topic Re: Amex "Pay as you Go" program. in Credit Cards

Amex "Pay as you Go" program.

Anonymous — Mon, 10 Jun 2013 23:08:33 GMT

Hi all, My wife just got a letter from Amex stating that she is now enrolled in the new Amex "Pay as you Go" program on her Green card. Yes Green card.

The caveat seems to be that they won't commit to which purchases specifically are going to be approved for the Pay as you Go program. As such I am leery of allowing anything major to be placed on that card since if they don't approve it for the program, its due at the end of the cycle.

She has no preset spending limit and they have her Pay as you Go max capped off atm at 35K.

Anyone know anything else about this new program of theirs? the letter arrived today.

Re: Amex "Pay as you Go" program.

LS2982 — Mon, 10 Jun 2013 23:10:21 GMT

@Anonymous wrote:
Hi all, My wife just got a letter from Amex stating that she is now enrolled in the new Amex "Pay as you Go" program on her Green card. Yes Green card.
The caveat seems to be that they won't commit to which purchases specifically are going to be approved for the Pay as you Go program. As such I am leery of allowing anything major to be placed on that card since if they don't approve it for the program, its due at the end of the cycle.

She has no preset spending limit and they have her Pay as you Go max capped off atm at 35K.

Anyone know anything else about this new program of theirs? the letter arrived today.

I'm curious about this program myself but scared to try it

I have the same offer.

Re: Amex "Pay as you Go" program.

Anonymous — Mon, 10 Jun 2013 23:12:07 GMT

Exactly. I can't go for putting a heavy charge down on it only to find out they won't approve it and it has to be paid right away. Thats no bueno. I try very hard to insure all my balances are paid each cycle and a mickey in the deck like that could really F me up. hmmmm

Re: Amex "Pay as you Go" program.

Anonymous — Mon, 10 Jun 2013 23:13:45 GMT

What does this program actually do and what are the benefits? First time I'm hearing about this

Re: Amex "Pay as you Go" program.

LS2982 — Mon, 10 Jun 2013 23:19:19 GMT

@Anonymous wrote:
What does this program actually do and what are the benefits? First time I'm hearing about this

I believe you select charges $100 or more (less than $100 are ineligible) for Pay over time and it revolves monthly for a minimum payment. You can PIF when you have it.

Re: Amex "Pay as you Go" program.

scarzy — Mon, 10 Jun 2013 23:20:47 GMT

Very interesting. Amex thinks people will charge more if they're on that plan. Hmmm.

Re: Amex "Pay as you Go" program.

Trigga — Mon, 10 Jun 2013 23:22:57 GMT

Is this for the Amex Green Card ??

Re: Amex "Pay as you Go" program.

Anonymous — Mon, 10 Jun 2013 23:23:46 GMT

Ah I see. That's a nice feature. Is there 0% apr financing or its charged at standard apr?

Re: Amex "Pay as you Go" program.

09Lexie — Mon, 10 Jun 2013 23:23:55 GMT

Afaik, all charge cc's. the interest rate seems high

Re: Amex "Pay as you Go" program.

Anonymous — Mon, 10 Jun 2013 23:30:18 GMT

It appears to be a program under which the card holder may label certain charges as Pay as you go, but its up to amex whether or not they will approve them as Pay as you go or as a regular charge, which on a charge card would need essentially immediate payment.

I just called Amex though and they told me that any Travel charges will be automatically counted as Pay as You Go through the sign and go program or some such name.

The other caveat is that the charges must be more than 100 dollars and not be things like cash advances, traveller's cheques, casino charges etc etc.

Interest rate is higher then most tier 1 cards by a large margain.

Re: Amex "Pay as you Go" program.

09Lexie — Mon, 10 Jun 2013 23:32:02 GMT

Yea, the interest rate was got be to say no thank you.

Re: Amex "Pay as you Go" program.

Anonymous — Mon, 10 Jun 2013 23:33:03 GMT

Hmmm yea not really that attractive then, though the flexibility is still a nice feature to have nevertheless

Re: Amex "Pay as you Go" program.

09Lexie — Mon, 10 Jun 2013 23:34:29 GMT

Only if you don't have avail credit with better terms on another cc. Least that's how I decided

Re: Amex "Pay as you Go" program.

RSCo — Tue, 11 Jun 2013 00:22:24 GMT

@Anonymous wrote:
Hi all, My wife just got a letter from Amex stating that she is now enrolled in the new Amex "Pay as you Go" program on her Green card. Yes Green card.
The caveat seems to be that they won't commit to which purchases specifically are going to be approved for the Pay as you Go program. As such I am leery of allowing anything major to be placed on that card since if they don't approve it for the program, its due at the end of the cycle.

She has no preset spending limit and they have her Pay as you Go max capped off atm at 35K.

Anyone know anything else about this new program of theirs? the letter arrived today.

Is this feature the same feature that they offer that's called "Pay Over Time?" If so, here are the features..

It gives you extra time to pay for eligible purchases of $100 or more over time.

Choose to pay your entire balance in full, your minimum payment due, or any amount in between.
Only pay interest on charges you choose to pay over time
Use one Card for everything and continue to enjoy:

I understand the program allows you to move purchases of $100.00 or more to the Pay Over Time option.. At least this is how it worked when I had my Platinum years ago and I picked and chose what if any transactions over $100.00 that I wanted to move.. And, I was just enrolled for the same program under my PRG..

Re: Amex "Pay as you Go" program.

Anonymous — Tue, 11 Jun 2013 21:30:46 GMT

Yes I believe that is the same program.