How much are American Express foreign transaction fees?

The major credit card foreign transaction fees range from 0% to 3% of each purchase processed internationally. The average credit card’s foreign fee is roughly 1.5%. Some credit card companies do not charge foreign transaction fees on any of their cards, including Capital One, Discover and USAA. Other credit card companies charge foreign transaction fees on some, or even most, of their cards. But each of the 10 largest credit card issuers has at least one credit card with no foreign transaction fees.… read full answer

Here are the foreign transaction fees by credit card company:

Issuers charge foreign transaction fees on purchases made outside the U.S., whether in-person or online. The fee is always a percentage of the total purchase amount. The reason credit card companies charge foreign transaction fees is to help pay for the costs of currency conversion in international purchases. It’s essential to take a no foreign transaction fee credit card when going abroad, because those charges can quickly build up.

There are American Express exchange rates for sending and receiving money in more than 80 currencies. They include the Canadian Dollar, the British Pound, the Euro, the Mexican Peso, the Russian Ruble and the Japanese Yen. The rate is automatically applied to international purchases charged to Amex credit cards. American Express FX International Payments customers can access their accounts … read full answeronline to get the day’s exchange rates. However, these rates are not available to the public.

Exchange rates between the U.S. dollar and all other currencies fluctuate daily. But because American Express does not publish them openly, it’s difficult to track them. Visa and Mastercard publish their exchange rates daily. Discover does not. Many reports say Mastercard offers slightly better exchange rates than Visa. American Express reportedly is closer to Visa than Mastercard.

It’s also useful to know that you can’t make foreign transactions directly from an American Express savings account. But if you make a foreign transaction using your checking account, debit card or prepaid card, the exchange rates are the same as those used for credit cards.

There are several American Express credit cards that have no foreign transaction fees, including the American Express Platinum card, the American Express® Gold Card, and cards with rewards for Hilton, Marriott and Delta. The Amex cards without international fees have annual fees ranging from $0 to $500+. They also offer valuable travel benefits, such as free checked bags and luxury airport lounge access.… read full answer

The best American Express credit card with 0% foreign transaction fee is the Hilton Honors American Express Card because it’s one of the two general-consumer offer with a $0 annual fee. The Hilton Honors Credit Card also has a nice initial bonus, giving 80,000 points for spending $1,000 in the first 3 months plus an additional 50,000 points for spending a total of $5,000 in the first 6 months. The ongoing rewards are pretty good, too; cardholders earn 3 - 7 points per $1, depending on the type of purchase.

American Express Cards with No Foreign Transaction Fees:

• American Express Platinum card ($695 annual fee)
• Hilton Honors American Express Surpass® Card ($95 annual fee)
• Hilton Honors Credit Card ($0 annual fee)
• American Express® Gold Card ($250 annual fee)
• Marriott Bonvoy Brilliant™ American Express® Card ($450 annual fee)
• Delta SkyMiles® Reserve American Express Card ($550 annual fee)
• Delta SkyMiles® Gold American Express Card ($0 intro 1st yr, $99 after annual fee)
• Delta SkyMiles® Platinum American Express Card ($250 annual fee)
• American Express® Green Card (($150 annual fee)
• Hilton Honors American Express Surpass® Card ($95 annual fee)
• Delta SkyMiles® Blue American Express Card ($0 annual fee)

While American Express no-foreign transaction fee credit cards make it cheaper to travel with your Amex card, they’re not accepted everywhere. You should be able to find businesses that accept American Express in places like Canada and Mexico. However, it’ll be harder in smaller countries, especially those that don’t typically do business with the U.S.