topic Re: Pay Over Time--AMEX Platinum in Credit Cards

Pay Over Time--AMEX Platinum

MrShush — Wed, 07 Nov 2012 22:21:46 GMT

Just an observation; I was perusing my October statement and there was a section about pay over time terms and it says my limit was $35,000. Sort of like WOW.

Re: Pay Over Time--AMEX Platinum

Repo-ed — Wed, 07 Nov 2012 22:22:46 GMT

Damn

Re: Pay Over Time--AMEX Platinum

shakalaka — Wed, 07 Nov 2012 22:23:20 GMT

It is sort of the standard limit AFAIK

And pay over time needs to be activated, you do not have it automatically

Re: Pay Over Time--AMEX Platinum

MrShush — Wed, 07 Nov 2012 22:29:06 GMT

shakalaka wrote:
It is sort of the standard limit AFAIK

And pay over time needs to be activated, you do not have it automatically

I wasn't aware of a limit especially a universal one. Just a section I noticed and thought it was interesting. I'm pretty sure mine is/was activated though.

Re: Pay Over Time--AMEX Platinum

improvingmycredit — Wed, 07 Nov 2012 22:40:40 GMT

MrShush wrote:
shakalaka wrote:
It is sort of the standard limit AFAIK

And pay over time needs to be activated, you do not have it automatically
I wasn't aware of a limit especially a universal one. Just a section I noticed and thought it was interesting. I'm pretty sure mine is/was activated though.

Hey MrShush!

I think that the 35K limit is standard unless approved at activation/invite it states differently. My limits are 35K on both my charge cards with Amex. My brother's was activated with 18K. Not everyone is offered this "perk" and it's based on internal score and ability to pay.

Re: Pay Over Time--AMEX Platinum

MrShush — Wed, 07 Nov 2012 22:42:46 GMT

improvingmycredit wrote:
MrShush wrote:
shakalaka wrote:
It is sort of the standard limit AFAIK

And pay over time needs to be activated, you do not have it automatically
I wasn't aware of a limit especially a universal one. Just a section I noticed and thought it was interesting. I'm pretty sure mine is/was activated though.

Hey MrShush!
I think that the 35K limit is standard unless approved at activation/invite it states differently. My limits are 35K on both my charge cards with Amex. My brother's was activated with 18K. Not everyone is offered this "perk" and it's based on internal score and ability to pay.

Roger! That makes sense. Base upon internal criteria if fluctuates--like everything else with them.

Re: Pay Over Time--AMEX Platinum

Cadillac-XTS — Wed, 07 Nov 2012 22:58:54 GMT

Mine is 35k as well and is only applied to purchases $100.00 or more. Im thinking about using the pay over time feature real soon.

Re: Pay Over Time--AMEX Platinum

iCoop — Wed, 07 Nov 2012 23:00:42 GMT

What's the typical interest rate for pay over time with a charge card?

Re: Pay Over Time--AMEX Platinum

Cadillac-XTS — Wed, 07 Nov 2012 23:04:27 GMT

Very good question. I believe its 18% on mine but may be wrong. I personally dont have a concern about the interest considering it will only be spreaded out 1-3 months at most.

Re: Pay Over Time--AMEX Platinum

CribDuchess — Thu, 08 Nov 2012 00:57:53 GMT

Awhile back there was a MR bonus of 5,000 points if you activated the Pay Over Time feature. I did so and got the 5,000 bonus points. But I believe there have been offers of 10,000 bonus points as well. My APR for pay over time is 15.24%. I have only used this feature once (back when it was called Sign & Travel) to purchase some last minute airline tickets.

Re: Pay Over Time--AMEX Platinum

Scuba — Thu, 08 Nov 2012 01:37:12 GMT

I never read my AMEX statements but now that I did, it shows $35K on Platinum and $35K on Zync.

I doubt they would extend a $70K of pay over time credit line to me.

I bet when you have multiple cards, they combine the pay over time credit lines. Does anyone know this for sure?

Re: Pay Over Time--AMEX Platinum

cardslayer — Thu, 08 Nov 2012 04:20:10 GMT

I got a letter (snail mail) **bleep** seems to be the standard CL **bleep**

I did not get any such notice **bleep**

Re: Pay Over Time--AMEX Platinum

cardslayer — Thu, 08 Nov 2012 04:21:43 GMT

Hmm weird, everything in my last post showed up as "bleep". I was saying that my limit is also 35k, so it's standard.