I have been offered a Flexible Payment Option (FPO) by AMEX on my Gold Charge Card.
This is essentially converts the charge card into a credit card for certain purchases.
All purchases over $200 don't have to be paid of at the end of the month but can be paid of via the FPO with interest charge.
The interest they charge is 17.99% and there are 55 days interest free. If you pay of the full amount on the card there is no charge of course.
I am not quiet sure if this is a real benefit or not. Of course it gives you the possibility to pay of your card over time if you make larger purchases, but on the other hand it also gives them the possibility to charge you interest when you exceed the 55 days.
Anybody has any comments, feedback or has used this before?
This is essentially converts the charge card into a credit card for certain purchases.
All purchases over $200 don't have to be paid of at the end of the month but can be paid of via the FPO with interest charge.
The interest they charge is 17.99% and there are 55 days interest free. If you pay of the full amount on the card there is no charge of course.
I am not quiet sure if this is a real benefit or not. Of course it gives you the possibility to pay of your card over time if you make larger purchases, but on the other hand it also gives them the possibility to charge you interest when you exceed the 55 days.
Anybody has any comments, feedback or has used this before?