The Chase Sapphire Preferred® Card is our overall pick for the best no foreign transaction fee card. It has a fairly reasonable $95 annual fee, offers solid earning rates for flexible rewards, valuable redemption options and is packed full of travel and consumer protections.
Rewards: Earn 5 points per dollar on travel purchased through Chase Travel℠, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on other purchases.
Welcome offer: Earn 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening.
Annual fee: $95
Other benefits and drawbacks: The Chase Sapphire Preferred® Card offers primary rental car insurance coverage, trip delay coverage, trip cancellation/interruption coverage and baggage delay coverage. You can transfer Chase Ultimate Rewards® points at a 1:1 ratio to any of Chase’s transfer partners, including United MileagePlus and World of Hyatt or redeem for 1.25 cents each through Chase Travel or eligible Pay Yourself Back transactions.