topic Re: 0% Interest & No Foreign Transaction Fees in Credit Cards

0% Interest & No Foreign Transaction Fees

sillykitty1 — Fri, 21 Aug 2020 06:57:45 GMT

I'm going to be making a large charge overseas. I was wondering if there was a card that had a 0% interest intro period and also has no foreign transaction fees? Need to limit it to Visa or Mastercard, as Amex & Discover are not accepted. My score is over 800, and have a good income, so don't anticipate approval to be an issue.

TIA!

Re: 0% Interest & No Foreign Transaction Fees

Anonymous — Fri, 21 Aug 2020 07:11:33 GMT

capitalone.com

Re: 0% Interest & No Foreign Transaction Fees

K-in-Boston — Fri, 21 Aug 2020 11:24:11 GMT

NFCU cashRewards (6 months, $150 SUB)

BECU Cash Back Visa (12 months)

Bank of America Travel Rewards (12 months, $250 SUB)

FNBO China Airlines Gold (6 months, 7500 miles SUB, $59 AF)

US Bank Altitude Go (12 months, $250 SUB)

Alternately, depending on the amount, how long you plan on carrying the balance, and the approved APR, it may be more beneficial to get a card with a very large SUB like Citi Premier or Chase Sapphire Preferred (both minimum $725 SUB, $95 AF) or if you can make use of the credits to justify the large AFs, US Bank Altitude Reserve or Chase Sapphire Reserve (both minimum $750 SUB, $400 and $550 AFs).

Re: 0% Interest & No Foreign Transaction Fees

sillykitty1 — Mon, 24 Aug 2020 15:55:34 GMT

Super helpful K-in-Boston!

I thought no FTF + 0% APR would be a unicorn, nice to know I could get a SUB too.

I have the CSR, so that is out.

The Citi Premier or the US Bank Altitude GO would be the most useful for me. I have significant credit limits with them on currenlty unused cards. How are they with moving credit limits around?

Re: 0% Interest & No Foreign Transaction Fees

K-in-Boston — Mon, 24 Aug 2020 16:28:02 GMT

For Citi, you'll essentially have to be approved for a CLI on the card the limit is being moved to and it will usually be a HP. (Alternately, if you are denied for a card, during a recon call they may be willing to lower another limit for you.) US Bank used to do credit line reallocations, but stopped doing so a few years ago.

Edit: It is surprising how many unicorns with 0% intro APR and no FTFs there are. And to expand on Dumbee's post, CapOne options would be:

VentureOne (12 months, 20,000 miles)

Quicksilver (15 months, $150)

SavorOne (15 months, $150)

Re: 0% Interest & No Foreign Transaction Fees

NRB525 — Mon, 24 Aug 2020 16:43:28 GMT

@sillykitty1 wrote:
Super helpful K-in-Boston!

I thought no FTF + 0% APR would be a unicorn, nice to know I could get a SUB too.

I have the CSR, so that is out.

The Citi Premier or the US Bank Altitude GO would be the most useful for me. I have significant credit limits with them on currenlty unused cards. How are they with moving credit limits around?

It would be interesting to know what sort of foreign purchase of a large amount would not be coded as Travel for the CSR?

Re: 0% Interest & No Foreign Transaction Fees

sillykitty1 — Mon, 24 Aug 2020 16:49:53 GMT

Great, even more options!

How is CapitalOne for moving CL's? I have a high CL on the QS already.

Re: 0% Interest & No Foreign Transaction Fees

K-in-Boston — Mon, 24 Aug 2020 16:59:32 GMT

CapOne doesn't do reallocations. They go back and forth on offering account combinations (closing a card and moving the entire limit), but at this time even that is not an option.

Re: 0% Interest & No Foreign Transaction Fees

cupofcoffee — Mon, 24 Aug 2020 18:07:58 GMT

I have the HSBC Cash Rewards Mastercard, which offers no annual fee, 3% cashback on everything for the first 12 months then 1.5% after that, no foreign transaction fees and 0% APR for the first 12 months. Hope this is helpful!

Re: 0% Interest & No Foreign Transaction Fees

sillykitty1 — Mon, 24 Aug 2020 18:58:12 GMT

NRB525 - this is going to be a medical charge, so can't imagine it would code as travel.

Re: 0% Interest & No Foreign Transaction Fees

sillykitty1 — Mon, 24 Aug 2020 19:02:04 GMT

cupofcoffee - That might be the best option. HSBC is one of the few mainstream lenders I don't have any cards with. So won't have to worry about getting denied, or shifting CLs etc. Thanks!

Re: 0% Interest & No Foreign Transaction Fees

CreditCuriosity — Mon, 24 Aug 2020 19:08:02 GMT

@sillykitty1 wrote:
cupofcoffee - That might be the best option. HSBC is one of the few mainstream lenders I don't have any cards with. So won't have to worry about getting denied, or shifting CLs etc. Thanks!

Although HSBC can be fairly low on the CL they approve you for.. Consider yourself lucky with a 8-10k approval and typical is aroud 4-5kish. Just something to keep in mind if you go for the HSBC card and app to approval and card in hand about 3 weeks approx. They move at their own pace. Have a card with them and did the 10k spend so dont use it anymore, but no complaints other than long processing time and got a 10k limit at the time that has since grown to 12.5k other than lowish limit no other issues although consider myself lucky getting the 10k initial approval.

Re: 0% Interest & No Foreign Transaction Fees

sillykitty1 — Mon, 24 Aug 2020 19:35:50 GMT

CreditCuriosity - Valuable info, thank you. The processing time might be dicey. I'm scheduled to leave the country in less than 3 weeks, but it may very well get pushed back due to COVID restrictions. Good to know not to expect a high CL. $8-10K would be fine, but less than that would be an issue. Hopefully a combo of long credit history, high FICO and good income would result in a CL at the high end. But who knows, especially at this time, right?

Re: 0% Interest & No Foreign Transaction Fees

CreditCuriosity — Mon, 24 Aug 2020 19:39:57 GMT

@sillykitty1 wrote:
CreditCuriosity - Valuable info, thank you. The processing time might be dicey. I'm scheduled to leave the country in less than 3 weeks, but it may very well get pushed back due to COVID restrictions. Good to know not to expect a high CL. $8-10K would be fine, but less than that would be an issue. Hopefully a combo of long credit history, high FICO and good income would result in a CL at the high end. But who knows, especially at this time, right?

Ya could do many ways.. Just a few DP's myself I am fairly highincome as well as ColdFushion I believe he got a 500 SCL whereas I ended up with 10k so throw your hands up in the air on that and both are in the 800 score range as well. If you dont get what you want or an instant then could possibly grab two cards? Use the HSBC for 300 bonus aka 10k spend and extra 10% after first year of spend then other card if CL or time frame doesnt cut it for you. Pull EQ as well if that makes any difference.

Re: 0% Interest & No Foreign Transaction Fees

sillykitty1 — Tue, 25 Aug 2020 19:03:10 GMT

Interestingly I just received a CLD from Cap1 today "to better fit my credit usage" $21K-$10K (I don't use my QS at all). So this may be the perfect solution to app for one of the CapOne cards and not worry about HSBC processing time or random CLs

Re: 0% Interest & No Foreign Transaction Fees

SouthJamaica — Tue, 25 Aug 2020 21:08:32 GMT

@sillykitty1 wrote:
I'm going to be making a large charge overseas. I was wondering if there was a card that had a 0% interest intro period and also has no foreign transaction fees? Need to limit it to Visa or Mastercard, as Amex & Discover are not accepted. My score is over 800, and have a good income, so don't anticipate approval to be an issue.

TIA!

There are probably hundreds of cards that fit that description.

Re: 0% Interest & No Foreign Transaction Fees

sillykitty1 — Fri, 16 Oct 2020 14:23:51 GMT

I ended up applying for the Cap1 SavorOne. Modest bonus ($150), but 15 month 0% APR. Approved for a $10K limit, so basically recouped the recent CLD on my QS

Thanks everyone for the advice!