AMEX frowns on multiple payments???

[Anonymous]

Congratulations on your recent approval!  Good question, and something I learned from - - - Thank you!

[A1Credit]

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@HeavenOhio wrote:

You'll be unrestricted 30 days after setting up your payment account. You should only have to jump hoops if you need to exceed their restrictions during that time. You shouldn't have to push payments for "the first few months" unless that's what you prefer to do.

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Thanks for the input.  I guess I am trying to play it safe with AMEX.  I want to be very good to them in hopes that they will be good to me in return. LOL

[QCS123]

I opened an AMEX BCE on Jan 3.  The statement closing date is the 16th.  I was able to set up a payment account and make a payment on the 21st, but it will not let me make any further payments.  Sounds like after the 3rd I'll be able to make another online payment?  I do have a balance that I'd like to pay.  Am I understanding that on the 3rd (my due by date) my first statement will cut and I'll be able to pay the balance and that the current balance amount on my AMEX will not report to the credit bureaus?  I want to keep my ulilization % low.

I understand I can do a "push" payment, but I'm trying to understand how AMEX works.

I have a small credit limit $1K, but have already used it quite a bit ($600, already paid off) and now $800 waiting to be paid. We are trying for regular sizable usage and $0 balance on due dates to hope and get the CL large over the next 12 months.

[Anonymous]

I was approved for BCE in November 2017 with a limit lower than $1000, as I was one of those approved with a $500 limit.  I set up my payment info immediately, and I made multiple payments prior to my first statement.  I earned over $16+ cash back on my first month's spending.  I never pushed a single payment.  So, is it possible?  Yes.  I did the same thing the second month too and received 3x cli on day 61.  YMMV.

I made 7 payments during my first billing cycle.

[SomewhereIn505]

I have yet to meet a creditor whom is not willing to take money (*cough* payment) from me.

Like @Total80sKid said, it’s not that hard. Just call in. If your making another payment, your likely a swipper - someone whom is using their card a lot, and AmEx like that (and the fact your paying!). Stop stressing about it. It’s going to be fine. 

[SouthJamaica]

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wrote:

I'm looking for a little info regarding this since I was recently approved for an AMEX card with a SL of only $1000.  Obviously $1000 is rather low and does not allow for much spending power.  With that in mind, I planned to use it and make payments frequently to continue to have available credit.  Is this frowned upon and will raise suspicion from AMEX?

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No it's not frowned upon and will not raise suspicion.

[SouthJamaica]

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wrote:

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@UpperNwGuy wrote:

Amex wants you to make only one payment per billing cycle when your card is new.  After a while you can pay more than once a billing cycle.  There are several threads about this topic.

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Thanks for the response.  That sucks especially since I want to maximize my reward points. 

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You can make as many payments as you like. Just, during the first month or two, you may have to 'push' them (i.e. just send the payments) rather than 'pull' them (make them electronically on the Amex site).

[AverageJoesCredit]

Normally the first month or 2 dont report to Bureau anyway. But i like establishing my pif with them on my second go around. I like that now if i make a payment on site its almost instant and reflects very fast in available credit

[Anonymous]

From my understanding with talking with them,  during the first 30 days after you add your bank acct you can only make 1 payment. After that you can make payments daily if you want,  the 30 days is for them to verify the bank like make sure it’s a legit acct and funds there,   I have 4 amex cards and 3 bank acts linked to them,  when I added last bank it would only let me make 1 payment to 1 card,  but other banks I can pay all 4 daily, and they could care less as long as they are getting paid

[Shadowfactor]

Considering that Amex introduced a feature called Pay It. Specifically designed for card members who prefer to make multiple payments a month. They allow 5 payments a day.

I don’t think Amex cares at all if you make one payment or 150 payments a month. As long as the bill gets paid and they get the money owed to them.