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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Credit card writer Danyal Ahmed is an avid traveler, averaging about 100,000 aeronautical miles per year. He regularly applies that knowledge and his expertise in credit cards to his role as a credit card writer at TPG.
March 21, 2025 • 7 min read
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.
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Quick summary
Pay Over Time is a feature on select charge cards that allows cardholders to carry a balance and pay over multiple months, rather than paying in full each cycle.
Eligible purchases are automatically added to the Pay Over Time balance, subject to a predetermined limit set by the issuer.
Interest accrues on carried balances, which can significantly increase the total amount owed if not paid off promptly.
The feature is automatically enabled on certain personal and business cards, but can be deactivated by the cardholder at any time.
What to consider
Interest charges on Pay Over Time balances can be substantial, potentially outweighing any rewards earned.
The Pay Over Time limit is separate from the card's flexible spending limit and can be increased upon request, but changes are not always communicated proactively.
Using this feature does not impact your credit utilization ratio, as no preset spending limit is reported to credit bureaus.
What you'll miss from the article
A detailed walkthrough of how to manage, increase, or deactivate your Pay Over Time limit and comparisons to alternative financing options.
Generated by AI with support from our editorial team.
Comments
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
Card issuers are in the business of loaning money, and American Express creatively offers financing options to customers.
Today, we will look at what you need to know about Amex's Pay Over Time feature.
What is Amex Pay Over Time?
America Express Pay Over Time is a repayment feature offered on specific American Express cards. It provides cardmembers with flexibility in paying off their Amex card and carrying a balance.
American Express offers several cards that require the balance to be paid in full each month, but with Pay Over Time, they allow you to carry a balance and accrue interest like a traditional credit card.
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Like many traditional credit cards, Amex Pay Over Time charges a hefty interest rate. Carrying large balances can add up to hundreds of dollars a month to your bill.
Eligible charges on your Amex card are automatically added to your Pay Over Time account, so it's a good idea to keep an eye on your statement closing date to ensure you pay off your balance in full and avoid interest charges.
The information for the Amex Classic Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
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Amex Pay Over Time has no preset spending limit, but American Express determines how much you can finance. I have a Pay Over Time finance limit of $40,000 on my Amex Platinum and cannot exceed this amount despite having no preset spending limit on the card. If I am at the limit for Pay Over Time, I must pay down the balance before having other charges automatically added to it. No preset spending limit allows for a flexible spending limit, unlike a traditional card with a set limit. The amount you can spend adapts based on factors like your purchase, payment and credit history.
Pay Over Time can be paid off in a few ways. Cardmembers can pay off the entire balance (which also avoids interest charges), pay the minimum balance or pay any amount above the minimum balance.
How to enroll in Amex Pay Over Time
The following personal cards are auto-enrolled in Pay Over Time:
Like a traditional credit card, Amex Pay Over Time has a limit that cannot be exceeded. Although your Amex card may not have a preset spending limit, Pay Over Time can limit how much you can charge to the card and carry as a balance month to month.
Your Pay Over Time limit can be increased to give you more flexibility when financing larger purchases. Just as an issuer can increase your line of credit based on positive factors, such as credit utilization, good credit history and on-time payments, Pay Over Time works the same way.
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My Pay Over Time limit used to be $20,000, and over the last 18 months, I've seen it increase to $40,000. If you build your trust with Amex and continue engaging in positive credit card practices, you'll likely see the Pay Over Time limit increase. You won't be notified if Amex decides to increase your limit, so keep an eye on your monthly statements and take note of any changes.
You can also request an increase to your Pay Over Time limit by logging into your account, navigating to Account Services, and then clicking on Request Pay Over Time Limit Increase. You can enter your new desired Pay Over Time limit and Amex will let you know if your request is approved or denied.
How to turn off Amex Pay Over Time
You can easily deactivate Pay Over Time by calling customer service using the number on the back of your Amex card, logging into your account, navigating to Pay Over Time, and selecting the inactive option. Any changes made will be effective immediately.
This means you'll need to pay off your entire balance on the card once you've deactivated Pay Over Time. If you don't, your account could be subject to late fees and other penalties.
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Also, note that you must deactivate Pay Over Time for each card if you have multiple cards enrolled in Amex Pay Over Time.
American Express cards that offer Pay Over Time have no preset spending limit. This means that when your account is reported to the credit reporting agencies each month, they only see your total account balance and cannot compare it to the credit limit.
For example, if you have a Chase Sapphire Reserve® (see ) and are using $2,000 of your $10,000 credit limit, the credit reporting agencies will mark your credit utilization as 20% for that specific card. But since you don't have a present limit on your Amex card, using Amex Pay Over Time won't affect your credit score in this way.
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According to American Express, your Pay Over Time limit is not reported for personal or business cards and won't impact your credit score. As long as you continue to make minimum payments, your account will be in good standing with American Express.
Still, be aware that carrying a balance and accruing interest can reduce the rewards you earn on your card.
Although the flexible financing with Amex Pay Over Time is a nice option to have in the case of an emergency, this is not something you'll want to actively plan on using in most cases. The rapidly accruing interest will overshadow the value of any travel rewards you might earn.
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Another option worth considering is American Express's Plan It® program on personal cards (no enrollment required). This is a simple financing option that allows you to pay for eligible purchases over $100 in monthly installments.
You'll be charged a fixed monthly fee rather than accruing interest, so you'll know exactly how much you owe each month. Your monthly fee may be lower than the interest that is charged to your Pay Over Time purchases, making this a better option in some cases.
Bottom line
Amex has actively expanded its extended financing options. However, the fees and interest rates mean you should only consider these programs as last-resort options if you cannot pay your credit card balance.
