Amex Expand "Buy Now, Pay Later" Program

Business Insider reports that American Express gave more cardholders access to its Pay It Plan It and Pay Over Time tools.Providing greater payment flexibility could boost Amex's payments volume despite the pandemic.AMEX has announced that its Green, Gold, and Platinum cardholders now have access to its Pay It Plan It offering.Platinum cardholders can start using its Pay Over Time feature, which Green and Gold members could already usePay It Plan It allows cardholders to pay off purchases under $100 to lower their monthly balances.Cardholder can spread purchases worth more than $100 over several months for a fixed fee and no interest.Pay Over Time lets members put a purchase worth over a $100 into a balance that can be paid off later that accrues interest.