UPDATE: This offer has expired.
American Express is offering up 5,000 FREE bonus points by enrolling in their extended payment option. This option is available only for the American Express Business Gold Rewards credit card. American Express has extended this offer to run through May 31, 2014 (originally it was March 31, 2013) – however, the updated T&C states that you MUST have received this offer directly through American Express.
How this works:
- Enroll in the extended payment option by May 31, 2014 (bonus ID: A3V4)
- Once enrolled,you will decide whether to pay your bill in full, pay the minimum due, or anything in between (for charges over $100)
Some things to know:
- Any charge that would result in an account balance of $35,000 or more will not be eligible for extended payment
- Enrollment is fee-free
- Incur no interest charges if you pay the new balance by the payment due date each month
I will actually be enrolling Mr. Deals up for this promotion as he has this credit card – I’ll take 5k free points any day! We actually will not use the extended pay option as we pay our credit cards in full always, but to earn the bonus points it doesn’t really matter how you actually pay, just that you enroll.
How to determine APR: The Annual Percentage Rate (“APR”) for the Extended Payment Option may vary and is determined for each billing period by adding 14.99% to the Prime Rate. The APR is 18.24% with a Daily Periodic Rate (“DPR”) of 0.0500%. A Penalty APR may be applied if you make late payments or your payment is returned unpaid. The Penalty APR may vary and is determined by adding the Prime Rate +23.99%. The Penalty APR is 27.24%, with a DPR of 0.0746%. If the Penalty APR is applied, it will apply for a minimum of 12 consecutive billing periods. The variable rates above are accurate as of 07/23/2012. We will not charge interest on Extended Payment Option charges if you pay the Account Total New Balance by the due date each month. Please refer to your Cardmember Agreement for all other terms and conditions governing the use of Pay Over Time features.
Terms & Conditions: The outstanding balances of Pay Over Time features may not exceed $35,000, unless we notify you otherwise. Consequently, any Charges that would cause your Pay Over Time features balances to exceed that amount will be due in full. Please note, new Charges may be ineligible for extended payment even if they would not cause your Pay Over Time features balances to exceed $35,000.
To be eligible to earn 5,000 Membership Rewards® points you must enroll in the Extended Payment Option (EXPO) by 5/31/2014, and be enrolled in the Membership Rewards® program at the time of EXPO enrollment. 5,000 points will be credited to your Membership Rewards® account 6 to 8 weeks after enrollment in EXPO. You will not be eligible for this 5,000 points offer if you were previously enrolled in EXPO, if you are currently enrolled in EXPO, if you were previously suspended from EXPO, or if we receive your application for EXPO enrollment after 5/31/2014. Bonus ID A3V4. Offer only available to Cardmembers who have received a communication directly from American Express for this offer.