Can I pay over time with a charge card like the Green?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Munie
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Can I pay over time with a charge card like the Green?

Postby Munie » Mon Nov 14, 2011 5:08 am

I want to make a $1000 purchase but instead of paying back this purchase in its entirety by the end of the billing cycle I want to pay it monthly like a regular credit card, can I do that? If so, how?


Money card
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Postby Money card » Sat Nov 19, 2011 12:47 am

NO you must have another credit card even if you don't have any other American Express cards. I would use a Visa, Mastercard or a Discover to pay the 1,000 purchase.

Green cards are usually meant for people who travel on business. I know a lot of people use them for personal use but still.

for big purchases I would try and negotiate on the price see. if they have any coupons and if not just use a regular credit card like a Visa.

CC Deville
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Postby CC Deville » Sat Nov 19, 2011 12:33 pm

Munie wrote:I want to make a $1000 purchase but instead of paying back this purchase in its entirety by the end of the billing cycle I want to pay it monthly like a regular credit card, can I do that? If so, how?


Amex does, from time to time, offer an option to pay over time on their charge cards; however, you have to be approved for it and the interest rate is sky high. You would be better off using a traditional credit card with a lower interest rate.

ooxs
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Postby ooxs » Sat Nov 19, 2011 2:44 pm

You can pay over time with Amex and get a bonus doing so. Here is what you need to pay over time.
https://www212.americanexpress.com/dsmlive/dsm/dom/us/en/phaseib/payovertime_loc_5k.do?vgnextoid=79fc1a22f0076210VgnVCM200000d0faad94RCRD&srcCd=NH4

Hope this help

DoingHomework
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Postby DoingHomework » Sun Nov 20, 2011 11:10 am

AMEX cards are not just for people who travel on business.

You can pay over time on any purchase over $100 I believe but I would not recommend it. My Amex statement comes with an "amount due" that is what I must pay and then the larger amount that is the total amount charged. I always pay the balance in full though so I do not know the details. The link posted above should help..

lav141
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Paying a Gold Premier Rewards card over time?

Postby lav141 » Fri Nov 25, 2011 6:52 pm

Hi guys i have had the AMEX Premier Rewards Gold for a few months now and i have been paying it in full over time each and every month (like i have a choice) and i always have had the pay over time feature. Now if I cant afford to pay the full balance this month and pay the minimum this month will it effect my credit?

ooxs
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Postby ooxs » Fri Nov 25, 2011 9:44 pm

Not at all (+/- 5 points). Sometimes maintaining a balance actually help your credit.

DoingHomework
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Postby DoingHomework » Sat Nov 26, 2011 9:23 am

lav141 wrote:Hi guys i have had the AMEX Premier Rewards Gold for a few months now and i have been paying it in full over time each and every month (like i have a choice) and i always have had the pay over time feature. Now if I cant afford to pay the full balance this month and pay the minimum this month will it effect my credit?


It won't affect it much. As was said, it could be a slight positive or a slight negative. Since AMEX does not report a credit limit, having a higher balance is positive AFTER you have paid it down because your utilization in the future is lower. But while you have the higher balance your score will go down a bit.



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