When Do You Pay Your Amex Charge Card Bill?
Jan 20, 2010, 3:31 pm
#1
Original Poster
Join Date: Oct 2009
Programs: DL DM, SPG Plat, AMEX Centurion (And All That Goes With It)
Posts: 393
When Do You Pay Your Amex Charge Card Bill?
I was wondering when people on here pay their AMEX Charge Card (Green, Gold, Platinum, Centurion) bills? When the bill becomes due, AMEX gives you a pay by date two weeks later. However, the account is not past due for 30 days. I recently learned this, and have waited until a couple days before to pay my AMEX bill. Why? Because my 10k + per month I spend on AMEX is better off sitting in my account than being eagerly transmitted to AMEX (interest, higher avg account balance). Am I the only one who delights in waiting up until the wire? I used to pay my bill the day of, but that never seemed to be appreciated.
Last edited by andrewpartyman; Jan 20, 2010 at 3:40 pm
Jan 20, 2010, 4:02 pm
#2
Join Date: May 2005
Location: Los Angeles, CA
Programs: AA EXP(.96MM), AMEX Platinum, United Premier Silver, Delta Gold, SPG Platinum 50, Hilton Gold VIP
Posts: 1,744
you forgot the Zync card is an official charge card as well... I always pay by the amex due date as I do not want to see "30 days late" on my credit report.
Jan 20, 2010, 4:32 pm
#3
Join Date: Dec 2006
Location: SNA
Programs: Bonvoy LTTE/AMB, AmEx Plat, National EE, WN A-List, CLEAR+, Covid-19
Posts: 4,963
First thing I do on the day my Platinum statement starts anew is go on-line and find out what my "Closing Date" is for this new period, and that's the day I make sure my payment (for the now-currently-due previous bill) goes in by.
The "Due Date" we see on statements is probably a remnant of the days when people only had checks and the Post Office to get their payments in, to ensure it got to AmEx in the mail soon enough.
The "Due Date" we see on statements is probably a remnant of the days when people only had checks and the Post Office to get their payments in, to ensure it got to AmEx in the mail soon enough.
Jan 20, 2010, 4:35 pm
#4
Join Date: Sep 2009
Location: Germany & UK
Posts: 63
Well my German Amex card allegedly allows for 28 days after the statement date..However they are kind enough to grab the cash within a few days of me receiving my statement. I also noticed that recently the month became about 4 days longer! It was odd that this also happened to be when a few extra transactions went through, hence the could grab the cash for them more quickly.
Jan 20, 2010, 5:17 pm
#9
Join Date: Dec 2006
Location: SNA
Programs: Bonvoy LTTE/AMB, AmEx Plat, National EE, WN A-List, CLEAR+, Covid-19
Posts: 4,963
and would rather wait for a receivable to arrive than pulling money out of my accounts unless necessary.
Jan 20, 2010, 5:50 pm
#10
Join Date: Aug 2005
Location: Seattle, WA
Posts: 134
I have the discontinued fidelity amex platinum. It pays via direct debit from my fidelity account on the same day my account closes (e.g. there's no float once the statement closes). The card offers $75 off of the annual fee -- I figure its essentially a wash vs. money market float.
Jan 20, 2010, 8:46 pm
#11
FlyerTalk Evangelist
Join Date: Aug 2005
Location: 40° 41' 45" N - 74° 10' 18" W
Programs: UALCO Holdings General Member
Posts: 18,784
I have gotten emails from Amex saying " Your Payment has not arrived yet" about a week after the listed due date. Im not sure if that is a new thing or not.
Jan 20, 2010, 10:30 pm
#14
Join Date: Jan 2007
Location: London, UK
Programs: BAEC Gold, AA Plat, Starwood Gold, AX Plat, Hertz Gold, Avis Preferred, Star Alliance Gold
Posts: 1,380
I noticed that last year my statement said "Please Pay By". Now that I have a "credit limit" on my Platinum card, the statement clearly says "Due Date".
Jan 20, 2010, 10:43 pm
#15
Join Date: Jul 2008
Location: MSP
Programs: Delta PM, Marriott Plat, Hertz Pres
Posts: 3,649
Plat: instant i get a statement
Delta Reserve: Instant i get a statement (though not always in full, depending on if ive gotten reimbursed for my charges yet cover paying it)
Delta Reserve: Instant i get a statement (though not always in full, depending on if ive gotten reimbursed for my charges yet cover paying it)