The Best Secured Cards with No Foreign Transaction Fees

By Christina Majaski. Last updated 2 August 2017. 0 comments

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Because secured credit cards are often the last resort for people working on their credit, they don't always offer ideal options. Many secured credit cards are known for having lots of fees and extremely high APRs. Almost all secured cards have foreign transaction fees around 3%, which can become a burden for travelers who are also working on increasing their credit ratings. (See also: Best Secured Card with No Annual Fees)

For those who travel outside of the United States often, the foreign transaction fee for purchases is one of the most important fees to consider when choosing a credit card. Whether you are just starting out and building your credit, or repairing past credit problems, you can still save money with secured cards that, although rare, have no foreign transaction fees. Here are the best secured cards to use for foreign transactions.

Capital One® Secured Mastercard®

The Capital One® Secured Mastercard® is considered one of the best secured credit cards not only for those who want to improve their credit ratings, but for those who travel as well. It is one of only a few secured cards without a foreign transaction fee. Additionally, the card has no annual fee.

Furthermore, while most secured cards require adding to the security deposit in order to increase your credit limit, you can qualify for higher credit limit by making your first 5 monthly payments on time without the need to add more funds to your deposit. This will allow you to have more freedom to spend while on the road.

Click here to learn more and apply for the Capital One® Secured Mastercard® today!

USAA Secured Card® Platinum Visa®

The USAA Secured Card® Platinum Visa® provides military personnel and their family members a low cost credit card to help rebuild credit. The annual fee is $35 and the variable APR starts at 10.90% (up to 20.90%). They've also removed their foreign transaction fee. You must be a USAA member to apply for the card.

Click here to learn more and apply for the USAA Secured Card® Platinum Visa® today!

 

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