The Offer
From time-to-time Amex targets some people with an offer to get bonus Membership Rewards points for enrolling in their extended payment option. Many people are getting this offer now via email.
- Get 10,000 bonus Membership Rewards points when you enroll your card for the extended payment option
- Manyddddddd reports indicate that no hard pull is done when enrolling in the pay-over-time option
The difference between a credit card (Blue Cash, Everyday, SPG, etc.) and a charge card (Platinum, Green, Gold, etc.) is that credit cards offer the option to pay the balance over time while charge cards do not. Amex offers us to enroll for the pay-over-time option on charge cards, essentially converting the charge card into a credit card.
Most people should have the option to enroll in pay-over-time, but only select people will see the 10,000 bonus offer. And only on charge cards. You may even be offered 10k for each card charge card separately.
The Fine Print
- Offer valid through August 15, 2016
- Points will be credited to your account within 6-8 weeks after enrollment is approved (the points typically post within a few days)
Our Verdict
Easy way to rack up 10k Membership Rewards points, it surprises me that they offer so much for a simple act of enrolling.
When these offers come around via email, I believe they show up in the Amex login as well. Check your email and all Amex logins to see if you got this offer as people who get the offer will often see it on more than one account. You can enroll each account for a separate bonus.
We don’t recommend that anyone actually use the pay-over-time option as it will incur high interest fees. You get the bonus simply for enrolling even if you don’t carry any balance.
Update: We elaborated more on how to get yourself targeted for this 10,000 bonus offer in this dedicated post.
