Originally Posted by
GetSetJetSet
.... late fee be the penalty?
No, these are separate. One is an automatic penalty if you fail to pay as required. $35 is optional reinstatement fee. It's all here:
https://www.americanexpress.com/cont...03-28-2019.pdf
If we do not receive the Minimum Payment Due by its Payment Due Date, the fee is $27. If this happens again within the next 6 billing periods, the fee is $38. However, the late fee will not exceed the Minimum Payment Due. Paying late may also result in a penalty APR.
If the Minimum Payment Due is not paid by the
Closing Date of the billing period in which it is due,
you will forfeit the Points you received for eligible
purchases during that billing period. For example,
if your billing period closes January 15 and the
minimum payment for that billing period is due on
February 10, and you do not make that minimum
payment due by the close of your next billing period
on February 15, then you will not earn Points for
spend in the billing period ending February 15.
You may reinstate those Points within the next 12
billing periods if your Card Account is not past due
and you pay a $35 fee.