Does Amex Blue Cash Have To Be Paid In Full Every Month? (2024)

FAQs

Does Amex Blue Cash Have To Be Paid In Full Every Month? ›

Both the Blue Cash Everyday® Card from American Express and the Blue Cash Preferred® Card from American Express are regular credit cards that don't need to be paid in full each month. Paying in full will help you maximize your savings from rewards, however.

American Express Blue gives you flexibility. You can pay off your balance in full each month. Or pay the minimum amount due and pay the rest back over time.

Each month, you can decide to pay your balance in full, the minimum due, or any amount in between. Any amount not paid in full will incur interest.

Yes, you can carry a balance on most Amex credit cards. These cards require only a monthly minimum payment to keep your account in good standing. Some even offer 0% introductory APRs.

With Plan It, enjoy a fixed monthly fee. You'll know just how much you'll pay each month — see what your American Express installment plan could be with the Plan It calculator. Pay down your purchases over 3, 6 or 12 months. Simply log in to your Online Services account or mobile app to create a plan.

American Express may also suspend your ability to make charges or cancel your account for failing to pay off the “Pay In Full” balance on your billing statement by the due date. American Express can take these actions at their own discretion (see Rates & Fees).

The Amex Blue Cash Everyday minimum payment is the higher of: 1% of the statement balance, plus fees, past-due amounts, and interest. 2% of the new balance, plus fees and past-due amounts. $40.

If you only make the minimum payment, you will also likely incur interest charges that you could otherwise avoid by paying your statement balance in full.

The main reason for the high cost of Amex cards is that many American Express credit cards offer generous rewards rates and high-end perks, which justify the high annual fees.

You can expect to receive your statement approximately every 30 days. Your statement will include your Payment Due Date for that month. Keep in mind that while your statement dates can vary slightly from month to month, your Payment Due Date will remain the same.

Is Amex Blue Cash Everyday hard to get? ›

You'll need a good to excellent credit score (670 to 850) to have the best odds of approval for the Blue Cash Everyday.

The Amex Blue Cash Everyday has no disclosed minimum income requirement. However, as with any credit card, you will need to have sufficient income to afford payments. When applying, your total annual income may include wages, retirement income, rental properties and other personal income you can rely upon.

At-A-Glance

Earn 3% cash back on essentials spending at U.S. supermarkets, U.S. gas stations, and U.S. online retailers (on up to $6,000 in purchases per spending category, per year). With no annual fee,¹ the Blue Cash Everyday Card can help you can make the most out of everyday spending.

Each month, you can decide to pay your balance in full, the minimum due, or any amount in between. Any amount not paid in full will incur interest.

With Split, you can split pending or posted purchases that are made with your eligible Card in your Amex App. Once you select a purchase to Split, select the contacts you want to request to Split with.

Paying your credit card early could reduce your credit utilization and lower your credit score. Utilization and payment history are primary factors in calculating your FICO Score. Paying early can impact both areas.

Yes, the Blue Cash Everyday® Card from American Express does have a late fee of up to $40, which applies when cardholders don't make the minimum payment by the due date. The late fee for the Amex Blue Cash Everyday card can never exceed the minimum payment amount, though, thanks to the CARD Act of 2009.

The fee is typically charged in full when you open your account and then once a year in your anniversary month, though a few cards will divide the fee into installments and collect it monthly.

The Blue Cash Everyday® Card from American Express offers good, relevant cash-back rewards that could match your needs if your spending at U.S. supermarkets isn't high enough to justify applying for the Blue Cash Preferred® Card from American Express — or if you're looking to earn solid rewards on gas and online ...

Bankrate's take: As of late 2018, The Blue from American Express card has been discontinued. Fortunately, Amex offers several other valuable no-annual-fee cards that can fill that gap, like the Amex EveryDay® Credit Card.