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One time large charge on Amex BCP

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New Contributor

One time large charge on Amex BCP

All,

I need to pay DW hospital bill tht will be almost $4500, and was thinking of putting it on my Amex BCP to get some cash back, then paying that amount as soon as it posts.   Normally my balance is around $1500 which I PIF each month, but I run 1500 - 2800 through per statement.  I have never had a charge over $300.  I am wondering if this will spook AMEX and cause any issues (spending limit decrease, etc.).  My SL is $23,500, so no issue there.  Anyone have experience with this?  I plan on calling Amex ahead of time and letting them know the charge is coming.

 

Thanks

(Edit to add SL)

Message 1 of 17
16 REPLIES 16
Super Contributor

Re: One time large charge on Amex BCP

With a $22k limit? 

Should be no problem.  

 

Hopfully everything is well with DW.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 2 of 17
New Contributor

Re: One time large charge on Amex BCP

Thanks  for the response.  Things are better now with DW.

Message 3 of 17
Senior Contributor

Re: One time large charge on Amex BCP

Glad to hear she's better.

 

~20% is no problem. Amex will sometimes even let customers spend beyond the credit limit. I once went to 300% utilizaton on a business card. When the statement closes, though, the minimum due will include the excess amount for the customer to get back under the CL.

Most spend: CSR, CFU, BBP
Rewards/AAoA ballast: CF, Discover, Costco, ED, Arrival
Perks: Schwab Platinum, IHG49, Hyatt75, Brilliant, Delta Platinum
Potential closures/downgrades: Savor, BCP, Double Cash
Message 4 of 17
Valued Contributor

Re: One time large charge on Amex BCP

It shouldn't be a problem. But if you want to be sure, you can either call them ahead of the charge. Or use that "Check Spending Power" button in your account page. 

 

Since it's a Medical bill, they shouldn't blink an eye over it. 

Message 5 of 17
Frequent Contributor

Re: One time large charge on Amex BCP

What's a DW? Don't worry bill lol?
Message 6 of 17
Senior Contributor

Re: One time large charge on Amex BCP


@TheBoondocks wrote:
What's a DW? Don't worry bill lol?

Dear Wife

 

https://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

Most spend: CSR, CFU, BBP
Rewards/AAoA ballast: CF, Discover, Costco, ED, Arrival
Perks: Schwab Platinum, IHG49, Hyatt75, Brilliant, Delta Platinum
Potential closures/downgrades: Savor, BCP, Double Cash
Message 7 of 17
Regular Contributor

Re: One time large charge on Amex BCP

I cannot speak for Amex but I would expect that you would be fine.  

If you have the Amex BCP and Citi LL Bean card AND you are certain to shop at LL Bean later anyway, then consider putting the bill on whichever card statement closed most recently in order to maximize short-term cash flow..... maximize time until you have to pay.

Message 8 of 17
New Contributor

Re: One time large charge on Amex BCP

Thanks all for the responses.  I will be calling Amex before I do it. 

 


@TheRationalConsumer wrote:

If you have the Amex BCP and Citi LL Bean card AND you are certain to shop at LL Bean later anyway, then consider putting the bill on whichever card statement closed most recently in order to maximize short-term cash flow..... maximize time until you have to pay.


I would put it on BCP to get the cash back.  I don't shop at Bean as much as I used to, but that is my oldest card and has benefits for when I do shop there.

 

Thanks

Message 9 of 17
Valued Member

Re: One time large charge on Amex BCP

I called Amex before I paid for a $1300 bill from an autobody shop. I would have done it with any lender actually.
Message 10 of 17
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