Almost all cards in canada don't offer it so no competition or need to offer it. American issuers need to offer to entice ppl to get those cards as there's much more competition Answer from 11kajd on reddit.com
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
CanadaChange Country · English · Français · Welcome to the Help Centre · Using your card abroad · Can I get an emergency Card replacement? Can I use my American Express® Card abroad? Can I use my contactless Card abroad? Do I need to notify American Express before I travel? How can I get emergency assistance while travelling? What are the exchange rates and foreign transaction fees for out of country charges?
Reddit
reddit.com › r/amexcanada › why amex canada does not have any “no fx fees” card?
r/amexcanada on Reddit: Why Amex Canada does not have any “no FX fees” card?
October 29, 2024 -
I’m just trying to understand if there’s a particular reason for this? Especially the “premium/travel” cards such as Platinum, Aeroplan Reserve. Seems like it defeats their own purpose.
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Almost all cards in canada don't offer it so no competition or need to offer it. American issuers need to offer to entice ppl to get those cards as there's much more competition
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Because it’s not a deterrent for most people since there aren’t many cards in Canada that offer no forex. Now that AMEX cobalt no longer has 5x the points on international food/grocery purchases I got the Scotia AMEX Gold which gives you 5x scene points (5% CB) intl and no forex, so a benefit of 7.5%. You can also get first year free and if you sign up with Frugal Flyers you get $200 CB as well.
Reddit
reddit.com › r/amexcanada › [deleted by user]
Does Amex charge foreign transaction fees? : r/amexcanada
September 3, 2022 - All amex cards issued by amex canada have a 2.5% fx fee.
Exiap
exiap.ca › home › guides › american express foreign transaction fees & alternatives
American Express Foreign Transaction Fees & Alternatives - Exiap
February 18, 2025 - Some cards have no foreign transaction fees – but may have higher annual fees – and others have foreign transaction fees which are normally set at about 2.5%. Yes. American Express can be used internationally, although the network isn’t as popular in some regions as it is in North America.
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.
Wise
wise.com › ca › blog › amex-travel-card-canada-guide
A closer look at the best Amex travel cards in Canada
July 2, 2024 - ... Considered a premium credit card, the Scotiabank Gold American Express Card is ideal for folks who love getting rewards on their everyday purchases3. ... Save 2.5% on all foreign transaction fees on foreign currency purchases, including ...
Justwealth
justwealth.com › home › blog posts › how credit card foreign transaction fees work in canada
How Credit Card Foreign Transaction Fees Work in Canada - Justwealth
December 21, 2023 - In Canada, most credit cards charge a standard foreign transaction fee of 2.5%. Many people don’t realize this fee exists because it’s calculated right into the exchange rate that appears on your statement. In addition, the mention of foreign transaction fees only shows up when you sign up for a credit card and in the cardholder agreement.
CreditCardGenius
creditcardgenius.ca › blog › currency-exchange-rate-fees
creditcardGenius
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American Express
americanexpress.com › ca › en › customer-service › faq.can-i-use-my-american-express-card-abroad.html
Can I use my American Express® Card abroad?
While abroad, you can continue to use your Card to make purchases anywhere that accepts American Express®. However, keep in mind that currency conversion fees may apply to your transactions. Please refer to your Cardmember Agreement for specific details regarding charges made in foreign currencies.
Scotiabank Canada
scotiabank.com › credit cards › american express › scotiabank gold american express card
Scotiabank Gold American Express® Card | Scotiabank Canada
Shop online or abroad without the typical 2.5% foreign transaction fee on purchases made in a foreign currency.5 Just the exchange rate applies.
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.
Forbes Advisor
forbes.com › advisor › ca › credit-cards › amex-platinum-foreign-transaction-fee
How Much is the Amex Platinum Card Foreign Transaction Fee? – Forbes Advisor Canada
September 8, 2025 - The foreign transaction fee with The Platinum Card® is the industry standard of 2.5%. Now, Amex does add to that foreign transaction fee with a high annual fee of $799, so you’ll have to spend a lot to make that amount worthwhile.
Ramp
ramp.com › blog › business credit cards
American Express Foreign Transaction Fees Guide
October 13, 2025 - Look for language like “foreign transaction fee” or “fees on international purchases.” If it lists a 2.7% credit card charge, your business is paying more than it needs to every time you spend globally.
WalletHub
wallethub.com › popular credit card questions
American Express Cards With No Foreign Transaction Fees
2 weeks ago - While American Express no-foreign transaction fee credit cards make it cheaper to travel with your Amex card, they’re not accepted everywhere. You should be able to find businesses that accept American Express in places like Canada and Mexico.
Ratehub.ca
ratehub.ca › blog › credit-cards-with-no-foreign-exchange-fees
Canada’s best no foreign transaction fee credit cards for 2026 | Ratehub.ca
2 weeks ago - Foreign exchange rates and foreign transaction fees often get mixed up, but they’re two very different costs: Foreign exchange rates represent the price of converting one currency into another (e.g. how many Canadian dollars equal one US dollar). These rates change constantly based on global markets, economic conditions, and the cost of goods and services in each country. Your credit card network (Visa, Mastercard, or Amex...
American Express
global.americanexpress.com › card-benefits › detail › no-foreign-transaction-fees › platinum
No Foreign Transaction Fees | Platinum Card Benefits
Skip to main content · My Account · Cards · Banking · Travel · Rewards & Benefits
Scotiabank Canada
scotiabank.com › ca › en › personal › credit-cards › american-express › compare-american-express-credit-cards.html
Compare American Express Credit Cards | Scotiabank Canada
You may be charged FX fees when you use your credit card to buy something in a foreign currency either online or while you’re travelling.
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.