Capital One. No foreign fees. Has chip and pin.
For ATMs: Schwab High Yield checking. No fees at all.
I'm currently travelling abroad. My favs are
ATM: Charles Schwab Bank - no fees, refunds atm charges.
Credit: Capital One Venture - which is chip and SIGNATURE (not chip and pin). It works for most transactions (restaurants, shops) but not at automated vendors like train ticket machines, where you need to enter the pin. I specifically called Cap One to see if they had chip and signature, in April... they did not at that time... so AFAIK - Cap One does not offer Chip and PIN.
PenFed Visa - it is Chip and PIN, it defaults to chip and signature if it is a manned vending situation (restaurants, shops) but will prompt for the pin at automated machines.
I agree completely with selecting the local currency for transactions when offered - I've seen some really crappy exchange rates offered - including last night at the ATM.