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 other types of balance transfers in the UK.

An AMEX balance transfer can be more likely to fail. This is often, but not always, 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 the UK, in 2021.

American Express Balance Transfer

You can make a balance transfer from American Express to another UK credit card. However, for AMEX transfers, your choice of credit cards is more limited. Due to coronavirus and reduced capacity issues, many of the UK credit card companies which did accept AMEX transfers. have now greatly reduced card applications.

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

So what is the most common issue with doing an American Express balance transfer? What is it, that makes this type of transfer 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 2021?

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 25 months
Balance Transfer Fee:
2.85%
Purchases:
0% for 3 months
Representative APR:
21.9% APR (variable)
More Information

Card Details

HSBC Balance Transfer*
  • 0% interest for 25 months on balance transfers made within first 60 days of account opening
  • 2.85% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
More Information

Application Criteria

HSBC Balance Transfer*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • 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, affordability and applicable terms and conditions
No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

Balance Transfers:
0% for 24 months
Balance Transfer Fee:
3%
Purchases:
0% for 4 months
Representative APR:
20.6% APR (variable)
More Information

Card Details

Co-operative Bank Balance Transfer
  • 0% interest for 24 months for balance transfers made within 60 days
  • 3% balance transfer fee, minimum £5
  • 0% interest on purchases for 4 months from account opening
  • All successful applicants will receive this exact rate and offer
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Co-operative Bank Balance Transfer
  • Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
  • You are a UK resident
  • You have annual income of £10,000 or more
  • You are aged 18 or over
More Information
Only available to Co-operative Bank customers
Representative Example: 20.6% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.6% p.a. (variable)
No balance transfers allowed to this card from Co-operative credit cards

Card Offers

Balance Transfers:
0% for 18 months
Balance Transfer Fee:
2.9%
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 first 60 days of account opening
  • 2.9% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 18 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
More Information

Application Criteria

HSBC Purchase Plus*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • 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, affordability and applicable terms and conditions
No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

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 very small number of UK credit cards did provide both an American Express card and a Visa or MasterCard card on the same account. This was most common with rewards credit cards, usually airline or travel credit cards. If you have one of these cards, 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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