How do I set up Blue Cash Preferred automatic payments?

To set up American Express AutoPay, log in to an Amex account and click Payments in the blue navigation bar. Then, select Manage AutoPay and customize the monthly payment amount by deciding whether to pay the total new balance, minimum due, or a fixed amount. The total new balance is equivalent to paying the … read full answerstatement balance.

Next, enroll a new bank account or choose an already-enrolled bank account to link with your American Express credit card account. For this, you’ll need the bank account routing number, as well as the account number from which you wish to make payments. There will also be an option to set a payment date. The payment date can be changed every three months.

You can always go back and edit the settings later if you change your mind about how you’d like to pay. After you’ve adjusted the settings, it’s important to remember that it may take a billing cycle for AutoPay to start. You’ll need to continue making payments normally until that happens­­. If you forget, you’ll get hit with a late fee and possibly a reduced credit score.

The purpose of AutoPay is to remove the need for Amex customers to remember billing cycle due dates. Note, however, that only primary cardholders can enroll in AutoPay. In addition, setting up AutoPay doesn’t mean that you should stop looking at credit card statements. You’ll want to keep an eye out for fraud, and you’ll also want to know what your total balance is if you’ve chosen to pay less than your statement balance each month.

You don’t have to pay off all American Express cards every month. Most Amex credit cards allow you to carry a balance from month to month, requiring only a monthly minimum payment to keep your account in good standing. That’s the case with the Blue Cash Preferred® Card from American Express… read full answer and Blue Cash Everyday® Card from American Express, for example, as well as The Amex EveryDay® Credit Card from American Express and others. Some even offer 0% introductory APRs.

On the other hand, you do have to pay some American Express cards in full every month. That includes The Platinum Card® from American Express, American Express® Gold Card and American Express® Green Card. But there are exceptions. If you have one of those cards and use it responsibly, American Express may offer to let you pay for certain purchases over time. Interest will apply to such purchases, though, at a rate that won’t be disclosed until Amex extends an offer.

You can check out WalletHub’s review of the best American Express credit cards to find a good option for carrying a balance. Just don’t expect to find a low regular APR. American Express credit cards are known more for rewards than low rates.

There is no way to know how high American Express credit limits are. You won’t know your American Express credit limit until you’re approved for an account. American Express does not disclose a minimum credit limit in their cards’ terms and conditions, unlike some other major issuers. All Amex says is that your credit limit depends on your credit history, debt level, income, and payment history on other American Express cards.… read full answer

One way to estimate what credit limit you might get on an American Express card is to read customer reviews of the card. People will often post what limit they received, sometimes with their credit score and income. But you should take any of these numbers with a grain of salt. Just because someone with a similar credit score or income got a certain limit, it doesn’t mean you will, too.