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Amex “Pay Over Time” vs. “Pay It Plan It” Explained [Detailed Guide]

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Christine Krzyszton

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Normally, the best practice for utilizing any rewards-earning credit card is to pay off your entire balance each statement period. Not carrying over a monthly balance is the primary way to avoid interest charges that can negate the value of any rewards you’ve earned.

However, in the real world, things happen. A large appliance breaks down, tuition is due, the car needs unexpected repairs, or other emergencies can arise causing a need to pay back a large expense over time.

If you currently have an American Express card, chances are you’re familiar with the requirement of having to pay off your balance each statement period on many of the offered card products. Other cards allow you to carry over a balance and be charged interest.

Fortunately, there are convenient additional options featured on most American Express cards that allow you to select a payment plan for specific purchases and pay back those charges during a time frame that fits your situation.

Today we’re going to talk about Pay Over Time and Pay It Plan It, American Express payment plan options that allow you to control how you make payments on your Amex card account.

Let’s get started with our discussion on how these options work, the differences, and if these payment choices make sense economically.

Options for Repaying a Purchase

Instead of paying off your statement in its entirety at the end of any given billing period, American Express offers 2 options for paying back purchases over time and 1 convenient option to make smaller payments throughout any given statement period.

Before we dive deeper into how all of these options work, here’s a quick overview to lay the groundwork.

  • Pay Over Time — Decide whether you want to pay eligible purchases in full each month—or pay over time with interest
  • Pay It Plan It — Pay It Plan It is really 2 payment options. Pay It allows you to use the Amex Mobile app to make payments for selected purchases under $100 up to several times during a billing cycle. Plan It applies to purchases $100 or greater and allows you to select a payment plan that includes a set plan fee.

Now let’s look at how each of these options functions, how to activate these payment plans, and the economics of each.

Bottom Line: American Express has 2 options for repaying your purchases over time. Pay Over Time allows you to decide whether you want to pay eligible purchases in full each month—or pay over time with interest. Pay It Plan It offers the option to make several smaller payments each month via the Amex Mobile app or select payment plans for purchases $100 or more to be repaid over time with a set fee. 

Pay Over Time — How It Works

Amex Pay Over Time
You’ll find Pay Over Time on several personal and select business cards. Image Credit: Amex

With Pay Over Time (the new name for the former Pay Over Time Direct), you have options. You get to decide whether you want to pay eligible purchases in full each month—or pay over time with interest

  • Enrolling — There’s no need to register as eligible cards are automatically enrolled. You do have to activate the feature, but once activated, qualifying purchases are automatically added to your Pay Over Time balance.
  • Fees — Interest will be added to each payment.
  • Plan Limits — Your Pay Over Time limit will be stated on your account. Any purchases above that amount will be due in full each statement period.
  • Authorized User Purchases — Authorized user purchases also qualify for Pay Over Time.

Hot Tip: Watch your emails for Pay Over Time incentives. You may be eligible to receive 10,000 Membership Rewards points for enrolling in Pay Over Time. 

Pay It Plan It — How It Works

Pay It Plan It is really 2 features having different applications.

Pay It

Pay It allows you to make several small payments each month to your account without incurring any fees. The Pay It feature is available on the American Express Mobile app. To use Pay It, simply login to the app, select a qualifying purchase you want to pay (designated with the Pay It icon), then submit the payment.

You can make up to 5 Pay It transactions per day.

Pay It payments do not pay off the selected purchase but reduce your balance by the amount of that purchase.

Amex Pay It
Use the Amex Mobile app to make several small payments to your account each month without fees. Image Credit: Amex

Plan It

For purchases of $100 or more, you have the option to select a Plan It repayment plan for that purchase. You can have up to 10 active Plan It plans active at any 1 time.

Plan It Amex
Image Credit: Amex

It’s easy to calculate and build a Plan It payment plan that fits your budget. Fees are clearly disclosed upfront allowing you to make an educated decision on which plan makes sense for you.

Amex Plan It
Plan It allows you to customize your repayment plan. Image Credit: Amex

Bottom Line: Pay It Plan It is really 2 payment options — 1 for purchases under $100, and the other for purchases of $100 or more. Select Pay It to pay off small purchase amounts several times each statement period. Use Plan It for creating a custom payback plan for purchases $100 or more.

How to Find Out if Your Cards are Eligible

Not every Amex card has the Pay Over Time or Pay It Plan It features. Some cards have 1 feature and not the other. Additionally, not all customers will qualify for these features even if the payment plans are available on that particular card type.

Here are a few of the cards you can expect to have these payment features:

Pay Over Time

You’ll find the Pay Over Time feature on several American Express personal and business cards:

Blue Cash Everyday® Card from American ExpressTerms Apply / Rates & Fees

Blue Cash Everyday® Card from American Express

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This cash-back card offers a capped 3% at U.S. supermarkets, 3% at U.S. gas stations, and 3% on U.S. online retail purchases!

Learn More(at Amex's secure site)

Blue Cash Everyday® Card from American Express

This cash-back card offers a capped 3% at U.S. supermarkets, 3% at U.S. gas stations, and 3% on U.S. online retail purchases!
Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
$200
$0
19.24%-29.99% Variable,0% on purchases for 15 months
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

When it comes to cash-back credit cards, there are dozens of options to choose from. So what sets the Blue Cash Everyday® Card from American Express apart from the rest?

This card is excellent at earning cash-back on your everyday purchases at U.S. supermarkets, U.S. gas stations, and on U.S. online retail purchases. So if you regularly spend money on everyday purchases, this could be the perfect card to add to your wallet.

Pros

  • 3% back on purchases at U.S. supermarkets on up to $6,000 in purchases each year, then 1% back after.
  • 3% back on purchases at U.S. gas stations on up to $6,000 in purchases each year, then 1% back after.
  • 3% back on purchases on online retail purchases on up to $6,000 in purchases each year, then 1% back after.
  • Monthly credit towards The Disney Bundle
  • Monthly credit towards Home Chef

Cons

  • Rewards are not flexible and can only be redeemed for cash-back. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • No Annual Fee.
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
  • Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday® Card. Enrollment required.
  • Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday® Card.
  • Terms Apply.

Financial Snapshot

  • APR: 19.24%-29.99% Variable,0% on purchases for 15 months
  • Foreign Transaction Fees: 2.7% of each transaction after conversion to US dollars.

Card Categories

BEST FOR BONUSES
American Express® Business Gold CardTerms Apply / Rates & Fees

American Express® Business Gold Card

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).

Learn More(at Amex's secure site)

American Express® Business Gold Card

Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).
Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership
70,000 points
$1,540
$375
19.49% - 28.49% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The American Express® Business Gold Card is excellent at racking up rewards for your business spend.

The card earns a whopping 4x points per $1 in the 2 categories (from a list of 6) that your business spends the most money on each month. With no need to opt-in or preselect your categories, so you can focus on what matters most — running your business.

Pros

  • 4x points per dollar spent on your 2 highest purchase categories each month up to $150,000 each calendar year in purchases; categories include:
    • NEW! Transit purchases including trains, taxicabs, rideshare services, ferries, tolls, parking, buses, and subways
    • NEW! U.S. purchases made from electronic goods retailers and software & cloud system providers
    • NEW! Monthly wireless telephone service charges made directly from a wireless telephone service provider in the U.S.
    • U.S. purchases at gas stations
    • U.S. purchases at restaurants, including takeout and delivery
    • Purchases at U.S. media providers for advertising in select media (online such as Google Ads, Facebook Ads, plus TV and radio)
  • 3x points per dollar on flights and prepaid hotels booked on amextravel.com using your Business Gold Card
  • Access to Amex’s The Hotel Collection
  • Purchase protection and extended warranty protection
  • Trip delay insurance
  • Car rental insurance
  • Cell phone insurance

Cons

  • $375 annual fee (rates and fees)
  • No elite travel benefits like airport lounge access or elite status
  • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • Earn 4X Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.
  • Earn 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.
  • Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.
  • Get $12.95 back in statement credits each month when you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. $12.95 plus applicable taxes.
  • Your Card – Your Choice. Choose from Gold or Rose Gold.
  • *Terms Apply

Financial Snapshot

  • APR: 19.49% - 28.49% Variable
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

American Express Membership Rewards

Pay It Plan It

You’ll find the Pay It Plan It option on several personal Amex cards including these 2 popular cards:

BEST LOUNGE ACCESS
The Platinum Card® from American ExpressTerms Apply / Rates & Fees

The Platinum Card® from American Express

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Learn More(at Amex's secure site)

The Platinum Card® from American Express

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.
Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on the Card in your first 6 months of Card Membership.
80,000 points
$1,760
$695
See Pay Over Time APR
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Pros

  • The best airport lounge access out of any card (by far) — enjoy access to over 1,400 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges, Plaza Premium Lounges, and many more!
  • 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
  • 5x points per dollar spent on prepaid hotels booked with AmexTravel.com
  • Annual and monthly statement credits upon enrollment (airline credit, Uber Cash credit, Saks Fifth Avenue credit, streaming credit, prepaid hotel credit on eligible stays, Walmart+ credit, CLEAR credit, and Equinox credit)
  • TSA PreCheck or Global Entry credit
  • Access to American Express Fine Hotels and Resorts
  • Access to Amex International Airline Program
  • No foreign transaction fees (rates and fees)

Cons

  • $695 annual fee (rates and fees)
  • Airline credit does not cover airfare (only incidentals like checked bags)
  • Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
  • $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
  • $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
  • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
  • $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
  • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
  • $300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
  • $189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
  • $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
  • Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only. Enrollment Required.
  • Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
  • $695 annual fee.
  • Terms Apply.

Financial Snapshot

  • APR: See Pay Over Time APR
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

American Express Membership Rewards

Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 125k (or 150k) points with the Amex Platinum. The current public offer is 80,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

BEST FOR DINING
American Express® Gold CardTerms Apply / Rates & Fees

American Express® Gold Card

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This is the best card for food lovers who dine out at restaurants (worldwide), order take-out and want big rewards at U.S. supermarkets!

Learn More(at Amex's secure site)

American Express® Gold Card

This is the best card for food lovers who dine out at restaurants (worldwide), order take-out and want big rewards at U.S. supermarkets!
Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months.
60,000 points
$1,320
$250
See Pay Over Time APR
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The American Express® Gold Card is a game-changer.

With this card, you can earn 4x Membership Rewards points at restaurants and you’ll also earn 4x Membership Rewards points at U.S. supermarkets on up to $25,000 per calendar year in purchases, then 1x.

There isn’t another card on the market that offers a 1-2 punch like this. Of course, there are several other benefits of the Gold Card as well, including extra monthly dining rewards and more.

Pros

  • 4x points per dollar at restaurants, plus takeout and delivery in the U.S.
  • 4x points per dollar at U.S. supermarkets, up to $25,000 per calendar year in purchases; and 1x thereafter
  • 3x points per dollar on flights purchased directly from airlines or at Amex Travel
  • Up to $120 annual dining credit: up to $10 monthly statement credit when you pay with the Amex Gold card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations
  • Up to $120 in annual Uber Cash: get $10 monthly in Uber Cash for Uber Eats orders or Uber rides in the U.S. when you add your Gold Card to your Uber account
  • No foreign transaction fees (see rates and fees)
  • Access to Amex’s The Hotel Collection
  • Access to American Express transfer partners

Cons

  • Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.

Financial Snapshot

  • APR: See Pay Over Time APR
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

American Express Membership Rewards

Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 90,000 points with the Amex Gold card. The current public offer is 60,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

American Express Corporate cards, American Express cards that are issued by financial institutions other than American Express, and prepaid product cards are not eligible for Pay It Plan It.

To find out if your cards are eligible, log in to your American Express card accounts online. The Plan It icon will be clearly visible on your home page.

Amex Plan It
Log in to your online Amex card account to find out if your card is eligible for Pay It Plan It. Image Credit: Amex

Bottom Line: Pay Over Time and Pay It Plan It are not available on all Amex cards and also not available to every cardholder. To find out if you have these payment options, log in to your online Amex card account and you’ll see the affiliated options on the home page for each card. 

Everything Else You Need to Know

Not all payment options are available on all cards and not all cardholders qualify for these payment plans.

Additionally:

  • You’ll earn all applicable rewards for purchases made. Selecting a payment plan does not affect rewards-earning.
  • Once you’ve set up a plan, you cannot cancel it. You must pay off the entire balance to terminate the plan.
  • Pay It payments always apply to the minimum amount due first.
  • Some accounts may require a purchase to be over $200, $500, or $1,000 in order to qualify for Pay Over Time.
  • There is no fee to enroll in either plan.

Amex Payment Plans Summary

Let’s look now at how these payment options compare, the requirements, and the unique features of each payment plan.

SCROLL FOR MORE
FeaturePay Over TimePay It Plan It
EnrollmentActivate the payment plan for eligible purchases to then be moved automatically to your Pay Over Time balanceNo enrollment required; qualifying purchases are automatically eligible
Payment OptionsPay the balance in full, the minimum payment due, or anything in-betweenSelect a purchase under $100 and pay for it.Pay the balance in full, the minimum payment due, or anything in-between
Payback PeriodNot specifiedN/AUp to 24 months
Fees and InterestInterest applied to each paymentNo additional fees or interestFixed monthly fee, disclosed in advance
Card EligibilitySome consumer cards and select Amex business cardsMost consumer cards are eligible
Purchase Eligibility

All eligible purchases

Purchases under $100Purchases $100 or more
Maximum LimitEither your credit limit or a limit set by Amex based on your historyLimit of 5 payments per day95% of your previous balance on the last billing statement or 95% of your current credit limit, up to 10 plans active at 1 time
Who is EligibleCardholder and authorized usersCardholder

Alternatives to Amex Payment Plans

Couple in Kitchen
Large purchases can be paid back over time with no interest on a card with a 0% APR. Image Credit: Sears

The Introductory 0% APR for Purchases Option

If you’re planning a large purchase that will need to be paid back over time, considering a card with an introductory 0% APR may be a desirable alternative to using a payment plan that charges fees or interest.

A card that offers 0% APR for purchases allows you to repay the purchase back over time without incurring any interest charges. The length of the 0% APR repayment period varies by card.

Once the 0% APR period expires, you will be charged the current interest rate on balances that remain outstanding. Terms apply, so you’ll want to check the pricing for each card prior to applying for any card.

An Option for Chase Cardholders

My Chase Plan
Chase cardholders also have payment plan options. Image Credit: Chase

If you’re a Chase cardholder, you’ll also want to check out My Chase Plan for repayment of eligible purchases over time.

You’ll find the following features of the My Chase Plan benefit:

  • Payment plans can be 3 to 18 months depending on the size of the eligible purchase, account history, and creditworthiness.
  • Purchases of $100 and over are eligible.
  • There is a fixed monthly fee applied to each plan payment.
  • You can estimate how much each payment will be using the online tool prior to making a purchase.

If you want to learn more about the best Chase credit cards for earning rewards, our article lists some of the most popular options.

Bottom Line: Prior to utilizing a payment plan that charges fees and interest, consider a card that offers an introductory 0% APR on purchases. For Chase cardholders, compare payment options and costs to determine which fits your repayment needs — Amex or Chase. 

Final Thoughts

The best practice is to pay off your card balances each statement period to avoid fees and interest charges. However, this may not always be possible. If you need to use a payment plan to repay your balance, or a specific purchase, over time, pay close attention to how much the plan you select will cost you.

Pay Over Time offers flexibility for your major purchase or that of an authorized user to be paid back over time.

Pay It can help you whittle away at your balance with small frequent payments when you have a few extra dollars and avoid having a large balance to pay at the end of a statement period.

Plan It can be useful and more cost-effective for paying back a large purchase over time versus carrying a balance on your card and incurring interest charges.

As an alternative to Amex payment plans that charge fees/interest, if you can qualify for a card that features an introductory 0% APR period for purchases, this may be a cost-effective option for a large purchase or purchases.

The information regarding the American Express Cash Magnet® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of the Blue Cash Everyday® from American Express, click here.
For rates and fees of the American Express® Business Gold Card, click here.
For rates and fees of The Platinum Card® from American Express, click here.
For rates and fees of the American Express® Gold Card, click here.
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.

Frequently Asked Questions

Is Amex Pay It Plan It worth it?

Pay It Plan It can be worth it for the right situation. Pay It does not charge fees and allows you to select specific purchases (under $100) to pay off, up to 5 per day, at any time during your statement period.

Plan It does charge a fixed monthly fee on each payment during the payback period. The fee amount, however, is disclosed clearly upfront to help you decide if this payment plan option makes sense for you and your budget.

Do I earn rewards on Amex Pay Over Time purchases?

Yes, purchases earn rewards regardless of any payment plan you select.

Does Amex Pay It pay off the selected purchase?

No. When you select a purchase under $100 to pay via the Amex app, you are simply paying that specific amount towards your balance, not paying off the purchase itself.

How does Amex Pay Over Time work?

When you activate Pay Over Time, eligible purchases are automatically added to your Pay Over Time balance. You have the flexibility to pay off your balance in full or carry over a balance and be charged interest.

You won’t be charged interest on Pay Over Time purchases that are paid off in full each statement period. Terms apply.

Can I use Pay Over Time for authorized user purchases?

Yes. Since you’ll find the Pay Over Time feature on several Amex business cards, authorized user purchases, such as employee purchases, can also qualify for Pay Over Time.

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About Christine Krzyszton

Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.

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