American Express targets their credit cards to big spending consumers. However, over the past few years, American Express has offered a great deal on fixed APR for life balance transfers with many of their credit cards. However, as we reported last month, American Express is no longer offering fixed APR for life balance transfers. In fact, most American Express cards are not offering low rates on balance transfers at all anymore.
While some cards are offering no fee balance transfers, these cards still carry interest rates in the high teens and, since there are a lot of credit card companies offering 0% APR balance transfers, these are not the best deals. With 0% balance transfers available, there’s little reason to save a few dollars and then pay hundreds more interest.
For more information on American Express balance transfers, please see their respective section in the credit card comparison section of this website. For more information on 0% APR balance transfers, please refer to that section.
