Marshall Jamieson, Finance Pro
@bergman77
The Blue Cash Preferred® Card from American Express foreign transaction fee is 2.7%. This is the surcharge applied to all transactions made outside of the U.S. That includes both purchases in another country and stateside transactions through an internationally-based merchant.
All American Express cards with foreign transaction fees charge 2.7%. This includes the Blue Cash Preferred® Card from American Express’s companion card, the Blue Cash Everyday® Card from American Express. The percentage other issuers apply to foreign transactions varies, but will range from 1%-3%. Capital One, Discover and USAA are the three major issuers with no foreign transaction fees on any of their cards.
The Blue Cash Preferred® Card from American Express is ideal for everyday purchases. But it may not be the best option for travel. It offers 6% cash back on grocery purchases, up to $6,000 spent per year, and 3% at gas stations. There’s also a $300 statement credit for spending $3,000 in the first 6 months. Cash back rewards can be redeemed for statement credits, gift cards and merchandise. The Blue Cash Preferred® Card from American Express’s annual fee is $0 intro 1st yr, $95 after.
American Express Blue Cash Preferred foreign transaction fee and more:
- Foreign transaction fee: 2.7%
- When the foreign transaction fee applies: On all transactions outside of the U.S. and through an internationally-based merchant.
- Annual Fee: $0 intro 1st yr, $95 after.
- Introductory APR: 0% for 12 months on purchases.
- Cash advance fee: 5% (min $10) of the balance.
- Maximum Late Fee: $40
- Regular APR: 13.99% - 23.99% (V)
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