Do I have to pay my Amex off every month?
Do I have to pay my Amex off every month? You have the option to carry a balance each billing cycle, though a minimum amount is due. Payment is required in full each month in order to avoid late/penalty fees.
Does Amex look at your bank account?
They will request tax returns and bank statements. What they're looking for is to make sure the income you reported on the application is true. The process typically takes 2-3 weeks, and you're assigned a specialist to talk to.
What is the downside to Amex pay over time?
Doing so won't have a significant impact on your credit score, as long as you continue to make your minimum payments on time, but the rapidly accruing interest quickly overshadows the value of any free travel you might be earning.
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.