This is not a AMEX rewards question per se - but is nonetheless travel related
I had a 3.99% p/a interest rate on purchases for 6 months land in my inbox for my existing AMEX Explorer. No idea if this is targeted or not.
I normally pay my balance off each month, however due to the current Velocity double status credit promo, I want to pull the trigger on some flights, which will mean I will not be able to cover the balance this month.
If I chose to activate the 3.99%, given I am mid statement cycle, how will I know to only pay the balance in full for purchases made prior to the new interest rate kicking in, when my statements comes out towards the end of this month? Has anyone had any experience with this?
For example, let's say my statement comes out and I have $10,000 owing, with $5000 worth of purchases attached to the 3.99% (which I will carry over), and the other $5000 attracting the full interest which I will pay so I won't be charged it. Is it as simple as paying $5000 and AMEX is smart enough to know I have paid in full all purchases prior to the 3.99% kicking in?
I had a 3.99% p/a interest rate on purchases for 6 months land in my inbox for my existing AMEX Explorer. No idea if this is targeted or not.
I normally pay my balance off each month, however due to the current Velocity double status credit promo, I want to pull the trigger on some flights, which will mean I will not be able to cover the balance this month.
If I chose to activate the 3.99%, given I am mid statement cycle, how will I know to only pay the balance in full for purchases made prior to the new interest rate kicking in, when my statements comes out towards the end of this month? Has anyone had any experience with this?
For example, let's say my statement comes out and I have $10,000 owing, with $5000 worth of purchases attached to the 3.99% (which I will carry over), and the other $5000 attracting the full interest which I will pay so I won't be charged it. Is it as simple as paying $5000 and AMEX is smart enough to know I have paid in full all purchases prior to the 3.99% kicking in?