best no foreign transaction fee credit cards moving abroad

BEST NO FOREIGN TRANSACTION FEE CREDIT CARDS MOVING ABROAD HOW TO

If your move abroad is temporary, these are cards you want when you move back to the U.S. You're keeping these cards but don't plan to use them frequently. The card details on this page have not been reviewed or provided by the card issuer. The information for the Hilton Aspire Amex card has been collected independently by The Points Guy. For me, these are the Hilton Honors American Express Aspire Card (see rates and fees) for stays at Hilton properties as well as The Platinum Card® from American Express (see rates and fees) for lounge access and Fine Hotels & Resorts stays (Enrollment required for select benefits). In most cases, these cards shouldn't have foreign transaction fees. These are cards you'll use in specific situations, including airline- or hotel-specific cards. For me, these are the Chase Sapphire Reserve and whatever card I'm currently working on hitting a minimum spending bonus. They shouldn't have foreign transaction fees and should hopefully provide solid benefits and perhaps even a few bonus categories. These cards will become your everyday credit cards. Next, using the information gained during your credit card inventory, sort your open credit cards into five categories: Primary (Photo by Isabelle Raphael / The Points Guy) That being said, you may have trouble getting merchants to accept the card due to misconceptions that it will not work. And Discover can be useful in mainland China, as Discover's website notes you can use your card anywhere you see the Discover Network or China Union Pay acceptance mark. However, American Express is working hard to become more widely accepted. Visa and Mastercard are generally the most widely accepted credit cards, so make sure to have at least one of those. Research ahead of time which issuer is most accepted in your new country. And some other credit cards, including the Chase Sapphire Reserve, may work at some self-serve kiosks when you enter a random pin. Most U.S.-issued travel rewards credit cards still don't have chip and pin, although all Barclays and Bank of America cards have pin capability. Does this card have a chip-and-pin option? You won't want to pay foreign transaction fees when using a credit card in your new home. Does this card have a foreign transaction fee? frequently, but your Chase Sapphire Reserve will continue to be useful, as it earns 3x Ultimate Rewards points on travel and dining and features many benefits that'll likely still be useful internationally.

For example, your cobranded Southwest Airlines credit card might not be useful if you're moving to Europe and don't have plans to visit the U.S. When calculating the value provided by a card, consider both the value of the card's benefits and the value of the points earned from spending on the card. How much value will this card provide going forward? If you're like me, you may want to put together a spreadsheet to do this.

Your needs may change when you move, so evaluate the following for each credit card.

The first step before moving is to inventory your current credit cards. New to The Points Guy? Sign-up for our daily newsletter and check out our Beginner's Guide.

BEST NO FOREIGN TRANSACTION FEE CREDIT CARDS MOVING ABROAD HOW TO

In this guide, I'll describe how to organize and categorize your existing cards so you can make intelligent decisions about which cards will move with you, which ones you should store and which ones should be dismissed - as well as some other cards-related aspects to consider before your move. And if you're a TPG reader, one of these fronts is certainly credit cards.Īs TPG mainly caters to U.S.-based readers, this guide will focus on readers with U.S.-issued credits cards who are moving away from the U.S. It was originally published on April 24, 2018.Īn overseas move - whether for work, retirement or personal reasons - requires planning on many fronts. Editor's note: This post has been updated with current information.

Best no foreign transaction fee credit cards moving abroad