What happens if I don't pay AmEx in full?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
6 posts
BadCreditGuy
 
Posts: 1
Joined: Thu Jun 13, 2013 3:32 am
Location: philly, pa

What happens if I don't pay AmEx in full?

Postby BadCreditGuy » Thu Jun 13, 2013 3:34 am

So I somehow was approved for an American Express Gold Card despite having very mediocre credit (650), and I was under the impression it was a credit card, NOT a charge card.

I charged too much on it this month and don't have the money to pay the bill off right now (business expenses) so what is going to happen when I don't pay off the full balance since this is actually a charge card, not credit card?

Thanks guys - eek!


DavidNY
Centurion Member
Centurion Member
 
Posts: 1332
Joined: Tue Jul 05, 2011 12:28 pm
Location: New York

Postby DavidNY » Thu Jun 13, 2013 2:00 pm


MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Jun 13, 2013 7:31 pm

He has to qualify for that. It's like they have to offer that to you in the first place and if your credit is lousy they may not. If they do, it only applies to items over 100 dollars. And the interest rate is no doubt steep, though certainly better than default.

But if you can get that, it's your way out, just make sure you pay ASAP, don't carry a long term balance they are known to not like that.

Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Thu Jun 13, 2013 7:41 pm

While we're on the subject, does Amex have a grace period? Say you forget and pay your balance in full 1 day late, what happens then?
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Jun 13, 2013 7:47 pm

As far as I know, you are late. they do give you X days whatever it is to pay, it's a Please Pay By request, however to really stay in their good graces, it would be best to not forget.

User avatar
FastSRT8
Centurion Member
Centurion Member
 
Posts: 1454
Joined: Thu Apr 19, 2012 1:32 pm
Location: Canada

Postby FastSRT8 » Thu Jun 13, 2013 9:52 pm

I'm sure if you have a stellar record, a late once in a blue moon won't be an issue. Just make sure you have a good reason... i.e. travelling.
Carpe diem quam minimum credula postero!



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests