Regular Contributor
Posts: 198
Registered: ‎12-12-2007

New to AMEX

I have a Zync card and my closing date is Sept 20.  Should I pay my balance before the 20th or wait until the due date?

Seeing that this is a charge card and there is no CL reported to the CB, hence not affecting my scores, am I right?


Frequent Contributor
Posts: 449
Registered: ‎06-08-2008

Re: New to AMEX



I got a Zync card about 6 weeks ago and bought about 600 of stuff the first month.


I paid the balance 2 days before the due date but after the statement cut so I had a zero balance on the due date.  I pulled my EX report from their site and AMEX was correctly showing a zero balance because I paid it off and in the "old days" none of my AMEX cards ever reported a balance that I remember.  


But I pulled a TU FICO report and TU is showing the $600 OUTSTANDING balance (even thought it is zero) so my score went down due to utilization by 2 points.


Go figure.



Regular Contributor
Posts: 198
Registered: ‎12-12-2007

Re: New to AMEX

What other AMEX cards do you have?  This is my first one and  I'm thinking of getting one of their credit cards.

Mega Contributor
Posts: 16,869
Registered: ‎10-23-2007

Re: New to AMEX

I would just pay the charge card after the statement, only TU gets the util thing wrong, all your other reports will not be effected by a balance on a charge card.  I would wait 6 months from having Zync to apply for an amex credit card, and charge as much as you can on the zync in those 6 months to show amex you deserve a credit card and you need a nice limit to keep up with your spending habits

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200

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