Amex when is payment due
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Amex Pay It is a simple way to reduce your overall card balance throughout the month, and may even help you boost your credit score by lowering the utilization Amex reports to the credit bureaus when your billing period ends. Plan It is most useful for paying down a large expense over time without taking on high interest debt.
Make sure you explore all your options before committing to a plan. But this can be a costly option — like any credit card, you should generally only charge purchases you can afford to pay off before your statement balance is due. Pay Over Time offers added flexibility, but you can avoid interest altogether by paying your total account balance each month by your due date.
Bottom Line Amex Pay It Plan It can be a valuable tool if you want a little more control over how and when you pay your credit card bill. Just make sure you run the numbers before you enroll in an Amex Plan It repayment plan. And before you commit to a large purchase, explore all your payment options to find the cost and timeline that works for you.
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