best travel debit card no fees

Travel Debit CardSource: bing.com

Traveling around the world is an exciting adventure, but it can also be expensive. One of the biggest expenses of travel is the fees that come with using your debit card in foreign countries. These fees can add up quickly and put a damper on your trip. Luckily, there are travel debit cards that offer no fees for international transactions. In this article, we will explore some of the best travel debit cards with no fees.

What is a Travel Debit Card?

What Is A Travel Debit CardSource: bing.com

A travel debit card is a type of debit card that is designed for use when traveling abroad. It has features that make it ideal for international travel, such as low or no foreign transaction fees, no ATM withdrawal fees, and favorable exchange rates. Many travel debit cards also offer rewards programs that allow you to earn points or cash back on your purchases.

Best Travel Debit Cards with No Fees

Best Travel Debit CardsSource: bing.com

Here are some of the best travel debit cards that offer no fees for international transactions:

Card Name No Foreign Transaction Fees No ATM Withdrawal Fees Rewards Program
Schwab Bank High Yield Investor Checking Account Yes Yes No
Capital One 360 Checking Account Yes Yes Yes
Alliant Credit Union High-Rate Checking Account Yes Yes, up to $20/month Yes
Charles Schwab Debit Card Yes Yes No

Schwab Bank High Yield Investor Checking Account

Schwab Bank High Yield Investor Checking AccountSource: bing.com

The Schwab Bank High Yield Investor Checking Account is a great option for travelers who want to avoid fees. This account has no foreign transaction fees, no ATM withdrawal fees, and no monthly service fees. Additionally, Schwab reimburses any ATM fees you may incur while using your debit card abroad. The account requires a minimum opening deposit of $0 and has no minimum balance requirements. However, you do need to have a Schwab brokerage account to open this checking account.

Capital One 360 Checking Account

Capital One 360 Checking AccountSource: bing.com

The Capital One 360 Checking Account is another great option for travelers. This account has no foreign transaction fees, no ATM withdrawal fees, and no monthly service fees. Additionally, there are no minimum balance requirements and you can earn cash back on your purchases through Capital One’s rewards program. The account also comes with a mobile app that allows you to easily manage your money while on the go.

Alliant Credit Union High-Rate Checking Account

Alliant Credit Union High-Rate Checking AccountSource: bing.com

The Alliant Credit Union High-Rate Checking Account is a great option for travelers who want to earn high interest rates on their deposits. This account has no foreign transaction fees and comes with a rewards program that allows you to earn cash back on your purchases. However, there is a $20/month ATM withdrawal fee reimbursement limit. To open this account, you need to become a member of Alliant Credit Union, which requires a $5 donation to an affiliated charity.

Charles Schwab Debit Card

Charles Schwab Debit CardSource: bing.com

The Charles Schwab Debit Card is a great option for travelers who already have a Schwab brokerage account. This account has no foreign transaction fees and no ATM withdrawal fees. Additionally, Schwab reimburses any ATM fees you may incur while using your debit card abroad. However, there is no rewards program associated with this account. To open this account, you need to have a Schwab brokerage account, which requires a minimum opening deposit of $1,000.

FAQ

What are foreign transaction fees?

Foreign transaction fees are fees that some banks charge when you use your debit card to make purchases in foreign countries. They typically range from 1-3% of the transaction amount.

What are ATM withdrawal fees?

ATM withdrawal fees are fees that some banks charge when you use your debit card to withdraw cash from an ATM. They can range from $2-$5 per transaction.

What are exchange rates?

Exchange rates are the rates at which one currency can be exchanged for another. They can fluctuate based on market conditions and can impact the cost of your purchases when traveling abroad.

Can I use a travel debit card in any country?

It depends on the specific travel debit card. Some travel debit cards may have restrictions on where they can be used. Be sure to check with your bank before using your travel debit card abroad.

Conclusion

Traveling can be expensive, but with the right travel debit card, you can save money on fees and earn rewards on your purchases. The Schwab Bank High Yield Investor Checking Account, Capital One 360 Checking Account, Alliant Credit Union High-Rate Checking Account, and Charles Schwab Debit Card are all great options for travelers who want to avoid fees. Before you go on your next trip, be sure to consider these travel debit cards and choose the one that’s right for you.