amex foreign transaction fee platinum reddit

Amex Platinum has no foreign transaction fees, but there may be a fee if you use an ATM (the screen should say what it is).

Do you get options to be charged in USD or Pound!? If so what do you select? You should always select local currency whatever it is wherever you travel in the world. If you select USD, business owners will charge you anywhere from 3-4% in conversion fees

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?

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.

AMEX is not widely accepted in Europa, have a backup plan (visa/mc)

reddit.com › r/amexuk › foreign transactions fees on platinum

r/AmexUK on Reddit: Foreign Transactions Fees on Platinum

May 10, 2025 -

Going to Turkey next week and read somewhere that the 3% foreign transaction fee is not applicable for platinum card holders.

Is this truly the case?

Sorry to say it applies - but the good news…it’s 2.99% 😭

Pretty certain that’s on US Amex. Not the UK one. Very annoying as the UK one is becoming harder to justify.

reddit.com › r/amexuk › foreign transaction fee’s

r/AmexUK on Reddit: Foreign Transaction Fee’s

January 6, 2024 -

Recently got a Gold AMEX rewards and keen to utilise it when travelling to maximise points! We are going travelling this summer (Dubai, Singapore, Thailand) and wanted understand if AMEX charges foreign transaction fee’s for spending outside of the UK

Amex is actually one of the worst cards to use overseas unless you are American. All transactions are first converted to US Dollars with a weighting fee of about 2% and then from UD dollars to pounds with another weighting fee. You will therefore pay about 4 or 5% more for everything than if you used a zero fee credit card such as the Nationwide or Halifax Clarity.

There is an overseas transaction fee of 3% so it not worth it for most people. I always use mine abroad as with the fee included it’s still cheaper than buying Avios with BA and I get more value than I pay.

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?

I thought there were no foreign txn fees on gold and platinum. Is that not the case?

reddit.com › r/amex › additional fees for using amex platinum/gold outside us

r/amex on Reddit: Additional fees for using Amex platinum/gold outside US

September 12, 2022 -

First time visiting outside USA after getting my amex gold, platinum and few other cards. I understand the foreign transaction fee is 0 but wanted to check if there are additional charges/fees associated like currency conversion.

I am visiting India if that matters. Suppose I make a purchase of INR 8000 which is approx $100. Will I see the amount as something over $100 due to some other fee?

Edit: would it be cheaper to use an Indian credit card with no annual fee and no benefits instead? I am certain that I won’t need return protection etc

No additional fees. Currency conversion rates are fair. If a merchant offers to charge you in local currency or USD, always choose local currency. It wouldn’t hurt to also carry a Visa card as backup in case somewhere won’t accept Amex.

Honestly good luck using AMEX in India. Like 30% of places I went last time wanted cash only. The remaining 70% were visa and Mastercard. Only the very upper end hotels and restaurants took AMEX. Mind you last time I went was 2017, good chance things may have changed since.

reddit.com › r/amexplatinum › does it ever make sense to use overseas?

r/AmexPlatinum on Reddit: Does it ever make sense to use overseas?

September 13, 2023 -

Does it ever really make sense to use my Germany platinum overseas, given the 2% fee?

For example, I’m heading to Australia and thinking about picking up a watch for about 5k euro. Does it make sense to accept the 2% surcharge (considering I’d get back 10% GST) just to get Amex points on the purchase?

Someone tell me I’m crazy.

reddit.com › r/amex › atm foreign transaction fee???

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Someone correct me if I’m wrong, but Amex Platinum (US) has no foreign transaction fees, right?

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It'd probably be cheaper to fly to another country to buy that watch.

r/amex on Reddit: ATM foreign transaction fee???

August 1, 2025 -

I am about to leave the country for 10 months and have been trying to find the best currency exchange rate because my banks rates aren’t great. It was suggested that I just frequent ATM’s while traveling since the card has no foreign transaction fee- but does that include when I withdraw money from an ATM? I’m about to go to the bank to get some money to last me for the first few months but if it is true that I can get the foreign cash that I need with no fee that would be game changing (sounds too good to be true but I know some who insist otherwise)

You want to use a bank ATM card to withdraw cash from ATMs, not your credit card. Cash advances on credit cards are very expensive as you will be charged interest.

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The Amex checking account has a foreign transaction fee of 2.7% for ATM withdrawals with your debit card, so I wouldn't want to rely on it for frequent withdrawals. Additionally, you may have a small amount of trouble finding ATMs that will take an Amex card - they're out there, and they're a lot more common in foreign countries than you'd expect, but it's not going to be 100% of all ATMs like for a Visa debit card. So you might have to check two or three ATMs before you find one that you can use.

reddit.com › r/amex › amex is reinstating ftf at 2.7% starting on 2/21/25

r/amex on Reddit: Amex is reinstating FTF at 2.7% starting on 2/21/25

January 21, 2025 -

Can't fit the title so this is for Business Checking account and this is what the email said:

Effective February 21, 2025, we are reinstating the 2.7% Foreign Transaction Fee on your American Express® Business Checking account.

Here's what you should know

Effective February 21, 2025, we are reinstating the 2.7% foreign transaction fees for cash withdrawals and purchases made with your Business Debit Card that are paid in a currency other than U.S. Dollars. ATM owners or merchants may charge a separate fee on foreign transactions.

On February 21, 2025, we will be changing the BCA Account Agreement and the Rates & Fees Table to reflect the reinstatement of the Foreign Transaction Fee.

We're here for you

If you have any questions, please contact us. We're here for you 24/7.

Sincerely,

American Express

Even in the U.S, I struggle finding ATMs that take Amex. As long as Charles Schwab doesn’t change what they offer, I’ll be alright.

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I just got an email with the same announcement but for my personal checking account. Well, guess it stays in the drawer on our next international trip.

Find elsewhere

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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.

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

reddit.com › r/personalfinancecanada › american express platinum card - foreign transaction fee?

r/PersonalFinanceCanada on Reddit: American Express Platinum Card - foreign transaction fee?

July 12, 2021 -

I read the US platinum card doesn't have the fee but does the Canadian American Express have the foreign transaction fee?

It's 2.5% according to the product information page: https://www.americanexpress.com/en-ca/charge-cards/apply/personal/platinum Charges in a currency other than Canadian dollars will be converted into Canadian dollars on the date we process the charge. If the charge is not in U.S. dollars, it will first be converted to U.S. dollars and then into Canadian dollars. If the charge is in U.S. dollars, it will be converted directly into Canadian dollars. Unless required by law or used by custom, conversion rates are based on interbank rates selected from customary industry sources on the business day prior to the processing date, increased by a single conversion commission of 2.5% of each charge. Any conversion commission charged on the original charge will not be returned on a refund.

Yep, the only American Express card with no foreign transactions fees issued in Canada is actually an Amex networked card issued by Scotiabank.

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.

reddit.com › r/amex › amex card has no foreign transaction fee, but...

r/amex on Reddit: Amex card has no foreign transaction fee, but...

December 10, 2024 -

Amex card has no foreign transaction fee, but they get you on the exchange rate.

I made a car reservation in Iceland, and the pending charge came up to $898, when the charge posted, it became $905. !!!

Then I had to cancel the rental the same day, and the car rental in Iceland issued the full refund in ISK. Guess what, Amex only refunded me $898. !!! WTF.

I had to call to get the $7 difference back. They were initially saying I have to deal with merchant about this, like really? But eventually refunded the $7.

I never had this problem with Visa tacking extra $ to hide the foreign transaction fee. If you make a foreign currency charge, make sure to keep an eye on the exchange rate. So no more foreign currency transaction using Amex for me.

I would go crazy if I verified the exchange rate on every transaction when traveling abroad. If you’re worrying about $7 on a nearly thousand dollar transaction while being in Iceland, you aren’t doing it right, or you can’t afford the trip in the first place

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I’ve always had fair conversion rates with Amex in other countries. What was charge supposed to be, Icelandic Krona to USD? Amex’s website states 2.234% difference currently. Edit: not sure why we have such penurious comments. It’s their money and if OP wants to be mad at $7 that’s their right.

reddit.com › r/amex › is incurring the 2.99% foreign charge worth it?

r/amex on Reddit: Is incurring the 2.99% Foreign Charge worth it?

October 11, 2022 -

Hi all,

I am an expat (from the UK) considering either a Platinum or Gold card and spoke to an agent to clarify whether or not getting a UK-based card would make sense to build my credit rating.

The agent told that despite incurring a 2.99% foreign charge for every transaction, the bonus point for spending in a currency different to the one that card used will incur additional bonus points that outweighs the 2.99% foreign charge.

The agent said that for every 1GBP spent on that card (in a different currency to that of the account) I will get 1GBP worth of bonus points that can then be spent in the future.

This seems too good to be true. Was there a miscommunication between me and the agent?

The agent also said that it is common for expats to get an Amex card issued in the country in which they are from (to build credit) and then use it for every day use in a different country which they live in and incur 2.99% transactions on every purchase that they make.

Once again, can anyone vouch for this?

Thank you all.

Why not get an AMEX without a foreign transaction fee? Yes this is dumb you are literally just raising the price of everything you buy for 3% and no, the points earned won't offset this long term.

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The agent said that for every 1GBP spent on that card (in a different currency to that of the account) I will get 1GBP worth of bonus points that can then be spent in the future. This is not correct. I'm guessing though that you misunderstood the agent. I'm not sure on the specifics of the UK card, but you'll probably get 1 MR point for each GPB spent. An MR point is worth ~1 cent.

global.americanexpress.com › card-benefits › detail › no-foreign-transaction-fees › delta-platinum

No Foreign Transaction Fees | Platinum Delta Skymiles® ...

Skip to main content · My Account · Cards · Banking · Travel · Rewards & Benefits

reddit.com › r/amex › foreign currency fees question

r/amex on Reddit: Foreign Currency Fees Question

December 14, 2022 -

Hello, do foreign currency fees get added to the transaction, or are they billed separately?

Which Amex card do you have? It isn't clear precisely what you are asking. Are you asking about: Foreign transaction fees, or Exchange rate Unless it changed recently, Amex cards that have an FTF charge 2.7%. I don't know if it is shown separately, but I believe it is itemized. If you're asking about the exchange rate, Amex's rate will be similar to what you'd get with a Visa or Mastercard. P2 and I were recently in Vancouver. She was using her Hilton Surpass and I was using my Citi Prestige. This would have been CAD transactions with USD cards. When we used public transportation, we'd tap our cards for the fare seconds apart, and the amount was the same. When the transactions hit the accounts, it was interesting to see the difference in exchange rates. Most times they were exactly the same in USD, or within a penny (fraction of a percentage). If there was a penny difference, Amex was better. The difference was negligible.

I used my blue business plus in europe… boy did i wake up to a hefty foreign transaction fee

Ramp

ramp.com › blog › business credit cards

American Express Foreign Transaction Fees Guide

October 13, 2025 - You can avoid AmEx foreign transaction fees by using a business card that doesn’t charge them. American Express offers several options, including the Business Gold, Business Platinum, and Marriott Bonvoy Business cards.