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Hey Guys,
I currently have 4 Amex accounts and run through over five figures in charges per month. I have a 4 year history with Amex, never been late and have a good credit history.
I recently discovered the "pay over time" feature so I called up Amex to request it. This could come in handy for some of my really large purchases. They tell me I'm not eligible. Huh? I have friends who have this feature, yet, don't even charge a fraction of what I do each month or have the credit that I do.
Thoughts?
Uncle Money
Personal: American Express Platinum - NPSL | American Express Blue Cash Preferred - $15,000 | Chase Sapphire Reserve - $38,500 | Chase Amazon Prime Visa - $7,200 | Chase Freedom - $500 | Barclaycard Arrival+ - $18,600 | PenFed Platinum Rewards - $25,000 | PenFed LOC - $10,000 | Navy Federal Credit Union Platinum Visa - $25,000 | Navy Federal Credit Union LOC - $10,000 | Citi Double Cash - $12,170 | Citizens Cash Back+ - $8,650 | Citizens LOC Overdraft - $8,000 | Discover - $10,000 | Capital One Quicksilver One - $3,600 | Capital One Platinum - $750 | Valero - $600 | Dell - $3,000 | Lowes Advantage - $30,000 | Macys Amex - $25,000 | The Home Depot - $7,500 | Tourneau - $15,000
Business: American Express Business Platinum Card - NPSL | American Express Plum Card - NPSL | American Express SimplyCash Plus - $10,000 | American Express Gold Card - NPSL | Bank of America Cash Rewards - $100,000 | Capital One Spark Business - $54,000 | Chase Business Preferred - $34,000 | Chase Business Ink - $15,000 | PNC Bank Cash Rewards Visa Signature - $19,000 | PNC LOC $100,000 | BP Business Solutions - $1,500 | KeyBank Mastercard - $6,000 | Staples More Account - $3,500
To clarify are all of them charge cards?
@Anonymous wrote:To clarify are all of them charge cards?
Wouldnt worry too much, those of us that do have the feature dont really see any qualifying purchases flagged for the feature anyways. I just dont use AMEX to carry any kind of balance.
Amex does not like to see balances on their cards. I would not keep any balance more than 3 months. Amex likes the pay in full accounts. Dont waste your time.
@CreditMuppet wrote:
@Anonymous wrote:To clarify are all of them charge cards?
Wouldnt worry too much, those of us that do have the feature dont really see any qualifying purchases flagged for the feature anyways. I just dont use AMEX to carry any kind of balance.
What do you mean? I have it and I see tons of charges flagged for it. When I get my bill, I have a total balance, and a minimum payment for all of my non-pay-over-time charges. I have never used it to float any charges, but it does work on my account. I have a PR Gold card.
@Walt_K wrote:
@CreditMuppet wrote:Wouldnt worry too much, those of us that do have the feature dont really see any qualifying purchases flagged for the feature anyways. I just dont use AMEX to carry any kind of balance.What do you mean? I have it and I see tons of charges flagged for it. When I get my bill, I have a total balance, and a minimum payment for all of my non-pay-over-time charges. I have never used it to float any charges, but it does work on my account. I have a PR Gold card.
I occasionally use this feature to float larger charges such as a down payment on a car (i.e. $3,000.00). I am able to float any qualifying charge over $100.00. I have not had any issues using this feature and have not been placed on any kind of financial review... (experiences may vary).
@Walt_K wrote:
@CreditMuppet wrote:
@Anonymous wrote:To clarify are all of them charge cards?
Wouldnt worry too much, those of us that do have the feature dont really see any qualifying purchases flagged for the feature anyways. I just dont use AMEX to carry any kind of balance.
What do you mean? I have it and I see tons of charges flagged for it. When I get my bill, I have a total balance, and a minimum payment for all of my non-pay-over-time charges. I have never used it to float any charges, but it does work on my account. I have a PR Gold card.
It was my understanding that they were supposed to denote a qualfied purchase with a purple triangle or something, unless I am missing something I do not see any purchases which are marked that way but I do see I have at least one purchase this month listed for pay over time in the pay over time summary screen. I do have an AMEX revolver so its not really something I would use on the PRG but it seems I should be seeing more qualified purchases (over $100).
@CreditMuppet wrote:
@Walt_K wrote:
@CreditMuppet wrote:
@Anonymous wrote:To clarify are all of them charge cards?
Wouldnt worry too much, those of us that do have the feature dont really see any qualifying purchases flagged for the feature anyways. I just dont use AMEX to carry any kind of balance.
What do you mean? I have it and I see tons of charges flagged for it. When I get my bill, I have a total balance, and a minimum payment for all of my non-pay-over-time charges. I have never used it to float any charges, but it does work on my account. I have a PR Gold card.
It was my understanding that they were supposed to denote a qualfied purchase with a purple triangle or something, unless I am missing something I do not see any purchases which are marked that way but I do see I have at least one purchase this month listed for pay over time in the pay over time summary screen. I do have an AMEX revolver so its not really something I would use on the PRG but it seems I should be seeing more qualified purchases (over $100).
FYI, the diamond appears on your actual billing statement. I don't see any marking on my online activity summary, it just shows a total of pay in full charges and pay over time charges at the bottom of the screen. When I view my billing statement, there is a diamond next to pay over time charges.
@Walt_K wrote:
@CreditMuppet wrote:
@Walt_K wrote:
@CreditMuppet wrote:
@Anonymous wrote:To clarify are all of them charge cards?
Wouldnt worry too much, those of us that do have the feature dont really see any qualifying purchases flagged for the feature anyways. I just dont use AMEX to carry any kind of balance.
What do you mean? I have it and I see tons of charges flagged for it. When I get my bill, I have a total balance, and a minimum payment for all of my non-pay-over-time charges. I have never used it to float any charges, but it does work on my account. I have a PR Gold card.
It was my understanding that they were supposed to denote a qualfied purchase with a purple triangle or something, unless I am missing something I do not see any purchases which are marked that way but I do see I have at least one purchase this month listed for pay over time in the pay over time summary screen. I do have an AMEX revolver so its not really something I would use on the PRG but it seems I should be seeing more qualified purchases (over $100).
FYI, the diamond appears on your actual billing statement. I don't see any marking on my online activity summary, it just shows a total of pay in full charges and pay over time charges at the bottom of the screen. When I view my billing statement, there is a diamond next to pay over time charges.
Thanks Walt, I was looking in Recent activity / Statement expecting to see this, now I see its on the PDF invoice. I also note there is a "Pay over Time" link on the menu bar which lists qualified purchases.
@Red1Blue wrote:Amex does not like to see balances on their cards. I would not keep any balance more than 3 months. Amex likes the pay in full accounts. Dont waste your time.
False. If this were true, the majority of their cards wouldnt be revolvers.