Amex Plan-It update

[joltdude]

Just got an emai from Amex explaining how you could group up to 10 purchases of at least a hundred each into a Plan-It

Plan It® is an exclusive benefit that lets you split up large purchases over time for a fixed monthly fee and no interest. And now, you can combine multiple purchases of $100 or more into one plan. There’s no sign-up required, and creating a plan is easy.

This reminds me of Blispay but you had to call them to group purchases... Did this once with an Amazon order that split into multiple charges... 

-J

[CreditInspired]

I got this email from AmX. I dont think it’s targeted. 

[Anonymous]

I haven’t gotten that email yet. 

I actually used Plan-It for two purchases just to kind of save myself some payments while I have the 0% intro without worrying about AMEX giving me a CLD. 

Its a neat little feature. I got my first bill today and I love how it still shows my full account balance and then has an adjusted balance that includes my Plan-It so I don’t have to work out any math on how much to pay.  

Although with a regular 24.24% APR, I won’t be doing any Plan-It purchases once my intro is over. It’s definitely a nice way to put large purchases on my Cash Magnet and not worry about AA for low payments though. 

[kilroy8]

I got it, too.

[joltdude]

Didn't think it was a targeted offer, but an upgrade to how Plan-It operates....

Kinda been using Plan-it to track my 0% offers iv paid over time... Like the adjusted payment feature.. easier than doing the math yourself and tracking 0% as long as it fits into the offer period.... as Sauren mentioned before... 

Also makes it easier to figure out the amount to PIF the non Plan-it purchases every month... (regarding adjusted payment data)

-j

[Anonymous]

Received this email as well.  Never used the plan it but nice to have options.

[M_Smart007]

I got it @ 5:33pm Today

[wasCB14]

Has anyone gotten a targeted no-fee offer lately? For general purchases, that is...not just for purchase at a specific merchant.

[NRB525]

@Anonymous, it would be interesting to see what your Plan It feed calculate to, after the 0% completes. I expect it will be a lot less than 24%.

If you set Plan It now, does it have offer periods that extend beyond the 0% availability?

[Anonymous]

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@NRB525 wrote:
@Anonymous, it would be interesting to see what your Plan It feed calculate to, after the 0% completes. I expect it will be a lot less than 24%.

If you set Plan It now, does it have offer periods that extend beyond the 0% availability?

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No it doesn’t. The longest one it has offered me is 12 months on a $120 purchase and my 0% isn’t over until 10/2020. I know for a fact it will be a lot lower, probably more around 14-15% from examples I have seen, but when I have the NFCU Platinum card at 8.24%, if I had to carry a balance it would be on that card. 

That said, I don’t carry balances. I’ve paid about less than $10 in interest since I got my QS back in 2014 and back then I didn’t really have the option of just opening a new card for 0% or buying on Amazon on deferred interest like I have available to me now so I don’t expect to pay interest any time soon. The only reason why I am even carrying a balance from one month to the next right now is because I have two SUBs to hit by September 5th.