cancel
Showing results for 
Search instead for 
Did you mean: 

AmEx Platinum Pay Over Time Select

Highlighted
New Contributor

AmEx Platinum Pay Over Time Select

Received this email from AmEx yesterday regarding my Platinum card:


"We're excited to tell you that we've added a feature to your account that offers a flexible way to pay your monthly balance - welcome to Pay Over Time Select. This feature is an addition to your account, so there's an advance notice period before you can take advantage of your new payment option. You will have full access to Pay Over Time Select on 11/07/2019."

 

Always PIF way before the due date, so I have no need for this.  Maybe they are pushing POT for all their cards?

Message 1 of 14
13 REPLIES 13
Highlighted
Frequent Contributor

Re: AmEx Platinum Pay Over Time Select

They've put me on it automatically but I am a PIFer.   

 

There is a toggle switch in the online account to turn it off - I forget what page but its around your POT info pages.

 

 

 

Stay Liquid My Friends...


Starting Score: F8 3xx
Current Score: F8 789
Goal Score: F8 800


Take the myFICO Fitness Challenge



Message 2 of 14
Highlighted
Community Leader
Senior Contributor

Re: AmEx Platinum Pay Over Time Select

In the account, look under Payment Options.


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | PenFed PCR | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | 2017 Audi A6 Prestige S-Line





TCL $85,100| Agg. Util under 5%
Message 3 of 14
Highlighted
Community Leader
Mega Contributor

Re: AmEx Platinum Pay Over Time Select


@Lucifer wrote:

They've put me on it automatically but I am a PIFer.   

 

There is a toggle switch in the online account to turn it off - I forget what page but its around your POT info pages.

 

 

 


Im a LIEr, nice to meet you PIFerSmiley Happy

Message 4 of 14
Highlighted
Super Contributor

Re: AmEx Platinum Pay Over Time Select

Was that really necessary?
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 5 of 14
Highlighted
Valued Contributor

Re: AmEx Platinum Pay Over Time Select


@AverageJoesCredit wrote:

@Lucifer wrote:

They've put me on it automatically but I am a PIFer.   

 

There is a toggle switch in the online account to turn it off - I forget what page but its around your POT info pages.

 

 

 


Im a LIEr, nice to meet you PIFerSmiley Happy


Why is it that I hear the Jaws theme when it comes to you two? Baaahahaha!!!!

 

And now for something completely different...

 

POT Direct is the only thing you need to worry about. POT Select moves things over $100 and doesn't charge interest until the next statement.

 

POT Direct starts charging interest on whatever amount from the posting date of the charge.

 

Select = Good

Direct = Bad... Very bad!!





Okay, I tried... Code wouldn't cooperate. Tried for 3 hours!!!
CapOne WMTMC 10K
AMEX GREEN NPSL
AMEX ED 26.1K
Message 6 of 14
Highlighted
Contributor

Re: AmEx Platinum Pay Over Time Select

I had to go back and check a few of my last statements because I thought I made a terrible mistake. But six or seven months ago I enrolled into Pay Over Time Direct because they were offering 10,000 points to do so. I always pay in full the day before the statement date, statements are always $0 and have never been charged interest. So the Pay over Time Direct option doesn’t charge interest on cards immediately.
Message 7 of 14
Highlighted
Frequent Contributor

Re: AmEx Platinum Pay Over Time Select

Yes.   Yes it was and it was goooooooooood.

Stay Liquid My Friends...


Starting Score: F8 3xx
Current Score: F8 789
Goal Score: F8 800


Take the myFICO Fitness Challenge



Message 8 of 14
Highlighted
Contributor

Re: AmEx Platinum Pay Over Time Select

No more chance to get the 10000 points if this happens automatically?

Message 9 of 14
Highlighted
Valued Contributor

Re: AmEx Platinum Pay Over Time Select


@tlk1535 wrote:
I had to go back and check a few of my last statements because I thought I made a terrible mistake. But six or seven months ago I enrolled into Pay Over Time Direct because they were offering 10,000 points to do so. I always pay in full the day before the statement date, statements are always $0 and have never been charged interest. So the Pay over Time Direct option doesn’t charge interest on cards immediately.

I must have misread it then... Maybe it's because it only charges it if the charges create a closing balance? Since you PIF before it cuts, maybe they don't charge interest?





Okay, I tried... Code wouldn't cooperate. Tried for 3 hours!!!
CapOne WMTMC 10K
AMEX GREEN NPSL
AMEX ED 26.1K
Message 10 of 14
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.