05-06-2012 04:46 PM
so I'm AU for AmEx Gold. I made a single purchase two weeks ago, and went online to see when the payment due date is. The web site says "Closing Date: May 14, 2012". Does that mean the statement cuts as of May 14, and I have some period of time after that to pay the charge? Or does it mean, "you better pay this off by May 14".
05-06-2012 04:52 PM
05-06-2012 05:10 PM
That means your statement cuts on May 14th. You will have approximately 14 days from the statement close to pay. This date is called the please pay by date. Some suggest that you have until your next statement cuts to pay however I never push those limits with AMEX.
Banks are required to give you 30 days.
05-06-2012 05:16 PM
The "payment due date" on my Gold card was 14 days after the statement date. Once the extended payment option was added to my card the due date was changed to 25 days past the statement date. I assume this change in the due date is as a result of the card no longer being just a charge card.
My understanding is that as long as you pay by the next statement date you won't upset AMEX.
05-06-2012 05:24 PM
05-06-2012 05:45 PM
My Gold card doesn't have a "please pay by date", it has a due date. For the statement that cut on April 15, the due date is May 10. My Green card does have a "please pay by" date that is April 30 for the statement that cut on April 15.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.