Established Contributor
Posts: 825
Registered: ‎09-12-2011
Re: Changes with Amex Premier Rewards Gold Card Pay Over Time

n777ua wrote:

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: TU08 842 EQ08 817 EX08 825 6/23/16 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $35.9K; Sallie Mae WMC $17.5K; Sears MC $10.1K; US Bank Cash+ Visa Sig $26K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K