Flexible Payment Option is a feature on your Charge Card allowing you to free up your cash flow with
an instant line of credit. Instead of paying your balance in full each statement period, you can choose to pay
off a portion of it over time.1
This feature gives you added cash flow flexibility and means you have access to an instant line of credit when you need it, without having to dip into your personal savings, take out a loan or put up additional security.
“Having Flexible Payment Option has meant that any small hiccups in my business’ finances, stay small.”
Jennifer Moran PPC Solutions
“Having Flexible Payment Option on-hand gave me the peace of mind I was looking for during all the holiday madness.”
Bill Jenkins D3SIGN
How do I know if Flexible Payment Option is active on my Account?
If FPO is active, you should see a Minimum Amount Due and interest rate on your monthly statement. Alternatively, you can contact American Express to confirm this.
Will my statement change when I use this facility?
How is my Minimum Amount Due calculated at the end of the month?
The Minimum Amount Due is calculated as follows:
The greater of $30 or 2.5% of your Closing balance up to your FPO Credit Limit
+ any overdue balance or fees charged by American Express;
+ any balance exceeding your FPO Credit Limit.
What is the interest rate charged on my Flexible Payment Option balance?
Please refer to your monthly statement or FPO Financial Table for details on your FPO interest rate.
Are interest charges a tax-deductible expense?
If you incur interest charges in relation to business expenses on your Card, you may be able to claim these as a tax deduction. Please note that this is not tax advice and you are advised to consult your accountant or tax adviser for more information.
Does Flexible Payment Option affect how much I can spend?
FPO will not impact the amount you can spend on your Charge Card, which still has no pre-set spending limit. However, no pre-set limit does not mean unlimited spending. Your purchases are approved based on a range of factors.
As we get to know you, we’ll make adjustments to how much you can spend on your Card.
Can American Express suspend or cancel Flexible Payment Option on my Account?
Yes. American Express reserves the right to suspend or cancel FPO on your Account. Our Credit Team review payment history and Account performance when assessing whether or not an Account can access FPO.
Do I have to use Flexible Payment Option?
No. You can continue to pay the full Closing Balance on your statement each month without using FPO. To opt out of this feature, please contact American Express by calling the number on the back of your Card.
Will I earn rewards points on these purchases?
Yes. If you are enrolled, you will continue to earn points in accordance with your current rewards program.