What is the American Express Platinum Card® minimum payment?

American Express Platinum Card® minimum payment will be the sum of any payment plan due and your Pay In Full New Balance. Any balance not included in your payment plans will be due in full.

One of the most common Platinum Card® payment plans is the Pay Over Time plan, which allows cardholders to pay eligible charges over time, with interest. You can choose to pay your Pay Over Time balance in full each month, the minimum payment due, or any amount in between.

Your Platinum Card® Pay Over Time minimum payment is the highest of:

• $40
• 2% of the Pay Over Time and/or Cash Advance new balance
• The total calculated through these steps:

1. Subtract the interest charged on the billing statement from the Pay Over Time and/or Cash Advance New Balance to calculate the Amount needed in the following steps;
2. Calculate the sum of 1% of the Amount from $0 to $20,000; 2% of the Amount from $20,000.01 through $35,000; 5% of the Amount above $35,000;
3. Divide the sum from step 2 by the Amount and round to four decimals;
4. Multiply by the Amount;
5. Add the interest charged on the billing statement.

Any balance not included in your payment plan will be due in full. American Express will charge a late fee of $29 the first time you fail to make at least your Platinum Card® minimum payment by the due date. The fee goes up to $40 if there’s another late payment in the following six billing periods. Also, you may lose any reward points earned during the billing period. (see Rates & Fees)