American Express - Big Time Bozos!!!

I was completely shocked and disgusted today when I discovered that American Express does not exchange their traveler's cheques fee-free anymore.  As of 7 months ago, worldwide I was told, the company changed this policy of exchanging American Express traveller's cheques without charging a fee and often at an excellent rate.  Now they charge a whopping 3% plus 3 euros for exchanging traveler's cheques or cash and to top that off, the exchange rate is not that good.  Only slightly better than the Thomas Cook, although I did not notice what fees were.  Ultimately this means that the best way to get foreign currency is to use your debit card.  You will also pay 3% and there is usually not a charge by the foreign ATM, but their may be an additional charge by your bank, however the exchange rate will be the bulk rate that Visa gets the day the transaction is processed.  Plus using your credit card is usually comes with a 3% fee, so that is better than Amex already.  The ONLY reason to have Amex traveler's cheques is in case you get robbed.  That is their only value now and I must admit, it is easier to just pack plastic!