topic Re: Amex PRG question in Credit Cards

Amex PRG question

red259 — Sun, 25 Jan 2015 03:15:24 GMT

Well this is an interesting situation. Closed my PRG account after the first year, but the AF had already posted. I have an outstanding balance on the card that needs to be paid off. I got credited back the $175 AF. Now here is the kicker. They credited me with the AF twice so I got a $350 credit. against my outstanding balance. Since the card is cancelled I guess I will just pay the new balance due and leave it at that?

Re: Amex PRG question

kdm31091 — Sun, 25 Jan 2015 03:18:07 GMT

That's what I would do, yeah. I wouldn't make any big fuss or draw extra attention, since it's closed anyway....I'd just pay it and move on

Re: Amex PRG question

Anonymous — Sun, 25 Jan 2015 03:21:08 GMT

@red259 wrote:
Well this is an interesting situation. Closed my PRG account after the first year, but the AF had already posted. I have an outstanding balance on the card that needs to be paid off. I got credited back the $175 AF. Now here is the kicker. They credited me with the AF twice so I got a $350 credit. against my outstanding balance. Since the card is cancelled I guess I will just pay the new balance due and leave it at that?

I've heard of a signup bonus, but this is the first time I've ever heard of a closing bonus!

Re: Amex PRG question

Anonymous — Sun, 25 Jan 2015 03:23:14 GMT

I would just pay the balance and move on. AMEX wouldn't hear a peep from me.

Re: Amex PRG question

Jaylima91 — Sun, 25 Jan 2015 13:55:54 GMT

Your responsibility as a card holder with any banking institution or any bill in general is to make sure the BALANCE is paid off. They made a mistake and credited you more than what was supposed to, that's not your responsibility, that's theirs. Just pay the balance and you'll be fine. I hope lol

Re: Amex PRG question

creditconcept — Sun, 25 Jan 2015 16:33:53 GMT

Watch Amex CEO be a member on this forum

Re: Amex PRG question

Anonymous — Sun, 25 Jan 2015 17:00:08 GMT

I personally would be worried about karma ... That b gets you back every single time .

Re: Amex PRG question

Anonymous — Sun, 25 Jan 2015 17:01:31 GMT

Just pay what they say you owe and check up on it every couple weeks for the next couple of months.

Re: Amex PRG question

NRB525 — Sun, 25 Jan 2015 17:24:52 GMT

@Anonymous wrote:
Just pay what they say you owe and check up on it every couple weeks for the next couple of months.

+1, and +1 next month, and +1 every month for a while.

This kind of mistake can easily be caught by their reconciliation department. If you only pay the displayed net remaining balance, and they come back in March and remove the $175, and you are NOT watching it, then you have an open balance that needs to be paid, and a late, and it becomes not quite such a good bonus.

So I would pay the amount you actually owe, exclusive of the $175 you think is a mistake. Let the credit sit on the account. Leave the account unhidden in your AMEX on-line display. If they don't pick it up after a while, you can ask for a statement credit transfer or a check.

But I tend to think they will be taking this back.

Re: Amex PRG question

Anonymous — Sun, 25 Jan 2015 21:54:35 GMT

@Anonymous wrote:
I personally would be worried about karma ... That b gets you back every single time .

No it doesn't! History is full of very evil people who lived happy long lives and good people who had horrible ends. "Karma" is just a way of trying to make people be good.

Re: Amex PRG question

red259 — Sun, 25 Jan 2015 23:37:20 GMT

@NRB525 wrote:
@Anonymous wrote:
Just pay what they say you owe and check up on it every couple weeks for the next couple of months.
+1, and +1 next month, and +1 every month for a while.

This kind of mistake can easily be caught by their reconciliation department. If you only pay the displayed net remaining balance, and they come back in March and remove the $175, and you are NOT watching it, then you have an open balance that needs to be paid, and a late, and it becomes not quite such a good bonus.

So I would pay the amount you actually owe, exclusive of the $175 you think is a mistake. Let the credit sit on the account. Leave the account unhidden in your AMEX on-line display. If they don't pick it up after a while, you can ask for a statement credit transfer or a check.

But I tend to think they will be taking this back.

Well, I'm not doing that. I paid the amount they said was due and will monitor the account for the next cycle or two.

Re: Amex PRG question

red259 — Sun, 25 Jan 2015 23:38:45 GMT

@Anonymous wrote:
I personally would be worried about karma ... That b gets you back every single time .

If there is such a thing as karma then this would be a drop in the buckety compared to all the hardships I have had to endure.

Re: Amex PRG question

Anonymous — Mon, 26 Jan 2015 02:39:41 GMT

Listen, your a business man who's really bad in math. Just pay the statement balance.

Re: Amex PRG question

stagefoursurvivor — Mon, 26 Jan 2015 18:22:09 GMT

@Anonymous wrote:
@Anonymous wrote:
I personally would be worried about karma ... That b gets you back every single time .
No it doesn't! History is full of very evil people who lived happy long lives and good people who had horrible ends. "Karma" is just a way of trying to make people be good.

True, I'm one of the most vile people you could imagine and yet, I survived stage4 lc for over 15 years!

Re: Amex PRG question

Anonymous — Mon, 26 Jan 2015 18:45:17 GMT

@red259 wrote:
@Anonymous wrote:
I personally would be worried about karma ... That b gets you back every single time .
If there is such a thing as karma then this would be a drop in the buckety compared to all the hardships I have had to endure.

And if there's bad karma, then there must be good karma so who's to say you didn't deserve a bit of good karma in the form of an extra $175?

Re: Amex PRG question

Anonymous — Mon, 26 Jan 2015 19:12:16 GMT

Iv experienced bad and good karma numerous times in my life . What goes around happenes to come around more often than not . Good karma would be returning the money and getting a raise from your job or winning $200 on a scratch off or something like that .

Re: Amex PRG question

Anonymous — Mon, 26 Jan 2015 23:16:22 GMT

@Anonymous wrote:
Iv experienced bad and good karma numerous times in my life . What goes around happenes to come around more often than not . Good karma would be returning the money and getting a raise from your job or winning $200 on a scratch off or something like that .

OK, very off topic, but from another view you haven't experienced karma. You've experienced good and bad THINGS. You may have done good and bad things. The correlation is in your mind. If ONLY good things happened to good people, and bad things to bad people, then you might have a point, but that clearly isn't the case, certainly not "more often than not".

Re: Amex PRG question

red259 — Mon, 26 Jan 2015 23:18:02 GMT

@Anonymous wrote:
@Anonymous wrote:
Iv experienced bad and good karma numerous times in my life . What goes aroundhappenes to come around more often than not . Good karma would be returning the money and getting a raise from your job or winning $200 on a scratch off or something like that .
OK, very off topic, but from another view you haven't experienced karma. You've experienced good and bad THINGS. You may have done good and bad things. The correlation is in your mind. If ONLY good things happened to good people, and bad things to bad people, then you might have a point, but that clearly isn't the case, certainly not "more often than not".

Ok, let's not get into this discussion as I can already feel the headache coming on as I try to unravel the meaning behind the universe!

Re: Amex PRG question

red259 — Mon, 26 Jan 2015 23:35:32 GMT

It looks like amex went back into my account a few days later and reassessed the AF, which is a pain now because I had already sent a full payment in. It looks like the fee is applied to the current billing cycle so I will have another month to pay it.

Re: Amex PRG question

Fico2Go — Tue, 27 Jan 2015 02:50:18 GMT

@red259 wrote:
It looks like amex went back into my account a few days later and reassessed the AF, which is a pain now because I had already sent a full payment in. It looks like the fee is applied to the current billing cycle so I will have another month to pay it.

I was glad to see the $175 AF credited to my account. Problem now is I had forgotten about a $200 refund which is scheduled to arrive in my closed PRG account.

Any has experience receiving a credit into a closed account?