Your Amex payment now processes instantly — here’s why it matters

Aug 13, 2020

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If you’ve ever made a card payment online, you’ll know there may often be a lag while the issuer processes it. With many card companies, you’ll make a payment, money funnels out of your bank account yet you see no change to your card’s balance until days later.

Recently, however, Amex has updated its systems to now reflect balances and available credit immediately upon making a payment. An Amex spokesperson confirmed this. “U.S. Consumer and small business accounts are now updated in real-time upon submission of a payment.”

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To the cardholder, this is a substantial development for a few reasons. First, it’s a mental shift — and a positive one, at that — to see your bill payment and balance show immediately.

It also eliminates the risk of accidentally paying the same bill again. Finally, it should instantly free up your credit line to make more purchases. Some individuals and businesses need to make large purchases continuously, so this should help in that regard.

Related: Amex’s ‘Please Pay By’ date isn’t the same as your payment due date

Earlier this week, I tested this out with a payment on my American Express® Gold Card.

(Screen cap courtesy of American Express)
(Screen cap courtesy of American Express)

After selecting to pay off my total balance and hitting “Make a Payment,” I was sent to this confirmation screen that mentioned my account balances would be updated shortly.

Related: Does it hurt to pay off your credit card balance before the billing cycle ends?

(Screen cap courtesy of American Express)
(Screen cap courtesy of American Express)

Sure enough, when I went back to the home page of my Amex account, the total balance reflected $0.00 immediately. In the past, this took a couple of days to change.

(Screen cap courtesy of American Express)
(Screen cap courtesy of American Express)

Bottom line

A more responsive payment platform is great news for cardholders. It’s not particularly common for cardholders to see instantly updated balance and available credit information.

Related: What are my non-travel statement credit options?

However, if you make an internal payment with a bank account that is the same company as the card issuer, that may be reflected immediately. This has happened for my Chase cards while using a Chase checking account to pay. Additionally, the Apple Card has instant payment functionality.

With that said, this is a modest yet pleasant change from Amex and one that affects both personal and small business credit cards.

Featured photo by MStudioImages/Getty Images

American Express® Gold Card

With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at restaurants worldwide, at U.S. supermarkets (up to $25,000 per calendar year; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com.

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More Things to Know
  • Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery.
  • Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
See Pay Over Time APR
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.