Humor me. What is the appeal of a Citi Chip & Signature card with 3% foreign transaction fee when Chase issues Chip & Signature cards with no foreign transaction fee? It makes sense for Citi Premier, but otherwise I don't see it.
Depends on the amount one plans to spend abroad I guess?
The JP Morgan Select VISA with Chip and Signature has no forex fee @ $95/yr
Citi AAdvantage World Elite MC with Chip and Signature has the 3% forex fee @ $85/yr
In order to make up for the $10 difference in the annual fee between the two cards, the cardholder has to spend about $333.34 ($10/0.03) abroad for the ROI to justify the JP Morgan Card over the Citi AAdvantage.
For most purchases abroad the no annual fee & no forex fee CapOne card would do fine. But in a situation where say... a restaurant In Brussels refusing the CapOne card for the lack of the chip and you don't have enough Euros on hand, the Citi AAdvantage card will come in as a good backup card...that is of course if your Belgian dinner tab is more than $333.34.
Besides, if you're already a Citi cardholder, why not? Saves the hassle of applying for a new card with a credit pull made.
OTOH, one could also say, why not just get the dual EMV & contactless US Bank FlexPerks card which has a low $49 annual fee? Then the ROI difference between the US Bank FlexPerks card vs the JP Morgan Select card for forex fees would be spending more than $1,533.34 or more abroad (($95-$49)/0.03)