American Express
Americanexpress.ca
WHEN INTEREST IS CHARGED HOW INTEREST IS CALCULATED ON PURCHASES HOW TO MANAGE INTEREST CHARGES
Calculating Interst
The American Express Credit Card is a convenient way to pay for everyday purchases. A credit card is a lending product and when you make a transaction using your Card, we are lending you that amount of money and you are essentially taking out a loan. As an American Express Cardmember, you have the flexibility to pay back the loan so that we receive your payment by the payment due date or over a longer period of time.

When is interest charged
If you pay your balance in full so that we receive your payment by the payment due date, interest will not be applied to any of your purchases. If you choose to carry a balance or we receive your payment late, interest charges are calculated and charged to your account from the transaction date until full payment has been received. Interest is always charged on balance transfers and funds advances, starting from the day the transaction occurs.


Copyright © 2008 American Express