American Express does not offer new balance transfer deals to existing customers, at least not on the same card. Once your Amex card’s balance transfer offer runs out, there’s no way to get another promotional APR on that card. You can still transfer a balance to the card at any time. But introductory 0% APRs on American Express balance transfer cards usually apply only to balances transferred within 60 days of account opening.
You can check if your card is eligible for balance transfers through your online account. From the Account Services menu, find the “Card Management” tab and click “Transfer Balances.” If there’s a balance transfer offer available, click the corresponding link. Enter the account number(s) for your other creditor(s) and the amount you want to transfer, along with the name and address associated with the account(s). Then, just confirm and submit the request. You can only transfer amounts up to 75 percent of the card’s credit limit or $7,500, whichever is less.
If your current Amex card won’t give you a low enough balance transfer APR, you can always apply for a new American Express balance transfer card. The Amex EveryDay card has the best offer available, with an introductory APR of $0 on balance transfers. There’s also no transfer fee if you complete a balance transfer within the first 60 days that you have the card. Other cards such as Cash Magnet and Blue Cash Everyday offer a 0% APR for 15 months on balance transfers. Their transfer fee is 3% of amount transferred, or $5, whichever is greater. That trio does not charge annual fees.
Just keep in mind that you can’t transfer a balance from one Amex card to another Amex card. And you can only transfer balances from credit cards, not from loans.
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