amex administrative fee foreign currencies
Re: Charges in foreign currency. I avoid using my AMEX Gold and AMEX Platinum Skymiles cards internationally due to the foreign charges fee. Get a Capitol One Visa-no fees for foreign transactions and you get the daily exchange rate. Welcome to the Community! American Express charges a 2.7% foreign transaction fee for converting foreign currency. The fee is billed to offset the cost of currency conversion services. In terms of foreign currency conversion, the rate we use is no more than: andrae@amex wrote: American Express charges a 2.7% foreign transaction fee for converting foreign currency. The fee is billed to offset the cost of currency conversion services. American Express charges a 2.7% foreign transaction fee for converting foreign currency. The fee is billed to offset the cost of currency conversion services. In terms of foreign currency conversion, the rate we use is no more than: Welcome to the Community! American Express charges a 2.7% foreign transaction fee for converting foreign currency. The fee is billed to offset the cost of currency conversion services. In terms of foreign currency conversion, the rate we use is no more than: 1  The highest official rate published by a government agency. Welcome to the Community! American Express charges a 2.7% foreign transaction fee for converting foreign currency. The fee is billed to offset the cost of currency conversion services. If you decide to be charged in the local currency, your credit card issuer may charge you a foreign-transaction fee to convert the purchase into dollars. Not every credit card charges a foreign-transaction fee, however. Capital One and Discover don't charge any foreign-transaction fees on any of their cards. Ask to be charged in the local currency to avoid the currency-conversion fee.However, if your credit card charges a foreign-transaction fee, the choice is murkier. You will want to pay in the currency that generates the cheaper fee.Foreign-transaction fees are usually between 2 percent and 3 percent of the sale. Re: Charges in foreign currency. Platinum is $450, and true, there are cards out there with much lower annual fees or no annual fees, which have no foreign transaction fees, but none of them offer the benefits that Platinum does. For foreign charges converted by American Express, American Express applies a conversion factor of 1% to the converted amount. An administrative fee for services provided or actions taken by us in relation to such foreign currency transactions shall be payable by you and debited to your Card Account.