The American Express Gold Card foreign transaction fee is $0. Amex Gold is one of more than 10 American Express cards with no foreign transaction fees. All other American Express cards charge a foreign transaction fee of 2.7%.
Having no foreign transaction fee means you won’t be charged extra on any transaction processed outside of the United States. But despite the American Express Gold Card’s $0 foreign transaction fee, the card isn’t necessarily the best choice for international travelers. Even if you spend enough to offset the $250 annual fee, American Express cards are not as widely accepted worldwide as other networks. But the Gold card does have good rewards in the U.S.
American Express is accepted at 8.5 million merchant locations in the U.S. and in 160+ countries and territories abroad. Aside from the U.S., the countries where American Express is accepted most include Canada, Australia, the UK, India and Mexico.
Most major retailers in the U.S. accept American Express. And Amex even reports that it added more than 1.5 million U.S. merchant locations in 2017 alone. The biggest exception is Costco, which only accepts Visa cards now, after switching from Amex only in 2016. … read full answer
So an American Express card is enough for your shopping within the U.S. Though you may find some stores that don’t take it, the majority will. If you’re planning to travel abroad, you’ll probably want to have a no foreign transaction fee Visa or Mastercard, at least as backup. Those networks are accepted in over 200 countries and territories.
Barclaycard Arrival Plus is the best credit card for international travel. It earned a total score of 88% in WalletHub’s analysis of 69 of the most popular travel rewards cards, easily topping the runners up: USAA Visa Signature cards (85.52%). Why? Arrival Plus offers solid travel insurance, financial assistance for travel emergencies, the ability to get a replacement card while abroad and very attractive travel rewards. Plus, it doesn’t charge a foreign transaction fee.… read full answer You can learn more about the best cards from WalletHub’s International Travel Credit Card Cost & Benefit Report. But in general, there are a handful of things that you’ll want in a credit card for international travel:
Worldwide Acceptance: Visa and Mastercard are the only two card networks with global ubiquity. They’ll also save you up to 9% on currency conversion, if you choose the right card.
No Foreign Transaction Fee: The average credit card charges a fee equal to 1.64% of any purchase processed outside the U.S. That could add up to a lot, so make sure you have a no foreign transaction fee credit card.
Rewards: The right rewards card could save you a bundle on international travel. Whether that card offers airline miles, points or cash back depends on your future travel plans. For example, you may want cash back if you don’t plan to fly anywhere in the foreseeable future.
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