Received AMEX Platinum, is it bad to minimum pay the first payment of the charge card?

[Anonymous]

I am getting married and I applied for the AMEX Platinum to get their 150,000 point offer. I spent $5,500 in the first month and now it is due February 21st. I have the option to make a minimum payment or pay in full. I am only keeping this card for 1 year then closing or downgrading to Green. But I do want other cards in the future with AMEX and I dont want this to effect my SLs in the future or my chances of being approved. I had one along time ago(10yrs) witch had $25,000 CL, however, I sent a Paypal payment to an authorized user and it was closed because it was over the cash limit. It was an honest mistake, but they didnt care. I never even thought of it being an issue. 

Anyways, is this going to be frowned upon, or is it not an issue? Especially, since they are going to be paid interest.  

[silver_idle]

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@Anonymous wrote:

I am getting married and I applied for the AMEX Platinum to get their 150,000 point offer. I spent $5,500 in the first month and now it is due February 21st. I have the option to make a minimum payment or pay in full. I am only keeping this card for 1 year then closing or downgrading to Green. But I do want other cards in the future with AMEX and I dont want this to effect my SLs in the future or my chances of being approved. I had one along time ago(10yrs) witch had $25,000 CL, however, I sent a Paypal payment to an authorized user and it was closed because it was over the cash limit. It was an honest mistake, but they didnt care. I never even thought of it being an issue. 

Anyways, is this going to be frowned upon, or is it not an issue? Especially, since they are going to be paid interest.  

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Paying the min payment would be a good idea if you cant make the full payment that day of the statement or by the due date and to be sure that if you cant pay the full balance that you pay the min page. However, while they do provide POT limits, they do like to see things getting paid off in full, though POT is there if you pay over time and *shouldnt* have an impact on your relationship with them, but the system might make a note of it if thats all youre doing on the charge card than to paying it in full since the card really was meant to be paid in full.

[FinStar]

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@Anonymous wrote:

I am getting married and I applied for the AMEX Platinum to get their 150,000 point offer. I spent $5,500 in the first month and now it is due February 21st. I have the option to make a minimum payment or pay in full. I am only keeping this card for 1 year then closing or downgrading to Green. But I do want other cards in the future with AMEX and I dont want this to effect my SLs in the future or my chances of being approved. I had one along time ago(10yrs) witch had $25,000 CL, however, I sent a Paypal payment to an authorized user and it was closed because it was over the cash limit. It was an honest mistake, but they didnt care. I never even thought of it being an issue. 

Anyways, is this going to be frowned upon, or is it not an issue? Especially, since they are going to be paid interest.  

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If it were me, I'd PIF.

We certainly don't have the analytics or metrics that AmEx would use in tracking situations such as yours.  We could say..."yeah you're fine it's cool".  Then, down the road, they take POT feature away.  Again, not saying it would happen to you, but rather just a perspective on things that have happened.

The POT feature is nice and can provide a "just in case" cushion, but based on the history/background you've shared as far as AmEx goes, I wouldn't tempt fate.  Just my .02¢

[thornback]

If you are unable to pay in full by the due date, are you able to pay more than the minimum (like 3x - 4x more)?  I think if you pay a good chunk you'll probabably be ok as that would be a more "responsible" way to take advantage of the POT feature. I wouldn't put any additional charges on the card tho till you pay it off - unless you intend to PIF everything before the next due date. 

That said, if you do have the means to PIF now, you should. 

[SouthJamaica]

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@silver_idle wrote:

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@Anonymous wrote:

I am getting married and I applied for the AMEX Platinum to get their 150,000 point offer. I spent $5,500 in the first month and now it is due February 21st. I have the option to make a minimum payment or pay in full. I am only keeping this card for 1 year then closing or downgrading to Green. But I do want other cards in the future with AMEX and I dont want this to effect my SLs in the future or my chances of being approved. I had one along time ago(10yrs) witch had $25,000 CL, however, I sent a Paypal payment to an authorized user and it was closed because it was over the cash limit. It was an honest mistake, but they didnt care. I never even thought of it being an issue. 

Anyways, is this going to be frowned upon, or is it not an issue? Especially, since they are going to be paid interest.  

---

Paying the min payment would be a good idea if you cant make the full payment that day of the statement or by the due date and to be sure that if you cant pay the full balance that you pay the min page. However, while they do provide POT limits, they do like to see things getting paid off in full, though POT is there if you pay over time and *shouldnt* have an impact on your relationship with them, but the system might make a note of it if thats all youre doing on the charge card than to paying it in full since the card really was meant to be paid in full.

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I wouldn't start off making a small payment like that. Amex really doesn't like people doing anything other than paying in full.

I would follow the advice you've been given by @FinStar and @thornback 

[Anonymous]

Thank you, all, much appreciated.

[GrandBaker]

AMEX Platinum is a charge card so they expect their customers to pay it in full every billing cycle. Minimum payment once a while may be OK but don't carry over the balance. If you need to carry a balance there are better cards for it. 

[Shooting-For-800]

Pay as much as you can as fast as you can.

Amex has very adjustable CLs.

GL!