Chip Lupo, Credit Card Writer
@CLoop
No, American Express Blue Cash credit cards do not have to be paid in full every month. Cardholders with a Blue Cash Preferred® Card from American Express or a Blue Cash Everyday® Card from American Express are only required to pay off a small percentage of their balance each month.
Amex Blue Cash Everyday offers an introductory APR of 0% for 15 months on purchases, and Blue Cash Preferred comes with an intro rate of 0% for 12 months on purchases. When the introductory period ends, it would be a good idea to pay off your full balance each month (even though it’s not required) because doing so will save you from interest charges. Interest charges could cost you more than rewards from either card end up saving you, as both cards APRs are 19.74% to 28.74% (V) depending on creditworthiness.
To learn more about American Express Blue Cash credit cards, check out WalletHub’s full reviews for Blue Cash Preferred and Amex Blue Cash Everyday. You can also refer to WalletHub’s comparison page to see how these two cards stack up against each other.
Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
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Do you have to pay off an American Express card every month?
No, 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. However, there are some Amex cards that require you to pay your full balance each month.
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read full answer by WalletHub, Financial CompanyWhat is the Blue Cash Preferred Card minimum payment?
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...
What is the Blue Cash Everyday minimum payment?
The Amex Blue Cash Everyday minimum payment is 1% - 2% of the statement balance, plus fees and interest, or $40 – whichever is higher. The minimum amount due on your Amex Blue Cash Everyday account will always be listed on your monthly statement.
Amex Blue Cash Everyday 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...
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