Amex Plan it Question

[Anonymous]

I have a rather large expense i want to put on one of my promo interest free cards. If I use the plan it feature does anyone know if it would post the adjusted balance to the credit bureaus or the total amount financed. I know its still 0% anyway, and if i "plan it" while on the promo time there are no fees but im tring to save a hit on reported utilization. 

[CramEiko]

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@Anonymous wrote:

I have a rather large expense i want to put on one of my promo interest free cards. If I use the plan it feature does anyone know if it would post the adjusted balance to the credit bureaus or the total amount financed. I know its still 0% anyway, and if i "plan it" while on the promo time there are no fees but im tring to save a hit on reported utilization. 

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I'm no expert, but it's still a purchase you used against your available credit limit = "UTI".

[CreditCuriosity]

Would be total charge as plan-it is just an agreement with AMEX to pay X amt over a given time.

[Anonymous]

That’s what I thought. Thanks. It looks like my wife already tried and used the plan it feature. Her statement cut today and it just has an adjusted balance so far. While I know it counts towards available credit, if it does only report the “adjusted” balance maybe it won’t impact total utilization. I’ll keep u guys posted. It hasn’t shown up on her credit report yet.

[HeavenOhio]

I'd expect it to report the full balance on the card at statement time. The adjusted statement balance is what you'd need to pay to avoid interest. Of course, you're at 0%, so interest is a non-factor for now.

[NRB525]

I just ran a Plan It, and AMEX splits the amounts into two categories on your statement. While the “adjusted amount” excludes the Plan It amount, the sum of those two categories is what is sent to the bureaus.

[Anonymous]

I used the Plan It feature recently and can also confirm that the total financed amount will be reported to the bureaus, not the adjusted balance.