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Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
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Invitation to Amex FR?

I'm sure everyone probably got this letter or email. It said that you can charge up to 35k and pay over time.

This is on my Amex Green. I have no intention of doing that since I always treat all my cards like a debit and always PIF.

However, it's good to know that Amex offer some financial kick back for emergency funding for average spender.
2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: Invitation to Amex FR?


armbenderc wrote:
I'm sure everyone probably got this letter or email. It said that you can charge up to 35k and pay over time.

This is on my Amex Green. I have no intention of doing that since I always treat all my cards like a debit and always PIF.

However, it's good to know that Amex offer some financial kick back for emergency funding for average spender.

I got the same letter and enrolled. As long as you use it responsibly if you need to revolve a balance I would not worry about it.




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Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011
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Re: Invitation to Amex FR?

[ Edited ]
+1 @LS
There are a few threads regarding this. Used responsibly, it's a none issue. They wouldn't have offered you the revolving option if you weren't credit worthy with Amex. Not everyone gets the offer. APR is higher then their revolvers. Go for it. It's a nice perk. Congrats! :smileyhappy:

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Valued Contributor
dodgerslv
Posts: 1,759
Registered: ‎06-16-2012
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Re: Invitation to Amex FR?

[ Edited ]

improvingmycredit wrote:
+1 @LS
There are a few threads regarding this. Used responsibly, it's a none issue. They wouldn't have offered you the revolving option if you weren't credit worthy with Amex. Not everyone gets the offer. APR is higher then their revolvers. Go for it. It's a nice perk. Congrats! :smileyhappy:

awww...i didnt get a letter or email....:smileysad: But then i have had the green for not even 2 months.


Cards: (Citi x6) (Chase x5) (US Bank x3) (Amex x3) (Barclays x3) (BofA x3) (Cap1 x2) (WF x2) (Penfed x1) (Discover x1) (Sync/GE x4) (Macys x2)
Fico 08 scores (8/27/14) EX: 772 TU: 767 EQ: 778 (Utilization at 8% right now).





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Creditaddict
Posts: 20,096
Registered: ‎10-23-2007
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Re: Invitation to Amex FR?


armbenderc wrote:
I'm sure everyone probably got this letter or email. It said that you can charge up to 35k and pay over time.

This is on my Amex Green. I have no intention of doing that since I always treat all my cards like a debit and always PIF.

However, it's good to know that Amex offer some financial kick back for emergency funding for average spender.

WOW, Others that got the letter, is your number to revolve different?

Do you have credit card products from Amex too? I would want to know why my credit line on those were not $35k if I can revolve up to that on a charge!

Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
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Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
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Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011
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Re: Invitation to Amex FR?

@Creditaddict
It's standard on the Charger if offered the option to revolve a balance over time. 35K limit. Nice little perk. :smileyhappy:. Not all get the offer but you can apply:
http://www.americanexpress.com/us/content/pay-over-time/loc.html

Starting Score: 642
Current Score: EQ 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

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Established Contributor
CribDuchess
Posts: 636
Registered: ‎09-12-2011
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Re: Invitation to Amex FR?

I've had the Sign & Travel (extended pay option) on my Gold card for close to 20 years and used it once to buy emergency airline tickets about 17 years ago.  I took a few months to pay it off and there were no issues whatsoever.  About 14 months ago they sent me a letter regarding the Pay-Over-Time option and I got 5,000 MR points for enrolling in it.  My APR is actually not too bad - 15.24%, although other folks here have posted APRs around 18%.

 

If you need it, use it!  The fear of an FR is greatly exaggerated on these boards.

FICOs: TU08 841 6/3/14 per Wally; TU98 800 4/8/14; EQ04 769 6/8/14; EQ08 810 6/10/14; EX 805 6/12/14 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $15K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Simplicity Visa $15.1K; Discover IT $24K; Fidelity Amex $15K; PenFed Plat Rewards Visa Sig $20K; Sallie Mae WMC $12.5K; US Bank Cash+ Visa Sig $24.5K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Epic Contributor
Creditaddict
Posts: 20,096
Registered: ‎10-23-2007
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Re: Invitation to Amex FR?


CribDuchess wrote:

I've had the Sign & Travel (extended pay option) on my Gold card for close to 20 years and used it once to buy emergency airline tickets about 17 years ago.  I took a few months to pay it off and there were no issues whatsoever.  About 14 months ago they sent me a letter regarding the Pay-Over-Time option and I got 5,000 MR points for enrolling in it.  My APR is actually not too bad - 15.24%, although other folks here have posted APRs around 18%.

 

If you need it, use it!  The fear of an FR is greatly exaggerated on these boards.


+++11111

it's just that we are a board of super good and super bad I feel... so "I" am more sensitive to what I read sometimes because you see it more but us however many thousands of posters don't come close to an average amount of amex cardmembers actually FR'd.

Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Established Contributor
n777ua
Posts: 573
Registered: ‎05-29-2011
0

Re: Invitation to Amex FR?

Thats a great APR for the revolving option, I've been told they won't budge on that, and most everyone who has it that I know of is paying 18%.  They even reduced my APR to 10.24 on my BCE, but no dice on the Amex Green

 


CribDuchess wrote:

  My APR is actually not too bad - 15.24%, although other folks here have posted APRs around 18%.

 

If you need it, use it!  The fear of an FR is greatly exaggerated on these boards.




Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,
Established Contributor
CribDuchess
Posts: 636
Registered: ‎09-12-2011
0

Re: Invitation to Amex FR?


n777ua wrote:

Thats a great APR for the revolving option, I've been told they won't budge on that, and most everyone who has it that I know of is paying 18%.  They even reduced my APR to 10.24 on my BCE, but no dice on the Amex Green

 


 

Yeah, it's better than my APR on my BCE - I got 22.24% on that one.  My Costco TE has 15.24%.  My Optima has the lowest APR at 13.24%.

 

Good job on getting 10.24% on your BCE!

 

FICOs: TU08 841 6/3/14 per Wally; TU98 800 4/8/14; EQ04 769 6/8/14; EQ08 810 6/10/14; EX 805 6/12/14 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $15K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Simplicity Visa $15.1K; Discover IT $24K; Fidelity Amex $15K; PenFed Plat Rewards Visa Sig $20K; Sallie Mae WMC $12.5K; US Bank Cash+ Visa Sig $24.5K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K

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