Pay Over Time is a feature from American Express (Amex) that lets you spread out payments on eligible purchases over $100 instead of paying them off all at once. This can be helpful if you need more time to pay off larger expenses.

Here’s how it works:

• Eligible Purchases: If you make a purchase over $100, you can choose to pay it off over time. Some purchases, like certain fees, might not be eligible.
• Interest Charges: If you choose to pay over time, you’ll be charged interest on the amount you haven’t paid yet. The interest rate depends on your card and credit.
• Flexible Payments: You can decide how much to pay each month—just the minimum, the full amount, or something in between. Whatever is left will accrue interest.
• Automatic Enrollment: Some cards come with "Pay Over Time" already set up, while others let you opt-in.

Which American Express Cards Offer "Pay Over Time"?

"Pay Over Time" is available on several Amex cards, mostly on charge cards and some credit cards. Here are a few examples:

1. American Express® Green Card
2. American Express® Gold Card
3. The Platinum Card® from American Express
4. American Express® Business Gold Card
5. American Express® Business Platinum Card

Things to Keep in Mind

• Interest Rates: Interest can add up quickly, so it’s important to know how much carrying a balance will cost you.
• Credit Impact: Carrying a balance might affect your credit score since it impacts your credit utilization.
• Other Options: Amex also offers other payment plans, like "Plan It," where you can break up purchases into fixed payments with a set fee.

Before using "Pay Over Time," it’s a good idea to think about your budget and whether this option makes sense for you.