Re: Changes with Amex Premier Rewards Gold Card Pay Over Time
10-04-2012 07:44 PM
I really like the POT feature. I have used it in the past, and am using it now. Its a great bene of the card. The only drawback, of course, is that it is not a favorable APR. I think its %18 for all cardmembers, irregardless of credit history. But, if you want to make a large purchase and pay for it over 2-3 months and get the MR points for it, POT is the way to go.
I don't think it is 18% for all cardmembers. Mine is 15.24% and I'm pretty sure I've seen posts by others indicating different APRs as well.
I only used it once (it was the sign & travel feature) about 15 or 16 years ago to purchase some last minute airline tickets. It is tempting to use it though if I were to make a big purchase and wanted to stretch out the payments - using POT would not affect my UTL (except on the TU98 model). And yes, the MR points would be nice, too!
FICOs: Walmart TU08 800 4/3/13; TU98 783 5/2/13; EQ 758 5/2/13; EX 741 (per US Bank 7/24/12)
My Wallet: Amex Gold NPSL w/Pay-Over-Time; Amex Optima Platinum $25K; Amex Costco TE $5K; Amex BCE $4K; BofA Visa $10.1K; Cap1 Cash Rewards Visa Signature $8K; Chase Freedom MC $7.5K; Citi Simplicity Visa $10.9K; Discover $5K; US Bank Cash+ Visa Signature $20K; Walmart Discover $10K