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Do Visa/MC/Amex Giftcards charge FTF's?

Valued Contributor

Do Visa/MC/Amex Giftcards charge FTF's?

Hi,

So I recently got the Chase Ink Cash Card and did not notice that it charged a FTF (I will definitely be reading every detail of the fine print in the future). So I'm wondering if I can go to a store, purchase a Visa/MC/Amex giftcard to circumvent the Foreign Transaction Fees.
Message 1 of 9
8 REPLIES
Super Contributor

Re: Do Visa/MC/Amex Giftcards charge FTF's?

More likely, if you read the fine print on the gift card, you can't use them outside the U.S.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727 FICO Simulator 2014: $20k balances = 812 FICO.
March 2017 $20k on $300k 6% util EQ 824 TU 824 EX 815

5 / 24 counting down to 1 Nov 2017... wait I guess it's 18 Dec 2017 to get 4/24
Message 2 of 9
Valued Contributor

Re: Do Visa/MC/Amex Giftcards charge FTF's?

Hmm I saw that for Visa GiftCards but not for Amex maybe Amex would be the way to go? Unless there's something I'm missing there.
Message 3 of 9
Super Contributor

Re: Do Visa/MC/Amex Giftcards charge FTF's?

AMEX gift cards also, only in the U.S.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727 FICO Simulator 2014: $20k balances = 812 FICO.
March 2017 $20k on $300k 6% util EQ 824 TU 824 EX 815

5 / 24 counting down to 1 Nov 2017... wait I guess it's 18 Dec 2017 to get 4/24
Message 4 of 9
Valued Contributor

Re: Do Visa/MC/Amex Giftcards charge FTF's?

I don't see that anywhere in the Cardholder Agreement...can you show me please.

Thanks!
Message 5 of 9
Moderator

Re: Do Visa/MC/Amex Giftcards charge FTF's?


Matt4200 wrote:
I don't see that anywhere in the Cardholder Agreement...can you show me please.

Thanks!

From:  https://www.americanexpress.com/us/content/prepaid/gift-cards/american-express-gift-card/cardholder-...

 

The Gift Card is a prepaid payment device that comes with a set dollar value printed on the front of the card. It is not a credit, charge or debit card. It can be used at retailers and other merchants located in the United States, Puerto Rico and the U.S. Virgin Islands that accept the American Express Card, including mail order, online and brick and mortar establishments ("Merchant"). The Gift Card cannot be used at cruise lines, for recurring billing purchases, or at casinos or ATMs. Usage restrictions apply for international airlines.

Message 6 of 9
Valued Contributor

Re: Do Visa/MC/Amex Giftcards charge FTF's?

Thanks UncleB you wouldn't happen to know if MC allows Foreign Transactions? So for no Visa or Amex.
Message 7 of 9
Moderator

Re: Do Visa/MC/Amex Giftcards charge FTF's?


Matt4200 wrote:
Thanks UncleB you wouldn't happen to know if MC allows Foreign Transactions? So for no Visa or Amex.

All the GCs I've come in conctact with have been for U.S. use only. 

 

I have a MasterCard GC backed by U.S. Bank and the terms clearly state that it is only valid for domestic purchases:  https://www.prepaidgiftbalance.com/documents/10270120/10285026/Kroger+Gift+FAQs.pdf/c7afa4c3-0d8f-4c....

 

I don't expect you'll find international-capable gift cards at your run-of-the-mill office supply and grocery stores (although I would love to find out I'm mistaken).

Message 8 of 9
Valued Contributor

Re: Do Visa/MC/Amex Giftcards charge FTF's?

Okay thanks for the info. I just want to be able to use the card but with the FTF being 3-5% it's not worth it at all and that was the primary reason for getting the card was to make overseas purchases.
Message 9 of 9