Blue Cash from American Express Balance Transfers: Rates and Fees

One of the greatest features of the Blue Cash from American Express Credit Card is the 4.99% APR balance transfer offer for the life of the balance.

That means you can enjoy that low 4.99% interest rate on your credit card balance whether it takes you six months or six years to pay off.

There are a few things prospective American Express Blue Cash applicants should know about the balance transfer offer, however.

Blue Cash from American Express Balance Transfer Fee

The 4.99% APR life-of-balance balance transfer offer with Blue Cash does come with a transaction fee. The balance transfer “transaction” fee is equal to 3% of the transfer, with a minimum of $5 and a maximum of $99. These fees are considered finance charges and, as such, you will be charged the regular APR on these balance transfer fees.

Another important point about the Blue Cash balance transfer offer is that you must apply for the balance transfer at the same time you apply for the credit card to take advantage of the 4.99% rate.

And, as with all balance transfers, remember that your payments will be applied to the lower APR transfered balance before any new purchases, which will be at the regular APR. To save the most money on a credit card balance transfer, do not use a new credit card for purchases until all transferred balances are paid off in full.

Apply for Blue Cash from American Express Now »

Read a full review of Blue Cash from American Express