@Anonymous wrote:I had an American Express platinum since 2018, I spent about 400k on it in the 4 years I had it, I never missed a single payment. I had a few returned payments due to me being lazy and not transferring money to the proper account on time, this caused me to receive a pre set limit. In 2020, fast forward too late 2021 I had another returned payment and they canceled my card.
I have never missed a payment and I paid off the entire balance on the card after it was canceled. I tried to apply for another American Express card the day after I cleared the balance and I have no hard pull on my credit.
How long will I be black listed for something like this?
Sorry to hear the AMEX got closed.
Which other credit cards do you have, and have any of them had these un-funded, returned payments?
And just to be clear, yes you did miss payments. They aren't 30-day lates, but the Payment Due Date was missed. In credit, the only absolute is to never miss paying ( with actual transferring cash ) at least the minimum payment by the payment due date. So one option to consider is setting up autopay, for the minimum payment ( which the bank will calculate ) from a checking account you know will always have sufficient funds. Then make whatever full payment timing you want around that.
@Anonymous wrote:I had an American Express platinum since 2018, I spent about 400k on it in the 4 years I had it, I never missed a single payment. I had a few returned payments due to me being lazy and not transferring money to the proper account on time, this caused me to receive a pre set limit. In 2020, fast forward too late 2021 I had another returned payment and they canceled my card.
I have never missed a payment and I paid off the entire balance on the card after it was canceled. I tried to apply for another American Express card the day after I cleared the balance and I have no hard pull on my credit.
How long will I be black listed for something like this?
In my opinion, you have bigger issues right now than worrying about how long you're going to be blacklisted by Amex.
If you're going to use credit, you need to put your big boy pants on and make *SURE* that your bills are paid on time. That doesn't include payments returned for insufficient funds--and you're kidding yourself by thinking you 'never missed a payment' when, in fact, you missed several. If I were you, I'd start working on a foolproof plan to make sure my bills are always paid on time. That would include funding a checking account so there's never any question about its balance covering a CC payment.
It might be helpful to have your due dates changed to a date that works best for you. In my case, since I'm on SS and my direct deposit hits my bank on the second Wednesday of each month, I changed all my due dates to fall AFTER the 15th. I pay all my bills via BofA's bill pay as each bill arrives; while setting up the payment I make its payment date the second Wednesday of the month. I never have late payments--or NSF payments. I also make sure that there's enough time between the date my direct deposit hits and each account's due date, just in case there's any sort of glitch; that way I can detect and correct any potential problem before the payment becomes late.
Getting back to funding an account: since you've demonstrated a lack of reliability when it comes to putting funds in an account in time for a payment to be made, you REALLY need to work out some other system. As noted, I have DD each month for my SS payment; whatever your source of income may be, see if you can arrange something similar to what I do, so you *know* there's money in the bank when any payments are due. As a human, you're prone to making mistakes, and forgetting to transfer money is just one of them that might happen--and, in your case, has happened. As long as you rely on that method for paying your bills, you're asking for trouble.
I'd tackle the bill-paying issue in a systematic way, and come up with a foolproof plan so you don't run into the same problems you've had. THEN start wondering how long Amex will blacklist you.
