Check if you’re targeted for up to 20,000 Amex points by enrolling in ‘Pay Over Time’

Mar 26, 2021

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Editor’s note: This story has been updated with the latest information. 


Amex’s Pay Over Time program is the company’s extended-financing option, allowing eligible cardholders to pay eligible charges of $100 or more over time with interest.

To get card members to enroll in this program, Amex sometimes offers targeted card members up to 20,000 bonus Membership Rewards points for enrolling — and the offer is now back.

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At current TPG valuations, 20,000 Membership Rewards points are worth $400 — making this a lucrative enrollment offer. Amex offers this targeted enrollment bonus from time to time, but it appears that another round of offers was sent out recently.

When you enroll, you’ll get a confirmation email with your Pay Over Time limit and interest rate.

It’s important to note that you don’t actually have to use the program in order to get the bonus. Remember, the first and most important of TPG‘s ten commandments for travel rewards credit cards is “thou shalt pay thy balance in full.” Any points you’re going to get on these cards are never worth the interest you’d have to pay to get them.

Related: Your ultimate guide to Amex Pay Over Time

If you want to see if you’re targeted for this promotion, here are some ways to check:

  • Check your email for an offer from American Express with subjects like “Congratulations, [name]! You’ve Been Selected to Enroll in a Flexible Payment Option;” “You Qualify for a Flexible Payment Option” or “Congratulations, Card Member. You’ve Been Selected to Enroll in a Flexible Payment Option on Your Card”
  • Check your physical mail for a mailer from American Express
  • Check this link

If you’re not targeted, you’ll get a message that no cards are eligible to enroll at this time:

(Photo courtesy of Amex)

Or, if you’ve already enrolled that card, you’ll get the following message:

(Photo courtesy of Amex)

Related: Best Amex cards for 2021

Again, we recommend never carrying a balance — particularly on a travel rewards card that has a high-interest rate — it’s not worth enrolling in Pay Over Time unless you’re getting a bonus for doing so and plan on never paying interest.

Some examples of Amex cards that might be eligible to enroll in Pay Over Time are:

Note that as of late 2020, many Amex cards already come with Pay Over Time embedded when you apply. In this case, you also won’t be eligible for these targeted offers.

Additional reporting by Chris Dong and JT Genter. 

Featured photo by The Points Guy.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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