Saturday, October 8, 2016

AmEx Installment Program Introduction

AmEx is introducing the American Express Installment program. The Installment program gives you more control over your American Express Card purchases by providing the convenience of paying for large purchases in equal monthly installments. Plus, you can choose the term that works best for you.

Here is what you should do:
  • Online registration is required. You should get the link from an AmEx email
  • Select a minimum purchase amount of $250, $500 or $1,000. Eligible purchases over your chosen amount will automatically be set up in the program.
  • Select a repayment term of 3, 6 or 12 months.
  • Make a purchase over your selected minimum purchase amount on your existing Card.
  • Plus, you have the flexibility to cancel an installment at any time.

Your installments will have a 0% interest rate and an installment fee of 2%, 3%, or 5% of your purchase amount, based on the length of the term you select. You will receive an email for each installment purchase, so you will always know what your monthly installment amounts are and the total cost to you.