Amex paid on closing date, what balance reports?

[Anonymous]

If you pay your Amex account on the closing date, does the payment made on the closing date generally get taken into account before your statement balance is arrived at and reported to the bureaus?  I generally pay off my entire balance every month with Amex, usually 2-3 days before the closing date but this month I actually PIF on the closing date, something I have not done prior, so I'm wondering how this will be treated and trying to figure out what balance will get reported.

[Meanmchine]

I guess you'll find out tomorrow

My only exp here was with Cap1

They said that it wiud have normally counted to the currrent month except if when your payment is made the banks are closed like on a Sunday or holiday

Good luckk and I hope it turns out alright

[Schwartzinator]

Should be $0. My closing date was the 28th, made a payment on that date and it reported a zero balance. 

[Anonymous]

Thanks for the replies guys.  Since yesterday was a Sunday we'll see what happens.  It's no big deal really no matter what balance reports, as individual utilization and aggregate utilization will be in the same range regardless.  I've been doing a lot of small-balance testing lately though, like seeing the lowest amount that a creditor will report and if Amex doesn't post my payment in time it just means I missed out on a data point this month with Amex.  Not a huge deal, but for credit heads like us these little things can matter

[Anonymous]

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@Anonymous wrote:

Thanks for the replies guys.  Since yesterday was a Sunday we'll see what happens.  It's no big deal really no matter what balance reports, as individual utilization and aggregate utilization will be in the same range regardless.  I've been doing a lot of small-balance testing lately though, like seeing the lowest amount that a creditor will report and if Amex doesn't post my payment in time it just means I missed out on a data point this month with Amex.  Not a huge deal, but for credit heads like us these little things can matter

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Amex updates available credit immediately after a payment is submitted, so a $0 balance should be reported to the CRAs. 

[NRB525]

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@Anonymous wrote:

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@Anonymous wrote:

Thanks for the replies guys.  Since yesterday was a Sunday we'll see what happens.  It's no big deal really no matter what balance reports, as individual utilization and aggregate utilization will be in the same range regardless.  I've been doing a lot of small-balance testing lately though, like seeing the lowest amount that a creditor will report and if Amex doesn't post my payment in time it just means I missed out on a data point this month with Amex.  Not a huge deal, but for credit heads like us these little things can matter

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Amex updates available credit immediately after a payment is submitted, so a $0 balance should be reported to the CRAs. 

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+1

My experience, with several years history and 5 active AMEX cards, almost as soon as you schedule a payment, it seems they update available credit. Most of mine are on autopay, to a date after the statement date, but when I add a manual scheduled payment I get a notice "we received your payment" even if the schedule payment date is a ways out. 

This I take as an indication of how AMEX trusts customers once a consistent payment pattern is established. 

[Anonymous]

I don't think this is working out in my favor, guys.  It shows my "statement balance" as ~$3000 as of this morning, meaning that it's not taking into account my ~$3000 payment yesterday.  Assuming the statement balance is what gets reported, I'll be reporting a near $3000 balance.  I contacted CS and told them I made a payment ON the closing date.  They said that payments take 1-2 days to process/post.  While my "available credit" has taken into consideration the payment that hasn't posted yet as you guys have said, that doesn't change the statement balance it seems.  The payment will probably post later today or early tomorrow and I of course don't expect the statement balance to change; I sort of think it is what it is.  I'll report back on this in a couple of days, but it looks like my $3k balance is going to be reported.

[Subexistence]

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@Anonymous wrote:

I don't think this is working out in my favor, guys.  It shows my "statement balance" as ~$3000 as of this morning, meaning that it's not taking into account my ~$3000 payment yesterday.  Assuming the statement balance is what gets reported, I'll be reporting a near $3000 balance.  I contacted CS and told them I made a payment ON the closing date.  They said that payments take 1-2 days to process/post.  While my "available credit" has taken into consideration the payment that hasn't posted yet as you guys have said, that doesn't change the statement balance it seems.  The payment will probably post later today or early tomorrow and I of course don't expect the statement balance to change; I sort of think it is what it is.  I'll report back on this in a couple of days, but it looks like my $3k balance is going to be reported.

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This was my experience too.

[Anonymous]

OP - I made a $645 payment on my Hilton ON the closing date and my balance on the statement shows $0 (and shows the payment made) as i paid in full.  Keep us updated!

[Anonymous]

BBS any time I make a payment on the closing date it reports as $0