James Bronzz, Working on my CPA
@jbronz
Amex Pay Over Time is a feature on American Express charge cards that allows the cardholder to pay for certain charges of at least $100 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. It is unique because charge cards typically require the cardholder to pay their entire balance in full each month.
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 charges of $100+. 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.
In order to use the Amex Pay Over Time feature, you will need to activate it through your online account. You can find the option in the Account Services menu.

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