Right! But it CAN last for one more year, depending on your spending patterns, credit rating, etc. The MBNA AMEX cards are maintaing the 1% foreign currency fee. The card comes in a Platinum variety, with no fee for one year, and a point system that yields 1.5 to 2.5 points per dollar with a 0.5 US cent to 1 US cent cash rebate per point (depending on spending levels). So, it is possible that this card could yield about 2% for one year. After that, perhaps the dust will have settled and better deals will have become available.