Amex Platinum “Please pay by” date

[flightsonpoints]

Just wondering if someone here can she some light on the Platinum “Please pay by” date.

I use the personal card for business payments and this month might not be able to pay by the date shown on the online portal as I am waiting for funds to hit my business account later in the week past the please pay by date.
Is there still additional time to settle the balance as it was the case a few years ago i think its 2 weeks?
just preparing myself if i need to scramble for some cash to make the payment or if it is ok to pay the following week without penalties Or the worst them cancelling the card

Thank you

 

[_TheTraveller_]

Just wondering if someone here can she some light on the Platinum “Please pay by” date.

I use the personal card for business payments and this month might not be able to pay by the date shown on the online portal as I am waiting for funds to hit my business account later in the week past the please pay by date.
Is there still additional time to settle the balance as it was the case a few years ago i think its 2 weeks?
just preparing myself if i need to scramble for some cash to make the payment or if it is ok to pay the following week without penalties Or the worst them cancelling the card

Thank you

AFAIK if you miss the due date, you've effectively defaulted on your card.

 

[flightsonpoints]

thats the confusing bit its not “Payment Due Date” as it is the case on the credit cards.
They use different language on the charge cards.

This is an article referring to US issued cards with a similar rule regarding Please pay by date

American Express grace period: 'Please pay by' date isn't your payment due date - The Points Guy

Maybe its worth giving them a call and finding out how it treated in Oz….

 

[itsglenng]

As for how it goes with the personal Platinum Card:

If you don’t pay the amount payable by the due date you’ll be charged a late payment fee on your next bill. 3% of whatever amount is late.

When the late fee is charged, call up Amex and ask for the fee to be reversed; they should say yes to this if your account is otherwise in good standing.

Just make sure that late balance is paid by the time your next statement is generated. Usually about 2 weeks after the due date.