Question about my American Express card...

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Night201

Diamond Member
Apr 23, 2001
3,697
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I got my American Express Cash Rebate card about 6 months ago. It had a 6 month no interest promotion. My statement just closed and my 6th payment is due in mid June. I have to and will be paying it off in full at that time. My question is this though. I always heard that with AMEX cards you HAVE to pay it off in full every month (assuming there are no promotions or anything). Is that true? If so, why does my card show an APR on the bottom if you carry over a balance. What would happen? Do they do something different than other card companies if you don't pay up in full every month?

This doesn't really concern me at all since I pay in full every month (except this card since I had 6 month too - kept the money in my savings like a smart man), but I am a bit confused. Any insight?
 
RossMAN

RossMAN

Grand Nagus
Feb 24, 2000
78,942
403
136
Amex offers two kinds of cards

Traditional Charge cards - full balance is due at the end of the month
Credit Cards - minimum payment is due, you can carry over your balance to the next month

You shouldn't assume or rely on AT'ers to determine that for you, call Amex customer service and ask them which of these two cards you have.
 
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Night201

Diamond Member
Apr 23, 2001
3,697
0
76
Rossman, you're black! What's up with your change in avatar? I like you're old one better!
 
BigSmooth

BigSmooth

Lifer
Aug 18, 2000
10,484
12
81
I have a Costco Cash Rebate Amex that does not have to be paid in full every month.
 
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Wolverine27

Platinum Member
Dec 7, 2000
2,350
0
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Originally posted by: Night201
Rossman, you're black! What's up with your change in avatar? I like you're old one better!
Click to expand...

You should see Rossman when he's a woman. :D
 
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