The American Express Business Platinum card foreign transaction fee is 0%. This means that you won’t get charged extra if you use your card to buy something abroad, or from an internationally based merchant.
That’s because the American Express Business Platinum card is geared towards travel. More specifically, with this card you earn 5 points per $1 spent on flights and prepaid hotels on amextravel.com, 1.5 points per $1 on purchases of $5,000 or more (up to 1 million additional points per year), and 1 point per $1 on all other purchases.
However, the American Express Business Platinum card comes with a hefty $595 fee every year ($695 if application is received on or after 1/13/2022). So, this card is worth the price for people who travel enough to take full advantage of the rewards, and who value perks like airport lounge access.
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.
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.
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