topic Re: Amex bill pay in Credit Cards

Amex bill pay

FreedomHammer — Mon, 19 Jul 2021 16:10:14 GMT

New account BCE. CLI $1000.

My statement doesn't cut until Aug. 10.

Balance $504.

Can I pay with my bank via bill pay (push a payment) only a week into the first cycle to minimize my balance?

Will they accept a bill pay this early in the first month before the statement even cut?

Re: Amex bill pay

SoCalGardener — Mon, 19 Jul 2021 16:57:25 GMT

@FreedomHammer wrote:
New account BCE. CLI $1000.

My statement doesn't cut until Aug. 10.

Balance $504.

Can I pay with my bank via bill pay (push a payment) only a week into the first cycle to minimize my balance?

Will they accept a bill pay this early in the first month before the statement even cut?

I'm not aware of any reason NOT to do this. As long as you're not overpaying the amount (leaving a negative balance), there shouldn't be a problem.

Re: Amex bill pay

FreedomHammer — Mon, 19 Jul 2021 17:58:28 GMT

Even with a new account? Fingers crossed

Re: Amex bill pay

Anonymous — Mon, 19 Jul 2021 18:08:26 GMT

@FreedomHammer wrote:
New account BCE. CLI $1000.

My statement doesn't cut until Aug. 10.

Balance $504.

Can I pay with my bank via bill pay (push a payment) only a week into the first cycle to minimize my balance?

Will they accept a bill pay this early in the first month before the statement even cut?

@FreedomHammer In an earlier thread the suggestion was made to pay by phone. I'm curious why you wouldn't go that route.

Re: Amex bill pay

FreedomHammer — Mon, 19 Jul 2021 18:25:40 GMT

Because when I spoke to customer service this morning, they said I cannot make a payment until the first statement cuts.

Re: Amex bill pay

Remedios — Mon, 19 Jul 2021 18:29:52 GMT

@FreedomHammer wrote:
New account BCE. CLI $1000.

My statement doesn't cut until Aug. 10.

Balance $504.

Can I pay with my bank via bill pay (push a payment) only a week into the first cycle to minimize my balance?

Will they accept a bill pay this early in the first month before the statement even cut?

Yes, you can push a payment.

It's been a while, so forgive me if I'm wrong, but the initial restriction is one payment in the first 30 days.

If you haven't made any payments, I really don't see what the issue is.

Re: Amex bill pay

coldfusion — Mon, 19 Jul 2021 18:45:49 GMT

@Remedios wrote:
@FreedomHammer wrote:
New account BCE. CLI $1000.

My statement doesn't cut until Aug. 10.

Balance $504.

Can I pay with my bank via bill pay (push a payment) only a week into the first cycle to minimize my balance?

Will they accept a bill pay this early in the first month before the statement even cut?
Yes, you can push a payment.

It's been a while, so forgive me if I'm wrong, but the initial restriction is one payment in the first 30 days.
If you haven't made any payments, I really don't see what the issue is.

If you're wrong it's because they changed the rules of the game without telling either of us.

Re: Amex bill pay

simplynoir — Mon, 19 Jul 2021 19:27:18 GMT

@Remedios wrote:
@FreedomHammer wrote:
New account BCE. CLI $1000.

My statement doesn't cut until Aug. 10.

Balance $504.

Can I pay with my bank via bill pay (push a payment) only a week into the first cycle to minimize my balance?

Will they accept a bill pay this early in the first month before the statement even cut?
Yes, you can push a payment.

It's been a while, so forgive me if I'm wrong, but the initial restriction is one payment in the first 30 days.
If you haven't made any payments, I really don't see what the issue is.

Yeah, I believe this is for every new account payment you add. So if someone were to add another checking/savings/etc account you can only make one payment with that account within the first 30 days as a sort of probabtionary period

Re: Amex bill pay

HeavenOhio — Mon, 19 Jul 2021 23:24:04 GMT

The restriction is that you're limited to one prepayment, i.e. one payment beyond what one's statement balance calls for. If you have a statement balance, you can use as many payments as you like to pay that balance.

Re: Amex bill pay

Mischa — Tue, 20 Jul 2021 01:36:01 GMT

That's odd. I got my BCP at the end of June (I think first statement will cut 6/27) and I've always had the option to make a payment. I just made one last week. I didn't push it from my bank either, just entered my bank info like normal on the app and it was credited instantly.

It also still gives me the option. I just checked again. Which is good cuz I plan to make another before my statement cuts. I've read about this before, only 1 payment or no payments before first statement but that hasn't been my situation at all.....