This fee covers the cost of currency conversion and is typically a percentage of the transaction amount. Conversely, some international transactions processed entirely through a US-based network might avoid the charge.
Foreign Fees Vs Rewards: How The Amex Green Card Stacks Up
For high-spending individuals, this fee can accumulate quickly, making it a substantial factor in your annual spending analysis. Always verify the currency in which the transaction was processed to understand why a fee was or was not charged.
This percentage is added to the total cost of your purchase, effectively increasing the price of every international transaction. Many online international retailers offer this option at checkout, allowing you to bypass the conversion fee entirely.
Foreign Fees Vs Rewards: How The Amex Green Card Handles Foreign Transaction Fees
The net value of the card often remains positive even with the foreign transaction fee, provided the cardholder actively uses the included perks. How Foreign Transaction Fees Work A foreign transaction fee is a charge imposed by your card issuer for purchases made in a currency other than your card’s billing currency.
More About American express green card foreign transaction fee
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