Chase announced today that starting June 1, 2013, the MileagePlus Explorer Card will no longer have a 3% foreign transaction fee.
Chase is very much an industry leader when it comes to foreign transaction fees, far ahead of American Express, Barclaycard, and Citi, all of which don’t waive foreign transaction fees on a majority of their “middle of the road” products. Chase, meanwhile, has no foreign transaction fees on many of their cards, including the Sapphire Preferred, Ink Bold/Plus, British Airways Visa, Hyatt Visa, Marriott Visa, Priority Club Visa, and more. So if anything the Explorer Card was an outlier for Chase by having foreign transaction fees.
The card has some good benefits though still isn’t the best all around for spend abroad, in my opinion. The Chase Sapphire Preferred still gets you double points on dining and travel, and I don’t know about you guys, but when I’m abroad that encompasses about 90% of my spend, between hotels, flights, train tickets, food, and other transportation.