Joe Baird, Member
The Amex Gold card APR is 20.99% (V) - 28.99% (V) on purchases approved for the Amex Pay Over Time feature. For all other purchases, there is no regular APR. That this because the Amex Gold card is a hybrid between a charge card and a regular card and cardholders are generally not allowed to carry a balance from one month to the next.
Cardholders who do not use the Pay Over Time may instead use the Plan It feature. This feature allows you to select large, eligible purchases and split them into monthly payments with a fixed fee.
There are a few things you should know about the Amex Gold card Pay Over Time feature, such as:
- Pay Over Time allows Amex Gold card cardholders to finance eligible purchases over a specified timeframe, and for a set fee, subject to Amex's approval.
- The exact interest rate applied to Pay Over Time purchases will depend on the cardholder's credit score, annual income, the number of open accounts, and other factors.
- Purchase amounts in the Pay Over Time balance will also be subject to a monthly fee of up to 1.33%, based on the plan duration.
The Amex Gold card also has other APRs you should be aware of. It may charge a penalty APR of up to 29.99% for late Pay Over Time payments. Also, if you take out a cash advance using the Amex Gold card, a separate interest rate of 29.99% (V) will apply. Interest charges on cash advances accumulate daily, starting on the date you withdraw the cash.
American Express® Gold Card
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