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Established Contributor
Posts: 558
Registered: ‎09-28-2011
0

American Express Grace Periods.

So whats the grace period like on the charge cards my closing date on my gold card is tomorrow.

Transunion - 788 05/16
Experian - 745 05/16
Equifax - 740 05/16
Established Contributor
Posts: 731
Registered: ‎02-15-2012
0

Re: American Express Grace Periods.

There is a "please pay by" date on the statement that is like 15 days after the statement closes, but that is actually just a suggestion.  Payment is not considered late unless it has not been received by the time the next statement closes.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Established Contributor
Posts: 558
Registered: ‎09-28-2011
0

Re: American Express Grace Periods.

ohh i see now should i take that literally? lol

Transunion - 788 05/16
Experian - 745 05/16
Equifax - 740 05/16
Established Contributor
Posts: 731
Registered: ‎02-15-2012
0

Re: American Express Grace Periods.

I don't know if Amex actually cares when you pay during the month.  I use their autopay which makes the payment on the suggestion date.  But I imagine they could look favorably at cardmembers who routinely pay earlier.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Super Contributor
Posts: 9,663
Registered: ‎01-28-2010
0

Re: American Express Grace Periods.

 

 

I believe that you have until 45 days after statement close before you pay any penalities or fees.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX

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