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Originally Posted by Happy
Originally Posted by
percysmith
AMEX DEFINITELY imposes forex fee on most of its cards except the PLAT card but while it has 0 forex fee, the rate AMEX uses to translate the value is notoriously BAD. The forex fee when charged, is 2.7% versus the 3% standard for MC / Visa.
Chase has MANY affinity cards and its own house cards now are 0% forex fee. All hotel cards, BA, and a version of UA card are 0% forex fee, so as Sapphire Preferred.
Citi's Premier and Prestige cards have 0% forex fee.
And of course the old standby of Capital One, plus some minor issuers.
There is no reason why a US consumer does not get AT LEAST one to two cards that does not charge forex. Our household has 8 such cards!
Forex = foreign exchange?
What about foreign transaction on Amex own cards below plat?