Re: AMEX charge due date

Open123 · ‎04-22-2012

For charge cards, it's always net 30.

The due date is the latest date to assure they receive payment if you sent it by postal mail. It isn't actually the due date where if you would be assessed a late fee if you didn't pay. That date is the next closing date, which is the actual date when you're officially late and fees may be assessed.

afbar1114 · ‎04-22-2012

@tsquad131 wrote:
from all the terms ive read in every credit card agreement when applying for cards it says AT LEAST 21 days from the time the statement is mailed until the total minimum payment is due. every bank has to be at least 21 days, amex is 25 days from when i read mine for bce

i wasnt asking about credit cards. i was asking about charge cards

AMEX PRG; AMEX EveryDay $14,800; Freedom $6k; Sapphire $7k; IHG Select $5k; Discover $2,400; BofA Better Balance $9,100; Bank Americard $5,900; Citi DC $2,700; Citi Diamond $2,500; BestBuy $20,000; Amazon Prime $5k, United Club $15,000; Home Depot $20,000; Barclays $7,500

Total Credit Limits: $122,650

afbar1114 · ‎04-23-2012

any one else run into this issue

AMEX PRG; AMEX EveryDay $14,800; Freedom $6k; Sapphire $7k; IHG Select $5k; Discover $2,400; BofA Better Balance $9,100; Bank Americard $5,900; Citi DC $2,700; Citi Diamond $2,500; BestBuy $20,000; Amazon Prime $5k, United Club $15,000; Home Depot $20,000; Barclays $7,500

Total Credit Limits: $122,650

Walt_K · ‎04-23-2012

I hadn't thought about it before, but Open's explanation sounds reasonable. I have heard that Amex's true due date isn't until the next statement close date. I believe my statement close date is the same every month, so perhaps they have determined that they are complying because the real due date is the statement close date for the following month.

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Brian_Trying_700 · ‎04-23-2012

One thing I do on all of my CC's is post a week before cut date on a spread sheet. All of my cards are paid before they cut.

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?

afbar1114 · ‎04-23-2012

My statements between the 6-8 of each month. Amex said as its not a real credit card but a charge card that the card act does not apply

AMEX PRG; AMEX EveryDay $14,800; Freedom $6k; Sapphire $7k; IHG Select $5k; Discover $2,400; BofA Better Balance $9,100; Bank Americard $5,900; Citi DC $2,700; Citi Diamond $2,500; BestBuy $20,000; Amazon Prime $5k, United Club $15,000; Home Depot $20,000; Barclays $7,500

Total Credit Limits: $122,650

Anonymous · ‎04-23-2012

My card's suggested pay date is almost always the 3rd, but the statement cuts on various days. You have until the next statement cuts to pay anyway, so the suggested date doesn't really matter. If you turn on autopay, it will pay on the suggested date though.

LS2982 · ‎04-23-2012

Is this considered the due date or is there a different due date?

EQ FICO 548 3/3/16

Anonymous · ‎04-23-2012

That date they give for charge cards is merely a suggestion. Payments are not considered late unless it has not been received by the time the next statement cuts.

Anonymous · ‎04-23-2012

Also, if you enable AutoPay, it will pay on that date.

AMEX charge due date