VENTURE ONE CREDIT CARD FOREIGN TRANSACTION FEE

Last updated: June 20, 2025, 01:09 | Written by: Cameron Winklevoss

Planning an international trip? No annual fee and no foreign transaction fees. One of the most appealing features of the Capital One VentureOne Rewards Credit Card is that its travel rewards come with no annual fee. By comparison, the Capital One Venture Rewards Credit Card, charges an annual fee of $95. You get a higher flat rewards rate for that fee 2 miles per $1 onThe last thing you want is to be hit with unexpected fees that eat into your travel budget. Similar to the Capital One VentureOne Rewards Credit Card, the Bank of America Travel Rewards credit card charges a $0 annual fee, no foreign transaction fees and offers a 0% intro APR for 15One of the most common culprits is the dreaded foreign transaction fee, a charge levied by many credit card companies on purchases made outside the United States.But what if you could avoid these fees altogether? A rates and fees table typically lists the foreign transaction fee explicitly under a fees section. Related: How to choose a no-foreign-transaction-fee credit card. Foreign transaction fees vs. ATM fees. Another type of fee you may hear about when you travel is a foreign ATM fee.Enter the Capital One VentureOne Rewards Credit Card, a popular option for travelers seeking a simple, no-frills way to earn rewards without the burden of extra charges.This card boasts a $0 annual fee and, crucially, no foreign transaction fees, making it an attractive choice for globetrotters and online shoppers who frequently transact with international merchants. Comparable cards Capital One VentureOne Rewards Credit Card. The Capital One VentureOne Rewards Credit Card is the no-annual-fee version of the Venture card. You'll earn a reduced 1.25 miles perThis article will delve into the ins and outs of the Capital One VentureOne, exploring its benefits, features, and how it stacks up against other travel cards, ensuring you’re well-equipped to make informed financial decisions for your next adventure. The card terms explicitly say no foreign transaction fee, but I am traveling abroad in Chile and have been charged a $0.30 - $1.50 transaction fee probably 75% of the time I buy anything here. The card usually gets declined first and then the reader says to try again with the same card, after which it asks me if I accept the fee.We'll also touch on situations where you *might* encounter a fee even with a no-foreign-transaction-fee card and how to avoid them.

Understanding Foreign Transaction Fees and Why They Matter

Before we dive into the specifics of the Capital One VentureOne, let's clarify what foreign transaction fees are and why they can be a significant burden.Essentially, a foreign transaction fee is a percentage-based charge that your credit card issuer applies to any purchase made in a foreign currency or processed through a foreign bank. $0 annual fee and no foreign transaction fees; Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travelThese fees typically range from 1% to 3% of the transaction amount. The Capital One Venture Rewards Credit Card foreign transaction fee is $0. This means you won t be subject to an additional charge whenever you use the Capital One Venture Rewards Credit Card outside of the United States.While that might not seem like much on a small purchase, they can quickly add up, especially during a longer trip or with frequent international online shopping.

For example, imagine you spend $1,000 on purchases during a vacation abroad.If your credit card charges a 3% foreign transaction fee, you'll end up paying an extra $30. No Foreign Transaction Fees; $325 annual fee (see rates fees) Learn more about the amex gold 3 Tips for Making Payments Abroad. Having a credit card that waives foreign transaction fees is a great first step if you plan to do any sort of international travel. But there are a few other things that you'll want to be aware of before headingThat's money that could have been spent on souvenirs, dining experiences, or even saved for future travels. See full list on onemileatatime.comThe Capital One VentureOne eliminates this unnecessary cost, allowing you to maximize your travel budget and enjoy your trip without worrying about hidden fees.This is a particularly important consideration when budgeting for your trip.Every dollar counts, and avoiding these fees can free up funds for experiences.

The Capital One VentureOne: A No-Fee Travel Companion

The Capital One VentureOne Rewards Credit Card is specifically designed to appeal to travelers who want to earn rewards without paying an annual fee.One of its most compelling features is its no foreign transaction fee policy.This means that whether you're swiping your card at a Parisian café, booking a hotel room in Tokyo, or making an online purchase from a UK retailer, you won't be charged any extra fees for using your card internationally.

Key Features and Benefits

No Annual Fee: This is a major draw for budget-conscious travelers.You can enjoy the benefits of a travel rewards card without having to pay an annual fee.
No Foreign Transaction Fees: As we've emphasized, this is a huge advantage for international travelers.
Earn Unlimited 1.25X Miles: You earn a flat rate of 1.25 miles for every dollar you spend on purchases, making it easy to accumulate rewards.
Bonus Miles Offer: Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel.
Redeem Miles for Travel: You can redeem your miles for travel expenses, such as flights, hotels, and rental cars, through Capital One Travel, or as a statement credit for previous travel purchases.
Miles Don't Expire: Your miles won't expire for the life of the account, giving you the flexibility to redeem them whenever you're ready.

Earning and Redeeming Rewards

The Capital One VentureOne offers a straightforward rewards program. $0 annual fee and no foreign transaction fees; Earn unlimited 1.25X miles on every purchase, every day; With the Capital One VentureOne Rewards Credit Card - Miles BoostYou earn a flat 1.25 miles per dollar spent on all purchases.This simplicity is appealing to those who don't want to worry about tracking bonus categories or rotating rewards. Annual Fee. The Capital One VentureOne Card does not have an annual fee. Authorized User Fee. There is no fee to add authorized users to the Capital One VentureOne Card. Foreign Transaction Fee. The Capital One VentureOne Card has a 0% foreign transaction fee. That makes this a great no annual fee card for international travel and shopping.While the earning rate isn't the highest available on the market, the lack of an annual fee and the absence of foreign transaction fees make it a compelling value proposition.

When it comes to redemption, you have several options:

Travel Purchases: Redeem miles for travel expenses booked through Capital One Travel or as a statement credit against eligible travel purchases made with your card.This is typically the most valuable redemption option.
Gift Cards: Redeem miles for gift cards from various retailers and restaurants.
Cash Back: Redeem miles for cash back in the form of a statement credit or a check. There s a $95 annual fee for the Venture card. If you re interested in a travel rewards credit card without an annual fee, you can check out the VentureOne card from Capital One. View important rates and disclosures.This typically offers a lower redemption value than travel purchases.
Transfer to Travel Partners: Transfer your miles to Capital One's travel partners, which include various airlines and hotels. While credit card exchange rates normally also include foreign transaction fees, the Capital One Venture credit card does not charge foreign fees. This means the Capital One Venture credit card will save cardholders 1.57% on purchases made abroad and through international merchants, compared to the average credit card offer.This can potentially unlock even greater value for your miles, especially if you're strategic about your redemptions.

Comparing the VentureOne to the Venture Card

Capital One offers several travel rewards cards, including the popular Capital One Venture Rewards Credit Card. The Capital One Venture card can be great if you want a solid all-around travel card with a low annual fee, no foreign transaction fees, and excellent points-earning rates (rates fees). Further, since it earns an uncapped 2x miles on every purchase, it s one of the best cards for monthly bills.While both cards offer valuable travel benefits, there are key differences to consider.

Capital One Venture Rewards Credit Card

Annual Fee: $95
Rewards Rate: 2 miles per dollar on all purchases; 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
Sign-Up Bonus: Higher than VentureOne, typically around 75,000 bonus miles when you spend at least $4,000 on the card within the first 3 months of account opening.
Other Perks: Statement credit for TSA PreCheck or Global Entry

Capital One VentureOne Rewards Credit Card

Annual Fee: $0
Rewards Rate: 1.25 miles per dollar on all purchases.
Sign-Up Bonus: Lower than Venture, typically 20,000 miles after spending $500 in the first 3 months.
Other Perks: Fewer perks compared to Venture.

The Venture card offers a higher rewards rate and a larger sign-up bonus, but it comes with an annual fee.The VentureOne, on the other hand, has no annual fee and a lower rewards rate. While the Capital One VentureOne Rewards Credit Card is straightforward to use, its earning structure isn t the most rewarding. Still, with a $0 per year price tag and the ability to transfer to 18 airline and hotel partners, it s a solid option for beginners.The best choice for you depends on your spending habits and travel frequency.If you travel frequently and spend a significant amount on your credit card, the Venture card might be worth the annual fee due to its higher earning potential. Capital One doesn t charge foreign transaction fees on any of its credit cards, including business cards. You can use them abroad or with international vendors without paying the 1% to 3% fee most banks still apply.However, if you're a more infrequent traveler or prefer a no-annual-fee card, the VentureOne is an excellent choice.

Navigating Payments Abroad: Beyond Foreign Transaction Fees

While the Capital One VentureOne eliminates foreign transaction fees, there are other factors to consider when making payments abroad. People who want a wonderfully flexible travel card with a $0 annual fee will love the benefits of the Capital One VentureOne Rewards Credit Card. For starters, you earn 1.25 miles per dollar on every purchase, every day; 5 miles per dollar on hotels and rental cars booked through capital one travel, and then redeem rewards for a variety ofThese considerations can impact your overall costs and convenience.

Understanding Exchange Rates

Exchange rates fluctuate constantly and can impact the final cost of your purchases.Credit card companies typically offer competitive exchange rates, but it's always a good idea to be aware of the current exchange rate before making a purchase.You can use online currency converters to get an estimate.

Dynamic Currency Conversion (DCC)

Dynamic Currency Conversion (DCC) is a process that allows merchants to offer you the option of paying in your home currency (USD) instead of the local currency. Like many of the more basic travel cards out there, the Capital One Venture Rewards Credit Card carries no foreign transaction fees, which can save you up to 3% on transactions abroad. ThisWhile this might seem convenient, it's often a bad deal. There are three versions of the Venture Card. In addition to the $95 annual fee Venture Card, there s also the no annual fee Capital One VentureOne Rewards Credit Card . What s the difference between Venture and Venture One? The Venture has a $95 annual fee, offers a bonus of 75,000 miles and offers 2x miles per dollar spentMerchants and payment processors typically add a markup to the exchange rate, which can be higher than the standard foreign transaction fee. Step 1: Understanding Foreign Transaction Fees. Many credit cards charge foreign transaction fees, which are typically 1-3% of each purchase made abroad. The Capital One Venture card eliminates this cost, allowing you to spend freely while traveling. Step 2: Leveraging the No Foreign Transaction Fee FeatureAlways choose to pay in the local currency to avoid DCC and ensure you get the best possible exchange rate.

For example, if you're in Europe and using your Capital One VentureOne card, and a merchant asks if you want to pay in USD, always say ""no"" or select the option to pay in Euros (or the local currency).

ATM Fees

While the Capital One VentureOne doesn't charge foreign transaction fees on purchases, it's important to note that ATM fees may still apply when withdrawing cash from foreign ATMs.These fees can be charged by both your bank and the ATM operator. $0 annual fee and no foreign transaction fees; Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel; Earn unlimited 1.25X miles on every purchase, every day; Miles won't expire for the life of the account and there's no limit to how many you can earnTo minimize ATM fees, try to use ATMs within your bank's network or consider using a debit card that reimburses ATM fees.However, remember that using a credit card for cash advances incurs interest charges immediately.

Alternatives to the Capital One VentureOne

While the Capital One VentureOne is a solid choice for a no-annual-fee travel rewards card, there are other options to consider:

Bank of America Travel Rewards Credit Card: Similar to the VentureOne, this card offers no annual fee, no foreign transaction fees, and a straightforward rewards program.
U.S.Bank Altitude Connect Visa Signature Card: This card offers extra rewards and travel benefits, including bonus points on travel purchases, but does have an annual fee after the first year.
Capital One Quicksilver Cash Rewards Credit Card: While not specifically a travel card, the Quicksilver offers a flat 1.5% cash back on all purchases and has no annual fee and no foreign transaction fees.

The best alternative for you depends on your specific needs and preferences.Consider factors such as rewards rates, annual fees, and additional perks when making your decision.If you value simplicity and cash back over travel-specific rewards, the Capital One Quicksilver might be a better fit.

What to Do If You're Unexpectedly Charged a Foreign Transaction Fee

While the Capital One VentureOne explicitly states that it has no foreign transaction fees, there have been reports of cardholders occasionally being charged a small fee, particularly when traveling in certain countries or making online purchases from certain merchants. Venture is a travel rewards credit card that offers 2X miles on every purchase and 5X miles when you book hotels and rental cars through Capital One Travel. As a new Venture cardholder, you can earn 75,000 bonus miles when you spend at least $4,000 on the card within the first three months of account opening. 1 You also get a $120 statement credit for TSA PreCheck or Global Entry, which canThis could be due to a misclassification of the transaction by the merchant or payment processor.

If you believe you've been incorrectly charged a foreign transaction fee, here's what you should do:

Review your statement: Carefully examine your credit card statement to confirm that you were indeed charged a foreign transaction fee.
Contact Capital One: Call Capital One's customer service line and explain the situation.Provide them with the details of the transaction, including the date, amount, and merchant name.
Provide documentation: If possible, provide Capital One with any documentation that supports your claim, such as a receipt or a screenshot of the online purchase.
Dispute the charge: If Capital One is unable to resolve the issue, you can file a formal dispute with them.This will initiate an investigation into the charge.

In most cases, Capital One will investigate the issue and refund the fee if it was incorrectly charged.It's important to be proactive and report any discrepancies as soon as possible.

Frequently Asked Questions (FAQs)

Does the Capital One VentureOne Card charge foreign transaction fees?

No, the Capital One VentureOne Rewards Credit Card has a $0 foreign transaction fee. Many premium travel credit cards charge annual fees upwards of $500, so the Venture card offers a good balance of value and affordability. Foreign Transaction Fees. Unlike many cards that charge foreign transaction fees (usually around 3%), the Capital One Venture Rewards Credit Card has no foreign transaction fees. This makes it an excellentThis applies to both in-person purchases made abroad and online purchases from international merchants.

Can I use my Capital One VentureOne Card anywhere in the world?

Yes, you can use your Capital One VentureOne Card anywhere that accepts Visa.Visa is widely accepted around the world, making it a convenient payment option for international travel and online shopping.

Are there any hidden fees associated with the Capital One VentureOne Card?

The Capital One VentureOne has no annual fee or foreign transaction fees.However, standard fees may apply for things like late payments, cash advances, and balance transfers. The Capital One VentureOne Rewards Credit Card (see Rates Fees) foreign transaction fee is $0. This means you won't be subject to an additional charge whenever you use the Capital One VentureOne Rewards Credit Card (see Rates Fees) outside of the United States. Whether it's a purchase at a physical location in a foreign country or an onlineBe sure to review the card's terms and conditions for a complete list of fees.

How can I avoid Dynamic Currency Conversion (DCC) when using my Capital One VentureOne Card abroad?

Always choose to pay in the local currency when given the option.This will ensure that you get the best possible exchange rate and avoid the markup associated with DCC.

What is the difference between the Capital One VentureOne and the Capital One Venture Card?

The Capital One Venture Card has an annual fee and offers a higher rewards rate and additional perks, such as a statement credit for TSA PreCheck or Global Entry.The Capital One VentureOne has no annual fee but offers a lower rewards rate and fewer perks.

Conclusion: The Capital One VentureOne - A Solid Choice for Fee-Conscious Travelers

The Capital One VentureOne Rewards Credit Card is a compelling option for travelers who prioritize avoiding fees and want a simple, no-frills rewards program.Its no foreign transaction fee policy is a significant benefit for international travelers and online shoppers, allowing you to save money on every purchase.While the rewards rate isn't the highest on the market, the lack of an annual fee makes it an accessible and valuable card for those who want to earn rewards without paying a premium.Before applying, carefully assess your spending habits and travel frequency to determine if the VentureOne is the right fit for you.For those seeking a straightforward and cost-effective travel rewards card, the Capital One VentureOne is certainly worth considering. The more multipurpose Capital One VentureOne Rewards Credit Card (rates fees) is another no-annual-fee travel rewards card with no foreign transaction fees, making it a viable alternative forDon't forget to always choose to pay in the local currency when traveling to avoid DCC, and remember to contact Capital One if you believe you've been incorrectly charged any fees. Credit Card: Annual Fee: Capital One VentureOne: $0: No Foreign Transaction Fees: No Foreign Transaction Fees: Simple, no-frills travel rewards; easyHappy travels!