American Express International Transaction

An American Express international transaction is a payment or withdrawal made with an American Express card in a foreign currency or outside the country of issue. Depending on the type of card and the country of destination, different fees and exchange rates may apply to the transaction.

Here are some of the factors that affect the cost and convenience of an American Express international transaction:

1. Non-sterling transaction fee: This is a fee charged by American Express for converting the foreign currency amount into the card's currency. The fee is usually 2.99% of the transaction amount.

2. Cash fee: This is a fee charged by American Express for withdrawing cash from an ATM abroad. The fee is usually 3% of the withdrawal amount or £3, whichever is greater, in addition to the non-sterling transaction fee.

3. Exchange rate: This is the rate used by American Express to convert the foreign currency amount into the card's currency. The rate is updated daily and may differ from the market rate or the rate offered by other providers.

4. Acceptance: This is the availability and recognition of American Express cards by merchants and ATMs abroad. American Express cards are widely accepted in many countries, but not in all. Some merchants or ATMs may display the Amex logo but still decline the card or charge extra fees.