Originally Posted by
LongviewTX
With AmEx the situation is different though - it has always explicitly stated (through inclusion of your CC agreement) that it is "hiding" substantial exchange rate spread (for cards I had either 1.5% or 2.5%) in your exchange rate. That's why you will always never see a foreign exchange fee on AmEx branded credit cards even if not issued by AmEx itself (i.e. FIA cards).
My SPG card highlights foreign purchases and separates out the fees. Are you saying there is an additional fee built-in?