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
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WalletHub
wallethub.com › popular credit card questions
2026 Amex Gold Card Exchange Rate
November 24, 2025 - American Express exchange rates change on a daily basis, but they do not make their exchange rates public. The rates do tend to be quite low, however. Amex Gold Card does not charge foreign transaction fees, unlike most other cards.
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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?

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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?
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American Express
americanexpress.com › content › dam › amex › en-ph › network › documents › consumer › AMEX_FCS_JAN2023_A.pdf pdf
•BacNet P100* /month P200* /month P200/month
For foreign charges converted using the prevailing foreign exchange rate of American Express at the time of posting, a conversion factor of 2.5% will be applied to the
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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 ...
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American Express
americanexpress.com › home › life with amex › credit cards › using a credit card abroad
Using a Credit Card Abroad | AMEX UK
American Express charges a currency conversion fee of 2.99% of the converted value of the transaction for each foreign currency purchase you make. ... If you use your Card to withdraw cash abroad, a cash fee of 3% of the withdrawal amount or £3 (whichever is greater) will be payable in addition ...
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American Express
global.americanexpress.com › card-benefits › detail › no-foreign-transaction-fees › gold
No Foreign Transaction Fees
Skip to main content · My Account · Cards · Banking · Travel · Rewards & Benefits
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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.
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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?

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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.
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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!

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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.
Find elsewhere
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American Express
americanexpress.com › customer service › payments & billings
What are the exchange rates abroad | FAQs | Amex UK
Travelling overseas? Discover how Amex exchange rates work, what fees apply, and how currencies are converted when you use your Card internationally.
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American Express
americanexpress.com › uk › legal › fx-ecb-comparison
Foreign Exchange ECB Comparison
This means that the exchange rate used may differ from the rate that is in effect on the date of the transaction. When we convert a transaction into local currency, the transaction amount is determined by the daily Foreign Exchange Rate and the Currency Conversion Fee that applies to the product being used.
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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?

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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)
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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.
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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?

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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.
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WalletHub
wallethub.com › popular credit card questions
What is the American Express Exchange Rate?
July 11, 2025 - Amex has separate exchange rates for more than 80 currencies, and they all fluctuate from day to day. Depending on the Amex card you use for international purchases, you may have to pay a foreign transaction fee on top of the exchange rate.
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WalletHub
wallethub.com › answers › cc › american-express-gold-card-exchange-rate-2140768600
2023 Amex Gold card Exchange Rate
February 14, 2021 - That can really add up, especially since Amex’s 2.7% foreign fee is... read full answer · The American Express® Gold Card foreign transaction fee is 0%. This means you won’t be charged extra anytime you use the American Express® Gold ...
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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
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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
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Reddit
reddit.com › r/creditcards › american express exchange rate (currency conversion)
r/CreditCards on Reddit: American Express Exchange Rate (Currency Conversion)
December 17, 2021 -

It seems like I cannot find the currency conversion rate that American Express uses, unlike Visa and Mastercard, where they have a specific page where they let their customers to calculate the currency conversion rate that they use in a specific date.

Does American Express ever have the similar page? Or do they not want the public from accessing it?

Edit:

Visa - https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html

Mastercard - https://www.mastercard.us/en-us/personal/get-support/convert-currency.html

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In general at the moment, MC has the best rates and then it's Visa. Amex is more expensive than both. I'm unsure how discover compares. Amex also isn't upfront about their conversion rates.
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There is not a lookup tool, but they use the interbank rate - same as Visa and Mastercard. Payment networks don't markup the interbank exchange rates for customer transactions. From your card member agreement: If you make a charge in a foreign currency, AE Exposure Management Ltd. ("AEEML") will convert it into U.S. dollars on the date we or our agents process it, so that we bill you for the charge in U.S. dollars based upon this conversion. Unless a particular rate is required by law, AEEML will choose a conversion rate that is acceptable to us for that date. The rate AEEML uses is no more than the highest official rate published by a government agency or the highest interbank rate AEEML identifies from customary banking sources on the conversion date or the prior business day. This rate may differ from rates that are in effect on the date of your charge. We will bill charges converted by establishments (such as airlines) at the rates they use
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American Express
americanexpress.com › uk › travel › productcomparison › index.html
Product Comparison Table | American Express UK
Product comparison table for spending abroad on your American Express card.