I thought you have to pay off an Amex after every month?

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VisaSpeak
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I thought you have to pay off an Amex after every month?

Postby VisaSpeak » Sun Jul 14, 2013 7:26 am

I have a PRG and I noice around statement closing time, I see a "Please pay $xxxx by this date." Usually this is less than my total balance. Can someone explain?


Robrus1
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Postby Robrus1 » Sun Jul 14, 2013 7:32 am

Any purchases you made after the statement cut or any purchases still pending when the statement cuts will not be included until the next statement. After a few days you'll notice that those pending transactions have posted, which will make your balance appear higher than your recent statement.
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websteth
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Postby websteth » Sun Jul 14, 2013 9:14 am

VisaSpeak wrote:I have a PRG and I noice around statement closing time, I see a "Please pay $xxxx by this date." Usually this is less than my total balance. Can someone explain?


My guess is that you have the Pay Over Time Feature turned on. Any purchases over $100 are eligible for this. I've never used it at all on mine but I have it turned on. Information is at American Express Pay Over Time Information
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
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MemberSince99
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Postby MemberSince99 » Sun Jul 14, 2013 1:03 pm

It could be either of the above two answers (both excellent) or both of them together.

cashinout
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Postby cashinout » Sun Jul 14, 2013 7:32 pm

I thought the PRG was a credit card not a charge card which has to paid in full where as the credit card doesn't. I know amex does allow some purchase on the charge card to be paid out over a period of time however my PRG card is credit not charge like my platinum card by AMEX just my thoughts
Fico 699
Fake - 704
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Chase Sapphire Preferred - 13k
Chase Marriott Rewards Preferred - 15k
Chase United Milage Plus Club 15k
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websteth
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Postby websteth » Sun Jul 14, 2013 7:55 pm

cashinout wrote:I thought the PRG was a credit card not a charge card which has to paid in full where as the credit card doesn't. I know amex does allow some purchase on the charge card to be paid out over a period of time however my PRG card is credit not charge like my platinum card by AMEX just my thoughts


The Gold Cards are a Charge card. I do not think they are credit cards here in the US. Some other countries might have a Credit version but not here in the US.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
Other:Macy's Star Rewards, Target REDCard

Reclusive46
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Postby Reclusive46 » Mon Jul 15, 2013 2:36 pm

websteth wrote:The Gold Cards are a Charge card. I do not think they are credit cards here in the US. Some other countries might have a Credit version but not here in the US.


Agreed, some countries Charge Cards are either not legal or wanted. Some South American countries they are credit cards, I could be wrong but I think Israel and India both have the charge cards but also the same card in a credit card form.
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cashinout
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Postby cashinout » Wed Jul 17, 2013 2:14 am

websteth wrote:The Gold Cards are a Charge card. I do not think they are credit cards here in the US. Some other countries might have a Credit version but not here in the US.


I know and thanks for catching that i was thinking SPG which is a credit card with amex my wife has the PRG and she can also make payments on hers instead of paying it off it depends on the qualifying purchase.
Fico 699
Fake - 704
Amex Plat - NSPL
Chase Freedom - 11k
Chase Sapphire Preferred - 13k
Chase Marriott Rewards Preferred - 15k
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Chase Ritz Carleton Card 11k
Discover IT - 9k
Citi AA Advantage Executive Elite - 11k

takeshi
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Postby takeshi » Thu Jul 18, 2013 8:23 am

VisaSpeak wrote:I thought you have to pay off an Amex after every month?

Depends on whether it's a charge card or a revolver. AmEx offers both. Even the charge cards have pay over time.



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