@Anonymous wrote:
Unsure if there is continued confusion so I'll attempt to clarify - your cycle closes on the evening of closing date - there is no 1-3 day delay beyond that. You can see your assigned closing date by logging on to the website and pressing "show balance details" at the account home screen. For a lending card, as opposed to a charge card, the due date is targeted for 25 days after your initial cycle closing date - the due date will be the same every month once established, but depending on the number of days in the month, your cycle closing date may flucuate 1 day in either direction. If desired, you can call customer service and we can change the due date in accordance with your preference. As for your initial question, it depends if you were offered a $100 statement credit or $100 Blue Cash Reward Dollars. Your statement credit should post shortly (within 3-5 days) of you reaching your required spend - whereas reward dollars will usually be available at the close of the cycle following the period you met the spend requirement.
Hope this helps.
"That's 4 days between the current cycle's close date and the prior cycle's due date" -Takeshi74
The above quote is what I was asking about but posed my question wrong. I was hoping my examples would eludicate on what I referring to. The poster said his cycle closed on the 10th. His due date is the 6th. From that answer, I can deduce my due date will be the 21th of each month as my closing is the 25th. It seemingly takes Amex 4 days between the current cycle's close date and the prior cycle's due date.
The reason I pay attention to these days(other than the aforementioned) is for utilization manipulation. When speaking to others about this. I tell them, if they don't have all the money by their due date, then can try and get it in before the statement closes so then a 0 balance(or just the balance they'd like) is reported.
As another example, say someone's due date is the 5th. The cycle closes on the 10th. Their paycheck arrives on the 8th. They want a zero balance to report. I'd tell them to pay their minimum before/by the 5th then pay the rest by the 8th. This will allow the reporting for that month to be a 0 balance. I also know when to start making purchases again with this little tidbit of info. With the exception of (I think, US Bank and sometimes Synchrony), I'd start making purchses on the 9th or 10th knowing a zero balance would still be reported to the bureaus. It's all apart of the micromanaging. Now, this wasn't apart of my original question and I was only referring to Amex and not the bureaus. I'm just expounding on why I like to know the days between the current cycle's close date and the prior cycles due date. That is why those 3-4 days exist with/matter to me.
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