What happens if I pay only the minimum amount due on my credit card?
Neena Gopalan
Asked 4 Jun 2026
25
I cannot pay the full outstanding amount this month. What are the financial consequences if I pay only the minimum due on my American Express credit card?
1 Answer
Accepted
7
Girish Sarangi·10 Mar 2026
I've held this card for 3 years. Quick reality check: the welcome benefit is good, the first-year fee waiver is easy, but from year 2 onwards you really have to work for the milestone benefits. Don't keep it if your monthly spend drops below the milestone threshold.
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