The American Express Business Platinum foreign transaction fee is $0. That’s because The Amex Business Platinum Card was made with travel in mind. You get 5x points when you book flights and hotels on Amex Travel, and a 35% bonus if you use your points to pay for them. Plus, you get to hang out in over 1,000 different airport lounges for free.
But just because Amex Business Platinum has no foreign transaction fee doesn’t mean you won’t have to pay any fees. Who could forget about the huge $595 annual fee? There’s also a $38 fee for late or returned payments and a $300 annual fee for additional Platinum cards. You can get up to 99 Green cards for authorized users for free though.
Here’s how the American Express Business Platinum foreign transaction fee compares:
American Express Business Platinum foreign transaction fee: $0
American Express Business Gold foreign transaction fee: 0$
Capital One Spark Miles for Business foreign transaction fee: $0
Chase Ink Business Preferred foreign transaction fee: $0
Bank of America Business Advantage Cash Rewards foreign transaction fee: 3%
You won’t pay an American Express Business Platinum foreign transaction fee if you use your card to buy something abroad, or from an internationally based merchant. But you will pay a hefty $595 fee every year. Amex Business Platinum is only worth the price for people who travel enough to take full advantage of the rewards, and who value perks like airport lounge access.
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