Made large cc payment to IRS using AMEX...how many days do I wait to make large payment to AMEX?

[Anonymous]

Greetings,

     OK guys and gals...need some advice.  I hade to make a large payment to the IRS using my AMEX CC; I think this large payment ($2700) will ding my credit score; so when do I make a payment to AMEX ($1500)?  Should I do it now?  OR should I wait until the charge hits my AMEX statement and the hits to my score are over, then make the payment to AMEX and hope that I get some of those points back?  OR does it even matter?  Please let me know your thoughts on this matter.  Thank you.

P.S.  If I could make a PIF I would; but I can't.

MJH

[myjourney]

As soon as it post to your account 

[Anonymous]

I don't understand why u just don't make it now. If u pay 1500 now you will only get a 1200 hit to your score when the statement cuts no point in waiting u can save some of the ding points beforehand 

[Anonymous]

You can pay it even before it posts with Amex. A few weeks ago I had a $60 charge (card had zero balance), and I paid the $60 the same day to keep it zeroed out even before the charge fully hit. Very convenient.

[Anonymous]

The payment to thre IRS is from my AMEX...my payment to my AMEX is from my banking institure...IRS won't let you use two cards to pay.  Only one.

[9CLINE]

I have paid as soon as it posted since mine wouldn't let me with a 0 bal.. also see when statement cuts,and pay before then you'll be okay, as long as min payment has been made on time...

[Kenro]

 If I was you I`d let it report and then pay it off.

Its not really a big deal especially if it wont take you above 20% overall utilization.

[Anonymous]

OP, if you want to avoid entire 2700 being reported to CRA( when amex statement cuts) in case your statement is above to cut say in 2 days once you pay, then what I suggest is as soon as you pay IRS, make the payment of 1500, so that when it actually posts on your amex account you will see only 1200 ( 2700 - 1500 ). But don't stress too much on this. Either way, you will be fine in one month's time!!

[Anonymous]

I personally would make the payment before the statement cuts.  It will have less impact on your utlization.

[Septrosh]

I would also make the payment before it cuts.

AMEX technically won't allow payment to go through if $0 balance.  You can login to your bank and start bill payment transfer, most banks include this as a free service. Your bank will send the funds tomorrow and AMEX should have it posted Wednesday or Thursday at the latest. Then by the time AMEX fully posts your charge is should wash out that $1,200 and AMEX will just show th difference.