1.Lloyds Ultra Credit Card
Lloyds
- 1%Cashback on all purchases for the first year
- 0.25%Cashback on all purchases thereafter
Earn 1% cashback on all card purchases you make in the first year from account opening. After that, earn 0.25% cashback.
1% cashback on all purchases for the first 12 months, dropping to 0.25% thereafter.
12.9% Variable APR
The Lloyds Ultra Credit Card stands out as the top choice because it offers a straightforward cashback structure with no annual fees, making it ideal for everyday spending and international use.
Pros:
- No annual fee
- 1% cashback on all purchases for the first year
Cons:
- Cashback rate drops significantly after the first year
- Interest applies to cash withdrawals
2.Halifax Clarity Mastercard
Halifax
- No rewards breakdown available
£20 cashback for new customers who make a purchase within the first 90 days of account opening.
No cashback on general purchases; cashback available through Cashback Extras program.
23.9%-27.9% Variable APR
What sets the Halifax Clarity Mastercard apart is its focus on fee-free spending abroad, making it a top choice for travelers who want to avoid foreign transaction fees.
Pros:
- No foreign transaction fees
- No annual fee
Cons:
- Interest charged on cash withdrawals
- Limited cashback options
3.Barclaycard Rewards Visa
Barclaycard
- 0.25%Cashback on eligible purchases
Get 0.25% cashback on eligible purchases.
0.25% cashback on eligible purchases.
28.9% Variable APR
The standout feature here is the Barclaycard Rewards Visa's straightforward cashback offering, which provides a simple way to earn rewards on everyday spending without foreign transaction fees.
Pros:
- No fees abroad
- Cashback on eligible purchases
Cons:
- Low cashback rate
- Higher APR
4.Virgin Money Travel Credit Card
Virgin Money
- 1%Cashback on spending for the first 90 days
- 0.25%Cashback on spending thereafter
Earn 1% cashback on spending for the first 90 days.
1% cashback on spending for the first 90 days, dropping to 0.25% thereafter.
24.9%-27.9% Variable APR
This card shines for its travel benefits, particularly the lack of foreign transaction fees and the introductory 0% interest on purchases, making it a solid choice for frequent travelers.
Pros:
- No foreign transaction fees
- 0% interest on purchases for 9 months
Cons:
- Higher fees for cash advances
- Limited rewards structure
5.NatWest Travel Reward Credit Card
NatWest
- 1%Rewards on eligible travel spending
- 0.1%Rewards on other purchases
N/A
1% back on eligible travel spending, 0.1% on other purchases.
27.9% Variable APR
A key differentiator is the NatWest Travel Reward Credit Card's focus on travel-related rewards, providing a solid return on eligible travel spending while maintaining no foreign transaction fees.
Pros:
- No foreign transaction fees
- 1% back on travel spending
Cons:
- No upfront welcome bonus
- Lower cashback on non-travel purchases
- 5%Points on eligible restaurant, grocery, and household utility purchases
- 1%Points on all other purchases
Up to 30,000 bonus points within the first 90 days.
Up to 5 points per $1 spent on eligible purchases.
12.9% Variable APR
The MBNA Travel Cashback Credit Card is a premium option that offers high-value rewards on everyday spending, making it an attractive choice for those who frequently shop in eligible categories.
Pros:
- High earn rates on everyday spending
- Flexible redemption options
Cons:
- Limited to specific categories for higher rewards
- Potentially high fees for cash advances
Final Words
As you navigate the best credit cards with no foreign transaction fees this January, remember that choosing the right card can significantly enhance your travel experience. Take time to compare the options available to you, ensuring that your choice aligns with your spending habits and travel plans for informed financial decisions.
Frequently Asked Questions
Earn 1% cashback on all card purchases you make in the first year from account opening. After that, earn 0.25% cashback.
The Halifax Clarity Mastercard offers no cashback on general purchases; cashback is available through the Cashback Extras program.
You can earn 0.25% cashback on eligible purchases with the Barclaycard Rewards Visa.
Yes, many of the top no foreign transaction fee credit cards, such as the Lloyds Ultra Credit Card, Halifax Clarity Mastercard, and Barclaycard Rewards Visa, have no annual fees, making them attractive options for travelers.
Consider the welcome bonuses, reward rates, and any additional fees associated with the card. It's important to evaluate how you plan to use the card and whether the rewards align with your spending habits.
You can apply for a no foreign transaction fee credit card online through the provider's website. Be prepared to provide personal and financial information for the application process.
Yes, many no foreign transaction fee cards, such as the Lloyds Ultra Credit Card, offer cashback rewards, allowing you to earn money back on your purchases, including those made abroad.
