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.
Announcement
“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.