Does Chase Freedom Flex® have a foreign transaction fee?
Quick insights
- Foreign transaction fees are charges that may apply when you make purchases in a different currency or outside the U.S.
- It might be savvy to travel with a credit card that charges low foreign transaction fees.
- The Chase Freedom Flex® Credit Card offers low foreign transaction fees along with various ways to earn cash back on your everyday spending.
Planning an international trip involves a lot of details, from booking flights to mapping out your daily itinerary. As you prepare your travel budget, you might also think about how you plan to pay for meals and souvenirs once you arrive. Using a credit card abroad can be convenient, but fees can add up quickly. If you're looking to keep your expenses in check, you might consider exploring credit cards with low foreign transaction fees. Here's how the Chase Freedom Flex Credit Card might fit into your plans.
What are foreign transaction fees?
A foreign transaction fee is a charge that some credit card issuers add to purchases made outside the U.S. or in a foreign currency. These fees typically range from 2% to 5% of the total purchase amount.
While a few cents on a cup of coffee might not seem like much, these charges can add up over the course of a long vacation. Whether you're paying for a hotel stay, a rental car or a museum tour, those extra percentages may increase your overall travel expenses.
Traveling with the Chase Freedom Flex
When you travel internationally, bringing along a card that fits your spending habits can make a difference. While this benefit is often found on travel cards that charge an annual fee, the Chase Freedom Flex card offers a low foreign transaction fee and low annual fee. Plus, since it's a Mastercard®, it's widely accepted globally.
This means you can buy dinner in Paris or a train ticket in Tokyo with low foreign transaction fees on your purchases. By reducing these fees, you might be able to stretch your vacation budget a little further and spend your money on other experiences.
Earning cash back on your trip and at home
Beyond this benefit, this card provides several ways to earn rewards. Whether you're exploring a new country or running errands in your hometown, you can earn cash back on your purchases. Some of the card's features include:
- Earn 5% cash back on different categories that rotate each quarter, like gas stations, grocery stores and select online merchants, on up to $1,500 in total combined purchases each quarter you activate.
- Earn 5% cash back on travel purchased through Chase Travel℠.
- Earn 3% cash back on dining at restaurants, including takeout and eligible delivery services.
- Earn 3% on drugstore purchases.
- Earn 1% cash back on all other purchases.
In summary
Preparing for an overseas adventure is exciting, and finding ways to stretch your travel budget can make the trip even better. If you're looking to reduce the impact of foreign transaction fees, you might consider if the Chase Freedom Flex card is a good fit for your next getaway.
