Thursday, May 03, 2007

Still More Re Foreign Credit-Card Fees

We wrote recently about credit card foreign-exchange fees, touting Capital One and Washington Mutual as the best (lowest fees) in our research.

We just realized that while the American Express Platinum Business “FreedomPass” card carries a 2% foreign-exchange conversion fee, the card’s rewards percentage works out to 1-1/4% ($100 ticket value redemption for 7,500 points, earned at 1 point per $1). This brings the “net” foreign-exchange fee down to 3/4% – better than all but Capital One (0%).