Estimate your interest charges.
Select the APR that applies to your account¤
¤APR is assigned based on your creditworthiness and other factors determined at the time of account opening.
Estimated interest due for revolving an average daily balance of $0 for 0 days**
* We assign a Pay Over Time limit to your account. The amount you can Pay Over Time is subject to the Pay Over Time Limit assigned to your account. We will not place any charge into your Pay Over Time balance if it would cause your Pay Over Time balance to go over your Pay Over Time Limit. If you are a Card Member, your Pay Over Time Limit is shown on page 1 of your statement. We may increase or reduce your Pay Over Time Limit. We may do so even if you pay on time and your Account is not in default. We will tell you if we change that amount. You must pay in full all charges that are not placed into a Pay Over Time balance.
** The amount of interest you are charged is subject to change. We charge interest on transactions placed in the Pay Over Time Balance beginning on their transaction date until they are paid. However, we will not charge interest on these transactions during a billing period if:
• your Pay Over Time Previous Balance for the billing period is zero; or
• you paid the Account Total Previous Balance for each of the previous two billing periods in full by the closing date shown on their respective statements.
We calculate interest for a billing period by first calculating interest on each Pay Over Time balance. Pay Over Time balances may have different interest rates. We use the Average Daily Balance method (including new transactions) to calculate interest charges for each balance. The total interest charged for a billing period is the sum of the interest charged on each balance.
What is Pay Over Time?
Pay Over Time is a feature on applicable Business Cards that gives you the option to take more time to pay for your purchases, with interest. With Pay Over Time, eligible purchases1 are placed into a Pay Over Time balance within your account.
Cards applicable for Pay Over Time include: Business Centurion, Business Platinum, Business Gold, Business Gold Rewards, Classic Business Gold, Business Green Rewards, Business Green, Executive Business, Small Business and Business Purchase Account Cards.
Which purchases are eligible for Pay Over Time?
Most purchases are eligible for Pay Over Time. Ineligible charges include gift cards and cash equivalents, insurance premiums, casinos and gambling transactions, American Express annual membership fees, and other transactions designated by us1.
How do I use Pay Over Time?
Pay Over Time is a feature on applicable Business Cards, so there’s nothing you need to do to enroll into this feature. As you make purchases, eligible charges will be placed into your Pay Over Time balance up to your Pay Over Time Limit. When you go to make a payment at the end of your billing period, you can decide to pay the statement balance in full, or the minimum amount due or any amount in between with interest. You will only pay interest on charges you choose to pay over time.
What if I don't want to use Pay Over Time?
If you don’t want to use Pay Over Time you can pay your statement balance in full each month, or you can turn this feature off by managing your settings within your mobile app, your online account* or by calling the number on the back of your Card.
*To manage your setting online: Log in to your American Express Online Account and select the appropriate Business Card on the home page. Click on the “Account Services” tab, followed by “Payment & Credit Options”, and then select “Manage Pay Over Time Setting”. From there you can manage your toggle setting.
I have a Personal Card that has Pay Over Time as well. Does Pay Over Time on my Business Account work the same way as it does on my Personal Account?
Pay Over Time is a feature that is available for eligible Personal and Small Business Card Members. However, the Pay Over Time feature for your Small Business Card works slightly differently than your Personal Card.
Some of the differences include:
• You may have a different Pay Over Time Limit, different eligible minimum purchase amounts, or different Annual Percentage Rates.
• Your Small Business Card will have the feature set to On, whereas you may need to activate the feature on your Personal Card.
• Pay It Plan It is currently not available for Small Business Cards.
What are the benefits of Pay Over Time?
Pay Over Time gives you more flexibility to help manage any large or unexpected business expenses that may come your way. It can come in handy for managing slow-paying customers, ramping up for a busy season, taking advantage of discounts when buying in bulk, and much more. You’ll continue to enjoy the same Card benefits on your purchases, such as Membership Rewards® points and services such as fraud protection.
Will I earn Membership Rewards points on charges I pay over time?
If you are enrolled in a Membership Rewards program, your ability to earn points will not be impacted by how you choose to pay. You will receive points for your total statement balance as long as you pay the minimum payment by your due date. Paying over time will not postpone your ability to earn those rewards.
What are my payment options?
Each month, you can pay your statement balance in full without interest, or you can pay the minimum amount due or any amount in between with interest. All charges not included in your Pay Over Time balance must be paid in full.
When does interest apply and what is my APR?
You will only be charged interest on the amount you choose to pay over time. You can find your APR on your mobile app, online account or on your billing statement. Your APR for purchases is based on your Experian3 FICO score and payment history.
How do I pay my statement balance in full using Autopay?
If you would like to pay in full and avoid interest charges, please ensure your Autopay payment option is set to “Total New Balance”.
Is there a limit to how much I can pay over time, and where can I find this information?
A Pay Over Time Limit is the maximum amount you can pay over time. You can find your Limit on your mobile app, online account* or on your billing statement. Any charge that would cause your balance to exceed your Pay Over Time Limit will be due in full.
*From the Amex online home page, select “Balance Details” on the right hand side of the screen, from there you can view your Pay Over Time Limit.
Does Pay Over Time affect how much I can spend on my Card?
No, having Pay Over Time does not impact how much you can spend on your Card. Your Card continues to have No Preset Spending Limit unless communicated to you otherwise*. Unlike your spending on credit cards, your Pay Over Time balances and Limit utilization are not reported to credit bureaus. This allows you to take full advantage of your Pay Over Time feature.
*No Preset Spending Limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adjusts based on factors such as your purchase, payment, and credit history.
Does Pay Over Time impact my Credit Score?
As long as your account remains in good standing, your account will not be reported negatively to the credit bureaus. We do not report your Pay Over Time Limit to Credit Bureaus, however your account balance may be reported to the Consumer and Small Business Credit Bureaus on a monthly basis.
How long can I pay over time?
There is no time limit to how long you can revolve, as long as you pay the minimum payment by your due date.
1Eligible Charges: Eligible charges made by you or any additional Card Member on your account can be paid over time. Ineligible charges and any charge that would cause your Pay Over Time balance to exceed your Pay Over Time Limit will be due in full each month. The following types of charges are ineligible for the Pay Over Time option: Cash and Express Cash, American Express® Travelers Cheques and other cash equivalents, certain insurance premiums, casinos and other gambling transactions, any fees owed to American Express except foreign transaction fees, and other transactions designated by us.
Pay Over Time Settings: The Pay Over Time option on your account is initially set to On. There are two settings, On and Off. When set to On, eligible charges1 will be placed in your Pay Over Time balance. When set to Off, no new charges will be included in your Pay Over Time balance. You can change this setting by visiting your online account or calling the number on the back of your Card.
Interest on your Pay Over Time balance: For transactions added to your Pay Over Time balance, we will charge interest beginning on the date of each transaction. We will not charge interest on charges added to your Pay Over Time balance if you pay your account Total New Balance by the due date each month. You must pay at least the Minimum Payment Due by the Payment Due Date each month to keep your account in good standing. The Minimum Payment Due includes all Pay in Full charges, any interest accrued on your account and a portion of your Pay Over Time balance.
Pay Over Time Limit: We assign a Pay Over Time Limit to your account. Your Pay Over Time Limit is the amount you may carry as a balance. We will not place any charge into a Pay Over Time balance if it causes your Pay Over Time balance to go over your Pay Over Time Limit. Any charges that would cause the total balance to exceed your Pay Over Time Limit will be due in full. We may increase or decrease the amount of your Pay Over Time Limit and will tell you if we change that amount. Your Pay Over Limit may be different than the total amount you are allowed to spend on your Card.
No Pre-Set Spending Limit: No Preset Spending Limit means your spending limit is flexible. Unlike a traditional Card with a set limit, the amount you can spend adjusts based on factors such as your purchase, payment, and credit history.
2 Membership Rewards Program: Terms and Conditions for the Membership Rewards® program apply. Visit membershiprewards.com/terms for more information. Participating partners and available rewards are subject to change without notice. The value of Membership Rewards points varies according to how you choose to use them. To learn more, go to www.membershiprewards.com/pointsinfo.