Is Pay Over Time included with my Card?

Pay Over Time is included on 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 charges¹ will be placed into your Pay Over Time balance up to your Pay Over Time Limit¹. 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 interest¹. 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 Limit¹, 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^®2 points and services such as fraud protection.

Will I earn Membership Rewards^®2 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 interest¹, 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 apply¹ and what is my APR?

You will only be charged interest on the amount you choose to pay over time¹. You can find your APR on your mobile app, online account or on your billing statement. Your APR for purchases is based on your Experian 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 charges¹, please ensure your Autopay payment option is set to “Total New Balance”.

How do I read my statement?

Your 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’ll also see your Minimum Payment Due and the payment due date, as well as your Pay Over Time Limit¹, and any applicable interest charges¹. To learn more, watch this short video.

Is there a limit to how much I can pay over time, and where can I find this information?

A Pay Over Time Limit¹ 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 Limit¹ 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 Limit².

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 Limit¹ 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 Limit¹ 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 Limit¹ 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. 

1. 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. 
   
   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
   
   
   
2. 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.