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
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
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
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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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I thought there were no foreign txn fees on gold and platinum. Is that not the case?
American Express
americanexpress.com › customer service
Are There Foreign Transaction Fees Using my Card? | Amex US
Browse American Express US Customer Service to Find Out if you Have to Pay Foreign Transaction Fees When Using Your Card Abroad.
Scotiabank Canada
scotiabank.com › credit cards › american express › scotiabank gold american express card
Scotiabank Gold American Express® Card | Scotiabank Canada
First Year Annual Fee Rebate will ... for Eligible Cards are subject to change. ... We will not charge you Foreign Transaction Fees on foreign currency transactions, including purchases, only the exchange rate applies....
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
Reddit
reddit.com › r/amex › amex gold (usa): do you pay currency conversion fees online?
r/amex on Reddit: AMEX Gold (USA): Do you pay currency conversion fees online?
July 18, 2025 -
I just got an AMEX Gold USA. I would be mostly using this for online payments for my business.
I pay marketing in currencies like EUR, GBP and AUD.
Does it mean I will have to pay a 3% conversion fee, or not?
Online it says there are no currency conversion fees (overseas) for this AMEX card, but what about online payments in a different currency other than the USD? IT does NOT specify this.
Can someone confirm?
Top answer 1 of 4
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no foreign transaction fees. you’ll get charged at the current conversion rate in USD. For example, you buy something worth 100€ you’ll get charged $116.41 USD (current google conversion) UNLESS, the merchant charges you a fee on their end.
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AFAIK (someone pls confirm) “no currency conversion fees” means whenever you pay in a foreign currency with the card (online or offline) you don’t need to pay the currency conversion fee.
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.
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.
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)
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....
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
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.
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....
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 ...
Cardcritics
cardcritics.com › credit-cards › card-issuer › american-express › does-american-express-have-foreign-transaction-fees
American Express and Foreign Transaction Fees | CardCritics™
1 month ago - The Amex Gold Card does not charge foreign transaction fees.
American Express
americanexpress.com › credit intel › debt
What You Should Know About Foreign Transaction Fees
June 16, 2025 - A number of American Express® Credit Cards have no foreign transaction fees. These include The Platinum Card®, The American Express® Gold Card, and The American Express Green Card®.
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.
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.
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?