Does the Capital One Quicksilver Cash Rewards Credit Card Have Foreign Transaction Fees?

When you travel abroad, you have a few options to pay for your purchases. Some retailers allow you to pay in your currency, or you can exchange cash at a currency exchange kiosk. However, paying with a credit card is often the most convenient option, provided it’s a credit card with no foreign transaction fees.

Some credit card issuers will charge a foreign transaction fee when you make a purchase abroad. Although it’s a small amount, typically ranging from 1-3% of the purchase price, these fees can add up quickly, and there’s no reason to pay them. That’s because many great credit cards don’t have foreign transaction fees, including the Capital One Quicksilver Cash Rewards Credit Card.

Capital One Quicksilver foreign transaction fees

The Capital One Quicksilver does not charge foreign transaction fees.

That makes this a great card to use when traveling, and it comes with additional benefits such as travel accident insurance, concierge service, travel assistance services, Capital One entertainment membership, CreditWise access, extended warranty protection, and access to Capital One Shopping to help you save while shopping online.

Who the Capital One Quicksilver is right for

The Capital One Quicksilver card is a great choice for someone with a good to excellent credit score who is just getting started with travel rewards. That’s because there’s a $0 annual fee to offset, and the cash back rewards are straightforward, flexible, and never expire. 

You don’t have to worry about rotating categories - you’ll get 1.5% cash back on every purchase, every day; and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply) in addition to an early spend cash bonus. Cardholders can earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. 

These perks make this Capital One credit card one of the more valuable cashback credit cards for someone who also likes to travel. Rewards can be cashed out in the form of cash, checks, gift cards, statement credits, or used on Paypal and Amazon. 

With this card, there’s also a 0% introductory APR on purchases for 15 months (then the regular APR of 19.74% - 29.74% (variable)) and 0% intro APR on balance transfers for 15 months, then 19.74% - 29.74% (variable) APR, which makes it an excellent choice for someone who wants to finance a large purchase, such as a vacation abroad. 

Just make sure you can pay off the total balance by the end of the introductory period, or you’ll be charged the variable interest rate, which is based on your creditworthiness and other factors. Also, keep in mind that a balance transfer fee applies.

FAQs

Other cards to consider

If the Capital One Quicksilver doesn't sound right for you, consider the Blue Cash Preferred^® Card from American Express. It has a $0 intro annual fee for the first year, $95 per year thereafter, but offers 6% cash back at U.S. supermarkets (for first $6,000 per year, after that 1%) and on select U.S. streaming services, 3% cash back at U.S. gas stations and on eligible transit, and 1% cash back on other eligible purchases. If you find your everyday expenses align with this card’s bonus categories, you might be able to earn more cash back compared to the Capital One Quicksilver.

For more information, check out our American Express Blue Cash Preferred credit card review.

With the Chase Freedom Unlimited^®, you can earn 6.5% cash back on travel purchased through Chase Travel℠, 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service and 3% cash back on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, earn 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service and unlimited 1.5% cash back on all other purchases, plus 5% total cash back on qualifying Lyft rides. However, it does come with a foreign transaction fee of 3% of each transaction in U.S. dollars, so you may want to make your international purchases with a different card. 

Check out our Chase Freedom Unlimited vs. Capital One Quicksilver comparison to see these two side-by-side.

Bottom line

If you’re planning a trip abroad and don’t have a credit card with no foreign transaction fees, consider giving the Capital One Quicksilver card a spot in your wallet. It’s easy to earn the welcome bonus, and you can put that money toward covering your recent travel purchases. 

What’s more, you’ll continue to earn 1.5% cash back on every purchase, every day; and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply), which can help you save up for your next globetrotting experience. If you don’t think this card is the right one for you, then check out our list of the best cashback credit cards for other options. Either way, enjoy your travels!

Lucrative, Flat-Rate Cash Rewards

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Rates and fees

Current Offer

$200 cash rewards bonus after spending $500 in purchases in the first 3 months

Annual Fee

$0

Rewards Rate

Earn unlimited 2% cash rewards on purchases

Benefits and Drawbacks

Benefits

• Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
• Cell phone protection benefit (subject to a $25 deductible)
• Can redeem rewards at an ATM for literal cash

Drawbacks

• Foreign transaction fee of 3%
• No bonus categories

Card Details

• Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
• Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
• Earn unlimited 2% cash rewards on purchases.
• 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.49%, 24.49%, or 29.49% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
• $0 annual fee.
• No categories to track or remember and cash rewards don’t expire as long as your account remains open.
• Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
• Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.