From foreign currency and travellers cheques to prepaid cards, American Express has travel money options to suit a wide range of needs.
American Express has a number of different travel money options designed to make it easier and more affordable to access funds when you’re travelling overseas or shopping online.
So whether you have been thinking about travel money cards, travellers cheques, foreign cash or even travel insurance, here you can find out more about American Express options you can use all around the world.
American Express credit cards for travel
You can use most American Express credit cards when you go overseas.
This gives you the option of earning rewards for your spending overseas, and also offers more flexibility with repayments. Some American Express credit cards also come with travel benefits, such as complimentary insurance and airport lounge access.
But keep in mind that using a credit card overseas could attract the following fees:
- Currency conversion fee. A fee of 3% of the total transaction will apply when you use an Australian-issued American Express card in a currency other than Australian dollars.
- Cash advance fee. If you use an American Express credit card to withdraw cash overseas, you will be charged the greater of $2.50 or 2% of the total transaction.
- Interest charges. Interest charges will apply if you carry a balance on your card while travelling. Always check the standard purchase rate and cash advance rate on your credit card before you travel so you can decide whether or not it is an affordable payment option when you’re overseas.
Depending on the credit card, there may be other fees that apply in certain circumstances when you are overseas. It’s a good idea to check with your credit card issuer before you go and to let them know your travel plans so that they can keep your account secure while you’re away.
Travellers cheques are available in a wide range of currencies and can be used for payments or exchanged for cash in many places around the world. American Express is the leading issuer of traveller’s cheques in Australia, and offers them in the following currencies:
- Canadian dollars
- Great British Pounds
- Japanese Yen
- US Dollars
You can choose the value of your travellers cheques, which also come with individual serial numbers that makes it easier to verify and keep track of your travel money. American Express will also replace or reimburse travellers cheques if they are lost or stolen, making them a more secure option than cash in many cases.
American Express sells fee-free travellers cheques online, which can then be collected from any American Express Currency Exchange store or participating Australia Post outlet. You can also buy travellers cheques through major banks including ANZ, CommBank and Westpac, although other fees and charges may apply.
It’s often a good idea to have foreign cash on hand when you arrive in a country so you can pay for things like meals or taxis without worrying if they accept cards or travellers cheques.
American Express has over 60 foreign currencies available for purchase online or at any American Express Currency Exchange Store in Australia. Like traveller’s cheques, any money you buy online can also be picked up at an American Express store or a participating Australia Post outlet, usually within two days of the purchase.
Keep in mind that exchange rates for foreign currencies can vary from day to day and may even be different depending on if you buy cash online or from a store, so it’s important to make sure you have up-to-date details before finalising your purchase.
Redeem your American Express Membership Rewards points for travel money
If you have an American Express credit card with American Express Membership Rewards, you can also redeem your points for foreign cash or travellers cheques.
This service is available exclusively at American Express Currency Exchange stores, with 12,000 Membership Rewards points equalling AUD$100 worth of foreign currency or travellers cheques.
You can also redeem your American Express Membership Rewards points for credit on your American Express credit card at the following rates:
|Points required||Credit on your card|
American Express also has a wide range of travel insurance options to give you peace of mind whenever you go overseas. You can choose from coverage for specific things such as vehicle rental or winter sports, as well as comprehensive options for you, your partner or your whole family.Back to top