American Express forex card is considered one of the best Forex cards with lots of benefits and rewards. This card provides a seamless way to manage expenses in euros or US dollars while traveling abroad. If you are planning to study abroad, be sure to carry a American Express forex card with you for easy international transactions, and there is no better option than American Express.
In this blog, we will explain what is American Express Forex Card, highlighting the benefits, features, and application process to obtain an American Express Forex card. Let’s get started without further ado!
Table of contents
What is American Express Forex Card?
The American Express Forex Card is an international currency card is provided by American Express. This card offers benefits like travel protection, lounge access, and global assistance. It allows you to make seamless transactions worldwide without worrying about currency conversion fees.
Cardholders enjoy 24/7 customer support year-round, ensuring reliable assistance for any account or card-related queries. Whether transacting in euros, US dollars, or other currencies, the card ensures smooth, hassle-free payments globally. A brief overview of the various American Express Forex Cards is given in the table provide here:
| Type of American Express Forex Card | Details |
|---|---|
| Platinum International Currency Card | Available in USD and Euros, this card includes access to 1,400+ airport lounges, travel protection, hotel discounts, car rental benefits, and a 24/7 concierge service. Annual fee: USD 550. |
| Gold International Currency Card | Also in USD and Euros, this card offers travel and dining benefits, travel protection, and 24-hour global assistance. Annual fee: USD 300. |
| American Express International Currency Card | Provides membership rewards points, round-the-clock global assistance, and travel protection. |
| Basic International Currency Card | No annual fees, minimal benefits, but includes 24/7 global assistance. |
Also Read: Confused between debit and Forex cards? Check out our blog on Forex Cards Vs International Debit Card
Types of American Express Forex Card
American Express offers four types of American Express forex card, each with unique features and varying annual fees. Check out the types of Forex cards offered by American Express Bank.
- Platinum International Currency Card
- Gold International Currency Card
- American Express International Currency Card
- Basic International Currency Card
Let’s take an overview of these four American Express Forex Cards one by one:
Platinum International Currency Card
The Platinum International Currency Card is a first type of American Express forex card that is available in both US Dollars and Euros. The card comes with lots of benefits, including built-in travel protection and 24/7 global assistance, ensuring peace of mind during international travel. Check out the features and benefits of the Platinum Forex card below.
- Access to Airport Lounges Worldwide: With the American Express Forex Card, you gain complimentary access to over 1,400 airport lounges across 650 cities and 140 countries. This includes renowned Centurion Lounges, Airspace Lounges, Lufthansa Lounges, and Escape Lounges, providing luxury and comfort while you travel.
- Premium Travel Privileges: Cardholders enjoy exclusive travel perks such as:
- 20% off airfares on some of the world’s finest airlines.
- Complimentary comprehensive travel protection covering unforeseen travel expenses, trip cancellations, and postponements.
- Medical expenses and assistance coverage, including some pre-existing conditions.
- Exclusive hotel privileges, offering discounts and premium services at high-end accommodations worldwide.
- Car Rental & Personal Benefits: With the American Express Forex Card, you enjoy special privileges on car rentals, such as:
- Guaranteed availability, discounts, and free car upgrades with Hertz and Avis car hire.
- Additional coverage on personal belongings during travel.
- Legal assistance and compensation coverage while traveling abroad.
- Exclusive Cruise & Event Access: The card offers onboard credits and shore excursion benefits with leading cruise companies, making your travel experience even more rewarding. Additionally, cardholders get exclusive access to world-class events such as Formula One races and high-profile fashion shows.
- Supplementary Card Benefits: Extend the benefits of your American Express Forex Card to your family with a complimentary supplementary Platinum Card. This allows your loved ones to enjoy the same Forex privileges, travel perks, and luxury experiences.
- 24/7 Platinum Concierge: Managing your travel plans is effortless with the 24/7 Platinum Concierge Service, assisting you with bookings, reservations, and personalized recommendations.
- Easy Access to Insurance Benefits: For any insurance-related queries, cardholders can directly contact the Insurance Benefit Centre to get assistance and information. The American Express Forex Card – Platinum International Currency Card is the ultimate travel companion, offering a seamless and luxurious experience worldwide.
Gold International Currency Card
The Gold International Currency Card is a second type of American Express Forex Card which is also available in two currencies i.e., US dollars and Euros. There are several benefits offered in this card on dining and travel. Some of the main features of the Gold international currency card offered by American Express are under.
- Dedicated Travel Assistance: The dedicated team is going to help you throughout your travel. The assistance is provided by the team for travel and accommodation booking.
- Annual Fee: It has minimal annual fee around USD 300.
- Comprehensive Travel Protection: The travel protection benefits are provided by American Express on the Gold international currency card. The medical expenses, any personal accident or legal assistance, and compensation required are covered under the card.
- Support for International Students in the UK: If you are studying in the UK and require assistance related to travel protection, feel free to contact +44 (0) 800 138 7777 which is free from within the UK on all working days(Monday to Friday – 8 am to 6 pm) or If you face any issues while using your card, simply call the number on the back for assistance.
- 24/7 Global Assistance: For immediate legal or medical emergencies or assistance, American Express provides a 24-hour telephone helpline to its Platinum card members and their families travelling abroad. To contact the Global Assist helpline call +44 (0) 20 3126 4113.
- For emergency cash requirements, you can contact the global assistance helpline number.
- For any issues related to the card, you can directly call +44 (0) 1273 868 900.
American Express International Currency Card
The American Express International Currency Card is a third type of American Express Forex Card that comes with the benefit of round-the-clock global assistance. This card provides membership rewards programme, which allows you to earn points that can be redeemed for travel, shopping, and more. This Forex Card for international students comes with lots of following benefits:
- The best part of the American Express international currency card is that you can enrol in the membership program free of cost. You just need to call the contact number provided on the backside of your card.
- Almost on all your spending, you will be receiving membership reward points. Cardholders can earn membership rewards on every eligible purchase, making international spending more rewarding. These membership reward points can be used or redeemed either for the transaction process or for travel purposes. You can also Transfer points to participating travel and hotel loyalty programs. Membership reward points can be redeemed during flights and hotel bookings as well.
- Travel protection is also provided on the card on delayed flights and travel accidents. Missed connections and baggage delays are also covered.
Basic International Currency Card
The Basic International Currency Card is a fourth type of American Express Forex Card that is the cheapest Forex cards which doesn’t charge any annual fees. The card comes without any rewards, benefits, or features. You just need to have a balance in your account too without any card membership fee. Also, there is round-the-clock global assistance provided on the card. You can contact American Express customer care services at the contact number mentioned on the backside of your card. For any account queries or lost or stolen card queries, you can contact the same number.
Also Read: Looking for a Forex Card from a private bank? Check out this blog on Yes Bank Forex Card
Fees Associated with American Express Forex Card
When using an American Express Forex Card for international travel, it’s important to be aware of the various fees and charges associated with the card. These fees can vary depending on the specific card type you choose, and understanding them can help you manage your spending efficiently.
Check out the image below for detailed understanding of fees and charges associated with each American Express international travel card:
Additionally, your card account provides detailed statements to help you track international transactions. Paying off your full monthly balance ensures that you avoid unnecessary interest charges. Below is an overview of the fees you might encounter with an American Express Forex Card:
Key Fees You May Encounter with an American Express Forex Card:
- Annual Fees: Depending on the American Express Forex Card you select, the annual fee can range from USD 0 to USD 550. The fee is typically tied to the range of benefits and privileges your card offers.
- Foreign Currency Transaction Fee: For all international purchases made with your American Express Forex Card, a 2.99% currency conversion fee is charged. This fee applies to any transaction made in a foreign currency, so be mindful when making international purchases.
- Cash Withdrawals Abroad: If you withdraw cash using your American Express Forex Card at an ATM abroad, you will incur a cash advance fee of 3% of the withdrawal amount (with a minimum of USD 3). Additionally, foreign ATM providers may charge additional fees for using their machines.
- Dynamic Currency Conversion (DCC): When shopping internationally, some merchants may offer to convert your purchase into your home currency. It’s often best to decline this option since DCC usually comes with a higher conversion rate and extra charges compared to paying in the local currency.
Tips to Minimize Fees on Your American Express Forex Card:
- Choose a Card with No Foreign Transaction Fees: For frequent international travelers, opting for an American Express Forex Card with no foreign transaction fees is a great way to save on extra charges during your travels.
- Avoid Cash Withdrawals: Cash advance fees can quickly add up, so it’s advisable to avoid withdrawing cash unless absolutely necessary. Use your American Express Forex Card for purchases to minimize fees.
- Pay in Local Currency: When offered the choice, always choose to pay in the local currency rather than your home currency. This helps you avoid dynamic currency conversion fees and ensures you get the best exchange rate.
FAQs on American Express Forex Card
No, there are no hidden charges associated with the basic Forex card of American Express.
You need to pay USD 550 as an annual card membership fee for the American Express international travel card.
There are several benefits of having an American Express Gold traveler card such as travel protection benefits and membership rewards. The travel is planned by the travel experts which include flights, hotels, tour guides, and much more.
The American Express international travel card is available in two currencies US Dollar and Euro only.
No, you can’t apply directly from the official website of American Express for its international travel card.
The American Express Forex Card is an international currency card that allows travelers to make payments in foreign currencies like euros or US dollars without worrying about currency conversion fees.
For any account queries, lost cards, or transaction issues, you can call the number on the back of your card. American Express customer services are available 24 hours a day, 365 days a year.
With the membership rewards programme, you can earn membership rewards points on eligible transactions and redeem them for travel, shopping, and other perks.
Yes, when using your American Express Forex Card, you can earn points on eligible foreign currency transactions.
This international currency card supports major foreign currencies, including euros or US dollars.
The American Express forex card comes with travel protection, which covers trip cancellations, lost baggage, medical emergencies, and other unforeseen travel issues.
Yes, you can apply for a supplementary card, allowing family members to use the same forex benefits while traveling.
Please note that transaction fees may apply depending on the currency and country of use. Always check the terms before making payments.
Yes, you can use your international currency card of American Express for online purchases in supported currencies like euros or US dollars.
Hope you liked our blog on the American Express Forex card. To know more about forex cards, the best international bank accounts for students, forex and banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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