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American Express balance transfer credit cards

Find the right card to help pay down your debt.

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An American Express balance transfer card could help ease your financial burden if you have high-interest credit card debt. If you consolidate existing debt to a balance transfer card with a 0% interest introductory period, you could potentially avoid interest altogether by paying off your debt during that period.

Before you apply for an Amex card, however, weigh the benefits against the fees to see if it’s the right balance transfer card for you.

Compare American Express balance transfer credit cards

%
Name Product Amount saved Balance transfer APR Balance transfer fee Recommended minimum credit score Filter values
Blue Cash Everyday® Card from American Express
0% intro for the first 15 months (then 12.99% to 23.99% variable)
$5 or 3% of the transaction, whichever is greater
670
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
American Express Cash Magnet® Card
0% intro for the first 15 months (then 12.99% to 23.99% variable)
$5 or 3% of the transaction, whichever is greater
680
Unlimited 1.5% cash back. Rates & fees
Blue Cash Preferred® Card from American Express
0% intro for the first 12 months (then 12.99% to 23.99% variable)
$5 or 3% of the transaction, whichever is greater
670
6% cash back at US supermarkets. Rates & fees
CardMatch™ from creditcards.com
See issuer's website
300
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
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What are the options for American Express balance transfer offers?

Here are two of Amex’s balance transfer credit cards to compare — the Amex EveryDay® Credit Card and the Blue Cash Everyday® Card from American Express cards. Each offer great incentives and perks that benefit someone who uses their card daily.

When choosing an Amex card for balance transfers, compare a variety of features including annual fees, length of intro APRs, welcome offers, rewards and balance transfer fees. The Amex EveryDay® Credit Card and the Blue Cash Everyday® Card from American Express are both worth considering.

Amex EveryDay® Credit Card

Amex EveryDay® Credit Card

Please note: All information about Amex EveryDay® Credit Card has been collected independently by Finder and this card is not available through this site.
  • No annual fee
  • 0% intro APR for balance transfers for the first 15 months (then 12.99% to 23.99% variable APR) and no balance transfer fees
  • 15,000 membership reward points when you spend $1,500 on your card in the first 3 months

It’s unusual to have a 0% introductory APR, no annual fee and a great reward point incentive all rolled into one package. Rewards points can be used towards gift cards, travel, merchandise, checkout points-of-purchase and towards your credit card statement. US Supermarket purchases with the Amex EveryDay® Credit Card can earn accelerated points. When you think of how often and how much you spend at the grocery store, those points could really add up.

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

  • A welcome offer of $150 in statement credit if you spend at least $1,000 during the first 3 months.
  • 0% introductory APR for balance transfers and purchases for the first 15 months, and then 12.99% to 23.99% variable APR (see rates & fees).
  • No annual fee.

It’s not often a balance transfer card offers a 0% introductory rate for transfers and purchases. The Blue Cash Everyday® Card from American Express does so for a full 15 months. You can earn 3% cash back for US supermarket purchases on up to $6,000 a year (then 1%), 2% cash back for items purchased at US gas stations and some US department stores and 1% cash back on other eligible purchases.

American Express balance transfer offers compared

CardBalance transfer offerBalance transfer feeAnnual feeWhy you should get it
Amex EveryDay® Credit Card0% intro APR for 15 months , then 12.99% to 23.99% variable$0$0Balance transfer fee promotion and grocery rewards
Blue Cash Everyday® Card from American Express0% intro APR for 15 months , then 12.99% to 23.99% variable$5 or 3% of each transfer, whichever is greater$0Good cash back on groceries and gas — with no annual fee
American Express Cash Magnet® Card0% intro APR for 15 months , then 12.99% to 23.99% variable$5 or 3% of each transfer, whichever is greater$0Simple, flat-rate cash back on every purchase
Blue Cash Preferred® Card from American Express0% intro APR for the first 12 months , then 12.99% to 23.99% variable$5 or 3% of each transfer, whichever is greater$95Marketing-leading cash back on groceries
Amex EveryDay® Preferred Credit Card0% intro APR for 12 months , then 12.99% to 22.99% variable$5 or 3% of each transfer, whichever is greater$95Good rewards on groceries and gas

How to do a balance transfer with American Express

Use these steps to compare and choose a balance transfer card from Amex:

  1. Choose an Amex balance transfer card.
    Compare the available offers and choose both the offer and the Amex credit card that best fits your balance transfer needs and spending style.
  2. Apply for the card online.
    The application should take just a few minutes. Click Apply now and start completing the fields with your details.
  3. Fill out your balance transfer details.
    Have the account number of your existing card ready and the balance amount you want to transfer.
  4. Wait for approval.
    You may receive a decision within a minute of applying. If additional information is required, you may have to wait several business days for manual approval.
  5. Continue paying off your old account.
    Amex won’t initiate your transfer until at least 10 days after it has given you access to a cardmember agreement. Furthermore, an Amex balance transfer typically takes five to seven days to complete. In the meantime, continue paying your old account as it comes due to avoid late fees.

How to do a balance transfer with American Express online after you’ve been approved for an account

You can request a balance transfer up until 60 days after account opening. Here’s how to do so:

  1. Log in to your online Amex account.
  2. Navigate to the Account services tab.
  3. On the left navigation bar, click Payment & credit options.
  4. Click Transfer balances.
  5. Enter your balance transfer details, including the card number of the account that currently holds your debt and the amount you wish to transfer.
  6. Review your information and submit your transfer request.
  7. Wait for your balance transfer to complete. In the meantime, keep making payments to the issuer who currently carries your debt.

How to do a balance transfer with American Express online after you’ve been approved for an account

  1. Call 1-800-528-4800 to speak with a Customer Care Professional.
  2. Tell the representative you want to make a balance transfer.
  3. If a transfer is allowed, give the representative necessary information such as the card number of your previous issuer and the amount you wish to transfer.
  4. Confirm with the representative that your balance transfer has been initiated.
  5. Wait for your balance transfer to complete. In the meantime, keep making payments to the issuer who currently carries your debt.

What are the benefits of a balance transfer with American Express?

Here’s why you might want to consolidate debt from multiple cards onto an Amex card:

  • Get rewarded.
    American Express offers a variety of rewards structures that can earn you money back on your everyday purchases. Rewards can be redeemed for statement credit, gift cards, merchandise and more.
  • Intro APRs for balance transfers and purchases.
    Not every provider offers both, and Amex takes it a step further by offering 15-month intro periods for some of its cards — higher than the 6 or 12 months you’ll find with some competitors that offer both.
  • Travel and purchase benefits.
    Enjoy a host of benefits that vary among cards. Some of the features available include global assistance, purchase protection and fee-based payment plans to reduce interest costs.

What are the drawbacks of a balance transfer with American Express?

An Amex balance transfer card might not be the best product for you, depending on your transfer size and how long you need to pay off your debt.

  • Balance transfer limits.
    You must transfer a minimum of $100, and must not exceed your approved credit limit. All balance transfers must also be requested within 60 days of your account opening.
  • Revert rates.
    Depending on your creditworthiness when you apply, your standard purchase APR could be quite high — up to 26.24%. Pay off the balance transfer before interest kicks in to avoid taking longer to get rid of your debt.
  • Balance transfer fees.
    Not every Amex card comes free of balance transfer fees. A typical balance transfer fee for one of its cards is $5 or 3% of the transaction, whichever is greater.

Consider a balance transfer card from another brand

Citi Simplicity® Card

  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
  • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges
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What debts are eligible for a balance transfer with American Express?

Before applying for an Amex card, check that your debt is eligible.

Debts you can transfer to an American Express card

  • Other credit card balances
  • Qualifying loans, such as those for vehicles, furniture, appliances or anything else you pay monthly
  • Only balances from accounts in your name

Debts you can’t transfer to an American Express card

  • Card accounts that are overdue or over their
    credit limits
  • Non-credit card accounts including debit cards, overdrafts, savings and personal loans
  • Credit issued in foreign currencies

Can I transfer balances from one American Express credit card to another?

No. American Express will not allow transfers from any card issued by the company or its affiliates. Most credit card companies don’t allow internal transfers.

In its credit card disclosures, American Express explicitly bars balance transfers from accounts issued by it and its affiliates.

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      Bottom Line

      The best part of a balance transfer card is getting your debt in one place and simplifying payments. Each American Express balance transfer card has its own rewards and advantages, so consider the debts you’d like to transfer and choose a card that can best accommodate the amount and type of debt you want to transfer.

      For a look at other providers, use our guide to compare additional balance transfer cards and get an idea of other available offers that may suit your needs.

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