Take charge of how you pay with
Pay Over Time
You can convert your Card balance into a Pay Over Time plan and settle it with flexible payment options.
WHAT IS PAY OVER TIME?
With the Pay Over Time feature on your American Express® Charge Card, you have more flexibility to manage both expected and unexpected expenses that come your way.
Instead of paying your Card balance in full each month, you have the option to convert a portion of your balance into equal monthly payments over a set period of time.
THERE ARE MANY REASONS TO USE THE PAY OVER TIME FEATURE
Universally applicable
The balance you convert to a Pay Over Time plan is not limited to a specific purchase or merchant.
Flexibility with your finances
You get to decide how and when you make your payments, even after billing.
Clear payment terms
You’ll know the payment schedule upfront before you confirm your Plan – there are no surprise fees.
Benefits and rewards you expect
You’ll still earn Membership Rewards® points as usual and enjoy all the other benefits you love on your Card.
HERE’S HOW PAY OVER TIME WORKS
Enrol in Pay Over Time in the Amex MENA App.
You'll be notified if you're eligible, and you'll be given your Pay Over Time limit. This is a separate credit line extended for conversions that you can use at will. Once enrolled, simply continue making purchases on your Card as usual. Your spending capacity remains unaffected.
Create a Pay Over Time Plan in the Amex MENA App.
Choose the balance amount you'd like to carry over and the duration of your Plan. You'll see exactly how much you'll pay each month of your Plan. This process takes only a minute or two.
Review and confirm.
Once you've selected your Plan details, review your payment schedule and confirm to activate your Pay Over Time Plan. You'll keep earning points on every purchase transaction made as usual.
You can have multiple Pay Over Time plans running at once, as long as the combined amount does not surpass the Pay Over Time limit.
When you enrol and create a Pay Over Time plan, your Card statement will look a little different. We’re here to help you understand these changes.
Who’s eligible for Pay Over Time?
If you have an American Express Charge Card, you can request to enrol in the Pay Over Time feature and you’ll be notified if you’re eligible.
The Platinum Card®
The American Express® Gold Card
The American Express® Card
Frequently Asked Questions
You should be able to see Pay Over Time when you go to the Mobile App or Online Services: from the dashboard screen, go to ‘Services’ and select ‘Pay Over Time’, or select ‘Pay Over Time’ from the quick tabs menu. You may also receive communications from AEME.
This is so AEME can seek your consent on opening the Pay Over Time Account, conduct the eligibility check, and capture necessary consents, including but not limited to obtaining information from the bureau.
Total Limit: the maximum amount you can carry forward and Pay Over Time, in a Plan(s).
Available Limit: the amount not yet allocated to any Plans, at any given moment.
It may affect your credit score. Where applicable, your Pay Over Time Limit will be reported separately to credit rating agencies, credit bureaus, or regulatory authorities as required.
Your Eligible Balance consists of purchase Transactions that are undisputed and not yet paid, excluding any fees or charges billed to your Charge Card Account. It includes purchase Transactions made across all Cards including on Supplementary Cards, Wearables, and Virtual Cards. The Eligible Balance amount may be lower to ensure you don’t exceed your total limit if all your Available Limit is used in Pay Over Time Plans. This adjustment accounts for Plan interest charges, therefore helping you stay within your overall limit.
Yes, $250 or equivalent amount in local currency
Interest is calculated based on the Reducing Balance method. On a monthly basis, the interest rate will be applied to the remaining principal of the amount converted to a Plan as it reduces each month (i.e. as each scheduled Monthly Plan Payment is charged to your Account). This means that the amount of interest that you pay, as a proportion of your Monthly Plan Payment, will decrease over the Tenor of the Plan. The interest rate will remain fixed for the Tenor of your Plan.
When you set up a Plan, your Monthly Plan Payment will be added to the New Balance each month in your monthly Statement of Account, for the duration of your Tenor. You must pay your New Balance in full every month, to ensure your Charge Card Account does not go into default.
If you fail to pay the New Balance indicated on your Statement of Account by the Due Date you will be charged ‘Overdue Interest on Pay Over Time Balances’, applied to the ‘Principal Repayment’ amount of any Monthly Plan Payments, added to your New Balance.
You can request to close a Plan early through the Mobile App or Online Services. Go to ‘Active’ Plans, select the Plan, and tap ‘Request early closure’. You will be informed of the remaining Plan principal amount and Pay Over Time Plan Early Closure Fee before you confirm the closure, as detailed in the Schedule of Fees and Charges available on our website. These amounts will show as two (2) separate debit adjustments and will be added to your New Balance on the Statement of Account, due by the Due Date. Once the Plan is closed, you will receive an email to inform you of the Plan closure details.
HAVE AN AMERICAN EXPRESS® CREDIT CARD INSTEAD?
There’s a flexible payment option available on American Express Credit Cards too! Learn more about your borrowing options so you can take control of your finances.