With Pay Over Time, we offer eligible Charge Card Members the option to pay for certain charges over time. There is no fee to enroll, and you can simply choose each month to pay your balance in full, the minimum amount due, or anything in between. Discover which features may fit your lifestyle: Extended Payment Option - With Extended Payment Option, eligible charges of $100 or more are automatically moved into your Pay Over Time balance. Select & Pay Later - With Select & Pay later, you can manually select which charges of $100 or more you would like to pay over time. * Sign & Travel - With Sign & Travel, eligible travel-related charges such as airline tickets, hotel stays, car rentals, cruises and foreign charges will be automatically moved into your Pay Over Time balance. Learn more about Pay Over Time.
There's POT direct and POT select. By default, POT direct is selected. Any charge over $100 goes in that pile, up to your limit of $11k. You can fill up that limit over multiple months. When your bill comes, you can either pay it in full, or pay the balance that isn't POT + the POT monthly charge at 22%.
You can also choose POT select if you want to manually move charges into POT. Either way, you have the grace period to pay it all off if you want.
@Anonymous wrote:Amex Rep told me the charges over $100 was for the Plat card. The green card it can be a dollar and you can do POT. That's what I was told
@Brian_Earl_Spilner wrote:There's POT direct and POT select. By default, POT direct is selected. Any charge over $100 goes in that pile, up to your limit of $11k. You can fill up that limit over multiple months. When your bill comes, you can either pay it in full, or pay the balance that isn't POT + the POT monthly charge at 22%.
You can also choose POT select if you want to manually move charges into POT. Either way, you have the grace period to pay it all off if you want.
They were wrong. The only other amounts listed are $200, 500, and 1000 for business card holders.
@Anonymous wrote:Except it doesn't report balance to credit bureau so it won 't factor in to the aggregate utilization.
There's one or two older scoring models where it would report using your highest charged amount as your limit. Don't remember which. They're pretty rarely used anymore.