![]() ![]() That could be when you’re traveling abroad, or when you’re at home but shopping online with a foreign merchant. Some are credit cards, and some are debit cards, and they all have slightly different features and fees, to suit different customer needs.įoreign transaction fees – when they apply – are a percentage added to the bill every time you spend in a foreign currency. There is a broad selection of cards issued by American Express, or through banks on the American Express network. We’ll cover more on this and the providers we’ve picked out here, in a few moments. The percentage amount might seem pretty small, but as it’s applied to every dollar you spend when you’re away from home, the total amount you pay can mount up quickly. Fees that are calculated as a percentage of your spending are especially important to look out for. With credit cards, there’s typically a 3% cash advance feeĪs you can see, the fees you face when using a card internationally can vary pretty widely depending on the bank or provider, and whether you pick a debit or credit card. Varied between different cards – some fee free ATMs are available internationally for debit card withdrawals Some no foreign transaction fee credit cards do exist Varied between different cards – 3% for most debit cards, and many credit cards Monthly fees may apply to your account, depending on the tier you selectīank of America, or card network exchange rate No-fee withdrawals to plan limit, 2% after that No-fees applies when spending from currencies you hold. No foreign transaction fee – currency exchange from 0.41%.Ģ free withdrawals to 100 USD/month free, then 1.5 USD + 2%Ġ.5% fair usage fee once plan limit is exhausted. Varied between different cards – with credit cards, there’s typically a 10 USD or 5% cash advance fee (whichever is higher)Ĭredit cards have interest, late payment fees and penalties if you don’t repay in full Varied between different cards – the cards we have picked out to showcase in this guide have fees from 0% to 2.7% Let’s compare American Express against a couple of alternative providers – Wise and Revolut, and another major US bank – Bank of America, to see how the international fees can vary across different services. ![]() How does American Express compare on international fees? We’ll explain how these fees work in depth in just a moment, and we’ll also give some helpful tips on how to limit or avoid these fees when you travel. To be on the safe side, it’s worth carrying a couple of different payment methods, including cards issued on other networks like Visa and Mastercard, just in case you struggle to pay with AmEx from time to time when you’re away.ĭon’t forget, also, that even if your AmEx card is accepted where you’re headed, it may not be the cheapest available option, due to foreign transaction and currency conversion costs. ![]() There’s a merchant locator map available on the American Express website which can help, although it’s not supported in all destination countries. If you’re traveling it’s helpful to get an idea ahead of time, whether or not AmEx is a popular card network in your destination. It’s useful to know that American Express isn’t as commonly used in some regions as it is in the US. That includes when you spend with merchants, and when you’re making cash withdrawals at an ATM. American Express cards can be used internationally, anywhere you see the AmEx logo. ![]()
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