No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Is there a downside to making the minimum payment to amex to get the points from the cycle even though I will end up paying in full before the final due date? Will it flag my account for review in the system if I make only the minimum payment, before I have a chance to PIF by the due date?
highly doubt there would be any problem with that.
@Shadowfactor wrote:
You aren’t considered late until after the due date. All Amex cares about is that you pay the minimum by the due date.
Things might change after a couple cycles of only paying the minimum, but for what you’re doing it’s considered PIF on time.
I have done minimum payments with Amex with no problem but those cards also have/had 0% intro APRs as well. I’m actually doing it on my BBP currently. My 0% expires in May so I’m focusing on paying off other balances that expire first. I’ve never did it on a card with no intro apr though because I PIF those cards.
I think the problem lies when one does it on a card that is getting charged interest
Questionable. AMEX & Chase, but I think more Chase, use an algorithum to monitor account payments, especially with new accounts and then flagged accounts are reviewed by a person. Not sure IMO if it's worth the risk.
@Anonymous wrote:Questionable. AMEX & Chase, but I think more Chase, use an algorithum to monitor account payments, especially with new accounts and then flagged accounts are reviewed by a person. Not sure IMO if it's worth the risk.
The OP scenario is to pay the balance in full by the due date. I doubt an algorithm could pick out any sort of trend from that, other than “cardmember may be making multiple payments by the due date.”
I don’t see any risk.
@Anonymous wrote:
@Shadowfactor wrote:
You aren’t considered late until after the due date. All Amex cares about is that you pay the minimum by the due date.
Things might change after a couple cycles of only paying the minimum, but for what you’re doing it’s considered PIF on time.I have done minimum payments with Amex with no problem but those cards also have/had 0% intro APRs as well. I’m actually doing it on my BBP currently. My 0% expires in May so I’m focusing on paying off other balances that expire first. I’ve never did it on a card with no intro apr though because I PIF those cards.
I think the problem lies when one does it on a card that is getting charged interest
It’s very YMMV and profile dependent.
I think companies have come to expect that people will carry balances during 0% periods. Why else would they offer them ? They hope you carry a balance and either forget or don’t have the money to pay it off in time and they get all that interest.
I personally think amex would shut me down in a heartbeat if I continued my usual activity of charging 20-40K a month and not PIF. My income doesn’t support that sort of carry, but my business revenue supports spending that much monthly.
@NRB525 wrote:
@Anonymous wrote:Questionable. AMEX & Chase, but I think more Chase, use an algorithum to monitor account payments, especially with new accounts and then flagged accounts are reviewed by a person. Not sure IMO if it's worth the risk.
The OP scenario is to pay the balance in full by the due date. I doubt an algorithm could pick out any sort of trend from that, other than “cardmember may be making multiple payments by the due date.”
I don’t see any risk.
Yes this. I just don't feel like PIF right now but I was trying to see if making a minimum payment now would speed up my bonus posting. However, after looking into it I believe the SUB offer requires 1k more spend than I had spent already, which would explain why the bonus had not posted. I spent an extra $1k on the card, so hopefully I will know in a few days once that charge clears.