Do you get Amex points if you pay late?

Consequences of Late Amex Payments on Reward Points

American Express (Amex) offers lucrative reward points to cardholders for their spending. However, missing a payment deadline has a significant impact on these points.

Forfeiture of Points

If an Amex payment deadline is missed, all reward points accumulated during that billing cycle are automatically forfeited. This means that cardholders lose out on the potential redemption value of these hard-earned points.

Reinstatement of Points

Fortunately, Amex provides an opportunity to reinstate forfeited points by promptly settling the outstanding balance. By making the payment as soon as possible, cardholders can potentially restore their points and avoid permanent loss. It is important to act quickly, as the reinstatement process may not be available after a certain period.

Account Standing

Late payments also affect a cardholder’s account status. A missed payment can result in a negative impact on credit scores, which can have future consequences for borrowing and credit card applications. Additionally, Amex may impose a late payment fee, further increasing the financial burden of the missed payment.

Conclusion

Missing an Amex payment deadline can be a costly mistake, leading to the forfeiture of valuable reward points. However, by promptly settling the outstanding balance, cardholders can potentially reinstate their points and restore their account to good standing. It is crucial to avoid permanent point loss by acting quickly and avoiding future missed payments.