Amex zeros out a credit balance
#31
Join Date: Sep 2002
Location: LAX
Programs: AA PLT / 2MM
Posts: 2,113
I've observed this too, although in my case I *think* I benefited from it (I definitely noticed the discrepancy anyway, it might even have been in a different state). I would wonder if it was the same national retailer but it was long enough ago that I've forgotten all the details though
#33
Join Date: May 2002
Location: Arizona
Posts: 5,689
NO CHECK IS COMING FROM AMEX IN THE MAIL. I have had credit balances in the past and know what amex writes when they send a check for a credit balance. This is a << A SMALL BALANCE WRITE-ON PURCHASE PRINCIPLE>> That is the wording and no check is coming. Quite frankly I have never heard of a "write-on" just a "write-off"
#34
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
#35
Join Date: Aug 2015
Location: SFO
Programs: AS 75K (OW), SK Silver (*A), UR, MR
Posts: 3,345
The current balance on one of my Amex cards was $6.00 this afternoon. I made a payment of $6.36, and now it’s -$0.36. The monthly cutoff is tomorrow. I don’t think I can sleep tonight!