Are there any foreign transaction fees when using my American Express card abroad?
No, American Express does not charge any foreign transaction fees when using your card abroad. Whether you are making purchases, dining out, or withdrawing cash from ATMs overseas, you won't be subject to any additional fees. However, it's important to note that the exchange rate applied to your transactions may differ from the market rate, as American Express adds a small markup. This is referred to as a foreign exchange fee, which is generally around 2.99% for transactions in currencies other than British Pound Sterling. Rest assured, American Express aims to provide a transparent and hassle-free experience for their cardholders when it comes to using their cards internationally.
Answered May 3, 2024
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