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Originally Posted by benhadi
Apparently the Earth+ card also has no fees for using the card overseas. Not sure what the conversion rate is like. I know AMEX is probably one of the worst ones for conversion coz they convert whatever currently the transaction is to USD first, before converting it again to AUD.
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That "double conversion" is not a problem with Amex. Its just a process. they do not collect a commission for each conversion. The conversions are done at prevailing inter-bank rates and then they add their conversion fee (I think its about 1.5% now, could be more) once. I have checked many conversions from non-US$ to A$ and compared with the rates published on xe.com. In every case the conversion fee has ended up being the same rate as for charges in US$. I have no concerns with using my Amex card when overseas - naturally using extreme caution in places like Malaysia for obvious reasons.