Amex will soon begin enforcing the pay-by date on charge cards, but they’ve also now extended the pay-by date from 15-days after statement close to 25-days.
For charge cards, Amex currently has two payment dates: one recommended please-pay-by date and the other the actual required payment date which is the date of the next statement close. In January, it’s changing that you’ll have to pay by the pay-by date. We wrote more about this here.
We weren’t sure whether they’d be extending the pay-by date from the unusually short 15-day period due to the new rule. Luckily, numerous people confirm that Amex is now showing a pay-by date of 25-days. That’s a normal amount of time we see on most credit cards.
In the end, the change in January will only diminish your pay-by time from around 30-days to 25-days. Just be aware of the change and set up your payments properly going forward so that you don’t get hit with any fees.
With this change and the changes that they’ve made where they allow some charges on “charge” cards to be rolled over (as if they were credit card purchases), the lines between charge card and credit card are getting very blurry.
I’ve never had a “charge” card, but plan to soon since they don’t count agains the Max4 limit AmEx has for its credit cards.
FTR – I treat all cards like charge cards anyway – always pay bill in full.
I can confirm this for my new Plat. Statement date Dec. 8th, pay by date is Jan 2nd.
Same! Gold / Green / Plat.
I must be strange. I pay my bill the same day the statement close posts……so this change is mute for me……..
Never give someone a free loan. Interest matters.
…moot is the word you want
I pay my AMEX cards every few days again. Fun times 🙂
Oh good. I always thought the time until the payment date was too short!