[woobar]

Interesting. Europe has stricter regulations that cap interchange. As a result not a lot of rewards cards and less competition in that space. In US no caps, but much more players in the rewards cards space. I've checked recent foreign transactions and it looks like both of popular travel cards make some money on exchange rates, but not as much as in France.

Amex Plat did not charge foreign fee, but exchange rate is 1% less favorable according xe.com

Chase Sapphire Reserve also no fees, exchange rate is 0.3% different from xe.com

[sofixa]

> I've checked recent foreign transactions and it looks like both of popular travel cards make some money on exchange rates, but not as much as in France

Don't get me wrong, there are tons of options for cheap or downright free foreign exchange transactions (such as Revolut, N26, Fortuneo, BoursoBank just in France). It's Amex in particular that are borderline scamming their French customers on foreign transactions.

[woobar]

Never heard about others but Revolut is not a great example. 1% exchange fee plus another 0.3% on exchange rate. I agree that Amex is scamming their european customers. But my point was that they don't do it in US despite the lack of regulations. Same Amex is nicer to their american customers than Revolut to europeans. And one of Revolut's main selling points is their great exchange rates.

https://www.revolut.com/currency-converter/