@learningcredit54 wrote:
@NRB525 wrote:I recently set up a Plan It for the largest charge I've ever done on a card, on my Platinum card. The charge was made after getting approval through Check Spending Power. The monthly Plan It fee works out to just over 10% APR. That APR will effectively increase if I keep it for the full 18 months of the Plan, but I'll handle it before then. If I were to use Pay Over Time, yeah that rate is usurious, so don't go there. But the common statement "AMEX has high APR" is not always the case.
Im curious as to what gets reported when one kicks in the pay over time feature.
Any idea if said balance affect overall utilization?
I'm not sure about utilization metrics, but the monthly payment obligation of the Plan shows up as a Minimum Payment. So if one is applying for a mortgage, a large Plan It would not be advised because it raises your DTI.
@learningcredit54 wrote:
@NRB525 wrote:I recently set up a Plan It for the largest charge I've ever done on a card, on my Platinum card. The charge was made after getting approval through Check Spending Power. The monthly Plan It fee works out to just over 10% APR. That APR will effectively increase if I keep it for the full 18 months of the Plan, but I'll handle it before then. If I were to use Pay Over Time, yeah that rate is usurious, so don't go there. But the common statement "AMEX has high APR" is not always the case.
Im curious as to what gets reported when one kicks in the pay over time feature.
Any idea if said balance affect overall utilization?
The entire balance gets reported
12/22 : 
@Anonymous wrote:American Express charge cards are the ones that you pay in full every month. Yes you can technically carry a balance on these cards from time to time, but it's with their approval, and the fees for this are very high. I would not recommend using that feature. It's a relatively new feature, and sounds confusing. In the past, American Express charge cards were pay in full only. So many of us are getting used to seeing this new feature. The first card you see in my signature is the American Express charge card. There are four different versions: Green, Gold, Platinum, and Black. Each one comes with different perks, and different annual fees. So you just go with the one that offers the perks you want. I have the Green because it has the perks that I love. The most elusive and exclusive one is the Black. The Black is for the ultra rich, and is offered by invitation only. For example, many celebrities have the Black.
I also have the green card, opened in july. Is it end of month or statement closing date or due date that comes up? just want to make sure i am PIF to build a good relationshipwith amex. Thanks
Charge cards have no underwriting 
. Opra...I mean Amex: You get charge card! You get charge card! And you! And you!
Seriously, if you are living, breathing (if at all 
), and haven't burned them, you can probably get a Charge card from them.