AMEX Question

[Anonymous]

If I do a balance transfer offer @ 0% for 12 months, do purchases lose their grace period? 

[NRB525]

Does your offer include 0% on purchases? AMEX typically only does BT on Card opening, as a combo 0% for BT and 0% purchases, and then never again. 

Is is this a new card offer?

[Anonymous]

New card offer. Will have to look at the terms again. 

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@NRB525 wrote:

Does your offer include 0% on purchases? AMEX typically only does BT on Card opening, as a combo 0% for BT and 0% purchases, and then never again. 

Is is this a new card offer?

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[Anonymous]

Says: 

0%
Introductory APR

until February 2, 2019, then a variable 24.24% based on the Prime Rate

3% Fee

(minimum $5 fee per transfer)

[wasCB14]

Check your Schumer box. If the 0% applies to both BTs and purchases, you should be okay.

Technically purchases would lose their grace period, but there would be no interest as long as all balances are at 0% and you make the minimum payments due.

This is assuming you have no balances in Plan It. Plan it would involve interest.

Assuming we're talking about EDP, the EDP terms as of 9/30/17 are here: https://www.americanexpress.com/us/content/pdf/cardmember-agreements/amex-everyday-preferred/Amex_Ev...

[Anonymous]

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@wasCB14 wrote:

Check your Schumer box. If the 0% applies to both BTs and purchases, you should be okay.

Technically purchases would lose their grace period, but there would be no interest as long as all balances are at 0% and you make the minimum payments due.

This is assuming you have no balances in Plan It. Plan it would involve interest.

Assuming we're talking about EDP, the EDP terms as of 9/30/17 are here: https://www.americanexpress.com/us/content/pdf/cardmember-agreements/amex-everyday-preferred/Amex_Ev...

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AFAIK my Blue Cash has been the only card ever to have the Plan It feature show up for purchases. None of my other cards have ever had the option, including my new EveryDay card.