Purchases | 1-2% | 1.5X miles per dollar | 2X points per dollar | 1% cash back | 1X mile per dollar |
| Travel Benefits | Limited | Global Entry/TSA PreCheck | Free Night Award | No | Priority Boarding |
| Hotel Benefits | No | No | Yes | No | No |
Amazon Business Prime American Express Card
Features:
- Prime benefits integration.
- Enhanced rewards on Amazon purchases.
- Flexible payment options.
- Expense management tools.
If your business does a lot of shopping on Amazon, AWS, or Whole Foods, this card’s 5% cash back is the best reward you can get, and there’s no annual fee to boot. You can exchange the 5% back for 90 days of 0% APR financing on any eligible purchase if you need cash quickly. This card doesn’t have a 0% introductory APR offer, and the standard APR is high, so it’s not good for long-term borrowing. Currently, this is one of the best Business Credit Cards With No Foreign Transaction Fee.
Pros
- Earns valuable rewards on Amazon purchases.
- Offers business-friendly features like expense management tools.
- Provides additional benefits like extended warranty protection.
Cons
- Limited rewards earning potential outside of Amazon purchases.
- Requires a Prime membership for full benefits.
Venture X Business
Features:
- Premium travel rewards.
- Airport lounge access.
- Global acceptance.
- Concierge service.
There aren’t many better business cards for the money if you don’t mind the one-time fee. This card has a lot of benefits and is great for travelling because it’s easy to get rewards. The people who can use the travel-related benefits and charge enough to get the early spend bonus will do the best. Overall, this is one of the best Business Credit Cards With No Foreign Transaction Fee.
Pros
- Generous rewards structure on all purchases.
- Flexible redemption options for travel and other expenses.
- Premium perks like airport lounge access and travel credits.
Cons
- Annual fee may be higher compared to other business cards.
- Limited transfer partners compared to some other travel cards.
Marriott Bonvoy Business American Express Card
Features:
- Marriott Bonvoy rewards program.
- Elite status perks.
- Free night awards.
- Travel and purchase protections.
The Marriott Bonvoy Business American Express Card is a premier business credit card offering exceptional benefits for frequent travelers. It’s great for business trips abroad because there are no fees for using it in other countries. You can get rewards like hotel stays, elite status, and bonus points on certain purchases, which will make your business trip more enjoyable. This is the best Business Credit Cards With No Foreign Transaction Fee that you can consider.
Pros
- Offers strong rewards on Marriott hotel stays and related purchases.
- Provides elite status perks within the Marriott Bonvoy loyalty program.
- Includes travel insurance and purchase protections.
Cons
- Limited earning potential on non-Marriott spending.
- Annual fee may not be justified for occasional travelers.
Capital One Spark Classic for Business
Features:
- Simple cash back rewards.
- No annual fee.
- Business credit-building.
- Fraud coverage.
The Capital One Spark Classic for Business is a great credit card for business owners who want one that doesn’t charge fees for transactions in other countries. This card makes it easy and saves you money on international business costs because it gives you 1% cash back on all purchases. Use tools to keep track of your spending and build your credit while easily managing your business’s money. Overall, it is one of the best Business Credit Cards With No Foreign Transaction Fee that you can consider.
Pros
- No annual fee makes it a cost-effective option.
- Acceptance at millions of locations worldwide.
- Helps build or rebuild business credit with responsible use.
Cons
- Modest rewards program compared to other business cards.
- Lacks premium perks and benefits offered by higher-tier cards.
Delta SkyMiles Gold Business American Express Card
Features:
- Delta SkyMiles rewards program.
- Priority boarding.
- In-flight savings.
- Baggage insurance.
The Delta SkyMiles Gold Business American Express Card is a credit card for businesses that gives you special travel benefits. It is great for doing business with other countries because there are no fees for doing so. You can get access to the Delta Sky Club, earn miles on purchases, and get to the airport faster. Still, it is one of the best Business Credit Cards With No Foreign Transaction Fee that you can consider.
Pros
- Earns Delta SkyMiles on everyday business expenses.
- Provides travel benefits like priority boarding and free checked bags.
- Offers opportunities for earning Medallion Qualification Miles.
Cons
- Limited value if you don’t frequently fly with Delta.
- Annual fee may not be justified for infrequent travelers or those not loyal to Delta.
Benefits of Using Business Credit Cards Abroad
Businesses that do business around the world can get a lot of benefits from using their business credit cards abroad. Here are some good things:
Accessibility and Convenience: Business credit cards are an easy way to pay that is accepted all over the world. They can be used for many things, like paying for travel, lodging, meals, and purchases that are related to your business.
Currency Exchange: When compared to other ways of payment, business credit cards often have better exchange rates for currencies. There may be cost savings for businesses that deal in foreign currencies since of this.
Keeping track of expenses: Business credit cards make it easier to keep track of international transactions. Businesses can better keep track of and match up foreign expenses when they have detailed statements that show all of their spending.
Rewards and Perks: A lot of business credit cards offer rewards and perks that can help you travel. Some of these are cash back on travel costs, airline miles, hotel discounts, and travel insurance. These advantages can help the business save money and gain more value if they are used.
Emergency Situations: When you’re travelling abroad, business credit cards can be very helpful if you need extra money for emergencies or unplanned costs. Having a credit line can help you out financially when you need it.
Tips for Choosing the Right Business Credit Card for International Transactions
Picking the right business credit card for international transactions is important for keeping costs down and making sure that finances run smoothly. Here are some suggestions that will help you make a smart choice:
Acceptance Around the World: Make sure that the business credit card can be used in many countries around the world. Cards that are part of big credit card networks, like Visa, Mastercard, or American Express, are more likely to be accepted around the world.
Fees to Change Currencies: Keep an eye on the fees to change currencies. Some credit cards charge extra for transactions in currencies other than the cardholder’s own. Find cards that don’t charge a lot or any fees for foreign transactions to save money.
Rewards and Benefits: Think about the business credit card’s rewards and benefits. For business trips abroad, some credit cards offer cashback, travel rewards, or other perks that can be useful. Pick a card that fits the way you and your business usually spend money.
Travel Insurance and Protections: Check to see if the credit card comes with travel insurance, purchase protection, and other helpful features that can come in handy when you’re shopping abroad. These features can make your business safer and save you money.
Credit Limit and Spending Limits: Check the card’s credit limit to make sure it meets the needs of your business. Some cards also have controls and alerts for spending that let you keep an eye on and manage your money, which can be especially helpful when you’re shopping abroad.
FAQs
Vinay Bagri, Co-founder and CEO of Niyo and a longtime Indian banking veteran, helped us understand this new banking era.
Nobody else can use the lounge except the holder of an eligible Mastercard. The lounge will check the cardholder’s name against their boarding pass and passport for security.
