If you don’t pay Amex Platinum in full, you will be charged interest on any purchases added to a Pay Over Time balance. With Pay Over Time, you can add eligible charges to a Pay Over Time balance, up to a limit. American Express may also suspend your ability to make charges or cancel your account for failing to pay off the “Pay In Full” balance on your billing statement by the due date. American Express can take these actions at their own discretion (see Rates & Fees).
In addition, it’s worth noting that the American Express Platinum card charges a monthly fee for each purchase moved into Pay Over Time, along with an interest rate listed on your monthly statement, if the purchases aren’t paid off by the due date. In addition, not paying at least the minimum amount due by the due date could result in a penalty APR and a late fee up to $40.
To learn more, check out our editor’s full American Express Platinum card review.
This answer was last updated on 01/16/24 and it was first published on 11/14/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
