We've been using the Capital One Venture for the past several years. No foreign transaction fees and you get two points for every dollar spend. Each point is worth .01 of travel credit which can be used as a credit on any travel related expenses you charge on the card. So basically you are earning 2% on all of your charges. Annual fee is $95, but waived the first year and it looks like they are offering a 50,000 point bonus if you charge $3,000 within three months of opening the card. We have several reward credit cards, but the Capital One is the only one we use.

Matt