I am looking to move some of my margin loan of high interest to Amex personal loan, amex is offering me 7.5% APR for 60 months. I am wondering if this is a good deal or should I do more research. Personal Loan of 50K 7.5 APR byu/AdOk2851 inpersonalfinance Posted by AdOk2851
deersindal on April 15, 2026 1:45 am Sounds reasonable for a personal loan. It’s not really a “good” rate to have, and you should try to pay it off early. Ultimately, if it’s a lower rate than your current debt you’ll be saving money.
apathy_31 on April 15, 2026 1:53 am $50k at 7.5% with instant approval is amazing, if used wisely. That’s a big if. Use as a liquidity bridge and nothing more. I’ve done two of these in the past with Amex and it’s been a great experience.
3 Comments
Sounds reasonable for a personal loan.
It’s not really a “good” rate to have, and you should try to pay it off early.
Ultimately, if it’s a lower rate than your current debt you’ll be saving money.
For a personal Non- collateralized loan, seems really good..
$50k at 7.5% with instant approval is amazing, if used wisely. That’s a big if. Use as a liquidity bridge and nothing more.
I’ve done two of these in the past with Amex and it’s been a great experience.