Unlock financial freedom with the Best Amex Balance Transfer Credit Cards! Slash interest rates, consolidate debt, and save big. Your path to financial ease starts here.
Transferring a credit card balance to a card with a 0% introductory APR offer can save you hundreds or even thousands of dollars in interest charges. American Express offers some of the longest 0% intro APR periods on balance transfers - up to 15 months on some cards!
An Expert Look at the Top 5 Amex Balance Transfer Cards
1. Amex EveryDay Credit Card
The Amex Balance Transfer EveryDay Card offers a 0% intro APR for 15 months on balance transfers (then a 14.49% - 25.49% variable APR). This intro period gives you over a year to pay off your transferred debt without incurring any interest charges.
Some other key details about balance transfers with the Amex EveryDay Card:
- No balance transfer fee
- Can transfer balances from cards issued by other banks
- No caps on the amount you can transfer
With no balance transfer fees, the Amex EveryDay Card allows you to transfer higher balances more cost effectively. Just remember transfers must be completed within 60 days to qualify for the 0% intro APR.
This card also earns useful rewards - you get 2x points at U.S. supermarkets (on up to $6,000 per year in purchases) and 1x points on other purchases. If you use your card 20+ times per billing period, you earn a 20% points bonus.
The Amex EveryDay Card does carry a $0 intro annual fee for the first year, then $95 after that.
2. Blue Cash Everyday Card from American Express
Similar to the regular EveryDay Card, the Amex Balance Transfer Blue Cash EveryDay Card provides a 0% intro APR for 15 months on balance transfers completed within 60 days of account opening (then a 14.49% - 25.49% variable APR).
It also has no balance transfer fees and no caps on transfer amounts. This gives you maximum flexibility to consolidate higher balances from multiple credit cards onto the Blue Cash Everyday at 0% interest.
Cash back rewards on the Blue Cash Everyday Card are tailored specifically to everyday spending categories:
- 3% cash back at U.S. supermarkets (on up to $6,000 per year)
- 2% cash back at U.S. gas stations and select U.S. department stores
- 1% cash back on other purchases
There's a $0 intro annual fee for the first year, then $95 after that.
3. Blue Cash Preferred Card from American Express
The Amex Balance Transfer Blue Cash Preferred Card provides a very generous 0% intro APR for 12 months on balance transfers made within 60 days of account opening. It then switches to a 14.99% - 24.99% variable APR.
It does have a 3% balance transfer fee (minimum $5), so smaller balance transfers may be more cost effective with the regular Blue Cash Everyday Card. But the Blue Cash Preferred still gives you ample time at a full 0% APR to pay off debt.
This card is rewarding for everyday purchases too. You earn:
- 6% cash back at U.S. supermarkets (on up to $6,000 per year)
- 6% cash back on select U.S. streaming services
- 3% cash back at U.S. gas stations and transit
- 1% cash back on other eligible purchases
There's a $0 intro annual fee for the first year, then $95 after that.
4. Amex EveryDay Preferred Credit Card
While not marketed specifically as a balance transfer card, the Amex EveryDay Preferred Card provides a 0% intro APR period for transfers - 12 months This gives you nearly two years to pay off your credit card debt without incurring interest.
Just remember balance transfers must be completed within 60 days of account opening to get the 0% APR.
Beyond balance transfers, the multi-category bonuses on the Amex EveryDay® Preferred Card make it very rewarding for dining, groceries, and other everyday purchases:
- 3X points at U.S. supermarkets (on first $6,000 per year)
- 2X points at U.S. gas stations
- 2X points on eligible travel purchases
- 1X point per dollar on other eligible purchases
There is a $99 annual fee.
5. Amex Cash Magnet Card
Although not an Amex balance transfer card, the Cash Magnet® Card can still be a great option for cardholders looking to transfer a balance.
It provides an intro 0% APR for 15 months on balance transfers completed within 15 months of account opening.
The Cash Magnet Card charges no balance transfer fees. So it's ideal for transferring any size balance.
Its name says it all - with the Amex Cash Magnet Card you earn unlimited 1.5% cash back on all purchases. This makes it a simple, yet lucrative card for everyday spending.
The Cash Magnet card does not have an annual fee.
Click here for latest american express/amex balance transfer offers
Here is a comparison table of the Amex balance transfer cards:
| Amex Balance Transfer Card | 0% Intro APR | Intro Period Length | Balance Transfer Fee | Rewards | Annual Fee |
|---|---|---|---|---|---|
| Amex EveryDay® Credit Card | 0% | 15 months | $0 | 2X points at U.S. supermarkets | $0 then $95 |
| Blue Cash Everyday® Card | 0% | 15 months | $0 | 3% cash back at U.S. supermarkets | $0 then $95 |
| Blue Cash Preferred® Card | 0% | 12 months | 3% | 6% cash back at U.S. supermarkets | $0 then $95 |
| Amex EveryDay® Preferred Credit Card | 0% | 12 months | 3% | 2X-3X points at supermarkets | $95 |
| Cash Magnet® Card | 0% | 15 months | $0 | 1.5% cash back | $0 |
How Did We Pick the Best Amex Balance Transfer Cards?
In choosing the top Amex balance transfer credit cards, we analyzed offers across a range of criteria important to consumers wanting to save money on interest payments, including:
- Length of 0% Intro APR - Cards with at least 15+ months give you over a year interest-free to pay down balances
- Balance Transfer Fees - Preferably low-to-no balance transfer fees allow transferring higher sums cost effectively
- High Credit Limits - Enables consolidating larger balances under the 0% intro APR umbrella
- Reward Rates - Ideally cards also earn rewards on new purchases for added value
Balancing all these parameters, cards like the Amex Gold and Blue Cash Preferred stand out for offering 18+ month 0% terms - as a free 20 month loan, that's an unbeatable opportunity to repay credit card balances or finance a large purchase.
Meanwhile, no-fee cards like the Amex EveryDay and Blue Cash Everyday allow transferring balances of any amount with zero transfer charges.
For consumers loyal to American Express, but also willing to consider other issuers, the Citi Double Cash lengthens the intro 0% term to 18 months.
In short, Amex offers industry-leading balance transfer offers flexible enough to accommodate a wide range of financial needs and situations.
Which Amex Balance Transfer Card Is Right For You?
With top cards offering intro 0% interest rates from 15 up to 21 months, deciding can be tricky.
Here are a few key questions to ask yourself to choose the best Amex balance transfer card for your needs:
How Long Will It Take You to Repay Your Balance?
The cards with the longest 0% intro periods give you the most time cushion.
- Need up to 21 months? Go for the Amex Gold Card
- Prefer at least 18 months 0% APR? Consider the Amex Blue Cash Preferred.
- Can repay balances within 15 months? Choose the Amex EveryDay or Blue Cash Everyday
Matching the length of the intro period to your repayment timeline ensures you won't get stuck paying interest if unable to fully pay off transferred balances within the 0% term window.
What’s the Size of Your Balance Transfer?
If you need to transfer a very large balance or combine debt from multiple credit cards, no-fee cards eliminate caps on transfer amounts.
For medium-to-higher balance transfers, cards charging 3% transfer fees (Citi Double Cash, Amex Gold and Blue Cash Preferred) offer the best value.
Just try to avoid cards like the Blue Cash Preferred for smaller balance transfers, as the $5 minimum transfer fee eats significantly into your savings.
Options other than Amex Balance Transfer Cards
American Express Gold Card
While not marketed specifically as a balance transfer card, the Amex Gold Card provides an exceptionally long 0% intro APR period for transfers - 21 months! This gives you nearly two years to pay off your credit card debt without incurring interest.
Just remember balance transfers must be completed within 60 days of account opening to get the 0% APR. And this card does charge a balance transfer fee of 5% (minimum $5).
The up to 21 month 0% term makes the Amex Gold Card a uniquely flexible option though for consolidating higher balances. Especially since there is no preset limit on the amount you can transfer.
Beyond balance transfers, the multi-category bonuses on the Amex Gold Card make it very rewarding for dining, groceries, flights booked directly with airlines, and other everyday purchases:
- 4X Membership Rewards points at restaurants worldwide
- 4X points at U.S. supermarkets (on up to $25,000 in purchases per year)
- 3X points on flights booked directly with airlines
- 1X point per dollar on other eligible purchases
There is a $250 annual fee, but it does come with up to $120 in annual dining and Uber credits to offset part of the cost.
The Complete Amex Gold Card Guide 2024: Benefits, Rewards and Is It Worth The Fee?
Citi Double Cash Card
Although not an Amex card, the Citi Double Cash can still be a great option for Amex cardholders looking to transfer a balance.
It provides an intro 0% APR for 18 months on balance transfers completed within 4 months of account opening. After the intro period, it switches to a 16.24%-26.24% variable rate.
The Citi Double Cash card charges a 3% balance transfer fee (minimum $5). So it's ideal for transferring medium-to-higher balances.
Its name says it all - with the Citi Double Cash you earn 2% cash back on all purchases, 1% when you buy and 1% when you pay your credit card bill. This makes it a simple, yet lucrative card for everyday spending.
The Double Cash card does not have an annual fee.
Do You Want Rewards Too?
While wiping out credit card debt with a 0% APR balance transfer offer should be the priority, some cards also let you earn rewards on new purchases for additional savings:
- Amex Gold Card - Great for foodies who dine out and grocery shop frequently
- Blue Cash Preferred - 6% cash back at U.S. supermarkets appeals to big grocery spenders
- Citi Double Cash - Unlimited 2% back makes it beneficial for all types of everyday expenses
Choose a balance transfer card with a rewards program closely aligned to your spending habits for maximum return.
How Did We Pick the Best Amex Balance Transfer Cards?
In choosing the top Amex balance transfer credit cards, we analyzed offers across a range of criteria important to consumers wanting to save money on interest payments, including:
- Length of 0% Intro APR - Cards with at least 15+ months give you over a year interest-free to pay down balances
- Balance Transfer Fees - Preferably low-to-no balance transfer fees allow transferring higher sums cost effectively
- High Credit Limits - Enables consolidating larger balances under the 0% intro APR umbrella
- Reward Rates - Ideally cards also earn rewards on new purchases for added value
Balancing all these parameters, cards like the Amex Gold and Blue Cash Preferred stand out for offering 18+ month 0% terms - as a free 20 month loan, that's an unbeatable opportunity to repay credit card balances or finance a large purchase.
Meanwhile, no-fee cards like the Amex EveryDay and Blue Cash Everyday allow transferring balances of any amount with zero transfer charges.
For consumers loyal to American Express, but also willing to consider other issuers, the Citi Double Cash lengthens the intro 0% term to 18 months.
In short, Amex offers industry-leading balance transfer offers flexible enough to accommodate a wide range of financial needs and situations.
Master Your Finances in 2024: Top Balance Transfer Credit Cards
Get the Most From Your Amex Balance Transfer
Whichever balance transfer card you select, be sure to take full advantage of the 0% intro APR period:
- Transfer balances ASAP - Do it within 60 days of approval to get the intro rate
- Make payments on time - Set up autopay if needed to avoid missed payments and penalties
- Pay down principal - Put extra funds towards reducing your actual balance, not just the monthly payment
- Limit spending - Use the card only sparingly for new purchases to focus on paying off transferred debt
Stick to smart habits like these and a strategic balance transfer at 0% interest sets you on the fast track to becoming credit card debt free!
Best Amex Balance Transfer Cards at a Glance
| Card | 0% Intro APR | Intro Period Length | Balance Transfer Fee | Rewards | Annual Fee |
|---|---|---|---|---|---|
| Amex EveryDay® Credit Card | 0% | 15 months | $0 | 2X points at U.S. supermarkets | $0 then $95 |
| Blue Cash Everyday® Card | 0% | 15 months | $0 | 3% cash back at U.S. supermarkets | $0 then $95 |
| Blue Cash Preferred® Card | 0% | 18 months | 3% | 6% cash back at U.S. supermarkets | $0 then $95 |
| Amex Gold Card | 0% | 21 months | 5% | 4X points at U.S. supermarkets & dining | $250 |
| Citi Double Cash Card | 0% | 18 months | 3% | 2% unlimited cash back | $0 |
The Takeaway
An Amex balance transfer credit card can save you hundreds in interest charges through cards like the Amex Gold offering 0% intro APRs for up to 21 months! Match a card to your payoff timeline and balance transfer amount for the optimal interest- and fee-saving experience.
FAQs about Amex Balance Transfer Cards :
Do AmEx do balance transfers?
Yes, American Express does allow balance transfers from non-Amex credit cards onto select Amex cards
Can you transfer an AmEx balance to another credit card?
No, you can only transfer balances from other banks onto an eligible Amex card, not transfer an Amex balance onto a non-Amex card .
What is the transfer limit for American Express credit card?
American Express does not disclose a specific balance transfer limit, but will approve transfers based on your available credit at their discretion.
What is American Express balance transfer fee?
American Express charges a balance transfer fee ranging from 0%-5% depending on the card, with most charging 3%-5%
Why is my balance transfer being declined?
Balance transfers with Amex may be declined if you don't have enough available credit, have a poor credit score, or are not transferring from an outside bank .
Why am I not getting balance transfer offers anymore?
If your credit score has dropped or you now carry high balances on your Amex cards, you may not qualify for additional balance transfer offers .
Can I transfer from AmEx to AmEx?
Yes, you can transfer balances from one American Express card to another. Log in to your online account, navigate to "Account Services," and follow the instructions to request a balance transfer
Can you transfer balance from one AmEx to another?
Absolutely. When opening a new American Express account, you can request a balance transfer simultaneously. Alternatively, log in to your existing account, go to "Account Services," and choose the "payment and credit options" to initiate the transfer.
Can I use my AmEx to pay another credit card?
Unfortunately, direct credit card payments using American Express are not allowed. However, you can use the balance transfer option to move funds from your AmEx to pay off another credit card
How long does it take for AmEx balance transfer?
Amex balance transfers can take up to 14 days to process after initiated .The time for an American Express balance transfer can vary. It's advisable to check with American Express directly for the most accurate information on processing times.
Can you merge two Amex accounts?
American Express does not offer a straightforward account merging option. However, you can consolidate credit limits by contacting customer service.
Can I combine points from two Amex cards?
While points consolidation is not a standard feature, you may transfer Membership Rewards points between eligible AmEx accounts. Check the specific terms and conditions for your cards.
Which Amex cards allow transfer partners?
Cards like the American Express Platinum and Gold cards typically allow transfers to airline and hotel partners. Check the terms of your specific card for eligibility.
How To Do A Balance Transfer With American Express Balance transfer card?
To transfer a balance, log in to your American Express account, go to the Account Services page, and follow the prompts. You can also call 1-800-528-4800 for assistance
🌐 Sources
[1] amex.com - Blue Cash Everyday®
[2] nerdwallet.com - American Express Blue Cash Preferred Review
[3] upgradedpoints.com - Amex Blue Cash Preferred Card vs. Amex Cash Magnet Card
[4] cnn.com - Amex Blue Cash Preferred vs. Blue Cash Everyday 2023
[5] forbes.com - Blue Cash Preferred® Card from American Express
[6] usatoday.com - Amex Blue Cash Preferred credit card 2023 review