American Express Pay Over Time guide
Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.
With the American Express Pay Over Time program, you’ll get extra flexibility in how you use your Amex charge cards. It’s easy to enroll, and even better, Amex sometimes offers bonus points for enrollment — though we aren’t aware of any current offers at the moment.
This may sound too good to be true, but it’s not. In the past, I enrolled two Amex Membership Rewards points-earning cards and earned a total of 20,000 bonus Amex points. If I had transferred those points to an Amex transfer partner like Delta, that would have been enough miles for a free flight between various U.S. cities.
Let’s take a look at how the Amex Pay Over Time program works.
Amex Pay Over Time
Some cards that earn Amex Membership Rewards points are charge cards, not credit cards. The difference is that a charge card must be paid in full each month. A credit card allows you to carry a balance each month and make minimum monthly payments.
However, Amex has a program called Pay Over Time, which allows you to carry a balance on your charge cards up to a pre-approved amount. In effect, it allows your charge card to function like a credit card.
Should you enroll?
It is never a good idea to carry a balance on your travel rewards cards. That’s because any rewards you earn will be negated by the interest you’ll end up paying.
With Pay Over Time, you don’t need to use the feature or carry a balance to earn the bonus for enrolling. But it’s a good option to have, since you never know when an emergency will arise. Pay Over Time won’t cost you anything unless you decide to use it.
How to earn bonus points for enrolling
Don’t enroll just for the heck of it. Wait to see if you’re targeted to earn bonus Amex Membership Rewards points for enrolling. In the past we’ve seen offers for 10,000 bonus Amex points, which is an incredible deal.
To earn the bonus points there’s no spending threshold to meet and no credit check required. And it takes about three seconds to enroll. It might be the easiest 10,000 points (of any points currency) you’ll ever earn.
So, if you’re ever targeted for the offer or are able to call Amex and get it, you should definitely take advantage of it. I’ve been able to register both my The Blue Business® Plus Credit Card from American Express and The Business Platinum Card® from American Express cards in the past.
We aren’t aware of any targeted offers for enrolling in the Amex Pay Over Time program at the moment. But keep an eye on your email and snail mail. And be sure to sign up for our newsletter here to be notified of any deals in the future.
Featured image by Sean Pavone/Shutterstock.
Chase Sapphire Preferred® CardAPPLY NOW
Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Either $5 or 5% of the amount of each transfer, whichever is greater.
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)