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Pay Over Time¹ for Businesses
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Pay Over Time¹ for Businesses
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Pay Over Time¹ for Businesses
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Pay Over Time¹ for Businesses
Pay Over Time is a feature that gives your business the ability to carry a balance and pay off eligible purchases, with interest.
Upon Card approval, you automatically have access to Pay Over Time. At that time, you are assigned an Annual Percentage Rate and a Pay Over Time Limit, which represents the maximum you can revolve at any given time.
Pay Over Time is included on your Card
You can manage your Pay Over Time settings on your mobile app, online account, or by calling the number on the back of your Card. Your Pay Over Time setting is initially set to On, and must be set to On to give you the option of paying eligible charges over time, with interest. When the setting is set to Off, you will be required to pay all new charges in full at the next payment due date.
Purchase with confidence
Make purchases for your business knowing you have the flexibility to pay over time. We make it easy by automatically moving new eligible purchases into your Pay Over Time balance, up to your Pay Over Time Limit.
Pay now or later
At the end of your billing cycle, you can either pay in full each month or carry a balance with interest by paying the minimum amount due or any amount in between.
Earn Membership Rewards® points
If your account is enrolled in the Membership Rewards®2 program, you’ll continue to earn points on your total balance as long as you pay the Minimum Due by your due date.
Manage Your Business Expenses
Make your Card work for your business
Whether you’re investing in new equipment or covering unexpected costs, Pay Over Time gives you the payment flexibility you need today, while managing your business cash flow needs. Most purchases are eligible for Pay Over Time, from recurring expenses to bigger investments.
Invest in technology or equipment
Manage fluctuating cash flow
Take advantage of bulk discounts
Handle delayed customer payments
Prepare for your busy season
Cover unexpected costs
Select the APR that applies to your account¤
$0.00
Estimated interest due for revolving an average daily balance of $0 for 0 days**
*APR is assigned based on your creditworthiness
and other factors determined at the time of account opening.
* 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.
*APR is assigned based on your creditworthiness and other factors determined at the time of account opening.
* 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.
Is there a limit to how much I can Pay Over Time and where can I find my Limit?
Yes, your 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.
*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 has No Preset Spending Limit which means the amount you can spend on your Card adjusts based on factors such as your payment history and spending habits. You may be able to make purchases above your Pay Over Time Limit, but any charge not included in your Pay Over Time balance will be due in full.
What happens if I exceed my Pay Over Time Limit?
You must pay in full any charges not included in your Pay Over Time balance. Any single transaction that would cause the total balance to exceed your Pay Over Time Limit will be due in full.
How long can I Pay Over Time?
There’s no time limit for how long you can continue to revolve your balance, as long as you pay at least the Minimum Payment Due by the Payment Due Date each month. Carrying a balance will result in Card Members incurring interest.
Pay Over Time is a feature that gives you the flexibility to pay for eligible charges over time, with interest. Eligible charges are automatically added to your Pay Over Time balance up to your Pay Over Time Limit when your setting is set to “On”.
Pay Over Time is included on most Business Platinum, Business Gold, Business Gold Rewards, Classic Business Gold, Business Green Rewards, Business Green, Executive Business, Small Business and Business Purchase Account Cards.
Ineligible charges include Cash and Express Cash, American Express® Travelers Cheques and other cash equivalents, certain insurance premiums, casino and other gambling transactions, any fees owed to American Express except foreign transaction fees, and other transactions designated by us.
Pay Over Time is a feature that gives you the flexibility to pay for eligible charges over time, with interest. Eligible charges are automatically added to your Pay Over Time balance up to your Pay Over Time Limit when your setting is set to “On”.
Pay Over Time is included on most Business Platinum, Business Gold, Business Gold Rewards, Classic Business Gold, Business Green Rewards, Business Green, Executive Business, Small Business and Business Purchase Account Cards.
Ineligible charges include Cash and Express Cash, American Express® Travelers Cheques and other cash equivalents, certain insurance premiums, casino and other gambling transactions, any fees owed to American Express except foreign transaction fees, and other transactions designated by us.
Pay Over Time is an included feature on your Card. You are assigned an Annual Percentage Rate and a Pay Over Time Limit, which represents the maximum amount you can revolve at any given time.
As you make purchases, eligible charges will be automatically added to your Pay Over Time balance up to your Pay Over Time Limit when your setting is set to “On”. Upon making a payment at the end of your billing period, you can decide to pay the statement balance in full, the Minimum Payment Due or any amount in between with interest. If you choose to carry a balance, you will pay interest on charges added to your Pay Over Time balance.
If you don’t pay your account Total New Balance in full by the Payment Due Date, you will be charged interest on any unpaid portion of the Pay Over Time balance. If you’re carrying a Pay Over Time balance from your last billing period, you will be charged interest on new eligible charges starting from the transaction date. If you pay your Account Total New Balance in full by the Payment Due Date each month, you will not be charged interest on charges that are automatically added to your Pay Over Time balance. 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 is an included feature on your Card. You are assigned an Annual Percentage Rate and a Pay Over Time Limit, which represents the maximum amount you can revolve at any given time.
As you make purchases, eligible charges will be automatically added to your Pay Over Time balance up to your Pay Over Time Limit when your setting is set to “On”. Upon making a payment at the end of your billing period, you can decide to pay the statement balance in full, the Minimum Payment Due or any amount in between with interest. If you choose to carry a balance, you will pay interest on charges added to your Pay Over Time balance.
If you don’t pay your account Total New Balance in full by the Payment Due Date, you will be charged interest on any unpaid portion of the Pay Over Time balance. If you’re carrying a Pay Over Time balance from your last billing period, you will be charged interest on new eligible charges starting from the transaction date. If you pay your Account Total New Balance in full by the Payment Due Date each month, you will not be charged interest on charges that are automatically added to your Pay Over Time balance. 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.
If you don’t want to pay over time, you can pay your statement balance in full each month or you can turn the feature Off by managing your settings within your online account by selecting “Manage Pay Over Time” under Account Services and then Payment & Credit Options. Additionally, you can change your setting within your mobile app or by calling the number on the back of your Card.
Upon Card approval, the Pay Over Time setting on your Account is initially set to On. There are two settings, On and Off. Eligible charges will be automatically added to your Pay Over Time balance based on your Pay Over Time setting at 8:00pm ET each day. If your Pay Over Time Setting is set to On at 8:00pm ET, all eligible charges on that calendar day will be automatically added to your Pay Over Time balance. If your Pay Over Time Setting is set to Off at 8:00pm ET, all charges on that calendar day will be automatically added to your Pay In Full balance.
If you don’t want to pay over time, you can pay your statement balance in full each month or you can turn the feature Off by managing your settings within your online account by selecting “Manage Pay Over Time” under Account Services and then Payment & Credit Options. Additionally, you can change your setting within your mobile app or by calling the number on the back of your Card.
Upon Card approval, the Pay Over Time setting on your Account is initially set to On. There are two settings, On and Off. Eligible charges will be automatically added to your Pay Over Time balance based on your Pay Over Time setting at 8:00pm ET each day. If your Pay Over Time Setting is set to On at 8:00pm ET, all eligible charges on that calendar day will be automatically added to your Pay Over Time balance. If your Pay Over Time Setting is set to Off at 8:00pm ET, all charges on that calendar day will be automatically added to your Pay In Full balance.
Pay Over Time is very similar for eligible Personal and Small Business Cards. However, some differences may include your Pay Over Time Limit, eligibility of charges, and your Annual Percentage Rate (APR). Plan It® is currently not available for Small Business Cards.
Pay Over Time is very similar for eligible Personal and Small Business Cards. However, some differences may include your Pay Over Time Limit, eligibility of charges, and your Annual Percentage Rate (APR). Plan It® is currently not available for Small Business Cards.
If your Account is enrolled in a Membership Rewards program, you will continue to earn points as long as you pay the Minimum Due by the Payment Due Date. Your ability to earn points will not be impacted by how you choose to pay.
If your Account is enrolled in a Membership Rewards program, you will continue to earn points as long as you pay the Minimum Due by the Payment Due Date. Your ability to earn points will not be impacted by how you choose to pay.
Each month, you can pay your statement balance in full without interest, the Minimum Payment Due or any amount in between with interest. All charges not included in your Pay Over Time balance must be paid in full each month.
If you would like to avoid interest charges, you can pay in full each month. If you are using AutoPay and want to avoid interest charges, set your AutoPay setting to “Statement Balance”.
Each month, you can pay your statement balance in full without interest, the Minimum Payment Due or any amount in between with interest. All charges not included in your Pay Over Time balance must be paid in full each month.
If you would like to avoid interest charges, you can pay in full each month. If you are using AutoPay and want to avoid interest charges, set your AutoPay setting to “Statement Balance”.
Your Annual Percentage Rate (APR) is the annual interest rate assigned to your Account. You will only be charged interest on the amount you choose to pay over time. You can find your APR in the Balance Details section of your Account home page, mobile app, or billing statement. Your APR is based on your Experian Credit Score. Your Transunion Credit Score will be used if your Experian Credit Score is unavailable.
Your Annual Percentage Rate (APR) is the annual interest rate assigned to your Account. You will only be charged interest on the amount you choose to pay over time. You can find your APR in the Balance Details section of your Account home page, mobile app, or billing statement. Your APR is based on your Experian Credit Score. Your Transunion Credit Score will be used if your Experian Credit Score is unavailable.
Your billing statement will show you all of your charges and payment options at a glance. It will list your Total New Balance which includes all charges, your Pay In Full portion, and your Pay Over Time portion. You will also see your Minimum Payment Due, Payment Due Date, Pay Over Time Limit, and any applicable interest charges. To learn more, watch this short video.
Your billing statement will show you all of your charges and payment options at a glance. It will list your Total New Balance which includes all charges, your Pay In Full portion, and your Pay Over Time portion. You will also see your Minimum Payment Due, Payment Due Date, Pay Over Time Limit, and any applicable interest charges. To learn more, watch this short video.
Your Pay Over Time Limit is the maximum amount you can revolve at any given time. Your Pay Over Time Limit may be different than the total amount you are allowed to spend on your Card. Any charge that would cause your balance to exceed your Pay Over Time Limit must be paid in full each month. We may increase or decrease the amount of your Pay Over Time Limit and will tell you if we change that amount. You can find your Pay Over Time Limit in the Balance Details section of your Account home page, on your mobile app, or on your billing statement.
Your Pay Over Time Limit is the maximum amount you can revolve at any given time. Your Pay Over Time Limit may be different than the total amount you are allowed to spend on your Card. Any charge that would cause your balance to exceed your Pay Over Time Limit must be paid in full each month. We may increase or decrease the amount of your Pay Over Time Limit and will tell you if we change that amount. You can find your Pay Over Time Limit in the Balance Details section of your Account home page, on your mobile app, or on your billing statement.
No, your Pay Over Time Limit is not a spending limit. Your Card continues to have No Preset Spending Limit unless communicated to you otherwise.
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.
No, your Pay Over Time Limit is not a spending limit. Your Card continues to have No Preset Spending Limit unless communicated to you otherwise.
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.
On a monthly basis, your total Account balance is reported to the Small Business Credit Bureau and your Pay Over Time Limit is not reported. As long as your Account remains in good standing, your Account will not be reported negatively to the Small Business and Consumer Credit Bureaus.
On a monthly basis, your total Account balance is reported to the Small Business Credit Bureau and your Pay Over Time Limit is not reported. As long as your Account remains in good standing, your Account will not be reported negatively to the Small Business and Consumer Credit Bureaus.
Pay Over Time is offered by invitation only. If you do not have Pay Over Time on your Card, American Express evaluates eligibility and will notify you if Pay Over Time can be added.
Pay Over Time is offered by invitation only. If you do not have Pay Over Time on your Card, American Express evaluates eligibility and will notify you if Pay Over Time can be added.
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- Eligible 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. In addition, statement credits for eligible purchases, or any reversals of a statement credit, may be applied to either your Pay Over Time balance or Pay In Full balance regardless of where the eligible purchases originally posted.
Pay Over Time Settings
Pay Over Time has two settings, On and Off. When set to On, eligible charges 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 Time Limit may be different than the total amount you are allowed to spend on your Card.
No Preset 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.
- Membership Rewards
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.
- Eligible 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. In addition, statement credits for eligible purchases, or any reversals of a statement credit, may be applied to either your Pay Over Time balance or Pay In Full balance regardless of where the eligible purchases originally posted.
Pay Over Time Settings
Pay Over Time has two settings, On and Off. When set to On, eligible charges 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 Time Limit may be different than the total amount you are allowed to spend on your Card.
No Preset 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.
- Membership Rewards
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.
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