American Express 0% APR Credit Cards
WalletHub makes it easy to find the best American Express 0% APR credit card.
The best 0% APR American Express credit card is the American Express Cash Magnet™ Card, which offers 0% for 15 months on new purchases, 0% for 15 months on balance transfers (3% balance transfer fee), and a $0 annual fee. Cash Magnet also rewards cardholders with 1.5% Cash Back on purchases. For those reasons, the American Express Cash Magnet™ Card is one of the best 0% APR credit cards fr… show more
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Rates & Fees | Terms Apply
- $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
- 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
- 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
- Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
- Terms Apply.
- Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
- Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
- No annual fee.
- See More Details & Reviews About TheBlue Cash Everyday® Card from American Express
Rates & Fees | Terms Apply
- $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
- 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
- 3% cash back at U.S. gas stations. 1% cash back on other purchases.
- Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
- Terms Apply.
- Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
- $95 annual fee.
- See More Details & Reviews About TheBlue Cash Preferred® Card from American Express
Rates & Fees | Terms Apply
- Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
- Unlimited 1.5% Cash Back on your purchases.
- Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
- Terms Apply.
- Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
- $0 plan fees for plans set up during your first 15 months of Card Membership with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee.
- Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
- No Annual Fee.
- See More Details & Reviews About TheAmerican Express Cash Magnet™ Card
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Editor's Picks: Best 0% APR American Express Credit Cards
There are several 0% APR Amex credit cards. You can check out the WalletHub editors’ favorites below.2019’s Best 0% APR American Express Credit Cards:
| Credit Card | New Purchases | Balance Transfer | Annual Fee |
| American Express Cash Magnet™ Card | 0% for 15 months | 0% for 15 months | $0 |
| Blue Cash Everyday® Card from American Express | 0% for 15 months | 0% for 15 months | $0 |
| Wells Fargo Propel American Express® Card | 0% for 12 months | 0% for 12 months | $0 |
| Blue Cash Preferred® Card from American Express | 0% for 12 months | 0% for 12 months | $95 |
| The Amex EveryDay® Credit Card from American Express | 0% for 15 months | 0% for 15 months | $0 |
Choosing the right 0% credit card can be tough. But WalletHub’s credit card payoff calculator can help you figure out which credit card-monthly payment combination will save you the most money. You can also check your latest credit score for free on WalletHub to see which cards you’re likely to be approved for.
How much is the minimum payment for American Express?
The minimum payment for an American Express credit card is generally $35 or 1% of your balance, plus fees and interest – whichever is higher. Existing cardholders can always find their required minimum payment listed on their monthly account statement.You can learn more about the importance of making at least minimum monthly payments (and what happens if you don't) from WalletHub's guide on paying credit card bills.
Questions & Answers
Comparing american express 0% apr credit cards can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered....show moreshow less
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What is the Amex EveryDay APR? Reply
The Amex EveryDay APR is 0% for the first 12 months your account is open. After that, it could be anywhere between 14.99% and 25.99%. The exact number will depend on your credit worthiness, and will be determined when you open your account. You won’t have to pay any interest on purchases if you always pay off your balance by due date, 25 days after the end of billing cycle.
The purchase APR is the most widely applicable rate, but purchases aren’t the only transactions Amex charges interest on. I’ll go through the rest below.
Here are all the different types of Amex EveryDay APR:
- Balance Transfer: You’ll pay 0% for the first 12 months, if you request the transfer within 60 days of account opening. After that, it could be any number between 14.99% and 25.99%, depending on your credit worthiness. Your balance transfer APR and purchase APR will be the same rate.
- Cash Advance: 27.24%. Interest starts accumulating as soon as you withdraw your cash. And there’s a fee of either $5 or 3% of the transaction, whichever is higher.
- Penalty: 29.99%. The penalty APR can be applied once you miss a payment or have a payment returned. You can get it withdrawn by making six consecutive payments on time.
- Plan It Fee: The Amex Plan It feature lets you split up large purchases into monthly payments for a fixed monthly fee rather than the purchase APR. You’ll pay $0 in fees for the first 12 months after opening your account. After that, the monthly fee is up to 1.13% of the purchase.
The Amex EveryDay APR you get will depend on the transaction you’re making, when you’re making it, and your credit worthiness. It’s worth noting that other cards offer both longer intro periods and lower finance charges. For example, the Citi Simplicity interest-free period for purchases is 21 months, and the Discover it purchase APR starts at 12.24%. With two points per dollar at supermarkets and a 10,000-point after you make $1,000 in purchases, the Amex EveryDay card is best used for earning rewards, not paying balances.
How much is the Amex purchase finance charge? Reply
An Amex purchase finance charge starts as low as 13.24% for the Blue Business Plus card, up to as much as 26.74% on the Delta SkyMiles cards. Purchase finance charges are often presented as an Annual Percentage Rate (APR) and are in a range from low to high. Rates are also based on creditworthiness. The higher your credit profile, the better your odds of landing a rate at the low end of the scale.
Amex cards come with different purchase finance charges, or interest rates. Amex typically charges interest on purchases beginning on the date of the transaction. Interest also applies to cash advances and balance transfers, and Amex often charges higher rates for those transactions.
Some Amex cards, such as the Blue Cash Preferred card, come with introductory 0% interest on purchases. That means the purchase finance charge does not apply throughout the introductory period. Make sure you know when the introductory 0% period expires, and what your new purchase finance charge will be.
Amex purchase finance charges:
- 13.24% - 21.24% (V): Blue Business Plus (0% for 15 months).
- 14.24% - 21.24% (V): SimplyCash Plus Business (0% for 15 months).
- 14.99 – 24.99% (V): EveryDay Preferred (0% for 12 months)
- 14.99% - 25.99% (V) : 5 Amex cards - Blue Cash EveryDay, Cash Magnet (0% for 15 months); Blue Cash Preferred; EveryDay Card (after 0% for 12 months), and Hilton Honors.
- 17.74% - 26.74% (V) Purchases APR: 11 Amex cards. Blue Delta SkyMiles and Business cards; Gold Delta SkyMiles and Business cards; Platinum Delta SkyMiles and Business (0% for 6 months) cards; and Platinum Reserve SkyMiles and Business (0% for 6 months) cards. Also includes Starwood Preferred Guest Business card.
Not all Amex credit cards come with a purchase finance charge. Amex has a number of charge cards such as the Gold and Platinum cards that require you to pay your entire balance in full each month. Amex charge cards will hit you with a 29.99% Penalty APR if you don’t pay the entire balance. You’ll also be charged a $38 late fee. The penalty rate will apply for the next six months, and will be lifted if you pay your balance in full – and on time during those six months.
When is there a purchase finance charge on Amex cards? Reply
What's the longest American Express introductory 0% APR? Reply
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Ask the Experts
To help educate people on the possibilities, we asked a panel of experts to share their thoughts on the following questions. You can meet our expert panel and check out their comments below.
1. Do you think the average person knows that not all American Express credit cards are charge cards?
2. Why do you think there are more Amex cards with $100+ annual fees than 0% introductory APRs?
3. Do you think 0% APR credit card offers, such as the Amex EveryDay Credit Card from American Express, will fade away if the economy takes a downturn?
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John P. Watkins
Professor of Economics, Westminster College
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Paul Woodburne
Chair, Dept of Economics, Clarion University of Pennsylvania
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