Maria Adams, Credit Cards Moderator
@m_adams
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 credit 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.
American Express® Gold Card
People also ask
How do I do a balance transfer on my Amex Gold card?
The American Express® Gold Card does not allow balance transfers. In general, balance transfers allow you to shift high-interest debt from your current account to another issuer’s credit card and pay off the balance, presumably at a reduced interest rate.
For a look at some of the top balance transfer cards on the… read full answer
show lessHow do you do a balance transfer with Amex?
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… read full answer
show lessHow much is the Amex Gold card annual fee?
The Amex Gold card annual fee is $250. This card’s annual fee is higher than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the American Express® Gold Card, either.
Amex Gold card Fees
- Annual Fee: $250
- Cash Advance Fee: 5% (min $10)
- … read full answer
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