AMEX - If you clear minimum payment but get charged interest - does this affect your credit status? - HotUKDeals
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AMEX - If you clear minimum payment but get charged interest - does this affect your credit status?

hizdubomb Avatar
2y, 1m agoPosted 2 years, 1 month ago
Evening all

I have a Amex card BA - each month I clear my statement in full but this month I won't be able to.

I am able to clear the minimum payment no problem - which will leave me with an outstanding balance to clear with interest charged

I just wanted to know if being charged interest on this out standing balance will affect my credit status?

Regards

Hiren P
hizdubomb Avatar
2y, 1m agoPosted 2 years, 1 month ago
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Responses/page:
#1
I don't think it does, it would only be if you missed paying the minimum payment by the due date that it would flag up on your credit file.
#2
Afaik, if you are paying the minimum required they have no cause to update your credit worthiness.
#3
is it a charge card?
#4
Nope. You're safe. Just make the minimum payment and there is nothing to worry over.
#5
I think they can see the history of your balance so would know you normally paid in full and hadn't that month. Afaik it only puts a "mark" on your file if you miss a payment.
#6
Thanks all for info

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