NEW YORK—As small businesses struggle to stay afloat during the pandemic, American Express said it is offering another option to help them manage their money.
Starting during cardholders’ November billing cycle, three American Express cards—the Business Platinum Card, the Business Gold Card and the Business Green Rewards Card—will have access to Amex’s Pay Over Time feature.
“You’ll be able to pay your balance in full or carry a balance—with interest—on eligible purchases of $100 or more,” The Points Guy explained.
“While American Express is known for our no pre-set spending limit, pay-in-full charge card model with our iconic Green, Gold and Platinum Cards, we’ve long heard from our Card Members who are small business owners that increased payment flexibility is important to them. This is especially critical during these times of uncertainty,” said Brett Sussman, VP of Global Commercial Card Lending at American Express in a press release. “Pay Over Time is another step in our broader strategy to provide business owners the flexible solutions they need to easily and efficiently manage payments and cash flow, through varying operating environments.”