I do a lot of business on PayPal with a company in the UK for my business. PayPal generally charges anywhere between 2-8% more to convert USD to GBP, but recently I found out I could just have my bank do the conversion instead. When I tried though, they told me I can only do it with a Visa or Mastercard, which currently I don't have either (I have a debit for Visa and a PayPal Master, but the Master wouldn't work because I would be paying on PayPal). Because of this, I am looking for a Visa or Mastercard with no foreign transaction fee, no annual fee, and preferably some amount of cashback. Currently, I am in the mid 700s for my credit score, but because I am a student my income is not the best. Any suggestions?
You can go with Cap1 Quicksilver (not the QS1) but it does have a 3 bureau pull. Another option you can do is BoA Travel Rewards, you may not get a high limit but it can grow over time. I did notice that you're an AU on a QS card already, are you not able to use that?
Yeah, that is why I am hesitant about the Cap1. Also, back when I applied for the platinum, not the secured one, they denied me. It was the first card I was applying for, but because I was an authorized user I did have a decent credit score (low-mid 700) and a decent income. I do have 2 of my own cards now, and a bit more income, but that still makes me nervous. And for the AU card, I could in theory, but I am not sure I want my family seeing my business transactions, as they can be quite nosy.
I have heard that, but I sadly have not had any family in the military. And for the Cap1, I would be fine with the 1.5%, since the alternative is no cash back or being gouged by PayPal in currency conversion fees.
