AustraliaChange Country

Understanding Credit Card Repayments

Find out what you need to know about your Credit Card bill and how to manage it.

 

View our full range of Cards-Opening in new window View our full range of Cards
Repayments icon

What are Credit Card repayments?

When your statement arrives, you’ll have a choice of repayment options. You can pay off the entire closing balance on, or before, the statement due date, in which case you’ll avoid paying interest. Or, you can choose to pay your closing balance over time by paying at least the minimum monthly payment amount. This option will mean you will be paying interest.

Dollar icon

What is a minimum repayment?

The minimum amount you have to pay by the payment due date. For American Express® Credit Cards, this is set at 2.5% of your closing balance or $30, whichever is greater. It is not recommended as a long-term solution because if you make only the minimum monthly payment, you will pay more interest and it will take you longer to pay off your balance.

Phone icon

What happens if I’m not able to pay the minimum repayment?

We understand that there are some things in life that are out of your control. If you are experiencing financial difficulty or hardship, we have a dedicated Customer CARE Team that is committed to finding ways to help.

automatic icon

Can I set up an automatic payment plan?

Automatic payment plans are a great way to ensure that you pay your Credit Card bills on time. If you set up a direct debit to automatically pay a certain amount every month, you can have the peace of mind knowing you’ve made your payment. You can also opt-in for SMS or email alerts to remind you that a payment is due.

Log in and set up alerts -Opening in new window Log in and set up alerts
Percentage icon

How will the type of payment I make affect the interest charged?

If you only pay the minimum repayment, you’ll still get charged interest. This will appear on your next statement. If you choose to pay the minimum payment amount for several months and then decide to pay in full, interest will still appear from the previous month’s closing balance. This is known as ‘trailing interest’ and is the amount of interest that accrues between when your Credit Card bill is sent and when payment is received.

Calendar icon

What is a late payment fee?

A Late Payment fee is a fee incurred if you do not pay the minimum payment by the payment due date as indicated on your statement.

Bill icon

Choose how you pay your bill

You have options that will help you make repayments and manage your Credit Card balance effectively. You can choose to pay your bill via the Amex Mobile App, Online Services, Direct Debit, in person, by BPAY® or even by cheque.

Find out more-Opening in new window Find out more

What do you want from a Card?

Everyone’s different, so you need a Card that has benefits that best suit your lifestyle.
Choose the Card with benefits that best suit you.

Rewards

Earn Membership
Rewards points from
everyday spending

Frequent Flyer

Maximise rewards
for every trip

Platinum

Enjoy premium
benefits and service

Balance Transfer

Roll your Card
balances into one

No Annual Fee

Save more with no
annual fee

Live life to the fullest with American Express Membership

As an American Express Card Member, you get to enjoy travel benefits that take you further, points that are more rewarding, and services that open more doors around the world.

Explore here-Opening in same window Explore here

Want to learn more about Credit Cards?

Man and woman at a market

Maximise your Membership

Make sure you’re making the most of your Card benefits

Find out more-Opening in same window Find out more
Woman on a bike ride

Your credit limit

Everything you need to know about your Credit Card limit

Find out more-Opening in same window Find out more
Man and woman at a restaurant

Manage your Account

We’ve made managing your Account super simple

Find out more-Opening in same window Find out more