If you travel abroad frequently or for an extended period of time, you may want to apply for a credit card that has a lower transaction fee. Capital One credit card is the only that currently does not charge this fee. Most Visa and MasterCard issuers charge 3%. American Express charges 2.7%. Discover Card charges 2%, however, their card is not commonly accepted worldwide. If you qualify for a card issued by USAA, they currently charge 1%. Fees for the use of a debit card in ATMs abroad vary considerably as well, ranging from a zero to 3% conversion fee and zero to $5.00 flat fee, or combination of both.