No, there aren’t any American Express balance transfer deals for existing customers at the moment, at least not on a card that you currently have. Once your Amex card’s balance transfer offer runs out, there’s no way to get another promotional APR on the same card. You can still transfer a balance to that card at any time, but you’ll have to do so at the card’s regular APR.
How to check if your Amex card is eligible for balance transfer offers:
The Amex EveryDay card does not offer balance transfer checks, but you can initiate a balance transfer from your online account or by calling the number on the back of your card.
It can take up to 10 days for balance transfers to be processed, but there's no guarantee yours will be handled in that timeframe. If the creditor you're transferring debt from needs to be paid by check rather than electronically, your request could take longer to process.… read full answer
To do a balance transfer with an American Express card, new applicants can just complete the balance transfer portion of the card application. American Express balance transfers usually take up to six weeks to process. Please note that, at the moment, only a few American Express cards offer balance transfers from other issuers’ accounts.… read full answer
The objective of a balance transfer is to save money on interest, so you will want a card with a low introductory APR on balance transfers. Just be sure to pay off the transferred balance in full before the introductory rate expires. Otherwise, the remaining balance will accumulate interest daily at the card’s regular APR.
You can find out how much a balance transfer card with a low intro APR will save you in interest charges by using WalletHub’s balance transfer calculator. This tool will also recommend credit cards that may help you save money and get out of debt faster.
Yes, you can transfer your American Express balance to another credit card as long as it is issued by a different credit card company. Make sure you pick a card that accepts balance transfers and has advantageous rates. Essentially, you want to look for a 0% intro balance transfer card and pay off your balance before the introductory period is over.… read full answer
Here are some of the best balance transfer credit cards:
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