If you have been thinking about getting an American Express balance transfer card then there are some things you need to know first. You can find them out by reading this article.
American Express Balance Transfer Credit Cards Comparison
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual Fee | Cash Advance Rate (p.a.) | |||
|---|---|---|---|---|---|---|
 ANZ Frequent Flyer |
A great balance transfer offer plus earn 16,000 Bonus Qantas Points. Offer Ends 31 August 2011. | 19.74% | $95 | 20.99% |   |
|
 NAB Qantas Gold Card |
Comes with a Visa and American Express card, both linked to one account and annual fee. No point expiry. | 20.24% | 4.99% for 6 months | $145.50 | 21.74% | |
 ANZ Frequent Flyer Platinum American Express/Visa |
The ANZ Frequent Flyer Platinum Credit Card is like your own personal lifestyle concierge with access to Visa Platinum Concierge and Visa Platinum privileges. | 19.74% | $295 | 20.99% | |
|
 NAB Qantas Platinum Card |
A platinum credit card with a balance transfer offer. | 20.24% | 4.99% for 6 months | $290 | 21.74% | |
 NAB Velocity Standard Card |
Gain velocity reward points and redeem for rewards with a balance transfer offer. | 20.24% | 4.99% for 6 months | $65 | 21.74% | |
 NAB Velocity Gold Card |
A great long term balance transfer offer with velocity reward points. | 20.24% | 4.99% for 6 months | $150 | 21.74% | |
 Westpac Earth Classic |
The Westpac Earth credit card has consistently been one of the best Qantas Frequent Flyer direct earn credit cards in the Australian market. | 19.99% | 0.99% for 6 months | $75 | 21.49% | |
 Westpac Earth Gold Card |
Greater point conversion rates than the Standard Earth card. Complimentary travel insurance and benefits. | 19.99% | 0.99% for 6 months | $125 | 21.49% | |
 Westpac Earth Platinum Cards |
Greater introductory point offers and better conversion rate than Earth Gold. Plenty of travel insurance/benefits. | 19.99% | 0.99% for 6 months | $250 | 21.49% | |
 Westpac Singapore Airlines Gold |
The Singapore Airlines Westpac Gold Card will allow you to maximise your KrisFlyer miles earning potential on your purchases. Also includes complimentary insurance: overseas travel, purchase security, extended warranty insurance cover. | 19.49% | 0.99% for 6 months | $125 | 20.74% | |
 Commonwealth Bank Awards Credit Card |
Earn up to 50,000 points per year.Earn 1.5 Awards points for every $1 spent with a Commonwealth Bank American Express Card. | 20.74% | 5.99% for 5 months | $89 ($59 for qualifying customers) | 21.74% | |
 Commonwealth Bank Gold Awards Credit Card |
A balance transfer offer plus earn 2 Awards points for every $1 spent with a Commonwealth Bank American Express Card. | 20.74% | 5.99% for 5 months | $144 ($114 for qualifying customers) | 21.74% | |
 Commonwealth Bank Platinum Awards Credit Card |
Earn up to 150,000 points per year with a balance transfer offer. | 20.74% | 5.99% for 5 months | $280 ( $250 for qualifying customers) | 21.74% | |
An American Express balance transfer card coupled with a Visa or MasterCard gives you certain options that you simply cannot get with just one card. There are advantages to both credit cards, and by just having one you are really missing the boat.
American Express balance transfer cards
American Express cards have a reputation for having one of the most prestigious rewards programs of any credit card. They are also known for their travel benefits, membership rewards and top service.
The drawback to these cards is that they have only limited acceptance and are harder to get approved for. These cards are perfect for people that spend a lot of money on their card yearly, and do their best to pay off the balance monthly to reduce interest charges so that they can get the most value from their rewards points.
Westpac has introduced the best of two worlds by offering 2 cards with different benefits linked to one account.
The Westpac Altitude Platinum card program gives you a MasterCard along with an American Express card. The MasterCard gives you the flexibility to make purchases where the American Express card is not accepted. The American Express card allows you to earn points and take advantage of exclusive offers available only to their cardholders. This card also offers more points than the MasterCard per dollar spent.
The Westpac MasterCard and American Express balance transfer cards program allows you to transfer a balance and receive a low rate of 1.99% p.a. for nine months on the balance. This gives you a chance to get caught up with your debt by avoiding high interest charges that accumulate every month on your existing card. Features of the MasterCard American Express balance transfer Westpac program include:
- Nine-month balance transfer rate of only 1.99% p.a.
- Cash advance rate of 20.99% p.a.
- Purchase rate of 19.14% p.a.
- Annual fee of $295.
- After your first purchase receive 15,000 Altitude Rewards Points.
Choosing an American Express balance transfer card with a MasterCard gives you the opportunity to pay off your debt, make new purchases and take advantage of special offers from both cards. This is a rare opportunity to take advantage of two cards, while managing only one account.
Posted on Thursday, April 29th, 2010 at 1:12 am
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