BoA Accelerated Amex - No Foreign Exchange Fee

[Anonymous]

This has me even more confused. There still saying that there is no fee whatsoever.

BOA: Thank you for choosing Card Chat Services. How may I help you with your personal credit card today?  

You: Hello, I would like to know what the foreign exchange fee for my card is.

BOA: Hello, Tanner.

BOA: I will check the information for you.

BOA: May I please have the last four digits of your credit card?

You: Edited

BOA: Thank you.

BOA: Could you please verify your date of birth and last four digits of SSN?

You: Edited

BOA: Thank you for verifying the information.

BOA: Please allow me sometime while I access your account.

BOA: I appreciate your patience, Tanner.

You: Sure. Ive been told that theres no fee, a 1% Amex commission, and a 3% fee so im just wanting to be sure.

BOA: After reviewing your account details,  I see that there is no foreign transaction fee for your credit card account.

You: But doesnt Amex charge a 1% commission as found here? https://www.bankofamerica.com/credit-cards/tncview.action?cid=2054708&aolnEnv=disclosures.bankofamer...

BOA: I completely understand that.

BOA: Tanner, earlier your credit card had foreign transaction fee 3% of the transaction amount. However, it has been changed since 12/11/2010.

BOA: Now there is no Annual fee for your credit card account.

You: But since I would be buying things in pounds wouldnt I be hit with the 1% foreign transaction fee? I know the annual fee is free. Im only concerned about the foreign transfer fee.

BOA: Not at all.

You: So I wouldnt be charged the American Express commission of 1% for charging in England?

BOA: Yes, you are correct. You will not be charged foreign transaction fee.

You: Ok great, so I wont be charged any type of fee then correct?

BOA: Yes, that's correct.  

You: Thank You.

[Walt_K]

Good luck.  Unfortunately, I still think the above is evidence of the incompetence of some CSRs as opposed to evidence that they aren't going to levy that 1% commission when converting the currency.  Perhaps I'm too cynical, but I wouldn't trust it until I saw a change to the T&C.

Do you have a Cap One card or some other card that more clearly states they don't charge foreign transaction fees of any kind?  I would do this.  If I were going to be overseas for a while, I'd charge one small purchase to my BofA Amex, then use my other card while I was waiting on the transaction to post so I could see how they treated it.   

[bakalao2k]

Someone needs to cross the border into Canada and make a purchase.  See if AMEX charges a fee.  :-)

[hedgeclipper2]

I want this card so bad!!!! (the cash version)