How much are American Express balance transfer fees?

The The Amex EveryDay® Credit Card from American Express balance transfer fee is 3% (min $5).

Amex EveryDay Balance Transfer Details

• Balance transfer fee: 3% (min $5)
• Balance transfer intro APR: 0% for 15 months for balance transfers made within 60 days from account opening.
• Balance transfer regular APR: 17.74% - 28.74% (V)
• How to do a balance transfer: To do a balance transfer with the Amex EveryDay card, new applicants can just complete the balance transfer portion after being approved for the Amex EveryDay. If you’re an existing customer, you can check if your card is eligible for balance transfers through your ... read full answeronline account.
• Processing time: It may take Amex up to six weeks to process balance transfers. So, make sure you continue to make payments to your other account(s) until the balance transfer has been confirmed.

You can find out how much the Amex EveryDay card will save you in interest charges by using WalletHub’s balance transfer calculator.

The Amex Gold card does not have a balance transfer fee. The reason the Amex Gold card has no transfer fee is that it does not allow balance transfers at all, and that means you'll need to look for another credit card to help reduce the cost of existing debt.

There are a few ... read full answercredit cards with no balance transfer fee on the market. There are also a lot of 0% APR balance transfer cards. Picking one of these cards could help you save big on interest while you pay off your debt.

To see exactly how much you could save with the right balance transfer credit card, use WalletHub's Balance Transfer Calculator.

To do a balance transfer with the Amex Blue Cash Everyday card, new applicants can just complete the balance transfer portion of the Amex Blue Cash Everyday application. Amex Blue Cash Everyday balance transfers usually take up to six weeks 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

For a look at some other top balance transfer cards on the market, check out WalletHub’s Best Balance Transfer Credit Cards page.

How to Choose a Balance Transfer Card

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.