What should I do ?

[Anonymous]

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@Andy77 wrote:

Thank you for the reply.....

if that is the case, this 30 day late in this scenario is not repored until really the 60 date late...

http://www.creditcards.com/credit-card-news/late-payment-reported-credit-bureau-score.php

I am now really confused....

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Nothing to be confused about.  Creditors can technically report you as being late even if you're 1 day late but as a practice, major creditors do not report you as being late until you are 30 days past the due date.  Forget the statement date as that has no bearing.  Amex now like all the major creditors give you a clearly defined due date.  Go past that by 30 days and you'll be reported late.

[Anonymous]

This is from my Platinum account.  It's clearly spelled out as to the due date.  I need to pay that by November 14th or I'll be reported late.

[driftless]

OP, I assume that you have your due date set the maximum time from the statement closing date, 25 days?

[Andy77]

I don't think my platinum statement states I will be reported late if I don't pay by a certain date, it does state that if they don't receive my payment by Ocotober 12th, I will be charged a late fee of 37.00.

[Andy77]

Due date is Oct 12th, statement date Oct 18th

[Anonymous]

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@Andy77 wrote:
I don't think my platinum statement states I will be reported late if I don't pay by a certain date, it does state that if they don't receive my payment by Ocotober 12th, I will be charged a late fee of 37.00.

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Not sure why you're having a hard time with this but of course you'll be eventually reported late whether the statement says that or not.  October 12th is your due date apparently and they'll assess you the late fee if you don't pay by then.  If you don't pay by November 11th, which is 30 days past your due date, they'll report you to the credit bureaus.  An Amex charge card with a due date is no different than any other credit card.

[Andy77]

Ok, got it, thanks

[Anonymous]

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@Andy77 wrote:
Due date is Oct 12th, statement date Oct 18th

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The Oct 18th statement date is meaningless.  Your October 12th due date is based on your September 18th statement.

[Anonymous]

You should also know that starting 1 day after your due date if the minimum is not received, you are internally marked as 30 days past due. It does not push to the credit bureaus until AXP sees it as 60 days past due which is the second statement closing date. Whether it actually reports as 30 or 60 days on the credit report, I don't know. That was my original reason for suggesting a balance transfer. Perhaps someone else can chime in as to whether it shows as 60 days past due or not.

[Anonymous]

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@Anonymous wrote:
You should also know that starting 1 day after your due date if the minimum is not received, you are internally marked as 30 days past due. It does not push to the credit bureaus until AXP sees it as 60 days past due. Whether it actually reports as 30 or 60 days on the credit report, I don't know.

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I'm pretty sure in that scenario it would be reported as 30, not 60 days late.  That's farily typical of creditors to wait 60 days and then start the 30 day late payment reports.  As long as the customer makes the full payment prior to 30 days after due date, while internally they're still marked as late (and late payment fees and higher interest penalties kick in), it's not going to be reported to the CRAs as late.