There was a bunch of hoopla over AMEX moving up the payment due dates on Biz cards a few months ago. However, a reader shared a clarification with me that I’ll share with you guys. The gist is that those 2 week “Please Pay By Date” is merely a suggestion and isn’t the drop dead due date. This only applies to BUSINESS CARDS so don’t get cute with personal cards.
So here’s the timeline:
- March 24 – Statement closes
- Apr 7 (2 weeks) – suggested “Please Pay by Date”
- April 17 (24 days) – latest autopay date you can schedule
- April 21 (28 days) – Next statement closes. Absolute drop dead date to make payment w/o penalty. I’d pay on 4/20 just in case though.
Also means you can ignore this scary warning: