Comment by rockostrich

2 years ago

Pretty much all Amex cards with an annual fee have no foreign transaction fees as a benefit. The issue is that a lot of small business merchants outside of the US don't accept Amex (or will at least say they don't to avoid the higher interchange fee).

> Pretty much all Amex cards with an annual fee have no foreign transaction fees as a benefit.

Even in the US, this is not true. The Blue Cash Preferred and Everyday Preferred cards have foreign transaction fees, as does the Business Green card.

Practically all non-US-issued Amex cards have foreign transaction fees as well. The US card market seems to be very competitive on that front.

Not in France - I have an Amex Platinum and with it I get the above described absurd fees and bad exchange rates.

Funnily I've gotten notified a couple of times by Amex, as per ECB regulations, that the course they've used is significantly worse than the official one.

I don't think that's the case outside the US. Sweden here; all of the Amex cards available locally charge a 2% currency exchange fee.

Every foreign exchange writes "no transaction fee". What they forget to mention is their exchange rate.