In certain circumstances, you can defer your minimum credit card payments, often for a short amount of time. Especially during COVID-19, many providers have made it easier to defer your monthly credit card payments, usually for up to 3 months. However, interest will still accrue during this period, and your minimum payment amount may increase after the deferment period. While deferring your credit card payments may seem like an easy solution, be sure to talk to your credit provider to understand the possible ramifications of your choice.