Qualifications for Amex Blue
You’ll need a credit score of at least 700 to qualify for the Blue from American Express. This isn’t a card for applicants with poor credit scores.
Payment Options and Minimum Payments
With a traditional credit card like the Blue Cash Everyday or the Blue Cash Preferred from American Express, you can either pay off your monthly balance in full or pay it over time. But with charge cards, your balance is typically due in full every month.
Minimum Payment Details
The minimum payment on your Amex Blue will be the greater of: full interest owed plus 1% of the principle owed, or $40. Failing to make minimums risks penalties, canceled accounts and harming credit. But paying only minimums causes substantial interest charges over time.
Rewards and Redemption
The Blue from American Express earns Membership Rewards points on every purchase. Travel redemptions are the obvious top choice when it comes to using your rewards.