What's the American Express Blue Cash Preferred foreign transaction fee?

The Amex Blue Cash Preferred credit limit is $1,000 to nearly $30,000, according to reports from Blue Cash Preferred cardholders online. Amex does not publicize its minimum or maximum credit limits, instead setting Blue Cash Preferred credit limits based primarily on an applicant’s credit history and annual income. So, applicants will not know their exact credit limit until they’re approved for an account.… read full answer

If you’re not satisfied with your starting Amex Blue Cash Preferred credit limit, you can contact American Express and request a credit limit increase. Log in to your online account and find the “Increase Credit Limit” link in the Account Services menu to make your request. Or, call customer service at 1 (800) 528-4800. When prompted, enter your card number and state “credit limit increase” to connect to a customer service representative. Bear in mind that your odds of getting a credit limit increase are best if you’ve made at least 6 consecutive months of on-time payments on your Blue Cash Preferred account.

The American Express foreign transaction fees are 2.7% of all international transactions or 0%, depending on the Amex card. There are plenty of American Express cards with no foreign transaction fee. Those cards tend to be the best options for travel.

If you’re unfamiliar with foreign transaction fees, they’re a surcharge for using a credit card with a foreign merchant. Credit cards with foreign fees usually charge 1%-3% of the purchase price. That can really add up, especially since Amex’s 2.7% foreign fee is on the higher end of the spectrum.… read full answer

Here are the American Express foreign transaction fees:

• American Express cards with foreign transaction fees charge 2.7%.
• Many American Express credit cards have no foreign transaction fees.
• Amex foreign transaction fees apply when you buy things abroad OR shop at foreign merchants online.
• Some of the best American Express cards with 0% foreign fees include the American Express Platinum card and the American Express® Gold Card, as well as the American Express® Green Card and the Amex cards affiliated with Marriott, Hilton and Delta.

If you’re looking for an international credit card, it’s best to get one with no foreign transaction fee, and American Express does have a good selection. But American Express cards aren’t accepted by nearly as many foreign merchants as Visa and Mastercard. So you may find yourself somewhere your Amex won’t work. And that’s why it’s probably better to have a Visa or Mastercard for travel.