American Express balance transfers: how to make, best deals

If you have credit card debt with exorbitant interest rates, transferring the balance to an American Express card may be the best solution. Balance transfers, in a sense, offer consumers a makeover. Of course, there are limits, and American Express usually charges a fee for transferring an existing balance.

Here’s everything you need to know about transferring existing credit card debt to an American Express card.

How to make a balance transfer with American Express

Unfortunately, American Express does not currently allow balance transfers. American Express cardholders, if available, can check if they are eligible for a balance transfer through their online account.

What You Should Know About American Express Balance Transfer Before Applying

• Now no options. While balance transfers are currently not available through American Express. If you need to transfer an existing balance, you should consider other credit cards for transferring the balance.
• Future Options. Just because you can’t transfer your balance to American Express credit cards now doesn’t necessarily mean they won’t offer this option in the future.
• You cannot transfer balance from one American Express card to another American Express card.
• Approval not guaranteed. American Express uses your creditworthiness to determine eligibility for a balance transfer. American Express may deny your request if your credit is not up to par.

How to improve your chances of getting a balance transfer approved

Here are some tips that will increase your chances of getting your balance transfer approved:

Find out your credit score. Your credit score is the single most important factor that card issuers consider when transferring balances.

• Work to improve your score. Try to improve your credit score before requesting a balance transfer, if possible. Some ways to improve your score include paying your bills on time, paying off debt, and not applying for new credit cards until you’ve been approved to transfer your balance.
• View your credit limit. The card issuer will generally decline balance transfer requests if you request a transfer amount that exceeds your credit limit. When requesting a balance transfer, consider your credit limit.
• Pay attention to balance transfer offers. Most balance transfer offers require you to request a transfer within a certain period of time in order to qualify. Make sure you request the transfer within the allotted time to ensure eligibility.

Best American Express Balance Transfer Deals

American Express currently offers several credit cards with 0% APR introductory offers on purchases but not balance transfers.

American Express Blue Cash Preferred® Card

• 0% advertising periodA: 12 months for purchases only, not for balance transfers.
• Regular APR: Variable from 13.99% to 23.99%. For more information, see the Blue Cash Preferred® card overview.
• It is worth notingA: Earn $300 on your credit statement by spending $3,000 during your first six months of card membership. 6% cashback at US supermarkets (up to $6,000 on purchases per year, then 1%) and select US streaming subscriptions, 3% cashback at US gas stations and public transit, and 1% cashback on regular purchases. $95 annual fee ($0 annual introductory fee for the first year).

American Express Blue Cash Everyday® Card

• 0% advertising periodA: 15 months for purchases only, not for balance transfers.
• Regular APR: Variable from 13.99% to 23.99%. See the Blue Cash Everyday® Card overview for more information.
• It is worth notingA: Get a $200 credit by spending $2,000 during the first six months of your card membership. Cashback 3% at US supermarkets (up to $6,000 a year for shopping, then 1%), 2% at gas stations and select US department stores, and 1% everywhere else. No annual fee.

Frequently Asked Questions About American Express Balance Transfers

What types of balances can I transfer with American Express?

American Express does not currently allow balance transfers.

How much debt can I transfer with American Express?

Unfortunately, American Express does not currently allow balance transfers.

How can I check the status of my American Express balance transfer?

Balance transfers are not currently permitted by American Express.