Does every Bank of America card charge 3%?

No. The Unlimited Cash Rewards agreement and the Unlimited Cash Rewards Secured agreement each print 3%. The Travel Rewards card page opened on 19 October 2026 did not print a percent. Read the agreement for the card you hold.

Is the 3% the same as the exchange rate?

No. Visa or Mastercard converts the currency. Bank of America then assesses the foreign transaction fee shown in the pricing table, which these two agreements print as 3% of the transaction.

Is the 5% cash advance fee the foreign fee?

No. On these two pricing tables the cash advance lines are 5% of the transaction. The foreign transaction line is 3%. A late payment is a third charge, up to $41.

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Bank of America foreign transaction fee

Two Bank of America credit card agreements print a foreign transaction fee of 3% of the transaction. They are the Unlimited Cash Rewards agreement and the Unlimited Cash Rewards Secured agreement. A different Bank of America card can print a different number. The Travel Rewards card page opened on 19 October 2026 did not print a percent, so this page does not treat 3% as every Bank of America card.

Last updated: October 20, 2026

Last checked: Oct 2026

The 3% on these two agreements

Opened 20 October 2026. Each pricing table prints Foreign Transaction as 3% of the transaction. In the agreement, a foreign transaction is any transaction made in a foreign currency. If you make one, Bank of America assesses the foreign transaction fee. The fee amount is the one in the pricing table.

Visa or Mastercard converts the foreign currency into US dollars, depending on which network is on the card. Visa uses a rate it selects from wholesale currency markets, or a government mandated rate. Mastercard uses wholesale market rates or government mandated rates. The rate on the processing date can differ from the rate on the transaction date or the posting date. That conversion is separate from the 3% fee.

The same pricing tables print several cash advance fees at 5% of the transaction: ATM, cash equivalent, check cash advance, direct deposit, over the counter, and same day online. A late payment fee is up to $41. Those are not the foreign transaction fee. Cash advance interest on other Bank of America offers is on cash advance fees and interest.

What this page does not cover

The pricing tables in these PDFs are hard to read in a text extract, and the purchase APR cells are not quoted here. Use the PDF for the APR. The Prime Rate date printed in the secured agreement's pricing table is 6 July 2026. Terms can change.

Other issuers are on foreign transaction fees by US card issuer. Discover's example agreements, which do not print a foreign transaction fee percent, are on Discover foreign transaction fee. The US rule for how an issuer discloses the fee is on foreign transaction fees explained.

Questions

Does every Bank of America card charge 3%?: No. The Unlimited Cash Rewards agreement and the Unlimited Cash Rewards Secured agreement each print 3%. The Travel Rewards card page opened on 19 October 2026 did not print a percent. Read the agreement for the card you hold.
Is the 3% the same as the exchange rate?: No. Visa or Mastercard converts the currency. Bank of America then assesses the foreign transaction fee shown in the pricing table, which these two agreements print as 3% of the transaction.
Is the 5% cash advance fee the foreign fee?: No. On these two pricing tables the cash advance lines are 5% of the transaction. The foreign transaction line is 3%. A late payment is a third charge, up to $41.

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