1) Threat: Unencrypted Traffic
An international VPN doesn't solve this. If the traffic is not requested over HTTPS, it will be equally unencrypted once it exits the VPN tunnel. At which point your traffic is not only vulnerable to the VPN and the VPN's ISP, it's vulnerable to the various national firewalls and interconnects your traffic is traveling over that it wouldn't normally.
2) Threat: Phishing
Troy Hunt's Nord VPN only prevents this because the VPN is intercepting and changing DNS requests. It won't help with DNS over HTTPS, as an aside.
3) Threat: Privacy
As pointed out in 1 and 2, using the VPN doesn't increase your privacy; it actually decreases it. All a standard VPN does is change your source IP.
A couple of other threat models:
4) Rogue ISP
Now, if your ISP is truly rogue, a VPN might help lessen some of the problems, but no more than conscious awareness while browsing the web will. If it's not a secure page, it's not a secure page, whether it's been served over a VPN or the most hostile ISP known to man.
5) Government Wiretapping
A VPN, even an international VPN, will never stop a state level actor if they really want your traffic. International agreements (such as 5 eyes) exist to make these kinds of requests easy.
IMO, the only real use of a VPN is to bypass IP based region checks. But since VPN endpoints can be detected, that kind of fix is a cat and mouse fight at best.