Benny Joseph, WalletHub Analyst
@Benjy_1
The Amazon Credit Card balance transfer APR can be anywhere between 18.99% - 27.74% (V), depending on your creditworthiness. This is actually the card’s regular APR, as the Amazon Credit Card does not offer an introductory rate for balance transfers. A balance transfer fee equal to 4% (min $5) of the amount transferred will also be added to your balance. That means interest will apply to it, along with what you currently owe.
That being said, there are better options available. The best balance transfer credit cards have long 0% intro periods and low (or no) balance transfer fees.
Notable Balance Transfer Credit Cards
- Best Overall: Citi Simplicity® CardLearn MoreLearn More
- Best Overall: Citi Simplicity® CardLearn MoreLearn Moreon issuer's website
- Best Overall: Citi Simplicity® CardLearn MoreLearn More
- Rates & Fees Long Intro APR: Wells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Long Intro APR: Wells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
- Long Intro APR: Wells Fargo Reflect® CardLearn MoreLearn More
- Rates & Fees Good Credit: Citi® Diamond Preferred® CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Good Credit: Citi® Diamond Preferred® CardLearn MoreLearn Moreon issuer's website
- Good Credit: Citi® Diamond Preferred® CardLearn MoreLearn More
- Excellent Credit: BankAmericard® credit cardLearn MoreLearn More
- Excellent Credit: BankAmericard® credit cardLearn MoreLearn Moreon issuer's website
- Excellent Credit: BankAmericard® credit cardLearn MoreLearn More
- Low Regular APR: Fifth Third 1% Cash/Back CardLearn MoreLearn More
- Low Regular APR: Fifth Third 1% Cash/Back CardLearn MoreLearn Moreon issuer's website
- Low Regular APR: Fifth Third 1% Cash/Back CardLearn MoreLearn More
- Rates & Fees Cash Back: Citi Double Cash® CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Cash Back: Citi Double Cash® CardLearn MoreLearn Moreon issuer's website
- Cash Back: Citi Double Cash® CardLearn MoreLearn More
- Best Overall:
- Long Intro APR:
- Good Credit:
- Excellent Credit:
- Low Regular APR:
- Cash Back:
A balance transfer credit card can save you hundreds of dollars on interest, and help you get out of debt much faster. Keep in mind that some cards' balance transfer promotions have a time limit.
If you don't make your transfer within a certain period of time after opening your account, you might not get the low introductory APR or transfer fee. It's best to make your transfer right away, so request a balance transfer on the application if you can.
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People also ask
What is the Amazon Credit Card balance transfer fee?
The Amazon Credit Card balance transfer fee is 4% (min $5). This card is not a good choice for balance transfers due to the combination of its balance transfer fee and relatively high balance transfer APR: 18.99% - 27.74% (V).
That does not compare favorably to the selection of 0% balance transfer credit cards on the market right now. Their 0% APR intro periods can help you save a lot of money on interest, even if you need to pay a balance transfer fee. You...
read full answer by Maria Adams, Credit Cards ModeratorWhat is the Amazon Credit Card interest rate?
The Amazon Credit Card interest rate is 18.99% - 27.74% (V), with the exact rate depending on factors such as your income, credit history and existing debt. This Amazon Credit Card interest rate is variable, meaning it can change based on certain economic conditions.
In addition to the regular APR, there are a few other Amazon Credit Card interest rates you should be aware of.
Amazon Credit Card Interest Rates
- Regular APR: 18.99% - 27.74% (V)
- Cash Advance APR: 28.74% (V)
The Amazon Credit Card...
read full answer by Maria Adams, Credit Cards ModeratorHow do I do a balance transfer on my Amazon. com Credit Card?
To do a balance transfer with the Amazon Credit Card , new applicants can just complete the balance transfer portion of the Amazon Credit Card application. Existing cardholders can request a balance transfer online or by calling customer service at 1 (800) 432-3117.
Amazon Credit Card balance transfers usually take up to 21 days to process. In the meantime, continue to make payments on your original debt to avoid any late fees and possible damage to your credit score.
...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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