American Express offers a variety of personal and business credit cards to consumers and companies worldwide. As an Amex cardmember, you receive a monthly statement outlining your account balance and minimum payment due. It’s important to understand how Amex bills work and pay on time to avoid interest charges and late fees. This article provides an overview of Amex credit card billing and instructions for making payments simply and securely.
Reviewing Your Amex Credit Card Statement
Amex sends out statements shortly after the close of each billing period, typically once per month. Your statement will include:
- Account number
- Statement closing date
- Total balance
- Minimum payment due
- Payment due date
- Interest charges
- Transactions since last statement
Be sure to carefully review each monthly statement for accuracy Contact Amex customer service immediately if you spot any unauthorized charges or errors
Keep statements to refer back to your account activity and track recurring payments If you enroll in online account access, you can view statements digitally anytime
How Amex Credit Card Interest Works
Most Amex cards have different interest rates for purchases versus cash advances. Rates are variable based on the Prime Rate. Here’s a quick overview of how interest accrues:
- Purchases – No interest if balance paid in full each month. Otherwise interest applied from transaction date.
- Cash advances – Interest charged from day of advance. No grace period.
- Balance transfers – Varies by offer terms. No interest grace period in most cases.
To avoid interest on purchases, always pay your balance off fully each month by the due date. For cash advances or special financing offers, understand the interest calculation method.
Steps to Pay Your Amex Credit Card Bill
Amex offers various ways to pay your bill conveniently each month:
Online Account Access
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Log into your account at americanexpress.com
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Under “Payments”, choose “Make Payment”
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Enter payment amount and select payment date
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Choose bank account, then submit payment
Mobile App
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Download the Amex app and login
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Tap on your account, then “Pay”
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Enter amount and select payment method
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Review and submit payment
By Phone
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Call the number on the back of your card
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Choose “Pay my bill” from menu options
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Follow prompts to make payment
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Record confirmation number
By Mail
- Send check or money order to payment address printed on statement
- Include payment stub to credit properly
- Allow 5-7 days processing time
Always retain proof of payment and account number for your records. One-time payments or AutoPay enrollments are accepted.
Avoid Late Fees and Penalties
To avoid late fees, pay at least the minimum payment due by the payment due date each month. The due date is typically around 25 days after the closing date. Late fees can be up to $40.
If you pay late repeatedly, you may face penalty APR increases per your card terms. Your account could also be suspended if past due.
Set payment reminders and enroll in AutoPay deduction from your bank account to pay on time every month. Manage your account directly via online or mobile access anytime.
Get Payment Assistance if Needed
If you cannot make the minimum payment, call Amex immediately to discuss options. Payment extensions or plans may be available depending on your account history and status.
You can also request a higher credit limit or temporary limit increase if needed to keep account utilization low. Avoid maxing out your card.
Prioritize paying your balance down monthly and in full. High balances and late payments hurt your credit score over time. Get back on track with Amex’s payment assistance if necessary.
Benefits of Paying with Amex
Paying your Amex card on time has many benefits beyond avoiding fees:
- No interest charges on purchases
- Build and maintain good credit
- Access to special financing offers
- Eligibility for statement credits and rewards
- Ability to dispute unauthorized charges
- Continued use of account for purchases
Review your monthly statement carefully, understand your balance and interest charges, and pay on time. Taking a few minutes each month to pay your Amex bill helps provide valuable convenience, security, and flexibility through your credit card.
Decide which type of scheduled payment is right for you
You can customize your AutoPay amount to fit your needs. You’ll need to pay at least the Minimum Payment Due each month.
Minimum Payment Due The amount you need to pay each month to keep your account in good standing.
Total New Balance Your Statement Balance, including payments made and credits received.
Adjusted Balance Your Total Balance, including Plan It or Pay Over Time payments.
Other Amount AutoPay will debit a fixed amount of your choice each month.
If this Other Amount is less than the minimum amount that is due in any billing period, American Express will increase the debited amount to the minimum amount due for that billing period.
Avoid missed payments with AutoPay
AutoPay lets you schedule payments that will automatically debit from your bank account each month. That means AutoPay enrollment may help you avoid missing your Payment Due Date and incurring late fees*. You can easily enroll in AutoPay online. Keep in mind, only the Primary Card Member can enroll in AutoPay.
To enroll in AutoPay, simply open your Amex® App. If you dont have the Amex® App, you can easily download it in the app store. You can also enroll in AutoPay online. Log into your account with your username and password, navigate to the “Payment” section, and select “Start AutoPay.”.
*Card Members who enrolled in Autopay prior to 10/23/2020, and opted to pay a specific dollar amount, may still incur a late fee if such specified dollar amount is less than the Minimum Payment Due and the difference is not paid by the Payment Due Date.
How to Pay American Express Credit Card Bill via Amex app
How do I make an American Express payment?
Select “Make a Payment”. Use the bank account on file to pay – you can add a bank if you’ve not yet linked one. Choose the amount you’d like to pay, your payment date, and confirm your one-time payment – you’re all set. Browse our Amex Bill Payment Guide to Find How to Make an American Express Payment.
How do I Check my American Express card payment status?
This number can be quoted for any transaction queries. In case you do not get a Transaction “SUCCESS” message and the amount gets debited from your Bank Account, kindly check the payment status after 1-2 business days by logging onto your American Express Card Account online.
Does creditsecure accept AMEX cards?
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How do I pay my credit card bill automatically?
Most major credit card companies offer automatic payment options, which allow your credit card company to debit your bank account on a set date and for a set amount each month. This can minimize your risk of late payments or late fees. There are generally three ways to use autopay to pay your credit card bill: Pay the minimum due.