Do American Express Offer Balance Transfers?

Do American Express offer balance transfers?

This is an increasingly popular question, that we have seen many UK credit card customers, over recent months looking for an answer to.

American Express currently offer a wide range of credit cards in the UK. This is in addition to their traditional range of charge cards. The current American Express range of credit card has a strong emphasis on the travel sector. These credit cards include the British Airways credit card and the Starwood Preferred Guest credit card.

American Express also have a range of cashback and rewards credit cards including the Platinum Cashback credit card, Nectar credit card and the Costco TrueEarnings card.

Do American Express Offer Balance Transfers?

American Express OfferSo, do American Express offer balance transfers on any of their credit cards?

Currently American Express do not have any 0% balance transfer offers available on any of their UK credit cards.

In fact American Express have not offered any introductory balance transfers to customers in the UK since June 2006. An Amex spokesperson said at the time: “We are focusing on attracting those who primarily want to take advantage of our reward schemes.”

American Express themselves do not offer any 0% balance transfers deals. However, there are of course many other credit cards available which do offer 0% balance transfers in the UK.

These other 0% balance transfer cards are all issued using the Visa or MasterCard payments networks and are accepted all over the world. Visa and MasterCard credit cards are generally far more widely accepted in many more shops and restaurants than American Express credit cards.

Current UK 0% balance transfer credit cards include all of the following popular featured credit cards:-

Card Offers

Balance Transfers:
0% for 28 Months
Balance Transfer Fee:
1.4%
Purchases:
0% for 3 Months
Representative APR:
21.9% APR (variable)
More Information

Card Details

HSBC*
  • 0% interest on balance transfers for 28 months made within 60 days of account opening
  • 1.4% balance transfer fee (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
  • home&Away rewards programme giving you instant discounts from well-known brands
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

HSBC*
  • You have an annual income or pension before tax of £8,500 or more
  • You are a UK resident, including Isle of Man and Channel Islands
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)
Credit is subject to status

Card Offers

Balance Transfers:
0% for 12 Months
Balance Transfer Fee:
0%
Purchases:
0% for 12 Months
Representative APR:
15.9% APR (variable)
More Information

Card Details

Nationwide Select Credit Card just for Nationwide members*
  • 0% on balance transfers for 12 months from account opening
  • 0% balance transfer fee within first 3 months, 2.4% fee applies after, minimum £5
  • 0% on purchases for 12 months from account opening
  • Unlimited commission free purchases abroad
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

Nationwide Select Credit Card just for Nationwide members*
  • Nationwide credit cards are just for members. You are a member when you have a current account, mortgage or savings account with Nationwide
  • Nationwide Select Credit Card is only available to members who hold their main current account with Nationwide
  • You have been living in the UK for the last 12 months
  • You have a gross income each year of more than £5000
  • You have a good credit history
  • You are aged 18 or over
More Information
Nationwide Select Credit Card is only available to members who hold their main current account with Nationwide
Representative Example: 15.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable)

Card Offers

Balance Transfers:
0% for 12 Months
Balance Transfer Fee:
3%
Purchases:
No offer
Representative APR:
19.9% APR (variable)
More Information

Card Details

Asda Cashback*
  • 0% on balance transfers for 12 months
  • 3% balance transfer fee, minimum £3
  • 0% for 6 months on purchases of £200 or more at George.com
  • 1% cashback on your Asda shopping online and instore
  • 1% cashback at Asda Living, Asda petrol stations and George.com
  • 0.2% cashback everywhere else
  • Annual Fee: None
More Information

Application Criteria

Asda Cashback*
  • You are a permanent UK resident
  • You have a UK bank or building society account
  • You are able to provide at least one telephone number
  • You have a regular source of income
  • You are aged 18 or over
More Information
Unlimited cashback vouchers - 1% at Asda plus 0.2% everywhere else
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

Card Offers

Balance Transfers:
0% for 20 Months
Balance Transfer Fee:
2.9%
Purchases:
0% for 20 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

M&S Shopping Plus*
  • 0% for 20 months on balance transfers made within 90 days of account opening
  • 2.9% balance transfer fee, minimum £5
  • 0% on purchases for 20 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

M&S Shopping Plus*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within previous 12 months
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

Card Offers

Balance Transfers:
0% for 18 Months
Balance Transfer Fee:
2.99%
Purchases:
0% for 18 Months
Representative APR:
22.9% APR (variable)
More Information

Card Details

HSBC Purchase Plus*
  • 0% interest for 18 months on balance transfers made within 60 days of account opening
  • 2.99% balance transfer fee (minimum £5)
  • 0% on purchases for 18 months from account opening
  • At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
  • home&Away rewards programme giving you instant discounts from well-known brands
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

HSBC Purchase Plus*
  • You have an annual income or pension before tax of £8,500 or more
  • You are a UK resident, including Isle of Man and Channel Islands
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 22.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 22.9% p.a. (variable)
Credit is subject to status

Many UK credit cards with 0% balance transfer offers have been withdrawn in recent years. MBNA for example, had at one time issued many dual credit cards with a MasterCard and an American Express card.

These MBNA dual credit card accounts with their 0% introductory offers, are also now no longer available.


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