Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007

Payment habits and my Amex charge

Does anyone know if Amex looks unfavorably to paying the bill in chunks versus one lump payment? I've been paying in full each time and have been paying on the day the statement gets cut, but was thinking about paying most of it now (pre-January's statement) with the remainder by the first so as to have a $0 balance on the next statement and not have to worry about it until February (assuming I don't use the card again between now and the 15th statement date).
Regular Contributor
Posts: 194
Registered: ‎09-18-2009

Re: Payment habits and my Amex charge

I'm not sure. When I used Amex almost exclusively I just paid what was due by the recommended due date and didn't worry about it. If they do care how you pay then they're making things WAY more complicated than it needs to be. 
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Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007

Re: Payment habits and my Amex charge

I've done both, and they've never fussed.
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FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
Posts: 989
Registered: ‎05-14-2008

Re: Payment habits and my Amex charge

Hard to say.  From a pure emotional viewpoint I think that paying several times a month looks fishy.  Is the cardholder stretched and working on a cash basis and feels he/she has to pay when they have the money lest they spend it on something else?  In the end it makes no diffference, but no one knows how AMEX's internal systems view multiple payments.  There can be reasons (I guess) for someone wanting to do this, but anything out of the norm always sticks out.  I doubt more than a couple of percent of cardholders make multiple payments during the month, so it is easy for AMEX to target these accounts to see 'wassup'.  Perhaps their studies have shown more problems in these accounts, or not. 


When in doubt I tend to act like the crowd unless you want to stand out.   When it comes to using credit I never want to stick out. 

Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007

Re: Payment habits and my Amex charge

I've had mine for 2 years and I pay it every time it gets up to a certain dollar amount. I've never had any issues with Amex over it.
Here we go again...
Epic Contributor
Posts: 22,062
Registered: ‎10-23-2007

Re: Payment habits and my Amex charge

for the charge card and the internal limits, I have a feeling they see multiple payments from many of there cardholders to be able to continue to have charging power.  I know when we first got our business gold card and we were spending above are internal line, they would call and say if you would like to continue charging, you need to pay at least $ such and such amount and I will unlock your account again.  They never asked for full amount but maybe $700 or $1300 out of a 5k bill or something.
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Established Contributor
Posts: 662
Registered: ‎09-07-2007

Re: Payment habits and my Amex charge

It's been over 2 years since I received my Amex Blue i have been making multiple payment from the beginning. I really don't think about what these banks want to see. I use the cards pay the balance and collect the points.
Advice is what we ask for when we already know the answer but wish we didn't.
Regular Contributor
Posts: 179
Registered: ‎10-21-2008

Re: Payment habits and my Amex charge

I'm just guessing here, but I would think that as long as you're paying in full & on time, Amex won't care about the frequency of your payments.
Regular Contributor
Posts: 165
Registered: ‎03-22-2009

Re: Payment habits and my Amex charge

For AMEX to think that early payments or chunk-based paying is bad, they probably would have some actuarial data that shows people who generally don't pay by AMEX's given pay date and pay erratically early have a tendency to default more than people who just auto-pay and forget about it.



That's a mixed bag .   It could very well be true that people who make multiple payments in a month do pay their bills erratically, including making late payments or defaulting.   It could also very well depend on the debt size more than anything.

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Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008

Re: Payment habits and my Amex charge

IMO, if you "pay in chunks" the best way to do this is on a schedule, say every 2 weeks or 10 days.  This represents a schedule of cashflow and an ability to pay.  If your payments are sporadic and random, this is harder to get it patterned and recognized within any trend.


If you pay every 10 days (1st, 11th, 21st) and pay the current outstanding charges, this will provide an easily recognized pattern.


If you pay on the 1st and 15th, this also is easy to recognize.  It looks like "paying the bills" with you pay checks or cash flow.


IMO, AMEX likes to see patterns and trends.  They do not like haphazard or sporadic, because they can't get a fix on you.  So, whether charging or paying, you are being analyzed, so try to be predictable where you can.


Again, IMO.





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