If you carry high balances on your credit card(s), the interest could be making it hard to keep up with payments as, even if you pay more than the minimum, you’re still paying a ton in fees. This is where a balance transfer credit card can help.

If you’re looking to do a balance transfer with American Express, keep reading to find out what you need to know about card options, current restrictions and transfer fees.

Pick and apply for the right card for your transfer

When looking for the right American Express balance transfer offers, you want to make sure of a few things. First, look for a card that you’ll want to keep after you pay off the balance. After all, you don’t want to cancel the card after the balance is paid off, as it hurts your credit utilization ratio and overall credit score. Second, look for a long promotional APR time frame that gives you enough time to pay off your balance interest-free. You’ll want to do some math to make sure you can pay off the balance before the 0% intro APR expires and interest kicks in.

Need more help finding the best balance transfer card? Below, we’ll highlight two of our favorite American Express balance transfer cards.

American Express balance transfer credit cards:

Blue Cash Everyday® Card from American Express

Coming in first is the Blue Cash Everyday® Card from American Express (a NextAdvisor advertiser) with a 15-month 0% intro APR for balance transfers and purchases from the date of account opening (after that, the APR is 12.99% – 23.99% variable). The card comes with a low balance transfer fee offer of 3% (or $5 minimum, whichever is greater) per transaction made within 60 days of account opening that’s especially worth paying when it’s compared to the interest fees you’re paying with your current card plus.

Card members will also enjoy the no annual fee and special offer bonus of $150 back after spending $1,000 in purchases within the first 3 months of opening the account. Blue Cash Everyday also rewards users with 3% cash back for purchases at U.S. supermarkets (on up to $6,000/year in purchases, then it’s 1% back), 2% at U.S. gas stations and 1% for all other purchases. The only downside is that cash back is received in the form of Reward Dollars that can be redeemed as statement credits, merchandise and more — you can’t get a physical check like you can with other cards.

Amex EveryDay® Credit Card from American Express*

Looking for a card with no balance transfer fee? The Amex EveryDay® Credit Card offers the best American Express balance transfer offer we’ve seen. It’s hard to beat with a $0 balance transfer fee on transfers made in the first 60 days of account opening, and a 15-month 0% intro APR on purchases and balance transfers made in the first 60 days of account opening (after that, the APR is 12.99% to 23.99% variable). This means it’s free to transfer your balance, and you have over a year to pay it off interest-free.

Other perks you’ll enjoy are no annual fee, 2x membership rewards points for every dollar spent at U.S. supermarkets (on up to $6,000/year spent, then it’s 1% back), 1x rewards points for other eligible purchases and 20% extra points when you use your card 20 or more times on purchases within a billing period. There’s also a new card member bonus of 10,000 membership rewards points if you spend $1,000 in the first 3 months of account opening.

Initiate the transfer

When applying for an American Express balance transfer card, you need good to excellent credit (usually considered a credit score of 700 or higher) for approval . Keep in mind that American Express (like other issuers) will only allow you to transfer up to the credit limit you’re approved for.
When you’re ready to initiate a balance transfer with American Express, be sure you have the following information from your current creditor handy:

  • Credit card or account number.
  • Company name, number and address.
  • Balance amount to be transferred.

If you already own an American Express account

If you already have access to your AmEx account online, or your current card has a balance transfer offer available, you should be able to initiate the process online. Just keep in mind that you cannot transfer a balance from another American Express account or from an American Express affiliate — if that’s your goal, you may need to find another card.

  • Log into your account: Check whether your account is eligible for a balance transfer online and follow the prompts.
  • Enter creditor information: Enter relevant information from the account you are transferring from when prompted.

If you’re applying for a new American Express balance transfer credit card

  • Start the application process: Choose your favorite AmEx balance transfer card and start the application process either online or over the phone.
  • Provide balance transfer information: During the application process, when prompted, provide relevant balance transfer information (account number and information, balance amount, etc.).

Follow up

Keep an eye on transactions with both the old and new card issuers to make sure all transfers are complete, as some can take up to six weeks. The last thing you want is a missed payment on your credit report, so keep paying your bills to your old card issuer until you have your transfer confirmation.

To make the best use of your new American Express balance transfer card, consolidate as much debt as you can onto one card and pay it all off before the intro offer expires. Luckily, cards like the above American Express balance transfer offer year-long interest-free periods for you to make payments, meaning you should be able to get your debt back under control.

*Information regarding the Amex Everyday Credit Card was prepared by NextAdvisor.com staff. Opinions expressed therein are solely those of the writer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented on this page is accurate as of the date of the post.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.