So it’s important to shop around when looking for a currency vendor. It may come as no surprise that home currency payouts benefit the bank more than the customer. Learn more about how we make money and our editorial policies. But they’re not the only fee to be aware of. That’s because there’s a $0 annual fee to offset, and the rewards are straightforward, flexible, and never expire. Well you should have a credit card with no foreign transaction fees in your wallet. Nobody likes to pay foreign transaction fees when they’re traveling abroad. Take a look at our article to find out how to cancel a credit card step-by-step! Like all Capital One credit cards, the QuicksilverOne lets international travelers spend freely with no foreign transaction fees. See our picks for the best travel credit cards. That means you can get cash locally, whether you’re in the US, UK, Australia, or anywhere in the European Union. Wallet is now known as Google Pay - and sending money abroad is possible! 1.5% cash back on all purchases. Compensation may impact where offers appear. We may charge a fee to withdraw money on an international ATM for some types of accounts. See how Robinhood works, what are its main features, pros and cons, how much it costs, and much more! Keep an eye on Wise, because they have another great offer coming out soon. Who doesn’t love a vacation to a new country? On the positive side, the card charges no annual or foreign transaction fees, and it provides $0 fraud liability coverage, access to CreditWise … How to send money on Venmo in 7 easy steps? No Foreign Transaction Fees. You can do this ahead of time at a local bank, at a kiosk at the airport, or a currency exchange business in the city in which you arrive. 6,456 Reviews. With this card, there’s also a 0% introductory APR for the 15 months, which makes it a great choice for someone who wants to finance a large purchase, such as a vacation abroad. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. If you’re planning a trip abroad and you don’t have a credit card with no foreign transaction fees, consider giving the Capital One Quicksilver card a spot in your wallet. 6 Things to Do If You Want to Buy Your First House. The Quicksilver card has a $0 annual fee and no foreign transaction fees, making it a good choice for almost any purchase. The Capital One Quicksilver card features no annual or foreign transaction fees, though the APR can be comparatively high. Best “Chip & PIN” Card to Use in Europe. No Foreign Transaction Fees For complete details about the Capital One Quicksilver, check out their official terms & conditions . The standard foreign transaction fee for all Capital One cards is 0%. Terms apply, see rates & fees. 6. High cash back rewards rate: Every purchase with the Capital One QuicksilverOne Cash Rewards Credit Card earns 1.5% cash back. It also doesn’t charge a foreign transaction fee, making it a perfect travel companion if you’re planning a trip abroad. Annual Fee: $0. But nobody loves racking up foreign transaction fees on their credit card. https://www.capitalone.com/credit-cards/quicksilver/.   That makes this a great card to use when traveling, especially when you consider additional benefits such as travel accident insurance, concierge service, and travel assistance services. The annual fee for the Capital One QuicksilverOne card is $39. It earns 1.5% cash back on all purchases and has no annual fee and no foreign transaction fee. The Capital One Quicksilver does not charge foreign transaction fees. Not having a foreign transaction fee is unique for a cash back credit card. ... Capital One® Quicksilver® Cash Rewards Credit Card. As mentioned above, there’s no annual fee with the Capital One Quicksilver card and neither are there foreign transaction fees or balance transfers fees. The ideal credit card for travelers abroad is one that doesn’t include a foreign transaction fee. It will allow you to pay out in local currencies (no charge), withdraw up to $250 every day for up to 30 days (also no charge), exchange money at the real exchange rate, and convert money to a different currency for a low conversion fee (from 0.35% to 2.85%). This article breaks down the Capital One Quicksilver card, it’s rewards and fees (including foreign transaction fees), and then offers pointers about foreign currency exchange. You’ll get 1.5% cash back rewards on every purchase, every day in addition to an early spend bonus. Capital One® Quicksilver® Cash Rewards Credit Card. The Capital One Quicksilver Cash Rewards Credit Card doesn’t have an annual fee or foreign transaction fee. Here are the Capital One Quicksilver foreign transaction fee details: Capital One Quicksilver does not charge a foreign transaction fee. TCF Bank international wire transfer: everything you need to know, Capital One Quicksilver Credit Card Foreign Transaction Fees. Capital One offers an array of cards, some with foreign transaction fees, and some with none. FinanceBuzz is reader-supported. Read review. And it’s a Mastercard, so you won’t have trouble finding merchants that accept it. None of Capital One®’s U.S.-issued credit cards have international transaction fees. Capital One Quicksilver foreign transaction fees. And that’s great news for you, because foreign transaction fees will usually add an extra 1%-3% to every purchase you make. One of the most popular cash back cards on the market is the Capital One Quicksilver Cash Rewards Credit Card. The Capital One Quicksilver is a no-fee cash back card that earns 1.5% on every purchase. For frequent travelers, the Capital One Quicksilver is the clear winner when it comes to these two cards. It’s better to spend your money on skis, not fees. 5.0 on Chase's website. Which card earns or saves the most? Wise is releasing a Mastercard debit card. You’ll get additional warranty protection at no charge on eligible items that are … As mentioned above, there’s no annual fee with the Capital One Quicksilver card and neither are there foreign transaction fees or balance transfers fees. Cardholder benefits: As a cardholder, you will get benefits including emergency card services, fraud coverage and Mastercard identity theft protection. Intro offer. World travelers can move freely, without worrying about how they’re going to get local cash at a fair rate. Find out in this article. On the positive side, the card charges no annual or foreign transaction fees, and it provides $0 fraud liability coverage, access to CreditWise from Capital One… Many stores now offer Afterpay, but is Afterpay safe? You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The Capital One Quicksilver Cash Rewards Credit Card is a straightforward unlimited cash back card that offers 1.5% cash back on every purchase, regardless of its category. You can find the real exchange rate of a currency pair by searching it on Google, or by using Wise’s helpful currency converter. For 360 products (360 Checking, Money, etc.) An ATM is the wrong machine to trust with your currency conversion. Some offer you a competitive rate that leaves you walking out with plenty of cash, and some (especially the ones in airports) figure you’re in a hurry and won’t notice or mind if they pocket a few more cents on every dollar or euro. You can save a lot of money not having to pay an extra 3% every time you make a purchase. The Capital One Quicksilver Cash Rewards Credit Card is a simple flat cash back card with no annual or foreign transaction fees. Rewards Rate. Capital One Quicksilver. FinanceBuzz has partnered with CardRatings for our coverage of credit card products. 7. Current Rewards Offer: Unlimited 1.5% cash back. Bank of America® Travel Rewards credit card. All Capital One cards come with no foreign transaction fee, in fact. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. And that can happen with the wrong credit card. No Annual Fee: This Quicksilver card does not have an annual fee. The Capital One Quicksilver Cash Rewards Credit Card also offers a one-time $200 cash bonus to new cardmembers after you spend $500 on purchases within the first three months of opening the card. However, there are fees for cash advance services and late payments. Current Rewards Offer: 2X points on restaurants … … As you can see, the Capital One Quicksilver card is a wonderful option for a travel credit card. While the Chase Freedom card charges a 3% foreign transaction fee on all purchases made in a different currency in another country, the Capital One Quicksilver completely waives this common fee. You’ll get 1.5% cash back on every purchase you make. Capital One doesn’t charge foreign transaction fees, so this is one charge you won’t need to worry about with an account or card from this bank. On top of that, Capital One's easy rewards redemption adds to the popularity of the card as you'll … Slightly lower than that is the “sell” value, which is the price you can sell the currency for. To find out how to send money on Venmo, take a look at this article. Some retailers allow you to pay in your own currency, and you can also exchange cash at a currency exchange kiosk. Here’s a breakdown of costs you may run into when using your Capital One credit card. We have not included all available products or offers. Banks charge an unfavorable rate and pocket more of your money that way. There are no foreign transaction fees with this card, making it a good pick to bring with you outside the country. Is it possible to send money to your friends internationally with Google Wallet? If you want to start using a new card for an upcoming trip, this is a great option. Tips, Step-by-step guide & more, How To Send Money Internationally With Google Pay, Robinhood review: everything you need to know. The Capital One Quicksilver Cash Rewards Credit Card doesn’t charge an annual fee, making it worth considering for people who prefer to avoid annual fees. Savvy travelers will want to choose a credit card that lets them journey through the world without hitting them with an extra fee for every card swipe. Who this card is right for. It's actually quite easy – just follow these 7 steps in the article! Enjoy your travels! It’s an online bank account that you can access and withdraw from around the globe. No foreign transaction fee: You won't pay a fee for any transactions outside the U.S. Just make sure you’re able to pay off the full balance by the end of the introductory period, or you’ll be charged interest. Exchange rates are in a constant rate of fluctuation, so it’s helpful to have an objective resource that can tell you the current rate for a currency pair, like USD/EUR (US dollars and Euros). By submitting this form you agree to receive emails from FinanceBuzz and to the privacy policy and terms. This makes it one of the best cards for earning cash back on international spending and travel. Plus, Capital One can provide you with a virtual credit card number that you can use for online shopping, so you don’t have to disclose your actual card number to merchants. You can see some other charges you may face in the sections above, and checking terms and conditions will likely help, too. ATMs often give you the option of taking your payout in your home currency. 5. The first thing to watch out for is how you receive your payout. Seems like they’re doing you a favor, but ask yourself: why are they offering this? We have the best listed for you here! This includes Eno, the Capital One Virtual Assistant that's available 24/7 to answer questions and that monitors your card to provide you with alerts, as well as Tap to Pay. Even if you purchase your hotel reservations while in the US, companies are now adding the foreign transaction fees in addition to hospitality taxes. The Citi Double Cash has a 3% foreign transaction fee, which will negate all the value of the cash back you earn and result in a net cost of at least 1% of your purchases. First, it offers nice rewards perks, in the form of both a $150 cash bonus for spending $500 within three months, and 1.5% cash back on every purchase. You can earn a $200 cash back bonus after spending $500 in the first 3 months. That makes this a great card to use when traveling, especially when you consider additional benefits such as travel accident insurance, concierge service, and travel assistance services. They can also apply to online or phone purchases made through internationally located … Annual Fee. CreditWise From Capital One. The Capital One Platinum also has no foreign transaction fee and a $0 annual fee. One can’t-miss way to avoid the entire hassle is to use a Wise Borderless account. You ... Capital One Quicksilver Cash Rewards Credit Card, 1.5% cash back on every purchase, every day. These foreign transaction fees can quickly add up, especially if you are buying expensive items on a credit card and having them sent back to the states. We may receive compensation from the products and services mentioned in this story, but the opinions are the author's own. The Wise currency converter gives you the fair exchange rate, their multi-currency account lets you get cash for the optimal exchange rate, and the soon-to-be-released Wise debit card lets you make purchases directly from your borderless account with no cash withdrawal required. Cancelling a credit card might take more than just cutting it in half. That’s because there are plenty of great credit cards that don’t have any foreign transaction fees, including the Capital One Quicksilver credit card. No foreign transaction fee: You won't pay a fee for any transactions outside the U.S. The Capital One Quicksilver foreign transaction fee is $0. The Capital One Quicksilver Credit Card has no annual fee and offers a flat 1.5% cash back on every purchase you make, plus a $150 cash bonus for new cardholders after only $500 in spending. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. To join the waitlist for the Wise debit Mastercard, visit here. Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money. Here’s a breakdown of costs you may run into when using your Capital One credit card. But wise travelers know to be careful with ATMs. Extended Warranty. There is a 3% balance transfer fee if the transfer occurs during the 15-month 0% APR introductory period. These benefits make this Capital One credit card one of the best cash back credit cards for someone who also likes to travel. It charges an annual fee of $0, and because it has no foreign transaction fees, it's one of the best cash-back cards to take with you when traveling internationally. That may not be much when applied to a baguette, but it adds up quickly over the course of a vacation, especially when you factor in bigger-ticket items like train tickets and car rentals. What I Like About My Quicksilver Card No Foreign Transaction Fees. But there’s another sneaky type of fee that can eat into your travel budget, and that’s currency exchange rates. Add to compare. Most cash rewards cards without an annual fee still charge a foreign transaction fee. FinanceBuzz and CardRatings may receive a commission from card issuers. What’s more, you’ll continue to earn an 1.5% cash back rewards on every purchase, every day, which can help you save up for your next globetrotting experience. Foreign transaction fees are an understandable concern for frequent travelers. You won’t have to pay any bank fees, and your cash will be exchanged at the mid-market rate. It’s a great deal for them, not you. We all enjoy the sights, sounds, smells, and tastes of a foreign locale. Foreign transaction fees Like other Capital One cards, the Quicksilver doesn’t impose any fees on transactions processed outside of the United States. It’s easy to earn the welcome bonus, and you can put that money toward covering your recent travel purchases. Rather, they offer you a less favorable exchange rate than the real exchange rate you see on Wise, and pocket the difference. And will it affect your credit score? Points. Capital One Quicksilver Fees The card’s fees are in line with other credit cards, but travelers will appreciate that there are no foreign transaction fees. No Capital One credit card charges a foreign fee. The Capital One QuicksilverOne Cash Rewards Credit Card charges no foreign transaction fees regardless of credit score. Good to Excellent. FinanceBuzz.com does not make any credit decisions. However, there are fees for cash advance services and late payments. The Capital One Quicksilver does not charge foreign transaction fees. It also doesn’t carry an annual fee or a foreign transaction fee. Pay no annual fee or foreign transaction fees; Rates and Fees. The Capital One Quicksilver card is a great choice for someone … Other cards for all rewards When you travel abroad, you have a few options to pay for your purchases. The Capital One Quicksilver card is a great choice for someone who is just getting started with travel rewards. Here you can find all the information you need. Currency exchange businesses don’t charge you a fee for exchanging your currency. Although it’s a small amount, typically ranging from 1-3% of the purchase price, these fees can add up quickly, and there’s no reason to pay them. Issuer Name Capital One; Credit Needed Excellent, Good; Annual Fee $0; APR 15.49% - … Credit cards are a helpful personal finance tool, but they can come attached with additional fees in addition to foreign transaction fees. Terms apply, see rates & fees. Welcome Bonus: $200 cash bonus after you spend the first $500 on purchases in the first 3 months. 8. Prior results do not guarantee a similar outcome. FinanceBuzz is not a financial institution and does not provide credit cards or any other financial products. 1x-3x. Annual Fee: $95. Recently, Bank of America and American Express raised their international transaction fees. ATMs are a convenient way to get extra cash when traveling. Borderless account holders are issued personal banking details for a group of countries. Capital One charges 0% foreign transaction fees for all of its credit cards, and for its debit cards for 360 products (such as 360 Checking and 360 MONEY). CNBC Select breaks down rewards, benefits and fees associated with it, … You pay no annual fee or foreign transaction fee, and earn cash back on your purchases. Let’s dive in. so, there are $0 Capital One Quicksilver international fees for using your card abroad or shopping online from foreign-based merchants. If you’re a world traveller, keep Wise in mind for your financial needs. Capital One Quicksilver credit card foreign transaction fees — the basics $150 cash bonus once you spend $500 within 3 months. No Foreign Transaction Fee: This one was the biggest one for me, I relied on my American Express card on my recent trip and I was only able to use it at 2 places over 3 weeks in different countries. For me, living abroad most of the year, this is the major selling point on all of Capital One’s credit cards, and one of the reasons it makes for a good rewards credit card for expats and travelers. The Capital One Quicksilver Cash Rewards Credit Card has no annual fee and no foreign transaction fees and feature. However, it may charge a fee of $2 plus 3% of the transaction amount for non-360 products when you withdraw from an ATM abroad. $95. Do you have a TCF account and need to send and receive an international wire? However, paying with a credit card is often the most convenient option, provided that card doesn’t have foreign transaction fees. With Wise, managing your money on-the-go is easy and cheap. Benefit: With the Capital One QuickSilverOne Cash Rewards Credit Card, your benefits include emergency card services, fraud coverage and MasterCard identity theft protection. Ultimately, you are responsible for your financial decisions. See our full review of the Capital One Quicksilver. Capital One QuickSilver Cash Rewards credit card holders get benefits including no foreign transaction fees, emergency card services and fraud coverage. Foreign countries use different currencies than your home country, obviously. That 3% fee completely eliminates any rewards you would earn with the card outside the U.S., so the Quicksilver is the better option if you are planning to use it on international trips. If an ATM lets you choose to be paid out in your home currency or the local currency, always choose local. there are no additional fees when you use your debit card abroad (any transaction made in a foreign currency or that MasterCard® classifies as a cross-border transaction). It’s one less thing to worry about once you’re comfortable traveling internationally again. The Capital One Quicksilver card is a winning choice for a traveler’s credit card. The Capital One Quicksilver doesn’t charge foreign transaction fees, while the Chase Freedom Unlimited charges a 3% fee when you swipe abroad. Some credit card issuers will charge a foreign transaction fee when you make a purchase abroad. Chase Sapphire Preferred Card. The table below breaks down the fees and rewards for the Capital One Quicksilver card. The Capital One Quicksilver doesn't charge any foreign transaction fees, while the Chase Freedom Unlimited charges 3 percent on each purchase made overseas. This “service” goes by another name: “Dynamic Currency Conversion.” It may seem like a helpful offer for the traveler, taking a payout in your native currency gives the bank the power to set its own rate and stuff hidden fees into that rate. With no foreign transaction fees, the Capital One Quicksilver Cash Rewards Credit Card can be good for your vacation expenses that don’t fall into bonus categories. How to cancel a credit card? All currency pairs have two values at any given time. Capital One QuicksilverOne has no foreign transaction fee. A foreign transaction fee is a percentage (usually around 3%) added to a credit card purchase in a foreign country. Read more Capital One Cash Advances: What They Are and Why to Avoid Them $150 cash bonus once you spend $500 within 3 months. Here’s a tip: when searching for a trustworthy currency vendor, look for one that offers an exchange rate closest to the mid-market rate. With Quicksilver, you won’t pay foreign transaction fees when making purchases outside the United States. The Capital One Quicksilver also offers several convenience features that make shopping and using your card simple. Some typical fees are an annual fee (Capital One Quicksilver also doesn’t have this), a penalty fee charged on late payments or payments that the bank returns, cash advance fees, and balance transfer fees. Lots of straight up cash back cards similar to the Quicksilver from other banks do have foreign transaction fees. They offer a wealth of services that take the headache out of money management abroad. Capital One Quicksilver vs. Capital One QuicksilverOne By Benjamin Pape , CardRatings Contributor Updated, February 17, 2021 Our credit card articles, reviews and ratings maintain strict editorial integrity ; however we may be compensated when you click on or are approved for offers (terms apply) from our partners. It is not intended to amount to advice on which you should rely. FinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions. There’s the “buy” value, which is the price you can buy a currency at. 100,000. Foreign transaction fees aren’t just for in-person transactions. If, however, your credit card does charge foreign transaction fees, you may want to pay with cash when you can and use a debit card that charges low rates for international ATM transactions. So in order to spend money in another country, you have to have your cash changed into cash in the local currency.