Balance Transfer From American Express

Balance Transfer From American Express

A balance transfer from American Express credit cards can often be more difficult, than it is for many other types of balance transfers in the UK.

An AMEX balance transfer is often more likely to fail. This is often due to the 15 digit card number, found on an American Express card.

Over recent months, we have seen a large increase in the number of questions, about making a balance transfer from American Express.

In this article, we explain how you can successfully make an American Express balance transfer, in 2020, in the UK.

American Express Balance Transfer

You can make a balance transfer from American Express to another UK credit card. However your choice of credit cards, is more limited, in this case.

It is usually straight forward to make a balance transfer from a Mastercard, or Visa branded credit card. However a balance transfer from American Express, to another UK 0% credit card, can often be more difficult.

What is the issue with doing an American Express balance transfer? What is it, that makes it more difficult?

American Express credit cards are issued with a 15 digit card number on the front of the card. However, all of the Visa and MasterCard credit cards issued in the UK, have a 16 digit card number.

This means that the UK credit card companies have their computer systems set up to expect at least a 16 digit card number for the balance transfer request.

As a result, the 15 digit card number for an American Express card can often lead to the computer system rejecting the AMEX card number as invalid. This then means that the AMEX balance transfer request can often fail.

AMEX Balance Transfer

How can a customer make an AMEX balance transfer in the UK in 2020?

In our experience, the following credit card company’s systems are more compatible with accepting the 15 digit AMEX card number.

The featured cards below are best suited to accept an AMEX balance transfer online:-


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Card Offers

Balance Transfers:
0% for up to 29 Months
Balance Transfer Fee:
2.74%
Purchases:
0% for 3 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

Sainsbury’s Balance Transfer
  • 0% interest on balance transfers for up to 29 months
  • 3% initial balance transfer fee (minimum £3) reduced to 2.74% by refund in first 3 months
  • 0% interest on purchases for your first 3 months
  • Collect 2 Nectar points per £1 spent on Sainsbury's shopping and fuel
  • Collect 1 Nectar point for every £5 spent on your card elsewhere
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Sainsbury’s Balance Transfer
  • You have a permanent UK address
  • You have not been declined for credit in the last month
  • You do not have a history of bad credit
  • You are aged 18 or over
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.95% p.a. (variable)

Card Offers

Balance Transfers:
0% for 28 Months
Balance Transfer Fee:
2.75%
Purchases:
0% for 3 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

NatWest Longer Balance Transfer
  • 0% on balance transfers for 28 months from account opening
  • 2.75% balance transfer fee
  • 0% on purchases for first 3 months from account opening
  • Lock and unlock your credit card in app
  • Manage your card 24/7 online and by telephone banking
  • Annual Fee: None
More Information

Application Criteria

NatWest Longer Balance Transfer
  • You are a NatWest customer
  • You are a UK resident
  • You are earning at least £10,000 per year
  • You are aged 18 or over
More Information
Only available to customers who have a current account, savings account, credit card or mortgage with NatWest
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 up to 27 Months
Balance Transfer Fee:
3%
Purchases:
0% for up to 27 Months
Representative APR:
20.9% APR (variable)
More Information

Card Details

Sainsbury’s Dual Offer
  • 0% interest on balance transfers for up to 27 months
  • 3% balance transfer fee, minimum £3
  • 0% interest on purchases for up to 27 months
  • Collect 2 Nectar points per £1 spent on Sainsbury's shopping and fuel
  • Collect 1 Nectar point for every £5 spent on your card elsewhere
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Sainsbury’s Dual Offer
  • You have a permanent UK address
  • You have not been declined for credit in the last month
  • You do not have a history of bad credit
  • You are aged 18 or over
More Information
Representative Example: 20.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.95% p.a. (variable)

If you encounter a problem making your balance transfer online, here is one tip that we know has worked previously. When entering the credit card number, place a 0 as the first digit of your existing American Express card number. This will then give you the required 16 digit credit card number.

A small number of UK credit cards provide both an American Express card and a Visa or MasterCard card on the same account. This is most common with rewards credit cards, usually airline or travel credit cards. In this case, we would always recommend using the 16 digit Visa or MasterCard card number to make the balance transfer.

Some AMEX balance transfer customers have reported success in making a balance transfer from American Express over the telephone with their credit card customer services. However, a transfer from American Express by telephone is still not guaranteed.

If requesting an American Express balance transfer over the telephone, it is often best to ask for a supervisor. These more experienced people are more likely to understand how to make a transfer from American Express cards.

Balance Transfer to AMEX

American Express currently, do not provide any 0% transfer credit card offers in the UK. For many years now, American Express UK have not issued any AMEX balance transfer cards with a 0% transfer offer.

You can ask to make a balance transfer from another credit card to an American Express card. However, you will not benefit from the 0% rates available on balance transfers, from many other popular UK credit cards.

So, in summary, can I transfer my American Express balance to another card? The HSBC balance transfer credit card for example?

Yes as described above, you can. In our experience, the card companies listed above, are more used to dealing with an American Express balance transfer. Many of the other credit card companies do not deal quite so well with the AMEX balance transfer card number issue.


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