American Express Balance Transfer Credit Cards

American Express credit cards usually have a 25-day grace period. But it varies by card. Some Amex cards have a 30-day grace period. Others don’t have any grace period because their balances must be paid in full each month.

Yes and no. You can’t simply pay your monthly American Express credit card bill with another credit card and continue using it. In fact, no credit card company allows you to do so. Most accept only bank transfers, debit cards, checks and money orders.

You can, however, transfer a balance from an American Express card to a credit card from another issuer. Transferring a balance is basically the same thing as using one credit card to repay another. But you need to open a new credit card account to get a good deal, so it’s not something you can do every month.

Transferring a balance to an American Express credit card should take 2-3 days, after Amex approves your transfer request. Current Amex cardholders can expect a decision within 48 hours, while it can take up to 10 days if you’re applying for a new account. So the full process, from the time you request a balance transfer to when Amex pays your other card’s issuer and the balance shows up on your American Express card account, can take anywhere from 4 to 12 days.

It’s different if you’re transferring a balance from an American Express credit card to a card from another issuer. The timeframes vary by credit card company. But you can check out the major issuers’ policies in WalletHub’s Balance Transfer Report.