Amex charge card late payment – what happens?

[optomdad]

Quick question, just due to some late customer payments in my business, I will be late by 7 days clearing my chargecard from the due date – I read somewhere before this is not an issue as long as the bill is cleared before the next statement date. Does anyone know if this is true or have any experience of this, or if it will affect my relationship with Amex? TIA

[optomdad]

I should add, the statement was generated on 24th March, payment was due 6th April, I will clear on 14th April, and next statement will be 24th April

[NorthernLass]

I always thought charge cards rules were even more strict than credit cards, but if this were me I would be contacting Amex asap to find out!

[George K]

Missing your charge card payment due date is not OK – not sure who told you otherwise. What you can do is call Amex and discuss your options, but, as a rule of thumb, missing a charge card payment is considered a big black mark and can result in a deterioration of your relationship with Amex (starting with a fine, then card benefits removed, etc).

I don’t believe a business charge card would be any different, but I wouldn’t know that for a fact.

[Bill_B]

George K wrote:

Missing your charge card payment due date is not OK – not sure who told you otherwise. What you can do is call Amex and discuss your options, but, as a rule of thumb, missing a charge card payment is considered a big black mark and can result in a deterioration of your relationship with Amex (starting with a fine, then card benefits removed, etc).

I don’t believe a business charge card would be any different, but I wouldn’t know that for a fact.

This doesn’t sound like the due date though, but the “please pay by date” which is when Amex would like to be paid. Optomdad should call up to be sure.