If you accidentally make less than the required minimum payment or you miss your Amex Delta Platinum due date entirely, you can always ask customer service to waive the late fee by calling 800-528-4800. This is much more likely to work if you have a great payment history with American Express, but even if not, there's no harm in asking.
To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
A credit card grace period is the 21-25 day period between the last day of a credit card’s billing cycle and the minimum-payment due date. Interest charges do not apply when a credit card’s grace period is in effect, giving cardholders the chance to pay their full balance by the due date at no extra cost.… read full answer
The grace period on a credit card only remains in effect when you pay the full statement balance by the due date each month. The grace period goes away when you carry a balance from billing period to billing period, and you have to pay in full 2 months in a row to get it back. Without a grace period, interest is assessed on a daily basis to your full balance, including any new purchases you make.
For example, say your new credit card’s billing cycle is from January 1 through January 31, and you purchase a new couch on January 23. Your credit card bill is due on February 25, which means your grace period is 25 days long, and you won’t have to pay for the couch at all until February 25. If you pay the full statement balance by that date, you won’t pay any interest on the couch. But if you only pay the minimum amount due, you’ll start accruing daily interest charges, and your grace period will disappear – not just for the couch, but for all other purchases you make, until you pay your statement balance in full 2 months in a row.
Not all credit cards offer a grace period. But for those that do, it has to be at least 21 days long. To determine the grace period for a specific credit card, you can refer to your credit card agreement or your latest credit card statement. Grace periods only apply to purchases. Cash advances and balance transfers start getting charged interest immediately.
Pro Tip: Grace periods are a good reason for having separate credit cards for your debt and your everyday purchases. Having a credit card just for everyday purchases that you pay for in full by the end of each grace period will keep your everyday spending separate from any balance accruing interest, thus saving you money on finance charges. This also enables you to focus on getting great rewards with that card, since interest won’t be a concern. Similarly, you can concentrate on getting the best possible interest rates and fees on your other card, the one you designate for carrying a balance from month to month.
In the long run, keeping everyday purchases interest-free by taking advantage of your grace period and getting the right collection of cards for the transactions you plan to make will save you a lot of money.
The best time to pay a credit card bill is a few days before the due date, which is listed on the monthly statement. Paying at least the minimum amount required by the due date keeps the account in good standing and is the key to building a good or excellent credit score. That’s true for everyone, but some people might want to take things a step further, particularly cardholders carrying balances from month to month and people with high credit utilization.… read full answer
If you have a credit card balance that you carry from month to month, it’s best to pay that credit card’s bill as soon as the monthly account statement becomes available. This will save you money on interest. Paying the card’s monthly bill in full for two consecutive months will also reduce your interest charges by reinstituting your account’s grace period. Instead of purchases beginning to accrue daily interest charges right after you make them, you will have a window between when your monthly statement becomes available and when your bill is due to pay with no interest.
If the balance listed on your monthly credit card statements consistently equals more than 30% of the card’s credit limit, consider paying your bill multiple times per month. Paying once in the middle of the month and again before the due date will reduce the balance listed on your statement. That, in turn, will lower your credit utilization, which should help your credit score.
Here’s a quick example: You have a credit card with a limit of $1,000. You charge $500 to it, using up 50% of your credit. Then, you make a payment of $300 before the billing period closes and your statement is generated. That brings your statement balance to $200 and your utilization to 20%. Paying off the final $200 before the due date then keeps your account in good standing.
Here’s when to pay a credit card:
If your credit utilization is 30% or less and you pay in full every month, pay your credit card bill by the due date listed on your monthly account statement.
If your balance is more than 30% of your credit limit, pay your credit card bill before the billing period closes to reduce your credit utilization, then pay the remaining balance by the due date.
If you’re carrying a balance from month to month, pay off your full credit card balance as soon as possible to save on interest.
It’s a good idea to set up automatic payments with your credit card issuer so you don’t have to worry about when to pay your credit card bill. Doing so will automatically make a payment from a linked bank account every month on the due date, or a day of your choice before that. You can’t be marked late unless your account has insufficient funds. And even with automatic payments set up, you can still make additional payments any time you want.
The Delta SkyMiles® Platinum American Express Card’s benefits include travel insurance, free checked bags and priority boarding on Delta flights, discounted Delta Sky Club access, and 20% off refreshments and headphones when flying with Delta. Another Delta SkyMiles® Platinum American Express Card perk is its initial bonus offer: 50,000 miles and 5,000 Medallion Qualification Miles after spending $2,000 in the first 3 months. This card offers benefits such as purchase protection and extended warranties, too.… read full answer
Its travel insurance includes coverage for rental cars and lost or stolen baggage. Since it's an airline credit card, most of this card’s benefits are related to travel. But there’s plenty to cover your everyday spending too. That includes return protection, which can reimburse you for recent purchases that you’re unable to return for a refund. Making the most of these benefits will help make up for the card’s $250 annual fee.
Top Amex Platinum Delta Benefits:
Baggage insurance: If you pay for your flight with a Delta SkyMiles® Platinum American Express Card, you and your immediate family are covered for lost, damaged and stolen luggage during the travel. Coverage can be provided for up to $2,000 for checked baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the carrier. The coverage is also subject to a $3,000 aggregate limit per trip.
Car rental insurance: If a car you rented with your Delta SkyMiles® Platinum American Express Card suffers theft or damage, you’re covered up to $50,000. Your auto rental insurance covers repairs or the cost of the car. To active it, decline to buy the rental company’s insurance. This card provides secondary coverage and does not include liability coverage. You should note that not all vehicle types or rentals are covered and geographic restrictions also apply.
Initial bonus: You earn 50,000 miles and 5,000 Medallion Qualification Miles after spending $2,000 in the first 3 months.
First checked bag free: When you book a flight with your Delta SkyMiles® Platinum American Express Card, you and up to 9 people on your reservation get the first checked bag free.
Delta Sky Club access: Delta Platinum members get access to Delta Sky Club airline lounges for $39 per visit. A normal single-visit pass costs $59.
In-flight savings: Delta SkyMiles® Platinum American Express Card members save 20% on in-flight food, beverages, and headphones on Delta-operated flights. The discount comes as a statement credit.
Priority boarding: Card members get to board with Zone 1 on all Delta flights.
Extended warranty: You can get up to one extra year of warranty on items purchased with this card. It applies to warranties of five years or less. Coverage is up to the actual amount charged to your card for the item up to a maximum of up to $10,000 per item and up to $50,000 per account per year.
Purchase protection: If something you purchased with your Delta SkyMiles® Platinum American Express Card gets accidentally damaged or stolen within 90 days of purchase, you could be eligible for up to $1,000 in reimbursement per occurrence and up to $50,000 per account per year.
Several of Delta SkyMiles® Platinum American Express Card’s benefits make your flight more enjoyable. Others provide peace of mind about purchases. But the most valuable benefits are the different types of travel insurance it offers. That’s one of several reasons this card makes the most sense for a frequent Delta flyer.
Insurance benefits disclosure: Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. Baggage Insurance Plan - For New York State residents, there is a $2,000 per bag/suitcase limit for each covered person with a $10,000 aggregate maximum for all covered persons per covered trip.
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