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 setting1 is initially set to On, and must be set to On to give you the option of paying eligible charges1 over time, with interest1. 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 balance1, up to your Pay Over Time Limit1.
Pay now or later
At the end of your billing cycle, you can either pay in full or carry a balance with interest1 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.
Whether you’re investing in new equipment or covering unexpected costs, Pay Over Time1 gives you the purchasing power you need today, while managing your business cash flow needs. Most purchases are eligible1 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¤
¤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.
*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 Limit1"
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:
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.