Pay Over Time - Frequently Asked Questions

There are two different Pay Over Time settings, Direct and Select.  You may have one or both of these settings available on your account.  You can find your active setting here.

• When set to Select, you must manually select each eligible charge that you would like to request to add to your Pay Over Time balance.
• When set to Direct, eligible charges are automatically moved into your Pay Over Time balance.

Both settings allow you to choose how much to pay: pay your Account Total New Balance in full, or pay the Minimum Payment Due or anything in between, with interest.

For transactions added to a Pay Over Time balance at your request, we will begin charging interest as of the date they are added to your Pay Over Time balance. We will not charge interest on transactions added to your Pay Over Time balances automatically if you pay the Account Total New Balance by the due date each month. For transactions added automatically to a Pay Over Time balance, we will assess interest beginning on the date of each transaction.

Your Pay Over Time limit is the limit on the amount of charges that can be paid over time with interest and can be found here.  While you can continue to spend beyond your Pay Over Time limit, all charges that exceed the Pay Over Time limit will be added to the Minimum Payment Due and must be paid in full at the end of the billing period.
 
Any transactions that would cause the Pay Over Time limit to be exceeded will not be added to your Pay Over Time balance. For example, if you have $1,000 Pay Over Time available limit and you have made a $1,500 transaction on your card, that transaction will not be added to your Pay Over Time balance.
 
Both Cash Advances and transactions added to your Pay Over Time balance count against your Pay Over Time limit.  We will not place any charge into a Pay Over Time balance if it causes the total of your Cash Advance balance and your Pay Over Time balance(s) to go over your Pay Over Time limit.

No. Your Pay Over Time limit is not a spend limit. Unless you have been previously notified, your Card continues to have no pre-set spending limit. No pre-set spending limit does not mean unlimited spending. Purchasing power adjusts with your use of the Card, your payment history, credit record and financial resources known to us, and other factors.  Amounts above your Pay Over Time limit are added to the Minimum Payment Due and must be paid in full at the end of the billing period.

For charges automatically added to a Pay Over Time balance with Pay Over Time Direct, you can avoid paying interest by paying the "Account Total New Balance" by the "Payment Due Date" each month. For charges added to a Pay Over Time balance at your request with Pay Over Time Select, we will begin charging interest as of the date they are added to your Pay Over Time balance.