Best AMEX balance transfer ???

[Anonymous]

I’m interested in getting a new AMEX card. It will be my first one. I want to get something that has a balance transfer 0% interest.

They have a few of them? Any feedback on which route I should go, would be very much appreciated

[Anonymous]

AmEx everyday.

no interest, no BT fee

[Remedios]

Everyday card is 0% fee and 0% apr for the duration of intro offer. 

There are some restrictions on BT amount, I think it's up to 70%-75% of SL. I could be wrong on that percentage (somewhere around there) 

[Anonymous]

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@Remedios wrote:

Everyday card is 0% fee and 0% apr for the duration of intro offer. 

There are some restrictions on BT amount, I think it's up to 70%-75% of SL. I could be wrong on that percentage (somewhere around there) 

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It depends on the CL but, generally speaking the max is $7500 regardless of the CL.

[Remedios]

Thank you. Did not know that. 

[Anonymous]

Wait, I thought the max you could BT to Amex was $5000 now?

[Anonymous]

Yeah, it's something they started doing in the last year. 

Amex isn't an ideal place to BT though generally as their business model tradtionally is  Charge not Credit.  It seems they're leaning into the BT territory more but, limiting it severly for the time being.  I guess dipping their toes in the water?

[Brian_Earl_Spilner]

Everyday has no BT fee and up to 15 months 0%, the preferred has a fee and only 12 months.

[Anonymous]

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@Anonymous wrote:
Wait, I thought the max you could BT to Amex was $5000 now?

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It's possible they dropped it.  Either way it's not a significant amount or unlimited to the % of CL you see w/ other lenders.

[Anonymous]

I was allowed 5000 in balance transfer with a CL of 8000, card opened in March. 

Amex is also in the lending business, and with Pay Over Time they're adding a revolving element to their charge cards. This is an area of the business they're serious about.