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LaToya Irby

With American Express, 5 Days Late is 30 Days Past Due

By September 11, 2010

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Be careful with the timing of your American Express payments. If your payment is just a few days late, you may still be considered as 30 days past due. According to a late payment policy study by CardHub.com, American Express counts days "past due" starting from the date your billing cycle is printed, not the date your payment is due.

Fortunately, this is just an issue of phrasing and doesn't impact late payment penalties or credit bureau reporting. It can just scare you into thinking your balance is seriously delinquent when it's only mildly delinquent.

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September 11, 2010 at 4:00 am
(1) John says:

I hate to say it, but AMEX IS the worst. It is all about what they say and the customer is always wrong. I have been a card holder for 20 years and I hate every year of it, but you have to have a card, so you’re stuck. The oligopoly of Visa, MC and AMEX is just incredible … get used to this kind of treatment, it will get increasingly worse as they work to squeeze more and more money out of card users and vendors that take their cards. It’s a complete lack of competition IMHO, and too bad for customers.

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