New AMEX Everyday card - but no balance transfer a... - myFICO® Forums

Anonymous · ‎07-10-2020

I just signed up for the new AMEX Everyday card because it was adversited that there is 0% APR for balance transfers.

But when I activated the card and went to look at balance transfer options I get "We're unable to extend balance transfer offers at this time."

Also the terms sheet that was delivered with the card says "0.00% introductory APR through your billing period that ends in October, 2021."

Does this happen to anyone else? Any insights appreciated!

Anonymous · ‎07-10-2020

I don't see anything on that card advertising a 0% balance transfer offers. I do see the introductory APR (0%) offer on purchases, however.

AMEX has publicly stated that they are currently pumping the brakes on balance transfer offer. Just a sign of the current economic condition. AMEX isn't interested in ultimately being left to hold bad debt if things go south even more than they have.

Anonymous · ‎07-10-2020

That have recently removed the BT offers on most if not all their products within the last 30 days. I also head that Citi did as well.

If a person is looking for a new CC for BT purposes they probably should stick with CU's for now, most of the big guys have scaled back in offering them.

blindambition · ‎07-10-2020

@Anonymous wrote:
That have recently removed the BT offers on most if not all their products within the last 30 days. I also head that Citi did as well.
If a person is looking for a new CC for BT purposes they probably should stick with CU's for now, most of the big guys have scaled back in offering them.

+1

The major banks have pretty much stopped for now. The ones available often give lower limits. Better chances with a CU.

joltdude · ‎07-10-2020

The third thing iv noticed if you are offered a BT offer it has a fee that somewhat negates and/or really short term, or its not 0....CU is offering an interesting offer... a percentage back as a rebate for a BT... but you must not zero out the balance for 3+ months and their BTs are at their card rate... 8.X...... ... the other saving grace is that you technically may get a percentage of all your interest/payments back at the end of the year dividend..... but thats not a given...

Miss Disco still offering me BT offers but the terms are... Meh...

-J