Edited by: Keri Stooksbury
& Kellie Jez
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If you’re about to embark on an international trip, take a moment to consider your credit cards. Some credit cards charge foreign transaction fees when you make a purchase in a foreign currency, which can add up quickly.
But there’s good news if you’re a cardholder of The Platinum Card® from American Express: this card doesn’t have a foreign transaction fee (rates & fees) and is an excellent choice for international travel.
Still, it pays to be aware of all the fees you may encounter as you use this card at home or abroad and understand how the Amex Platinum card can be helpful for international travel. Read on to understand international transaction fees with the Amex Platinum card and what you need to know about using your Amex abroad.
You can use your Amex Platinum card overseas, with global Amex acceptance reaching more than 80 million locations.
In fact, the Amex Platinum card is one of the best travel credit cards, offering rewards and benefits that can make travel more comfortable and save you money. These rewards and benefits can easily offset the card’s $695 annual fee, particularly if you travel often (rates & fees).
The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.
When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card® from American Express.
Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.
Some of the international travel benefits of the Amex Platinum card include:
Note that some benefits require enrollment through your American Express account.
Whether you’re amassing points to redeem with airline or hotel partners, using travel credits, visiting lounges, taking advantage of elite status, using travel insurance coverage, or making foreign transactions, the Amex Platinum card can come in clutch on your next international trip.
Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 125k (or 150k) points with the Amex Platinum. The current public offer is 80,000 points. (This targeted offer was independently researched and may not be available to all applicants.)
When you travel internationally, there’s always a possibility you’ll have to pay international transaction fees. These can include foreign transaction fees charged by your credit card or dynamic currency conversion fees charged by merchants or ATMs. And if you need to get cash using your credit card, you’ll pay a cash advance fee and APR.
The Amex Platinum card doesn’t charge a foreign transaction fee, but it does have a cash advance fee and APR. Although dynamic currency conversion fees don’t originate from the Amex Platinum card, you should also understand how to avoid them.
Many travel rewards cards, including the Amex Platinum card, don’t charge a foreign transaction fee.
Foreign transaction fees are paid when you buy something in a foreign currency or when a foreign bank processes your transaction. Usually, foreign transaction fees are 3% of your total transaction. When you have to pay a 3% foreign transaction fee, spending $500 quickly turns into $515 just for using your card.
Using an Amex Platinum card with no foreign transaction fees can save you money when you travel internationally.Hot Tip:
The Amex Platinum card is one of many cards that waive foreign transaction fees. Read our guide to the best credit cards with no foreign transaction fees.
Although you can avoid a foreign transaction fee by using the Amex Platinum card, you might be hit with a dynamic currency conversion (DCC) fee when you make an international transaction. Amex doesn’t charge the DCC fee; rather, it’s charged by the ATM or merchant you transact with.
You may encounter a DCC fee if a merchant offers to process your payment in your home currency rather than the local currency, or an ATM in a foreign country may offer to lock in your rate. This might sound like a good idea, but you’ll pay a hefty fee for it.
Generally, DCC fees range from 2.6% to 18%. It’s best to decline the offer to use your home currency when you travel internationally. Always choose to pay in the local currency.
You’ll be charged for a cash advance if you use an ATM with your Amex Platinum card.
The Amex Platinum card charges either $10 or 5% of the amount of each cash advance, whichever is greater. Cash advances carry a 29.99% APR, which starts accruing the day you make a transaction (rates & fees).Hot Tip:
Getting a cash advance from your Amex Platinum card should be your last resort for getting cash, especially when traveling internationally. You’ll pay high a high interest rate and fee, so it’s best to get cash before you leave home.
Not having a foreign transaction fee is one of the many ways the Amex Platinum card can enhance your international travel plans. With no foreign transaction fee and a long list of travel benefits, you can find savings and travel better with this card.
But while you can avoid the foreign transaction fee with the Amex Platinum card, beware of cash advances and ATMs and vendors that offer to process your transaction in your home currency — you’ll pay hefty fees for convenience.
For the car rental loss and damage insurance benefit of The Platinum Card® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
For the trip cancellation and interruption insurance benefit of The Platinum Card® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
For the trip delay insurance benefit of The Platinum Card® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
For rates and fees of The Platinum Card® from American Express, click here.
The Amex Platinum card has global acceptance, covering over 80 million locations across 160+ countries. While Amex doesn’t have the massive international acceptance footprint of Visa or Mastercard, the Amex Platinum card is accepted in many countries. If you’re concerned about acceptance, you can plan to use your Amex Platinum card, but bring a Visa or Mastercard as a backup.
The Amex Platinum card doesn’t charge a foreign transaction fee.
You don’t need to notify Amex of upcoming international travel. Amex uses fraud-detection technology to recognize when you’re traveling. However, Amex recommends updating your contact information in case the issuer needs to contact you while traveling.
While Amex acceptance varies between merchants, there are some countries where Amex isn’t accepted at all, including Belarus, Cuba, North Korea, Russia, and Sudan.
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UP's Bonus Valuation
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.