Details
Written by: RJ
Amex has notified cardholders starting 2/1/27 they’ll automatically be enrolled in Pay Over Time. There is no opt out option:
Starting February 1, 2027, the Pay Over Time setting will be permanently set to Active, and any new charges will be automatically added to your Pay Over Time balance, up to your Pay Over Time Limit.
- If your Pay Over Time setting is set to Active prior to the effective date, there will be no changes to your current payment options. You can still choose each month to pay your Account Total New Balance in full, the Minimum Payment Due, or any amount in between.
- If your Pay Over Time setting is set to Inactive prior to the effective date, you will see an additional payment option, the Minimum Payment Due, each month starting with your next billing statement after the effective date. You can choose each month to pay your Account Total New Balance in full, the Minimum Payment Due, or any amount in between.
Thoughts
Pay Over Time is Amex’s feature that turns the charge cards into credit cards (more or less) allowing Amex to collect interest for those who choose not to pay the balance in full each month. Not a big deal for those who don’t carry a balance.
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Editorial Note:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.