Flexible Payment Option
Flexibility to meet your business needs.
What is it
Why use it
How to use it
Get started
Interest calculator
FAQs
One Card.
Multiple payment options.
See how it works:
From pivoting in the moment to planning for tomorrow, your Card has payment options for when you need them with the ability to pay off a portion of your Card balance over time with Flexible Payment Option.1 Plus,you can take advantage of the suite of additional benefits that come with your Card.
Sun showers or snowstorms
Be ready for business seasonality and the busiest times of the year by managing your cash flow, your way.
Surprises or slowdowns
You’ve got options to navigate unexpected expenses or delayed customer payments.
Stocking up or shaping up
You can meet many kinds of business expenses - from bulk purchases to renovations - with the power to pay over time.
Use your Card
Take advantage of your No Pre-set Spending Limit1 and up to 55 interest-free days on your Card.2 Plus, use your Card on purchases to maximize your Membership Rewards® potential3 – and put more back into your business.
Review your Card statement
Once your statement arrives, it will summarize all your expenses and outline your minimum payment due.
Repay your way
You can choose to:
- pay your total New Balance,
- the Minimum Amount Due,
- or any amount in between.
Here’s how to get started:
- Login to your Online Services account.
To view your Flexible Payment Option Limit amount, simply select ‘Balance Details’ on your account dashboard. This is the total amount you can choose to repay over time.
Don’t have an online account yet? Sign up now
- When it’s time to pay your monthly Card statement, you have payment options available to give your business more flexibility.
- Select ‘Make Payment’ to pay the Minimum Amount Due, New Balance, or any amount in between.
If you choose to pay less than your New Balance and pay an amount over time, interest will apply. You can continue to pay an amount over time for as long as you need, as long as you pay the Minimum Amount Due each month.
It’s that easy!
Plus, you can also securely access Flexible Payment Option through the American Express® App.
Customers who signed up prior to July 21st, 2021 OR after March 18th 2022 – You are already enrolled in Flexible Payment Option and all purchases are FPO eligible.
Customers who signed up between July 22nd, 2021 and March 17th, 2022 – You will be receiving more information soon about when Flexible Payment Option will be available to you.
Flexible Payment Option allows you to pay your account balance in full, the Minimum Amount Due, or any amount in between.
There’s nothing you need to do to enrollor activate this new feature, simply continue to make purchases as usual. All purchases up to your Flexible Payment Option Limit will be eligible for the Flexible Payment Option; any purchase amount over your Flexible Payment Option Limit will be due in full.
When youreceive your monthly statement, you can pay the New Balance on your statement in full, the Minimum Amount Due, or any amount in between. If you choose to pay your total New Balance each month on time, you won’t be charged interest on purchases.
Your Flexible Payment Option Limit is the maximum amount on your account that you can repay over time. If your Outstanding Balance exceeds this limit, the excess amount must be paid in full by your next Payment Due Date. This limit is subject to your No Pre-set Spending Limit. You can find your Flexible Payment Option Limit on your statement, online account or mobile app.
Unlike traditional credit cards that have set spending limits, your account has No Pre-set Spending Limit which adjusts based on factors such as your purchases, payment, and credit history. Your Flexible Payment Option Limit is not a spending limit, rather, it is the maximum amount you can repay over time with interest.
If you are ever unsure if a large purchase will be approved, just use the ‘Check Spending Power’ tool on your online account or mobile app.
If you are currently enrolled in Pre-Authorized Payment, your payment amount will remain set to total New Balance.
If you wish to take advantage of Flexible Payment Option, you can visit your Pre-Authorized Payment PlanSettings page on your online account to change your automatic payment setting.
If you do not wish to take advantage of the Flexible Payment Option, you can simply pay the total New Balance indicated on your statement each month.
- As a charge Card, there is no pre-set spending limit. No Pre-Set Spending Limit on purchases does not mean unlimited spending. Your purchases are approved based on a variety of factors, including your credit history, account history, and personal resources. Proof of resources and security may be required.
- Theinterest grace period from the closing date of the current statement to theclosing date of the next statement varies and will be 28, 29, 30, or 31 days depending on the number of days in the calendar month in which the currentclosing date occurs. Interest will not be charged on transactions and you willhave an interest grace period of up to 31 days from the closing date on yourstatement if every month we receive payment in FULL by the next statement dateafter the transaction first appeared on your billing statement. Payment in FULLmeans payment of the total new balance shown on your statement which is made upof all charges to your account (including purchases, funds advances, fees andother charges) up to the closing date.
- Account must bein good standing. Membership Rewards points will be earned by the BasicCardmember on the amount of all purchases, less credits and adjustments.Interest charges, annual fees, other fees and cash equivalent transactions arenot purchases and do not qualify for Membership Rewards points.
- This charge Card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full charge. This rate is effective from the day account is opened. The Preferred rate of 21.99% applies to your Flexible Payment Option balance. If you have 2 separate Missed Payments in a 12 month period, the Flexible Payment Option rate for your account will be 25.99%. If you have 3 or more separate Missed Payments in a 12 month period, the Flexible Payment Option rate will be 28.99%. These rates are effective from the day the Flexible Payment Option is first available on your account. If you are an existing Cardmember, please refer to your statement for more details on Annual Interest rates for Flexible payment option & Due in full balances.
TM,®: Used by Amex Bank of Canada under license from American Express.
Amex Bank of Canada, P.O. Box 3204, Station “F”, Toronto, ON, M1W 3W7.
