The Latest American Express Balance Transfer Offers

Lyle is a writer specializing in credit cards, travel rewards programs, and banking. His work has also appeared on MSN Money, USA Today, and Yahoo! Finance.

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The Amex EveryDay® Credit Card from American Express
Our Bottom Line

One of the few remaining balance-transfer cards that includes a $0 balance transfer fee (for transfers made within 60 days). Add in the premium rewards and welcome bonus, and it's hard to ignore.

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What we Like:
  • Intro balance transfer fee
  • Earn up to 2x points at U.S. supermarkets
  • Earn up to 20% bonus points
Key Scores:
5.0 5 Perks
5.0 5 Fees
4.0 5 APR
Perks 5.0/5
Fees 5.0/5
APR 4.0/5
  • Annual Fee: $0
  • Regular APR: 14.99%-25.99% Variable
  • Intro APR: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months for transfers made within 60 days
Highlights
  • Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
  • $0 balance transfer fee. Balance transfers must be requested within 60 days from account opening.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases.
  • Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • No annual fee.
  • Terms Apply.
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Rates & Fees
Apply Now
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Our Bottom Line

The combination of a long balance transfer offer and unlimited cash back makes this a compelling option for a one-card wallet.

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What we Like:
  • Unlimited 1.5% cash back
  • 0% intro APR offer
  • Welcome bonus
Key Scores:
3.5 5 Perks
5.0 5 Fees
4.0 5 APR
Perks 3.5/5
Fees 5.0/5
APR 4.0/5
  • Annual Fee: $0
  • Regular APR: 14.49%-25.49% Variable
  • Intro APR: Purchases: 0.00%, 15 months Balance Transfers: 0.00%, 15 months
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
Highlights
  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
  • Unlimited 1.5% Cash Back on your purchases.
  • Cash Back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%.
  • 0% introductory plan fee for plans set up during your first 15 months of Card Membership with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • No Annual Fee.
  • Terms Apply.
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Rates & Fees
Apply Now
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On American Express' Secure Website.

Our Bottom Line

If you don't have a big credit budget, this no-annual-fee card is a solid offer to consider, especially for cash back versatility in essential spending categories.

Read Full Review
What we Like:
  • 0% intro APR
  • $150 welcome bonus
  • No annual fee
Key Scores:
4.0 5 Perks
4.0 5 Fees
4.0 5 APR
Perks 4.0/5
Fees 4.0/5
APR 4.0/5
  • Annual Fee: $0
  • Regular APR: 14.49%-25.49% Variable
  • Intro APR: Purchases: 0.00%, 15 months Balance Transfers: 0.00%, 15 months
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
Highlights
  • Earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.
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Rates & Fees
Apply Now
Secure lock icon.

On American Express' Secure Website.

Our Bottom Line

While it includes an admirable 0% intro APR offer, the marquee features are the sky-high cash back rates for U.S. supermarkets, select streaming services, and gas points. Other American Express cards are a better fit if getting out of debt is your priority.

Read Full Review
What we Like:
  • $250 welcome bonus
  • 0% intro APR offer
  • Earn up to 6% cash back
Key Scores:
5.0 5 Perks
1.5 5 Fees
4.0 5 APR
Perks 5.0/5
Fees 1.5/5
APR 4.0/5
  • Annual Fee: $95
  • Regular APR: 14.49%-25.49% Variable
  • Intro APR: Purchases: 0.00%, 12 months Balance Transfers: 0.00%, 12 months
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
Highlights
  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • NEW 6% Cash Back on select U.S. streaming subscriptions.
  • NEW 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%
  • $95 annual fee.
  • Terms Apply.
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Rates & Fees
Amex EveryDay® Preferred Credit Card
Our Bottom Line

The differentiator here is earning 50% bonus points when using the card for purchases at least 30 times each month. Other American Express cards are a better fit if getting out of debt is your priority.

Read Full Review
What we Like:
  • 15,000 points welcome bonus
  • 0% intro APR offer
  • Bonus U.S. supermarket points
Key Scores:
3.5 5 Perks
3.5 5 Fees
3.5 5 APR
Perks 3.5/5
Fees 3.5/5
APR 3.5/5
  • Annual Fee: $95
  • Regular APR: 14.99% - 24.99%, variable
  • Intro APR: Purchases: 0%, 12 months Balance Transfers: 0%, 12 months for transfers made within 60 days
Highlights
  • Earn 15,000 Membership Reward® points after you use your new card to make $1,000 in purchases in your first 3 months.
  • Use your Card 30 or more times on purchases in a billing period and earn 50% more points on those purchases less returns and credits. Terms and limitations apply.
  • 3 points per dollar at US supermarkets on up to $6,000 per year in purchases (then 1 point per dollar after); 2 points per dollar at US gas stations; 1 point per dollar on other purchases. Terms and limitations apply.
  • You can use Membership Rewards® Pay with Points to pay for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking through amextravel.com.
  • 0% introductory APR on purchases and balance transfers for 12 months, then a variable rate, currently 15.24% to 25.24%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
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Rates & Fees

A Complete Guide to American Express Balance Transfers

It’s hard to pull yourself out of credit card debt, in large part due to those high credit card interest rates. That’s where a good balance transfer card can make a difference. Instead of incurring more interest charges month after month, you can get a year or longer with a 0% intro APR.American Express has several cards that offer 0% intro APRs for balance transfers, but you’ll need to know how transfers work with the bank to make sure it goes through correctly. By the end of this American Express balance transfer guide, you’ll understand the entire process and which of the top American Express cards work well for balance transfers.

Why you can trust me

As a self-described credit card nerd, I enjoy helping people learn how to use credit cards in a way that rewards them. Whether it’s collecting rewards on every dollar of spending or scoring a 0% intro APR to finance a balance at no cost, I’m a big proponent of taking advantage of promotional offers that give you real value just for opening an account. Below I’ll show the ins and outs of American Express balance transfers, and how you can save a fortune in interest by using one to pay off debt while minimizing the interest you’ll owe.

Rules for balance transfers with American Express

American Express has its fair share of rules regarding balance transfers.

Qualifying for the intro APR:

  • You must complete any balance transfers within 60 days of getting your American Express card, so you should do them as soon as possible to avoid missing the cutoff.
  • American Express will look at your credit when deciding whether to approve you for the credit card and the balance transfer itself. A good credit score, which means a 670 or higher, improves your chances of success considerably.

Types of debt you can transfer:

  • American Express only allows you to transfer credit card balances and not any other types of debt.
  • You can’t transfer balances from accounts with American Express or any of its affiliates.

Balance transfer fees:

  • The balance transfer fee depends on the card you have and will be listed in the terms and conditions.
  • The most common fee amount is $5 or 3% of the transfer amount, whichever is greater.

Transfer limits:

  • The minimum transfer amount is $100.
  • The maximum transfer amount is $7,500 or 75% of the credit limit on your card, whichever is smaller.
  • If you have an existing balance on your credit card, you can’t transfer a balance that would cause you to exceed your credit limit. For example, if you have a $5,000 credit limit and a $2,500 balance, your transfer amount and any balance transfer fee could be up to $2,500.

Rewards:

  • Balance transfers aren’t eligible for rewards.
  • If your card has a sign-up bonus, balance transfers won’t count towards the spending minimum.

How to do a balance transfer with American Express

Card companies want you to transfer balances to them, so they offer many ways to do it. Here are the two easiest ways to move a balance to your American Express card:

  1. Online -- Log into your online American Express account to start the transfer process. Once you’ve logged in, click “Account Services,” and then click “Transfer Balances.” American Express will show you any balance transfer offers you qualify for and the limit for the offer. From there, moving a balance is as simple as inputting the information (account number, amount, and so on) for the account you’re moving a balance transfer from, and clicking to request the transfer.
  2. By phone -- Call the number on the back of your American Express card to speak to a customer representative over the phone to do a balance transfer. You’ll need to provide basic information about the account you’re transferring a balance from, so be sure you have both credit cards (your American Express card and your other credit card) handy.

The method doesn’t matter much. I prefer doing anything financial online, where I can take the time to examine the numbers and the fine print at my own pace. It’s not uncommon for a card to have more than one balance transfer offer, the details of which can be easier to understand when you can study them on your own rather than having them read out to you over the phone.

But whether you do the transfer online or by phone is ultimately just personal preference. I’m not aware of any card issuers that provide different offers based on whether you call or request a transfer online, so there isn’t any major advantage or disadvantage to either solution.

How long does a balance transfer take with American Express?

American Express specifically states on its website that a balance transfer “usually takes 5 to 7 days for the transfer to be completed,” though “it may take up to 6 weeks.” From data points found online, most balance transfers are completed within five to seven days. Only in an extraordinary case would it take up to six weeks to complete.

Remember, though, that a balance transfer involves two credit card accounts, so it’s important to watch both accounts to ensure the transfer goes through. For example, you might initiate a transfer with American Express on Feb. 15, but your other bank might not give you credit until several days later.

For this reason, it’s imperative that you pay close attention to your due dates when completing a balance transfer. If the transfer is not completed before your next due date on the account you’re transferring a balance from, you may need to make a payment on your balance to avoid being charged late fees and penalty interest.

Even if your balance transfer goes through before your next payment is due, zeroing out your balance, we recommend checking your statements for at least two billing cycles after the transfer to ensure that there are no lingering interest or other finance charges that pop up. It would be unfortunate to end up having to pay a $25 late payment fee, or worse, ending up with a bad mark on your credit report, just because you didn’t make a payment for $10 of interest that appeared after the balance was transferred.

How is a balance transfer limit determined?

Your balance transfer limit is determined based on three different factors. First and foremost, your credit limit is an important factor on how much you can transfer to your account. If you have a card with a $6,000 credit limit, and you already have a $3,500 balance on it, you wouldn’t be able to transfer any more than $2,500, since moving any more than that would result in a balance greater than your credit limit of $6,000.

Your credit limit is determined based on information you provide on the application, as well as information obtained from pulling your credit report when you applied for the card. Based on your monthly income, amounts you pay for rent or a mortgage, and payments on other loans (student loans, other credit cards, car loans) gleaned from your credit report, a credit card company determines how much it believes it can safely lend you. That’s your credit limit.

When it comes to American Express, though, your balance transfer limits are not necessarily tied to your credit limit. American Express generally limits transfers to $7,500, 75% of your American Express credit limit, or your available credit limit (total credit limit minus any outstanding balances), whichever is less.

To simplify, there are three limits for how much you can transfer to an American Express card:

  1. The absolute maximum balance transfer of $7,500.
  2. Your current credit limit minus any existing balances (your available credit).
  3. Your current credit limit multiplied by 0.75.

The smallest of these three numbers is how much you can transfer to your American Express card. Keep in mind that any fees you pay to transfer a balance may be included. So, if you have an offer that carries a 3% balance transfer fee to move a balance, and you have up to $6,000 available to you for balance transfers, then you could only transfer up to $5,820 to the card because the 3% fee would cost you $180.

Cardholders with good credit scores may be able to get a bigger balance transfer by applying for a card known to offer a high credit limit.

Can you transfer an American Express balance to another American Express credit card?

Balance transfer offers are promotions designed to get you to move a balance from one card company to another. No credit card issuers allow you to move a balance from one of their cards to another one of their credit cards to take advantage of an introductory interest rate offer.

This isn’t limited to just credit cards or just American Express. Whether it’s a credit card, car loan, or mortgage, very few, if any, lenders will ever lend you money at a lower interest rate so that you can use the money to pay off another loan they gave you a higher interest rate.

Keep in mind that if you use a 0% intro APR balance transfer to move a balance, pay it off during the 0% intro period, and never use the card again, the card company will lose money by having you as a customer. That’s because the card company must pay to borrow the money to lend you, so they might pay 1%-3% to their depositors to secure the cash to lend to you at 0% during the promotional period.

Card issuers hope that you’ll continue to use the card after the balance transfer offer or carry a balance beyond the 0% intro offer. You don’t have to be an interest-paying customer to be a profitable customer since the card issuer collects a small fee from retailers on every purchase you make with the card. Arguably, a card issuer’s best customers are people who spend a lot of money every month and always pay their bills in full and on time.

Lending money to anyone is risky. Doing it without getting any kind of compensation is especially risky. If you want to pay off a high-interest balance you have on an American Express card, you’ll have to do it by opening a 0% balance transfer card with another issuer. That shouldn’t be a problem, though, since there are so many good 0% APR balance transfer offers out there.

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To recap, here are the latest American Express balance transfer offers

Here Are The Ascent's Picks for Top Balance Transfer American Express Credit Cards:
Card Balance transfer offer Great For…
The Amex EveryDay® Credit Card from American Express Graphic of The Amex EveryDay® Credit Card from American Express Balance transfer offer:

$0 balance transfer fee

Great For:

Intro balance transfer fee

American Express Cash Magnet® Card Graphic of American Express Cash Magnet® Card Balance transfer offer:

15 months

Great For:

Balance transfers and unlimited cash back

Blue Cash Everyday® Card from American Express Graphic of Blue Cash Everyday® Card from American Express Balance transfer offer:

15 months

Great For:

Balance transfers and U.S. supermarkets cash back

Blue Cash Preferred® Card from American Express Graphic of Blue Cash Preferred® Card from American Express Balance transfer offer:

12 months

Great For:

Balance transfers and U.S. supermarkets cash back

Amex EveryDay® Preferred Credit Card Graphic of Amex EveryDay® Preferred Credit Card Balance transfer offer:

12 months

Great For:

Balance transfers and U.S. supermarkets points

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