Updated: Question about pay over time offered on activation

[nagisa]

I signed up for the Pay Over Time because a CSR was offering 10k MR points for it. I was actually calling in to get a PC from Gold to PRG. Never used it yet though, but the 10k points was nice.

[shakalaka]

I will ask them for sure for the Points. Let´s see who they value a new Platinum customer ... But it is not activated it, it will take 24-48 hours. Maybe they give me the points before I ask them anyway

[cashnocredit]

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@shakalaka wrote:

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@cashnocredit wrote:

Normally they offer POT after you have had a charge card for a while. You likely are seen as an excellent credit risk to be offered that on activation. I would hold off though. Amex will typically offer 5k MR points to sign up if you don't jump at the first offer. The last time I talked to a CSR they tried to get me to sign up for 10k MR points. Wait for a good deal. You don't have to use them and frankly, the interest rates on POT are pretty bad.

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Thanks, but this is interesting. My oldest card is 11 months and my history with Amex 4 months (ZYNC). But I talk it

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That's cool! They didn't offer me POT for 6 months. The first offer was just a notification I would be eligible after the next billing cycle. Then a couple months later they held out a 5k MR carrot. Then, when I called to add an AU the CSR offered POT with a 10k carrot. I pointed out there was no way I was going to POT at interest rates above 1%. He said sure but "lots of folks just sign up for the MR points and never use it."  It's really insane to offer me POT. I'm not just out of college. I'm retired and peeps that are retired should never carry balances.

Kinda hard for me to believe that's in their sales script.

[shakalaka]

 Update: Contacted Amex via the secure email system to ask for the 10.000 points ... received an answer 10 minutes later (WOW), 10.000 points added to my account. I love them

[webhopper]

I was offered pay over time at 18.99% interest with a pay over time limit of 35k when I activated my PRG. I think they consider me an excellent risk due to zync usage.

[jsucool76]

Congrats on the points. I think everyone gets the same terms for POT (18.99/35k)

[CribDuchess]

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@jsucool76 wrote:
Congrats on the points. I think everyone gets the same terms for POT (18.99/35k)

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Not quite true.  My APR for POT/Sign & Travel is 15.24%.  I think others have posted about lower APRs as well.  It's a nice feature, but it's too easy to find a 0% offer elsewhere if you need to carry a balance. Although, I do like the idea of no impact to UTIL% if you do carry a balance for a bit.