What's the American Express credit card interest rate? This question is about American Express Credit Cards

What's the American Express credit card interest rate?

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This question is about American Express Credit Cards

robert_luke, Member

@robert_luke • 02/03/23 This answer was first published on 10/05/18 and it was last updated on 02/03/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The American Express interest rate is 17.99% (V) to 29.99% (V), depending on the card and on your overall creditworthiness. Some cards also offer a 0% introductory interest rate, lasting for a specified number of months. An American Express card with a 0% interest rate allows you to finance big-ticket purchases for several months without the costly interest charges.

The Amex cards that offer 0% intro APRs include:

Amex EveryDay: 0% for 15 months intro on purchases
Amex Blue Cash Everyday: 0% for 15 months intro on purchases
Amex Cash Magnet Card: 0% for 15 months intro on purchases
Amex EveryDay Preferred: 0% for 12 months intro on purchases
Blue Cash Preferred: 0% for 12 months intro on purchases

Business owners have two American Express introductory 0% interest rate credit cards at their disposal. Both American Express Blue Business Plus and Amex Blue Business Cash offer 0% for 12 months intro APR on purchases.

American Express interest rates by card:

Amex EveryDay: 17.99% - 28.99% (V)
Amex EveryDay Preferred: 17.99% - 27.99% (V)
Amex Blue Cash Everyday: 18.99% - 29.99% (V)
Amex Cash Magnet Card: 18.99% - 29.99% (V)
Blue Cash Preferred: 18.99% - 29.99% (V)
American Express Blue Business Plus: 18.24% - 26.24% (V)
Amex Blue Business Cash: 18.24% - 26.24% (V)

You will need at least good credit to qualify for an American Express credit card with a 0% interest rate. American Express will also review your payment history, employment, income, your level of debt, and other factors. If you’re applying for a business credit card, your personal credit history will play a significant role in the evaluation process.

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How do I find my Amex APR?

You can find your Amex APR through your Amex account online or from a monthly billing statement. Amex APRs are listed on the “Interest Charged” page under “Interest Charge Calculation,” which is usually on page 4 or 5 of both the hardcopy statement and the electronic version. If you do not have an Amex card yet, you can see the APR range for a particular offer by going to the “Cards” section on the Amex...

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How do I get American Express to lower my interest rate?

The best way to get American Express to lower the interest rate on your credit card is to call their customer service line at (800) 528-4800 and get on the phone with a representative. You can do this by saying “representative” to the automated customer service menu.

Simply asking can be more effective than you might think. For example, many credit card users who’ve threatened to cancel their cards if they didn’t get better terms...

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How do I avoid paying interest on American Express cards?

To avoid paying interest on American Express cards, pay off the entire statement balance by the payment due date every month, or keep the account balance at $0 by not making any transactions on the card. American Express cannot charge interest on an account in either case.

If you have an American Express credit card with an introductory 0% APR on purchases, you can also avoid paying interest as long as you pay off...

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