The 8 Best Small Business Credit Cards With No Foreign Transaction Fees

Updated on November 3, 2020

The 8 Best Small Business Credit Cards With No Foreign Transaction Fees

  1. Ink Preferred
  2. Spark Miles
  3. Business Platinum Card
  4. Spark Cash
  5. The Plum Card
  6. Bank of America® Business Advantage Travel Rewards World Mastercard®
  7. Spark Cash Select
  8. Spark Classic

A foreign transaction fee only comprises a single bullet amid the seemingly never-ending list of potential fees you could incur with a business credit card. But if you’re doing a lot of business spending abroad, this single fee could end up costing you majorly.

With foreign transaction fees typically rounding in at 2% to 3% of every purchase you make abroad, jet-setting business owners are often on the hunt for business credit cards with no foreign transaction fees.

For entrepreneurs who need the reassurance of no foreign transaction fee as they invest in their business beyond the boundaries of the U.S., we’ve compiled a list of the top eight best small business credit cards that won’t charge you for spending abroad.

So, based on what you’re looking for in your no foreign transaction fee business credit card—be it travel rewards, cash back, no annual fee, or access for those with average credit—here are our top picks:

See All of Your Best Business Card Options

Best Small Business Travel Credit Cards With No Foreign Transaction Fee

In complete honesty, you’re not going to have a tough time finding travel business credit cards. Zero foreign transaction fees and travel rewards for business are an iconic duo that many card issuers have packaged together. That said, having so many travel business credit cards with no foreign transaction fees won’t necessarily make it easier to choose the best for your business. As such, we’ve sifted through all the travel rewards business card options to find the very best ones without foreign transaction fees:

Chase Ink Business Preferred

Credit Card

Credit Card

Ink Business Preferred® Credit Card
5Fundera Score

Great For: Point redemption rewards

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on Chase's secure website
  • 100,000 point signup bonus if you spend $15K in first 3 months
  • 3x or 1x points depending on how you spend
Credit Card
Apply Now
on Chase's secure website
Welcome offerafter you spend $15,000 in first 3 monthsRewards ratefor the first $150,000, then 1x pointsAnnual feeMinimum credit
100,000 points1 or 3 points95700

The Ink Preferred is a no foreign transaction fee business credit card that offers one of the most generous welcome bonuses on the market—as well as a tiered rewards structure.

Keep in mind, though, this no foreign transaction fee business credit card won’t be completely fee-free: You’ll have to pay an annual fee of $95 to be a cardholder.

Capital One Spark Miles for Business

Credit Card

Credit Card

Capital One® Spark® Miles for Business
4.9Fundera Score

Great For: Simple travel rewards

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  • Earn 2 miles per $1 on every purchase
  • Earn a 50,000 mile sign-up bonus
  • No foreign transaction fees
Credit Card
Welcome offeronce you spend $4,500 on purchases within 3 months from account openingRewards rateon every purchaseAnnual feefirst year, then $95Minimum credit
50,000 miles2 points0660

If you’re looking for a no-fuss, easy-to-use travel business credit card with no foreign transaction fee, then the Capital One Spark Miles for Business will be your best bet. For every dollar you spend with the card, you’ll earn 2x miles. Simple as that.

Again, you’ll have to pay to access these rewards—the Spark Miles has an annual fee of $95, but it won’t set in until your second year with the card.

The Business Platinum Card From American Express

Credit Card

Credit Card

The Business Platinum Card® from American Express
5Fundera Score

Great For: Luxury travel perks and rewards

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on American Express's secure website
  • Earn up to 100,000 points if you spend $15,000 in the first 3 months.
  • 5x points on flights and prepaid hotels booked through Amex.
  • Best airport lounge access of any card on the market. 
  • No preset spending limit, so you can use the card to fund your working capital.
Credit Card
Apply Now
on American Express's secure website
Welcome offerif you spend $15k in first 3 monthsRewards ratebased on where you spend moneyAnnual feeMinimum credit
100,000 points5 or 1 points595700

Alternatively, if you want the most luxury travel perks that a business card with no foreign transaction fee can offer you, then look to the AMEX Business Platinum Card. If you’re planning on paying off your spending in full from month to month, and you want to access the pinnacle of travel rewards, then this is your go-to card. You’ll be able to earn 5x rewards on flights and prepaid hotels that you book through AMEX’s travel portal. Plus, you’ll gain access to AMEX’s airport lounge, and you’ll have a TSA Precheck or Global Entry statement credit so that you can travel in style.

Again, though you won’t have to pay a fee for foreign transactions with this card, you will have to pay for the card itself. The Business Platinum will have an annual fee of $595, so be sure you’ll get enough value out of it to justify that yearly cost.

Find Your Best Business Card Options

Best No Foreign Transaction Fee Business Cards for Cash Back

On the other hand, a business credit card with no foreign transaction fee that’s not specifically meant for business travel might be harder to come by. If you’re a business owner who does a lot of spending abroad but would prefer to earn in cash back rather than travel rewards, you’re in a demographic that fewer card issuers tend to cater to.

You’ll still have some pretty solid options, nonetheless. Two top cash back business credit cards won’t charge you foreign transaction fees, so let’s check them out:

Capital One Spark Cash for Business

Credit Card

Credit Card

Capital One® Spark® Cash for Business
5Fundera Score

Great For: Simple cash back rewards

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  • Unlimited 2% cash back on every purchase with no cap
  • Earn a $500 as signup bonus if you spend $4,500 in the first 3 months
  • Annual fee waived first year
Credit Card
Welcome offerif you spend $4,500 in the first 3 monthsRewards rateon every purchase with no capsAnnual feefirst year, then $95Minimum credit
$5002% cash back0660

If you’re looking for straightforward cash back rewards from a business credit card with no foreign transaction fee, then the Capital One Spark Cash should do the trick. You’ll earn an unlimited 2% cash back for every single dollar you spend with it.

And even though this business credit card with no foreign transaction fee will carry an annual fee of $95, the annual fee won’t set in until your second year with the card.

The Plum Card From American Express

Charge Card

Charge Card

The Plum Card® from American Express
3.3Fundera Score

Great For: Discounts for paying early

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on American Express's secure website
  • Unlimited 1.5% cash back on every purchase with no cap if you can pay early
  • No preset spending limit
  • Choose your billing cycle and take up to 60 days to pay your balance
Charge Card
Apply Now
on American Express's secure website
Welcome offerRewards rateif you pay earlyAnnual feefirst year, then $250Minimum credit
N/A1.5% cash back0660

If you’re looking for payment flexibility from a business credit card with no foreign transaction fee, then your one and only option will be the Plum Card from American Express. If you’re able to pay down your statement within 10 days of your statement closing date, then you’ll be able to earn an unlimited 1.5% cash back on it. However, if you need a bit more time to pay down your spending one month, you’ll have a grace period of 60 days to do so without incurring fees or interest—you just won’t be able to earn that 1.5% cash back for it.

Keep in mind: The Plum Card is a charge card like the Business Platinum Card, so you’ll need to pay down your balance in full every month, even if you do have a bit more wiggle room for when exactly you have to do so. Also be sure to note that the Plum Card comes with an annual fee of $250, but AMEX will waive the fee for your first year with the card.

 

Best Small Business Credit Cards With No Foreign Transaction Fee or Annual Fee

Perhaps you want to access a business credit card with as few fees as possible. No matter how much rewards value or cash back you can eke out of a business card, paying an annual fee is never quite fun. If you’re averse to paying fees, generally, and not just foreign transaction fees, then we suggest you consider the following three business credit cards with no foreign transaction fee and no annual fee:

Bank of America® Business Advantage Travel Rewards World Mastercard®

Credit Card

Credit Card

Bank of America® Business Advantage Travel Rewards World Mastercard®
4.6Fundera Score

Great For: Travel rewards on unlimited spending

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  • 3 points per every dollar on travel booked through Bank of America portal
  • 1.5 points unlimited for every $1 spent on all other purchases
  • 0% intro APR on purchases for first 9 billing cycles
  • Earn 30,000 bonus points if you spend $3,000 in first 90 days
Credit Card
Welcome offerafter spending $3K in first 90 days of account openingRewards ratedepending on where you spendAnnual feeMinimum credit
30,000 bonus points1.5 or 3 points0700

If you’re looking for a travel card with no foreign transaction fee or annual fee, then the Bank of America® Business Advantage Travel Rewards World Mastercard® is your top option to consider. This no-fee business credit card will allow you to earn:

  • 3x rewards on travel you book through Bank of America’s travel portal
  • 1.5x rewards for every other dollar you spend
  • 30,000 points if you spend $3,000 in 90 days

If you’re looking to earn free travel without having to pay to spend, then this might be your bet.

Capital One Spark Cash Select for Business

Credit Card

Credit Card

Capital One® Spark® Cash Select for Business

Great For: Unlimited cash back

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  • Unlimited 1.5% cash back on every purchase with no cap
  • 0% intro APR on purchases for 9 months
  • No annual fee
Credit Card
Welcome offerif you spend $3k in first 3 monthsRewards ratebased on where you spend moneyAnnual feeMinimum credit
$200 cash back1.5% cash back0700

Alternatively, if you want to earn cash back with your business credit card with no foreign transaction fee—and you don’t want to pay a yearly fee to do so—then the Capital One Spark Cash Select is the perfect no-fee business credit card for you. For every dollar you spend with this card, you’ll earn an even, unlimited 1.5% cash back. And if you’re able to spend $3,000 within your first three months with the card, then you’ll earn an additional $200 cash back as a welcome bonus.

Find Your Best Business Card Options

Best Small Business Credit Cards With No Foreign Transaction Fee for Average Credit

All of the no foreign transaction fee business credit cards we’ve highlighted so far require good-to-excellent personal credit. Unfortunately, this makes them inaccessible for business owners who are working with average credit. On the brighter side, there is one business credit card that’s available to business owners who have a FICO score of at least 580—and it just so happens, this card won’t charge a foreign transaction fee. Let’s take a look at the details on this option:

Capital One Spark Classic for Business

Credit Card

Credit Card

Capital One® Spark® Classic for Business

Great For: Business owners with fair or average credit

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  • No annual fee
  • 1% cash back on all purchases with no cap
  • Rebuild personal and business credit
Credit Card
Welcome offerRewards rateAnnual feeMinimum credit
None1% cash back0580

The eighth and final option in our list of the best business credit cards with no transaction fees is the Capital One Spark Classic for Business. Through this card, business owners with personal credit as low as 580 can access unsecured credit and cash back—all for no annual fee or foreign transaction fee at all. For every dollar you spend with the Spark Classic, you’ll do so knowing that you’re earning an unlimited 1% cash back and that you’re not paying any foreign transaction fees.

Finding the Best No Foreign Transaction Fee Business Credit Card for You

Spending to spend is rarely ideal—even if a business credit card provides droves and droves of value through its rewards program, paying fees to make purchases abroad will only serve to detract (and distract) from this value. So, if you’re spending overseas and across borders, you should seriously consider applying for one of these eight business credit cards with no foreign transaction fees—even if to simply supplement any other business credit card with foreign transaction fees you might already have. All in all, having a no foreign transaction fee business credit card ready in your wallet will allow you to save untold sums on avoidable fees.

Compare the Best Credit Cards

Top Pick
American Express Blue Business Cash™ Card
Ink Business Cash® Credit Card
The Blue Business® Plus Credit Card from American Express
Ink Business Unlimited® Credit Card

American Express Blue Business Cash™ Card

Ink Business Cash® Credit Card

The Blue Business® Plus Credit Card from American Express

Ink Business Unlimited® Credit Card

Fundera Score

4.7

Fundera Score

4.4

Fundera Score

4.8

Fundera Score

4.6

Welcome Offer

$250

Welcome Offer

$750 cash back

Welcome Offer

15,000 points

Welcome Offer

$750 cash back

Rewards Rate

2% or 1% cash back

Rewards Rate

5%, 2% or 1% cash back on purchases

Rewards Rate

2 points

Rewards Rate

1.5% cash back

Annual Fee

$0

Annual Fee

$0

Annual Fee

$0

Annual Fee

$0

Minimum Credit

Excellent (660-699)

Minimum Credit

Excellent (660-699)

Minimum Credit

Excellent (700+)

Minimum Credit

Excellent (660-699)
Apply Now
on American Express's secure website
Read Full Review
Apply Now
on Chase's secure website
Read Full Review
Apply Now
on American Express's secure website
Read Full Review
Apply Now
on Chase's secure website
Read Full Review
Top Pick
American Express Blue Business Cash™ Card

American Express Blue Business Cash™ Card

Fundera Score

4.7

Welcome Offer

$250

Rewards Rate

2% or 1% cash back

Annual Fee

$0

Minimum Credit

Excellent (660-699)
Apply Now
on American Express's secure website
Read Full Review
Ink Business Cash® Credit Card

Ink Business Cash® Credit Card

Fundera Score

4.4

Welcome Offer

$750 cash back

Rewards Rate

5%, 2% or 1% cash back on purchases

Annual Fee

$0

Minimum Credit

Excellent (660-699)
Apply Now
on Chase's secure website
Read Full Review
The Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express

Fundera Score

4.8

Welcome Offer

15,000 points

Rewards Rate

2 points

Annual Fee

$0

Minimum Credit

Excellent (700+)
Apply Now
on American Express's secure website
Read Full Review
Ink Business Unlimited® Credit Card

Ink Business Unlimited® Credit Card

Fundera Score

4.6

Welcome Offer

$750 cash back

Rewards Rate

1.5% cash back

Annual Fee

$0

Minimum Credit

Excellent (660-699)
Apply Now
on Chase's secure website
Read Full Review
Maddie Shepherd
Contributing Writer at Fundera

Maddie Shepherd

Maddie Shepherd is a former Fundera senior staff writer and current contributing writer for Fundera. 

Maddie has an extensive knowledge of business credit cards, accounting tools, and merchant services, but specializes in small business financing advice. She has reviewed and analyzed dozens of financial tools and providers, helping business owners make better financial decisions. 

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