American Express Corporate Card
American Express Announces Change to Late Fee Policy
This announcement is of particular interest to employees/cardholders/former cardholders of the Oklahoma State University American Express Corporate Card, or who may have outstanding balances on their American Express account as a result of previous usage of this card. University Accounting has received notification from American Express regarding a change to its late fee policy as relates to the American Express Corporate Card.
The announcement is as follows:
“Effective with billing statements with a closing date on and after May 2, 2007, American Express will charge a flat fee of $29 on delinquent amounts at approximately 45 days past due. The existing fee of the greater of $29 or 2.99% on delinquent amounts at approximately 60, 90, 120, etc. days past due will remain unchanged. The change to the late fee policy will affect all U. S. Corporate Card accounts…”
Please contact Jan Brazil in University Accounting at 744-5881 if additional clarification or information is needed regarding the American Express Corporate Card program.