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How to change American Express “Pay Over Time”
American Express offers a plethora of card options and Amex Pay Over Time has become a feature steadily introduced over their ecosystem. I’m a huge fan of American Express. I think they’ve done an excellent job throughout the pandemic of introducing new category bonuses, statement credits, and features that prove valuable to cardholders in their strange times. Personally, I keep Amex cards primarily because of their points.
Amex points are transferrable to over 20 transfer partners which open the door to some truly incredible travel opportunities. As you can imagine, my affinity for points has resulted in a quite a few cards. In fact, I personally keep 7 Amex cards and when you include my fiancee, we’re easily over a dozen.
There is a rule about holding so many American Express cards. You can only have 4 “credit cards” at any one time. In the past, a credit card has been most easily defined as a card issued to you with a limit attached to it. If you were given a card with no preset spending limit, odds are, you didn’t hold a credit card. Amex “Pay Over Time” has blurred those lines a bit.
DOC recently reported that Amex Green holders were being affected by “Pay Over Time” rules when they go to acquire a new card. Specifically, their Amex Green was now being considered a credit card and for those who already had 3 other Amex credit cards they couldn’t get their new card of choice. It looks as those this is specifically affecting those who acquired their Amex Green post October 2019.
If you have been affected by this, and you’re thinking of getting a new card, one way to circumvent the credit card label being applied to your Amex Green is to remove the Pay Over Time enrollment feature. Here’s a quick an easy way to do that if you’re affected.
I never carry a balance and recommend paying your accounts in full and on time. This is the best way to stay on top of your credit score and maintain its health.
Go to Account Services at the top of your login –
As you can see, I have an Amex Green so I have done this with my card. 
Go to Payment and Credit Options
Manage Pay Over Time settings
Here you can see the option to eliminate the function
Complete!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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