Big news came out today about the Delta Reserve cards that can change the value proposition for some. One way to save money when you travel oversees is to make sure you carry a credit card that doesn’t charge foreign exchange fees. With an upcoming change to the Delta American Express cards, the foreign transaction fees will be waived.
Change To Delta’s Credit Cards
As of May 1, 2014, the foreign transaction fee is waived for American Express Consumer and Business Delta SkyMiles Credit Cards (Gold, Platinum and Reserve) issued in the U.S. or PRVI. Card Members should start to receive notice of this change in their February statement.
Also happening May 1, EMV chip technology will be available on all American Express Delta Cards. After May 1, interested Card Members can call the number on the back of their Card to request a new Card with chip.
This means that if you have one of the following cards in your wallet that was issued in the U.S. or PRVI you’ll no longer you’ll no longer incur a foreign transaction fee:
If you were considering getting the Platinum Delta SkyMiles® Credit Card from American Express because their fee will increase on May 1st, 2014, this news should just be icing on the cake.
Aren’t there several cards that already offer this, such as most of the Chase cards? I’d imagine that with the popularity of those cards (Southwest, Ink, Sapphire), most people would already have one of those cards, no?
I would rather save the annual fee difference. The SPG card dropping the foreign exchange fee would be more of a differentiator since then it could make sense to use it at intl SPG stays.