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 finding this offer now in their Amex login, alongside other Amex Offers.
- Get 10,000 bonus Membership Rewards points when you enroll your card for the extended payment option
- All reports that I’ve seen indicate that no hard pull is done when enrolling in the pay-over-time option
Image from Milestomemories https://milestomemories.boardingarea.com/amex-pay-over-time-10k-bonus/
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. In the past, this offer has been found more often on business charge cards, not personal cards. You may even be offered 10k for each card charge card separately.
We don’t recommend that anyone actually use the pay-over-time option as it will incur huge interest fees. You get the bonus simply for enrolling; no need to carry any balance.
The Fine Print
- Offer valid through 11/01/2016
- Points will be credited to your account within 6-8 weeks after enrollment is approved (reportedly, the points post within a few days, typically)
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. Apparently, it works…
Hat tip to Milestomemories and Reddit
