topic Statement closing date on a new amex charge card in Credit Cards

Statement closing date on a new amex charge card

red259 — Wed, 13 Feb 2019 00:03:00 GMT

I just opened an Amex charge card account and see it lists a closing date just over a month away. Is it safe to rely on this closing date? I need to make large purchases but I don't want to do all of them and suddenly have a statement cut in three days.

Re: Statement closing date on a new amex charge card

Anonymous — Wed, 13 Feb 2019 00:05:23 GMT

its pretty reliable.

Re: Statement closing date on a new amex charge card

simplynoir — Wed, 13 Feb 2019 00:06:34 GMT

@red259 wrote:
I just opened an Amex charge card account and see it lists a closing date just over a month away. Is it safe to rely on this closing date? I need to make large purchases but I don't want to do all of them and suddenly have a statement cut in three days.

Yes, give or take a a day or two it's pretty consistent.

Re: Statement closing date on a new amex charge card

Anonymous — Wed, 13 Feb 2019 01:54:08 GMT

Chat with someone on the website, they can tell you for sure so you don’t have to guess.

Re: Statement closing date on a new amex charge card

NRB525 — Wed, 13 Feb 2019 02:32:11 GMT

You do realize an AMEX charge card is not really going to affect any utilization measures, so there would be not much benefit to paying prior to the statement Payment Due Date.

Re: Statement closing date on a new amex charge card

FinStar — Wed, 13 Feb 2019 04:35:18 GMT

In addition to what's mentioned above, it typically takes up to 2 billing cycles (give or take) for any new AmEx CCs to report, whether it's a revolver or charge card. That's been so far my experience with some that were opened in the last 6 months.

Re: Statement closing date on a new amex charge card

red259 — Wed, 13 Feb 2019 06:05:34 GMT

@NRB525 wrote:
You do realize an AMEX charge card is not really going to affect any utilization measures, so there would be not much benefit to paying prior to the statement Payment Due Date.

I don't care about utilization. I care about when I am going to have to pay the bill because I am doing large purchases and am waiting on vendor payments.

Re: Statement closing date on a new amex charge card

UncleB — Wed, 13 Feb 2019 14:13:12 GMT

@red259 wrote:
@NRB525 wrote:
You do realize an AMEX charge card is not really going to affect any utilization measures, so there would be not much benefit to paying prior to the statement Payment Due Date.
I don't care about utilization. I care about when I am going to have to pay the bill because I am doing large purchases and am waiting on vendor payments.

In that case you need to either chat or call Amex to find out definitively... there's no need to guess when they will be able to tell you for certain.

Re: Statement closing date on a new amex charge card

kdm31091 — Wed, 13 Feb 2019 15:39:04 GMT

Agreed just call/chat and ask....no need to make it more difficult on yourself trying to guess.

Re: Statement closing date on a new amex charge card

Loquat — Thu, 14 Feb 2019 12:12:27 GMT

OP if you go to Statements and Activity within Amex you'll see a closing date somewhere near the mid section to bottom part of the screen. That date is pretty solid...I've never had it change from what was there even on new accounts. Check if you want just to be sure but I think that date is pretty reliable.

Re: Statement closing date on a new amex charge card

Anonymous — Thu, 14 Feb 2019 19:02:14 GMT

Or possibly, if you're waiting on vendor payments to afford the purchase, put it on a credit card rather than a charge. I couldn't tell you how many times "next week" turned into "a few weeks"

If you don't have the money to cover if the statement cuts tomorrow, put it on a credit card and whether they pay on time or 3 weeks late, you'll be good