James Bronzz, WalletHub Analyst
@jbronz
Amex Pay Over Time is a feature on a few American Express cards that allows the cardholder to pay for certain eligible charges over the course of multiple billing periods. The Pay Over Time feature is available on the Amex Green, Gold and Platinum cards, both the consumer and business versions.
When you have a card with the Amex Pay Over Time feature, you essentially have two balances. One is your normal balance, which you are required to pay in full each month. The other is your Pay Over Time balance, where Amex moves eligible approved charges. You can choose to pay your Pay Over Time balance in full as well. But if you decide to carry some or all of it between months, you will owe interest on the balance. Your Amex Pay Over Time interest rate depends on your credit, income and other factors. There is also a limit on your Pay Over Time balance, and any charges over that which would be eligible will instead need to be paid in full. You can view the limit on the Balance Details page of your online account. All charges not included in the Pay Over Time balance will also require to be paid in full every month.
All new accounts will automatically be set to Active status at account opening. You can view or change your setting online or by calling customer service.

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