Are there foreign transaction fees on the AMEX Prepaid?

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Are there foreign transaction fees on the AMEX Prepaid?

Postby tigerhunt2011 » Fri Nov 18, 2011 11:26 am

So, I'm planning a trip to Monaco and Nice, France in January and I'm considering my financial options. I'm gonna be shopping, spending money on hotels,food, etc, and of course I want to handle as much as I can through American Express because of the security. I have a Business Platinum card for all the travel perks, and I know there are zero foreign transaction fees on top of the exchange rates for the Euro.

My question is: if I bought one of the new Prepaid cards online and loaded it with money, would I be charged foreign transaction fees?

AMEX Business Platinum AU-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
GECRB Paypal Mastercard-$3500-04/13

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Postby Money card » Sat Nov 19, 2011 12:00 am

that's a question I would call the back of your small business platinum card and ask them that..

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Postby Pete838 » Tue Nov 22, 2011 10:02 pm

Yes. The only AMEX cards that do not carry FOREX fees are advertised as such.

I recently took an AMEX Platinum charge card and a Gold credit card with me on a European vacation. The Platinum for charges I knew I could pay right away, and the Gold in case I decided to make any larger vacation purchases. Totally forgot about the FOREX fees on the Gold, and it does add up. When I got the bill I was kicking myself for forgetting.

What is the problem with using the Platinum for everything if you would otherwise put it on a GC? It's perfectly safe, and if it gets hacked or stolen AMEX will overnight you a new one anywhere in the world.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
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Postby BoughtMyPoints » Sun Dec 25, 2011 11:47 am

I recently ran the same foreign currency charge using the Amex Pre-paid and a Chase mastercard.

Chase was 3.5% higher!

The Amex pre-paid is brilliant as an ATM card, as well.

Local banks charge $5 per ATM withdrawal. Chase tacks on their $5 fee, too, plus 3% currency surcharge.

Amex pre-paid is $2 (1%) on max. $200 withdrawal every 7 days. That $2 fee is waived once per calendar month.

Need more than $200 in local currency. Answer : each social security number can support 4 cards (1 pre-paid and 3 Pass cards).

It's the real deal.

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