Understanding Chase Sapphire Preferred Transaction Fees

The Chase Sapphire Preferred card has a 3% foreign transaction fee, which can add up quickly if you're traveling abroad.

This fee is applied to all transactions made outside of the US, including purchases and cash advances.

The good news is that this fee can be avoided by using your card for purchases made in the US, even if the merchant is a foreign company.

This means you can still earn rewards on international purchases without incurring the 3% fee.

If you're considering getting a Chase Sapphire card, you have a few options to choose from. The Chase Sapphire Preferred Card has an annual fee of $95 and no foreign transaction fee.

The Chase Sapphire Reserve, on the other hand, has a significantly higher annual fee of $550, but also no foreign transaction fee.

If you're looking for a more affordable option, the Marriott Bonvoy Bold Credit Card has no annual fee, making it a great choice for those who want to avoid extra charges.

For another approach, see: Chase Sapphire with No Annual Fee

Here's a comparison of the Chase Sapphire cards:

The Chase Sapphire Preferred transaction fee is a crucial aspect to consider, especially for international travel. The card has no foreign transaction fees, which means you won't be charged 3% on each transaction in U.S. currency.

This is a significant advantage, especially in countries where the dollar is weaker than the local currency. For instance, if you spend $1,000 on a trip, you'd save $30 in fees with the Chase Sapphire Preferred.

The annual fee for the Chase Sapphire Preferred is $95, which is relatively low compared to other travel credit cards. You can recoup this fee by spending as little as $3,800 on travel and/or dining each year and redeeming points through Chase Travel℠.

Here's a comparison of the Chase Sapphire Preferred with other Chase cards that have no foreign transaction fees:

The Chase Sapphire Preferred is a solid choice for travelers who want to earn extra value on travel-related points, enjoy travel protections, and snag discounts. Its $95 annual fee is relatively modest compared to other travel credit cards.

If you're willing to pay a higher fee, consider the Chase Sapphire Reserve, which offers even more benefits, but be prepared for a higher price tag.

The Chase Sapphire Preferred's annual fee can be easily recouped if you maximize its benefits, making it a worthwhile investment for frequent travelers.

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If you're looking for a Chase card with no foreign transaction fees, you have several options.

The Chase Sapphire Preferred Card has an annual fee of $95 and offers 5X points on travel purchased through Chase Travel℠, among other rewards.

The Chase Sapphire Reserve, on the other hand, has a much higher annual fee of $550, but also offers 5X points on flights and 10X points on hotels and car rentals when you purchase travel through Chase Travel℠.

The Southwest Rapid Rewards Premier Credit Card has an annual fee of $99 and offers 3X points on Southwest purchases, as well as 2X points on Rapid Rewards hotel and car rental partners.

Here's a comparison of some popular Chase cards with no foreign transaction fees:

The Marriott Bonvoy Bold Credit Card has no annual fee and offers up to 14X total points at hotels participating in Marriott Bonvoy.

The United Gateway℠ Card also has no annual fee and offers 2x miles on United purchases, at gas stations, and on local transit and commuting.

A different take: Chase Sapphire Prefered United Quest