Chip Lupo, Credit Card Writer
@CLoop
The Blue Cash Preferred minimum payment is 1% - 2% of the statement balance, plus fees and interest, or $40 – whichever is higher. The minimum amount due on your Blue Cash Preferred account will always be listed on your monthly statement.
Blue Cash Preferred Minimum Payment Scenarios
- 1% of the statement balance (not counting any interest, fees, overlimit amounts, or plan balances) plus any interest charged on the monthly billing statement
- 2% of the statement balance (not counting any penalty fees, overlimit amounts, or plan balances)
- $40
Once the highest amount is determined from those options, Amex will then add any penalty fees listed on the billing statement, along with up to 1/24th of any overlimit amount, any plan payment due, and any amount past due.
The minimum payment is the smallest amount you’re required to pay by the due date to keep your Blue Cash Preferred account in good standing. To avoid costly interest charges, you’ll want to pay your balance in full each month rather than just the minimum. (see Rates & Fees).
Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
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