Amounts listed for AMEX PRG on CR?

[elim]

This is PRG with Pay Over Time. 

The first charge I made was for 2k and I paid it before the statement cut (I did most times on this card). It only shows the High Balance ($723) of a statement cut (not what was charged).

COMPANY	American Express	American Express	Amex
LOAN TYPE	Credit Card	Credit Card	Credit Card
ACCOUNT NUMBER	-	XXXXXXXXXXXX	XXXXXXXXXXXX
ACCOUNT HOLDER	Individual	Individual Account	Individual
DATE OPENED	Oct, 2014	Oct, 2014	Oct, 2014
Status STATUS DATE Jan, 2015 Jan, 2015 Jan, 2015 CONDITION Not Updated Not Updated Not Updated LAST ACTIVITY Dec, 2014 - Not Available BALANCE $0 $0 $0 STATUS Pays account as agreed Paid or paying as agreed This is an account in good standing

LATE 30 DAYS	0 times	0 times	0 times
LATE 60 DAYS	0 times	0 times	0 times
LATE 90 PLUS DAYS	0 times	0 times	0 times
WORST DELINQUENCY	None Reported	None Reported	No update received
HIGH BALANCE	$723	$723	$723
TERMS	-	-	1 Month
SCHEDULED PAYMENT	-	-	-
CREDIT LIMIT	-	-	-
REMARKS	-	-	-

[Anonymous]

I have 18.49% APR on POT with my Plat and PRG cards. I never use the feature but, it gives me a hard due date with a minimum payment figure which i like vs the vague  "please pay by" 2 weeks earilier. Therefor, I suggest, you always opt in if given the opportuinity. Dont forget, once you opt out of POT you never get a second chance. One time shot. I just dont see a down side to opting in.

AAOA 2 years . Never and lates or missed payments. EX 731  TU 727 EQ 735  

[Anonymous]

elim thanks a million times for helping me understand how the card will report to the bureaus.

[Anonymous]

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@Anonymous wrote:

I have 18.49% APR on POT with my Plat and PRG cards. I never use the feature but, it gives me a hard due date with a minimum payment figure which i like vs the vague  "please pay by" 2 weeks earilier. Therefor, I suggest, you always opt in if given the opportuinity. Dont forget, once you opt out of POT you never get a second chance. One time shot. I just dont see a down side to opting in.

AAOA 2 years . Never and lates or missed payments. EX 731  TU 727 EQ 735  

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OK I see your logic.  Opt in for the features but don't use because the rate is high. 

[bettercreditguy1]

. I have received several invitations  to trade up to the Amex Platinum Card. My current usage patterns would not give me enough returns to justify the increased membership fees. However, a person never wants tightly shut the windows or doors, lifestyles and events change.

[Anonymous]

Congrats on your new card! I love my PRG, it's my daily driver. I also have the Pay over Time option which I have yet to use, but it's a nice feature to have. The interest rate for me is on the higher side, which isn't surprising, but I PIF all cards that have interest so it's not a big deal.

[Anonymous]

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@Anonymous wrote:

Congrats on your new card! I love my PRG, it's my daily driver. I also have the Pay over Time option which I have yet to use, but it's a nice feature to have. The interest rate for me is on the higher side, which isn't surprising, but I PIF all cards that have interest so it's not a big deal.

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I plan on it being my daily driver also.  The more I think about it, it makes sense to get POT even though I plan not to use it.

[sjt]

From my experience they report it as a Open Account. Sometimes it shows as a Credit Card when you look at online CR, however its still coded as an open account and the balance is not factored in utilization on all three CR. The highest balance owed is listed where the credit limit is listed.