Reclusive46 wrote:You do realise how the merchant processing system works right? It has nothing to do with American Express. It depends on when the merchant settles the days transactions. If its after 5pm it will generally be in two days time, if its before it will generally post on the next day. Online transactions work in a similar way but many settle the particular transaction the second the item has been dispatched, thats why Amazon purchases often show next day.
It can take even longer if the transaction is foreign due to time differences and who actually processes the transaction as in some countries a local bank processes the transactions as opposed to Amex (So much for closed loop). I often find it can take 3 or 4 days for a US transaction to show up on my UK card as the 5pm settlement period applies to the cards time zone and not the local one (Although all USA cards use the one time zone, think they just use EST) and this doesn't affect the merchant as they will still usually get paid at the same time.
Amex was pretty clear when I talked to them about this issue that they bill by the transaction date. So if your closing date is the 18th, and they authorize a charge at 11:59 pm, they'll wait to generate the statement until the transaction posts, or the auth expires. Most people are not horribly obsessed with giving the credit card companies money *before they even ask for it*, and don't care.