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10,000 Free Amex Points For Enrolling in Extended Payment Option

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Update: Offers for the Extended Payment Option are no longer available.

American Express charge cards are known for requiring payment in full every month or else you get hit with sky-high interest rates and fees. However, American Express is now offering the option to pay certain large purchases over time and most importantly, they are offering 5,000-10,000 Membership Rewards points for cardholders who add this Extended Payment Option to accounts on charge cards like the Platinum and Premier Rewards Gold. I remember seeing this promo in the fall and when I tried to enroll, it rejected my cards. However, this time around I registered and it accepted so I have 5,000 Amex points coming my way! This may still be targeted, so don’t get angry if it doesn’t accept your card.

There are two current offers – I’d try for 10,000 then 5,000

10,000 point registration link

5,000 point Registration link.

The great thing is that you don’t actually have to use this optional service to get the points- per the T&C. “To be eligible to get bonus points, you must be enrolled in the Membership Rewards® program at the time of enrollment in these features. Only one bonus offer per Membership Rewards account is permitted, and bonus points will be credited to your account within 6-8 weeks after enrollment. Maximum 5,000 points per account. Bonus ID: 7908 and 7906

The Amex Extended Payment Option enrollment page with promo details.

I’d just caution that, as usual, whenever you incur interest charges, they basically negate the value of any points you earn from charging an expense in the first place, so this isn’t a chance to rack up huge amounts of consequence-free points, but rather is designed as a stop-gap for small businesses or individuals who need to make purchases beyond their current means without ruining their credit.

Hat tip TPG Twitter follower @Manuel_C!

The Platinum Card® from American Express

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  • Earn 40,000 Membership Rewards® points after you use your new Card to make $3,000 in purchases in your first 3 months.
  • 5X points for flights booked directly with airlines or with American Express Travel.
  • $200 Airline Fee Credit, up to $200 a year for baggage fees and more at one airline. Terms Apply.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations worldwide. Terms Apply.
  • Enroll to enjoy the benefits of complimentary Hilton HHonors™ Gold Status with your Platinum Card.®
  • No interest charges because you pay your balance in full each month.
  • Terms and Conditions apply.
  • See Rates & Fees
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A N/A $450 0% Excellent Credit