American credit cards, generally speaking, have a currency conversion rate decided by the bank that is pretty much close to the real thing and costs nothing. With that said, most credit cards charge a foreign transaction fee that is usually anywhere between 1-3%. 2% is very common. AMEX Gold, and most credit/charge cards with an annual fee have 0% foreign transaction fees. The currency conversion rate used by each bank might be slightly different, but I've found it to be negligible over many uses. Answer from cwdawg15 on reddit.com
Reddit
reddit.com › r/amex › foreign transaction fees
r/amex on Reddit: Foreign transaction fees
March 30, 2024 -
I’m going on a Europe trip to several different countries in a couple months. I was wondering what the international fees on the Amex gold card would be like. It says there are no international fees by Amex but, merchants may charge their own foreign fees.
What’s everyone’s experience with this traveling abroad? Are there any fees either from Amex or merchants, especially in Europe?
Top answer 1 of 5
91
No matter what card you use, some ATMs or Merchants will give you the option to charge in your currency (eg USD). They usually say upfront that there’s like a 5% fee or if they don’t it might be even worse. You always want to decline this and charge in the local currency.
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AMEX is not widely accepted in Europa, have a backup plan (visa/mc)
American Express
global.americanexpress.com › card-benefits › detail › no-foreign-transaction-fees › gold
No Foreign Transaction Fees | Premier Rewards Gold Card ...
Skip to main content · My Account · Cards · Banking · Travel · Rewards & Benefits
American Express
global.americanexpress.com › card-benefits › detail › no-fx-fees › business-gold
No Foreign Transaction Fees | Business Gold Benefits
Skip to main content · My Account · Cards · Banking · Travel · Rewards & Benefits
WalletHub
wallethub.com › popular credit card questions
American Express Cards With No Foreign Transaction Fees
2 weeks ago - There are several American Express cards that have no foreign transaction fees, including the American Express® Gold Card and co-branded cards with rewards for Hilton, Marriott and Delta.
American Express
global.americanexpress.com › card-benefits › view-all › amex-gold
American Express Gold Card | Card Benefits
Skip to main content · My Account · Cards · Banking · Travel · Rewards & Benefits
WalletHub
wallethub.com › popular credit card questions
American Express Gold Card Foreign Transaction Fee Info
November 7, 2024 - The American Express® Gold Card foreign transaction fee is 0%. This means you won’t be subject to an additional charge whenever you use the American Express® Gold Card outside of the United States.
Scotiabank Canada
scotiabank.com › credit cards › american express › scotiabank gold american express card
Scotiabank Gold American Express® Card | Scotiabank Canada
Earn 5x points and pay no foreign transaction fees with the Scotiabank Gold American Express Card. Apply today for exclusive benefits and rewards.
Reddit
reddit.com › r/amex › do you use your amex gold abroad?
r/amex on Reddit: Do you use your amex gold abroad?
October 11, 2024 -
In the UK I used 'Revolut' where you can exchange money before you travel onto a debit card, here you get a rate that is very close to the 'real' rate, so basically 0 fees but also no points.
My understanding is for the US Amex Gold, you get 'no fees' but there are hidden fees in the exchange rate of about 2%. So given that you get points on the transactions maybe that about cancels out? What do people do here, do you use your amex abroad if you can?
Top answer 1 of 27
183
American credit cards, generally speaking, have a currency conversion rate decided by the bank that is pretty much close to the real thing and costs nothing. With that said, most credit cards charge a foreign transaction fee that is usually anywhere between 1-3%. 2% is very common. AMEX Gold, and most credit/charge cards with an annual fee have 0% foreign transaction fees. The currency conversion rate used by each bank might be slightly different, but I've found it to be negligible over many uses.
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22
I thought there were no foreign txn fees on gold and platinum. Is that not the case?
American Express
americanexpress.com › us › credit-cards › category › no-foreign-transaction-fee
No Foreign Transaction Fee Cards | American Express
Explore American Express No Foreign Transaction Fee Cards. Enjoy rewards and benefits while saving on foreign transaction fees. Apply today. Terms apply.
Reddit
reddit.com › r/amexcanada › amex gold no fx fee?
r/amexcanada on Reddit: Amex Gold No FX Fee?
September 20, 2025 -
Does Amex Gold have no foreign exchange fee? I am in Europe currently and just paid EUR 18 for a flight. It charged me CAD 29.33 (pending), which is not very off from Google's rate of CAD 29.14. Does it mean that it has no 3% fx fee or will it update the charge once it got posted to my account?
Top answer 1 of 8
39
Cards from Amex themselves all have a 2.5% fee.
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I answered, then had to retract because I’m the dummy American who just skipped the CAD part of your post. The American version of Amex Gold has no foreign transaction fees. It looks like in Canada only the Scotiabank version has no foreign transaction fees.
Quora
quora.com › Does-American-Express-Gold-card-charge-foreign-exchange-transaction-fees-when-using-the-card-internationally
Does American Express Gold card charge foreign exchange transaction fees when using the card internationally? - Quora
Answer (1 of 3): Yes. Typically 2–3% added to the Interbank Spot Rate. Attached is from the Gold Card T&C’s. Converting Transactions made in a foreign currency If you make a Transaction that is submitted to us in a foreign currency, or if ...
Ramp
ramp.com › blog › business credit cards
American Express Foreign Transaction Fees Guide
October 13, 2025 - Look for language like “foreign ... spend globally. ... If you return an item purchased internationally, AmEx will typically refund the transaction fee, but only in proportion to the amount refunded....
Exiap
exiap.ca › home › guides › american express foreign transaction fees & alternatives
American Express Foreign Transaction Fees & Alternatives - Exiap
February 18, 2025 - That could be when you’re traveling ... withdrawals – basically any time you spend in a currency other than CAD. AmEx cards issued directly by the American Express network have a foreign transaction fee....
Bitget
bitget.com › crypto wiki › does amex gold have foreign transaction fees: essential facts
Does Amex Gold Have Foreign Transaction Fees: Essential Facts
The Amex Gold card is a popular ... to the official American Express terms, the Amex Gold card does not charge foreign transaction fees on purchases made outside your home country....
American Express
americanexpress.com › ca › en › customer-service › faq.what-are-the-exchange-rates-and-foreign-transaction-fees-for-out-of-country-charges.html
What are the exchange rates and foreign transaction fees for out of country charges?
If you make a charge in a currency other than Canadian dollars that charge will be converted into Canadian dollars. Please refer to your Cardmember Agreement for specific details regarding charges made in foreign currencies.
Wise
wise.com › us › blog › american-express-foreign-transaction-fee
American Express foreign transaction fee — the only guide you’ll need - Wise
June 7, 2022 - No foreign transaction fee Amex cards do exist — but in this case you’re more likely to pay an annual fee which can be pretty steep. We’ve got a full round up of American Express zero foreign transaction fee cards — and their important ...
U.S. News
money.usnews.com › home › credit cards › american express
American Express Gold Card 2025 Review | U.S. News
The card comes with baggage insurance, car rental loss and damage insurance, and no foreign transaction fees, making it a good choice when you're traveling stateside or abroad. The card may not be worth the $325 annual fee if you can't maximize ...
American Express
americanexpress.com › customer service › travel › using your card abroad
Using your card abroad
What are the exchange rates and foreign transaction fees for out of country charges?
Reddit
reddit.com › r/amexuk › is the foreign fee on the amex gold ever worth it?
r/AmexUK on Reddit: Is the foreign fee on the AMEX Gold ever worth it?
November 4, 2023 -
I'm booking some flights and for some reasons I can only get the price in EUR. AMEX charges you 2.99% for every foreign transaction, but whenever you're booking flights you also get 2x points.
The foreign fee is clearly never worth it in most cases, but is it worth it when booking flights and getting 2x the points? Or I'd still fall short in the end?
Thanks!
Top answer 1 of 11
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In terms of the points you get back, no it’s not worth it. That said you may want to consider still using your Gold card because some parts of the travel insurance rely on you having paid for your trip with your card. The other thing is even for general spend - not flights - you might decide having the benefit of Amex customer service is worth it if something were to go wrong
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The only time I’ve ever used my Amex abroad was when my Gold card had a ‘spend £300, get £100 back on Marriott stays’. That was worth it.
American Express
americanexpress.com › home › credit know how › using your credit card overseas
Using Your Credit Card Abroad | Amex CA
A conversion commission fee is a percentage of the Canadian dollar value of foreign currency transactions, so remember to factor these fees in.