ByEasily Appeal and Remove Bank of America Travel Rewards Foreign Transaction Fee With DoNotPay
If you travel quite often, you've probably come across foreign transaction fees while making a purchase or withdrawing cash from the ATM in a foreign country. As a Bank of America Travel Rewards credit cardholder, you might have encountered
The foreign transaction fee is one of the most overlooked travel expenses. Often buried deep in the terms and conditions of your credit card agreement, these pesky little charges can quickly add up especially if you are a frequent traveler. However, not all credit cards charge foreign transaction fees.
For instance, the Bank of America Travel Rewards credit card has a 0% foreign transaction fee. This means if you notice a foreign transaction charge on your Bank of America travel rewards credit card, chances are it's invalid, and you are entitled to a refund. However, the process of getting refunds from Bank of America can be tedious and frustrating.
There's no need to worry, though. DoNotPay can help you automatically appeal these unfair or erroneous charges and get them waived or refunded. Read on to learn more.
What Is a Foreign Transaction Fee?
A foreign transaction fee is a surcharge on your credit card bill for transactions processed outside of the United States. You may encounter when traveling abroad or simply making an online purchase from a vendor based overseas. The foreign transaction fee tends to be a percentage of the transaction amount or a fixed fee.
Why Do Banks Charge Foreign Transaction Fees?
When you make a purchase in another country or use a foreign currency, banks and credit card companies often charge a fee for facilitating the transaction. The fee varies depending on the banks or card issuer's terms and conditions. Usually, the foreign transaction fee falls between 1% and 5% of the transaction amount.
The total foreign transaction fee is comprised of two charges. One of the charges comes from the issuing bank — i.e., Bank of America for the Bank of America Travel Rewards credit card — and the other charge comes from the network — i.e., MasterCard, Visa, Discover, American Express, etc.
Here's a summary of foreign transaction fees for major banks in the United States:
| Bank (Issuer) | Issuing Bank Fee | Network Fee | Total FT Fee |
| Bank of America | 2% | 1% | 3% |
| Chase | 2% | 1% | 3% |
| Wells Fargo | 3% | 1% | 4% |
| Citi | 2% | 1% | 3% |
Bank of America Travel Rewards Foreign Transaction Fee Explained
Like most travel credit cards, the Bank of America Travel Rewards credit card has a 0% foreign transaction fee. Bank of America waives foreign transaction fees on this particular card as a benefit. As you can tell from the table above, this is the exception rather than the rule for credit cards issued by Bank of America.
Will Bank of America Refund the Travel Rewards Credit Card Foreign Transaction Fee?
Again, if you notice a foreign transaction charge on your Bank of America travel rewards credit card, chances are it's invalid and you are entitled to a refund. The reason you are entitled to a refund is this particular credit card has a 0% foreign transaction fee. Learn more here.
How to Get Refunds On Foreign Transaction Fees on Your Own
It's not that hard to get a refund for transaction fees on your Bank of America travel rewards credit card. All you have to do is:
1. Get in touch with Bank of America customer support via:
- Phone
- Letter
- Or in person
2. Be polite to the customer support agent.
3. Explain clearly why you need the transaction fee refunded or waived.
4. The agent will waive or refund the Bank of America travel rewards foreign transaction fee.
Next Steps for Getting a Foreign Transaction Fee if You Can’t Do It Yourself
Getting foreign transaction fees waived or refunded can be a frustrating and lengthy undertaking. In some cases, it doesn't even work. The good news is that there's an easier and more efficient way to appeal foreign transaction fees and get them waived or refunded via DoNotPay.
How to Get Foreign Transaction Fees Refunds/Waivers With the Help of DoNotpay
offers a fast, easy, and convenient way to get foreign transaction fees waived or refunded. If you want to get foreign transaction fees waived or refunded with DoNotPay but don't know where to start, DoNotPay has you covered in 4 easy steps:
- Open the DoNotPay Fight Bank Fees product.
- Enter the name of your bank.
- Verify the last 4 digits of your bank account.
- Choose which fees you want to waive, including overdraft, ATM, and transaction fees.
DoNotPay can waive ALL bank fees, not just foreign transaction fees. Don't let banks take advantage of you with unfair fines and fees. File an appeal and get them waived using DoNotPay.
Why Use DoNotPay to Waive Foreign Transaction Fees
Using DoNotPay to get foreign transaction fees refunds/waivers is:
- Fast. You don't have to spend hours trying to get banks to refund invalid foreign transaction fees.
- Easy. With DoNotPay, the entire process is automated, allowing you to get your refund in just a few clicks.
- Successful. DoNotPay boasts a very high success rate when it comes to getting unfair bank fees waived or refunded.
What Else Can DoNotpay Do?
Getting foreign transaction fees refunds is not the only problem we can help you resolve. Here are other bank fee-related issues that DoNotPay can help you solve.
- Get bank of America overdraft fees waived
- Appeal Chase Bank overdraft fees
- Avoid bank overdraft fees
- Overdraw your checking account without any charges
- Remove TD Bank overdraft fees
- Appeal bank of America ATM charges
- Remove PayPal transfer fees
- Fight Fifth Third Bank fees
- Appeal Citizens Bank charges
- Get Wells Fargo overdraft fees waived
Get the DoNotPay app today to get foreign transaction fees and other bank charges waived or refunded.