American Express Green Card® Agreement

Charges & Financial Obligations · Company practice

Pay Over Time APR is a variable rate of Prime Rate plus 12.74% to 21.74%

The APR for Pay Over Time is stated as a range above the Prime Rate: "Prime Rate + 12.74% to Prime Rate + 21.74%". It is a variable APR, so the actual rate moves with the Prime Rate. The table points to the Explanation of Variable Rates in How Rates and Fees Work, which says variable APRs will not exceed 29.99% and explains when Prime Rate changes take effect.

Supporting quotations

Annual Percentage Rate (APR) for Pay Over Time

Prime Rate + 12.74% to Prime Rate + 21.74%

This is a variable APR. See Explanation of Variable Rates below.

Qualifications & exceptions

• Variable APR; see Explanation of Variable Rates below the table in the same Part 1.

Not stated here

• Which margin within the 12.74% to 21.74% range applies to a given Card Member is not stated in this document.
• The current Prime Rate, and so the resulting percentage, is not stated here.
• The Daily Periodic Rate values for these APRs are not shown (see the Daily Periodic Rate card).

Cross-references

• qualified by (model-proposed): Variable APRs move with the Prime Rate, take effect at the start of the billing period, and will not exceed 29.99% — The 29.99% ceiling and the timing of Prime Rate changes in the Explanation of Variable Rates qualify the variable Pay Over Time APR range.

Charges & Financial Obligations · Company practice

Cash advance APR is a variable rate of Prime Rate plus 21.99%

Cash advances carry a variable APR of "Prime Rate + 21.99%", a single margin rather than a range. Like the Pay Over Time APR it moves with the Prime Rate and is subject to the Explanation of Variable Rates. Elsewhere the agreement says interest on cash advances starts on the transaction date.

Supporting quotations

APR for Cash Advances

Prime Rate + 21.99%

Qualifications & exceptions

• Variable APR; see Explanation of Variable Rates.

Not stated here

• The resulting percentage depends on the Prime Rate, which is not stated here.

Cross-references

• qualified by (model-proposed): Variable APRs move with the Prime Rate, take effect at the start of the billing period, and will not exceed 29.99% — The 29.99% ceiling and the timing of Prime Rate changes qualify the variable cash advance APR.

Charges & Financial Obligations · Restriction or exception

Penalty APR (Prime Rate + 26.74%) may apply to new Pay Over Time transactions after a missed or returned payment

Amex states a right to apply a penalty APR of "Prime Rate + 26.74%" (variable) to new transactions in a Pay Over Time balance if you do not pay at least the Minimum Payment Due (or Amount Due, if applicable) by the Payment Due Date, or if your payment is returned by your bank. For a returned payment the table adds that "we will notify you if we do" apply it. The text speaks of new transactions in a Pay Over Time balance; it does not say the penalty APR applies to cash advances or to existing balances.

Supporting quotations

Penalty APR and When it Applies

Prime Rate + 26.74%

We have the right to apply the penalty APR to new transactions in a Pay Over Time balance if:

you do not pay at least the Minimum Payment Due (or Amount Due, if applicable) by the Payment Due Date

your payment is returned by your bank and we will notify you if we do.

Qualifications & exceptions

• Triggers are a missed required payment or a returned payment; it is a right ("have the right"), not an automatic result.
• Variable APR; see Explanation of Variable Rates.

Not stated here

• The table does not say whether the penalty APR also reaches cash advances, plan balances or balances that already existed when it is applied.
• The wording "we will notify you if we do" leaves unstated when or how the notice is given.

Cross-references

• qualified by (model-proposed): Penalty APR lasts at least 6 months and ends only after 6 months of timely payments with no returns — The duration and review terms limit how long the penalty APR applies once its trigger has occurred.
• qualified by (model-proposed): Variable APRs move with the Prime Rate, take effect at the start of the billing period, and will not exceed 29.99% — The 29.99% ceiling and the timing of Prime Rate changes qualify the variable penalty APR.

Charges & Financial Obligations · Restriction or exception

Penalty APR lasts at least 6 months and ends only after 6 months of timely payments with no returns

If the penalty APR is applied it applies for at least 6 months. Amex reviews the Account every 6 months after the penalty APR is applied, and the penalty APR continues until you have made timely payments with no returned payments during the 6 months being reviewed.

Supporting quotations

How Long Will the Penalty APR Apply?

If the penalty APR is applied, it will apply for at least 6 months.

We will review your Account every 6 months after the penalty APR is applied.

The penalty APR will continue to apply until you have made timely payments with no returned payments during the 6 months being reviewed.

Qualifications & exceptions

• The end condition is tested over the 6-month period being reviewed, not over a single payment.

Not stated here

• The table does not say what happens to the rate at the end of a review other than that the penalty APR continues until the stated condition is met.

Cross-references

• qualifies (model-proposed): Penalty APR (Prime Rate + 26.74%) may apply to new Pay Over Time transactions after a missed or returned payment — The duration and review terms limit how long the penalty APR applies once its trigger has occurred.

Charges & Financial Obligations · Company practice

Table summary of when interest is charged: due date, no-interest condition, cash advance interest from transaction date

The Paying Interest row says the Payment Due Date is at least 25 calendar days after the close of each billing period. Amex will not charge interest on charges automatically added to a Pay Over Time balance "if each month you pay your Account Total New Balance" (or Adjusted Balance, if you have a Plan balance) by the Payment Due Date. If you have Cash Advance on your Account, interest begins on cash advances on the transaction date. This is a summary: the fuller test appears in the grace-period section of Part 1, which asks whether your Pay Over Time Previous Balance was zero or whether you paid the Account Total New Balance (or Adjusted Balance) in full by the Payment Due Date for each of the previous two billing periods.

Supporting quotations

Paying Interest

Your Payment Due Date is at least 25 calendar days after the close of each billing period.

We will not charge you interest on charges automatically added to a Pay Over Time balance if each month you pay your Account Total New Balance on your billing statement (or, if you have a Plan balance, your Adjusted Balance on your billing statement) by the Payment Due Date.

If you have Cash Advance on your Account, we will begin charging interest on cash advances on the transaction date.

you paid the Account Total New Balance on your billing statement (if any) or Adjusted Balance (if you have an active plan created through Plan It) for each of the previous two billing periods in full by the Payment Due Date shown on each of those billing statements.

Qualifications & exceptions

• Applies to charges automatically added to a Pay Over Time balance; cash advances are charged interest from the transaction date.
• The table sentence says "each month"; the fuller grace-period section states the test over the previous two billing periods (see the contrast relation between the two cards).

Not stated here

• The table does not itself explain how the Previous Balance test in the later section combines with the "each month" wording.

Cross-references

• contrast (model-proposed): No interest on automatic Pay Over Time charges if the previous balance was zero or the last two bills were paid in full — The Part 1 table summary says no interest is charged on automatic Pay Over Time charges if you pay the Account Total New Balance "each month"; the fuller grace-period section tests whether the Pay Over Time Previous Balance is zero or whether the balance was paid in full for each of the previous two billing periods. The two wordings pull slightly differently and the document does not reconcile them.
• referred to by (model-proposed): Interest on cash advances runs from the transaction date and cannot be avoided — The table summary and the grace-period section both state that cash advance interest runs from the transaction date.

Charges & Financial Obligations · Company practice

Plan It fee: a monthly fixed finance charge of up to 1.33% of each purchase placed in a plan

Plan It purchases carry a monthly plan fee described as a fixed finance charge, of up to 1.33% of each purchase placed in a plan. The percentage is based on the APR that would otherwise apply to the purchase (purchases in a Pay Over Time balance), the APR that applies to the Pay Over Time feature when you create the plan (purchases in a Pay In Full balance), or the lower of the two (purchases divided between the two balances), together with the plan duration and other factors. The row refers to the Plan It section for details.

Supporting quotations

Plan Fee (Fixed Finance Charge)

A monthly plan fee of up to 1.33% of each purchase placed in a plan

either the APR that would otherwise apply to that purchase (for purchases in a Pay Over Time balance), the APR that applies to the Pay Over Time feature at the time you create the plan (for purchases in a Pay In Full balance), or the lower of the two APRs (for purchases that are divided between a Pay Over Time balance and a Pay In Full balance); the plan duration; and other factors.

Qualifications & exceptions

• "Up to 1.33%" is a ceiling; the fee actually charged depends on the APR basis, the plan duration and unspecified "other factors".

Not stated here

• The "other factors" that affect the plan fee are not listed in this row.

Cross-references

• referred to by (model-proposed): Plan fee is a fixed monthly finance charge while a plan is active; the amount is disclosed before you set up a plan — The How Rates and Fees Work plan fee entry refers back to the Rates and Fees Table row.
• qualified by (model-proposed): Plan fee is based on the APR for the balance the purchase was in, with a plan fee shown before you create the plan — The Plan It section states which APR the plan fee is based on for each kind of purchase, which qualifies the table row's fee basis.

Charges & Financial Obligations · Company practice

Annual Fee is $150

The Fees table lists the Annual Fee as $150. How Rates and Fees Work refers back to this table. Later text says annual fees can be refunded in some cases if the account is closed within 30 days after the Closing Date of the statement on which the fee appears, with an exception stated for Massachusetts billing addresses.

Supporting quotations

Annual Fee

$150

Qualifications & exceptions

• Refund of the annual fee on closing is addressed in Part 3, with a Massachusetts exception.

Charges & Financial Obligations · Company practice

Cash advance fee is the greater of $10 or 5%; foreign transaction fee is none

Under Transaction Fees the table says a cash advance costs "Either $10 or 5% of the amount of each cash advance, whichever is greater" and that the Foreign Transaction fee is "None". The fuller description below states the 5% is of an ATM cash advance including any fee charged by the ATM operator, with a minimum of $10, and that the fee is added to the Cash Advance balance.

Supporting quotations

Transaction Fees

Cash Advance: Either $10 or 5% of the amount of each cash advance, whichever is greater.

Foreign Transaction: None.

Qualifications & exceptions

• The fee is charged per cash advance; the fuller description adds that ATM operator fees count in the amount.

Cross-references

• qualified by (model-proposed): Cash advance fee is 5% (minimum $10), counts any ATM operator fee, and is added to the Cash Advance balance — The detailed cash advance fee adds that an ATM operator's own fee counts in the amount the 5% is taken from and that the fee is added to the Cash Advance balance.

Charges & Financial Obligations · Company practice

Late payment and returned payment fees are up to $40 each

The Penalty Fees row lists the Late Payment fee and the Returned Payment fee as "Up to $40" each. How Rates and Fees Work explains the $29 first-occurrence and $40 repeat structure and the cap based on the prior statement's Amount Due.

Supporting quotations

Penalty Fees

Late Payment: Up to $40.

Returned Payment: Up to $40.

Qualifications & exceptions

• "Up to" is a ceiling; the tiers and cap appear in How Rates and Fees Work.

Cross-references

• narrowed by (model-proposed): Late Payment fee is $29, then $40 on a repeat within 6 billing periods, capped at the prior statement's Amount Due — The detailed Late Payment terms ($29 first, $40 on a repeat within the next 6 billing periods, capped at the prior statement's Amount Due) narrow the table's "Up to $40".
• narrowed by (model-proposed): Returned Payment fee is $29 the first time and $40 on a repeat in the same or next 6 billing periods, with the same cap — The detailed Returned Payment terms ($29 first, $40 on a repeat in the same or next 6 billing periods, with the same cap) narrow the table's "Up to $40".

Charges & Financial Obligations · Procedure

Interest is calculated by the average daily balance method including new purchases

Part 1 states that interest uses the average daily balance method (including new purchases) and points to the How we calculate interest on Pay Over Time and Cash Advance Balances section in Part 2, where the formula is given.

Supporting quotations

How we calculate interest: We use a method called average daily balance method (including new purchases).

See the How we calculate interest on Pay Over Time and Cash Advance Balances section in Part 2.

Charges & Financial Obligations · Company practice

Variable APRs move with the Prime Rate, take effect at the start of the billing period, and will not exceed 29.99%

If the Prime Rate increases, variable APRs (and the corresponding Daily Periodic Rates) increase, so you may pay more interest and may have a higher Minimum Payment Due. A change in the Prime Rate changes the variable APRs as of the first day of the billing period during which the Prime Rate changed. The document states that "Variable APRs will not exceed 29.99%", which is a ceiling on the variable APRs listed in the Rates and Fees Table.

Supporting quotations

Explanation of Variable Rates: If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase.

In that case, you may pay more interest and may have a higher Minimum Payment Due.

When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period during which the Prime Rate has changed.

Variable APRs will not exceed 29.99%.

Qualifications & exceptions

• The sentence about changes taking effect covers any Prime Rate change; the sentence about higher interest and a higher Minimum Payment Due speaks of an increase.

Not stated here

• The document refers to "corresponding DPRs" but shows no Daily Periodic Rate value (see the Daily Periodic Rate card in the interest-calculation section).

Cross-references

• qualifies (model-proposed): Pay Over Time APR is a variable rate of Prime Rate plus 12.74% to 21.74% — The 29.99% ceiling and the timing of Prime Rate changes in the Explanation of Variable Rates qualify the variable Pay Over Time APR range.
• qualifies (model-proposed): Cash advance APR is a variable rate of Prime Rate plus 21.99% — The 29.99% ceiling and the timing of Prime Rate changes qualify the variable cash advance APR.
• qualifies (model-proposed): Penalty APR (Prime Rate + 26.74%) may apply to new Pay Over Time transactions after a missed or returned payment — The 29.99% ceiling and the timing of Prime Rate changes qualify the variable penalty APR.

Charges & Financial Obligations · Procedure

Prime Rate is the highest U.S. Prime Rate in The Wall Street Journal on the billing period Closing Date

"Prime Rate" means the highest U.S. Prime Rate published in the rates section of The Wall Street Journal on the Closing Date of the billing period. If The Wall Street Journal does not publish the Prime Rate that day, Amex uses the rate from the previous day it was published. If The Wall Street Journal is no longer published or stops publishing the Prime Rate, Amex "may" use the Prime Rate published in another newspaper of general circulation.

Supporting quotations

Determining the Prime Rate: Prime Rate means the highest U.S. Prime Rate published in the rates section of The Wall Street Journal on the Closing Date of the billing period.

If The Wall Street Journal does not publish the Prime Rate on that day, we will use the Prime Rate from the previous day it was published.

If The Wall Street Journal is no longer published or stops publishing the Prime Rate, we may use the Prime Rate published in another newspaper of general circulation.

Qualifications & exceptions

• The fallback to another newspaper is permissive ("may"), not a commitment.

Charges & Financial Obligations · Company practice

Annual Fee is as listed in the Part 1 table; Additional Cards carry no annual fee

How Rates and Fees Work refers the Annual Fee back to the Rates and Fees Table on page 1 of Part 1 (where it is $150) and states that the Annual Fee for Additional Cards is "None". Part 2 elsewhere says that if an Annual Fee applies to Additional Cards it is shown on page 2 of Part 1; here it is none.

Supporting quotations

Annual Fee: This fee is on the Rates and Fees Table on page 1 of Part 1.

Annual Fee for Additional Cards: None.

Cross-references

• referred to by (model-proposed): An annual fee for Additional Cards, if any, is shown on page 2 of Part 1; this Part 1 lists none — The Part 2 pointer to the annual fee for Additional Cards is answered by the Part 1 row stating "None".

Charges & Financial Obligations · Company commitment

Plan fee is a fixed monthly finance charge while a plan is active; the amount is disclosed before you set up a plan

The plan fee is described in the Rates and Fees Table. It is a fixed finance charge charged each month a plan is active. The dollar amount of your plan fee will be disclosed before you set up a plan, and each plan fee is disclosed before you create the applicable plan. The text points to About Plan It in Part 2 for more.

Supporting quotations

Plan Fee (Fixed Finance Charge): This fee is described on the Rates and Fees Table on page 1 of Part 1.

This fee is a fixed finance charge that will be charged each month that a plan is active.

The dollar amount of your plan fee will be disclosed before you set up a plan.

Each plan fee will be disclosed before you create the applicable plan.

Qualifications & exceptions

• Applies to plans created with Plan It; the dollar amount is not given in this document.

Not stated here

• The dollar amount of any plan fee is not stated here; only the "up to 1.33%" ceiling in the table row is given.

Cross-references

• refers to (model-proposed): Plan It fee: a monthly fixed finance charge of up to 1.33% of each purchase placed in a plan — The How Rates and Fees Work plan fee entry refers back to the Rates and Fees Table row.

Charges & Financial Obligations · Company practice

Cash advance fee is 5% (minimum $10), counts any ATM operator fee, and is added to the Cash Advance balance

The cash advance fee is 5% of an ATM cash advance "(including any fee charged by the ATM operator)" or other cash advance, with a minimum of $10. Amex adds this fee to the Cash Advance balance; the cash advance limit section describes that balance as including fees and interest. This matches the table's "greater of $10 or 5%" wording and adds that an ATM operator's own fee counts in the amount the 5% is taken from.

Supporting quotations

Cash Advance: 5% of an ATM cash advance (including any fee charged by the ATM operator) or other cash advance, with a minimum of $10.

We will add this fee to the Cash Advance balance.

Qualifications & exceptions

• The ATM operator's fee is included in the amount on which the 5% is computed.

Cross-references

• qualifies (model-proposed): Cash advance fee is the greater of $10 or 5%; foreign transaction fee is none — The detailed cash advance fee adds that an ATM operator's own fee counts in the amount the 5% is taken from and that the fee is added to the Cash Advance balance.
• defined by (model-proposed): A cash advance covers cash and cash equivalents, such as foreign currency, digital currency, casino chips and betting — The definition of a cash advance determines which charges the cash advance fee applies to.

Charges & Financial Obligations · Company practice

Foreign Transaction fee is none; foreign-currency charges are converted at a rate AEEML chooses

How Rates and Fees Work states the Foreign Transaction fee as "None". A separate Part 3 term says foreign-currency charges are converted to U.S. dollars by AE Exposure Management Ltd. (AEEML) on the date Amex or its agents process them, at a rate AEEML chooses; that term is carded in Part 3. The two statements are different things: the first says no fee is listed for foreign transactions, the second says how the conversion rate is set.

Supporting quotations

Foreign Transaction: None.

If you make a charge in a foreign currency, AE Exposure Management Ltd. ("AEEML") will convert it into U.S. dollars on the date we or our agents process it

Not stated here

• Whether the conversion rate AEEML chooses includes any margin beyond the rates the document names is not stated.

Cross-references

• refers to (model-proposed): Foreign-currency charges are converted to U.S. dollars by AEEML at a rate capped by official or interbank rates — The statement that no foreign transaction fee is listed is read together with the term on how foreign-currency charges are converted.

Charges & Financial Obligations · Company practice

Late Payment fee is $29, then $40 on a repeat within 6 billing periods, capped at the prior statement's Amount Due

The Late Payment fee is "Up to $40". If Amex does not receive the Amount Due (or Minimum Payment Due, if applicable) by the Payment Due Date, the fee is $29. If this happens again within the next 6 billing periods, the fee is $40. However, the late fee on a billing statement will not exceed the Amount Due (or Minimum Payment Due, if applicable) on your prior billing statement.

Supporting quotations

Late Payment: Up to $40.

If we do not receive the Amount Due (or Minimum Payment Due, if applicable) by the Payment Due Date, the fee is $29.

If this happens again within the next 6 billing periods, the fee is $40.

However, the late fee on a billing statement will not exceed the Amount Due (or Minimum Payment Due, if applicable) on your prior billing statement.

Qualifications & exceptions

• The $40 amount applies when the late payment happens again within the next 6 billing periods.
• The cap uses the prior billing statement's Amount Due (or Minimum Payment Due, if applicable).

Not stated here

• The document does not say whether the repeat window restarts after each late payment beyond the words "within the next 6 billing periods".

Cross-references

• narrows (model-proposed): Late payment and returned payment fees are up to $40 each — The detailed Late Payment terms ($29 first, $40 on a repeat within the next 6 billing periods, capped at the prior statement's Amount Due) narrow the table's "Up to $40".

Charges & Financial Obligations · Company practice

Returned Payment fee is $29 the first time and $40 on a repeat in the same or next 6 billing periods, with the same cap

If you make a payment that is returned unpaid the first time Amex presents it to your bank, the fee is $29. If you do this again within the same billing period or the next 6 billing periods, the fee is $40. The returned payment fee on a billing statement will not exceed the Amount Due (or Minimum Payment Due, if applicable) on your prior billing statement. The table lists the fee as "Up to $40".

Supporting quotations

Returned Payment: Up to $40.

If you make a payment that is returned unpaid the first time we present it to your bank, the fee is $29.

If you do this again within the same billing period or the next 6 billing periods, the fee is $40.

However, the returned payment fee on a billing statement will not exceed the Amount Due (or Minimum Payment Due, if applicable) on your prior billing statement.

Qualifications & exceptions

• The repeat window here is "the same billing period or the next 6 billing periods", slightly wider than the late-payment window.

Cross-references

• narrows (model-proposed): Late payment and returned payment fees are up to $40 each — The detailed Returned Payment terms ($29 first, $40 on a repeat in the same or next 6 billing periods, with the same cap) narrow the table's "Up to $40".

Charges & Financial Obligations · Company practice

Returned Check fee is $38 plus the unpaid amount when a check cashed with the card is returned

If you use your card to cash a check at one of Amex's approved locations and the check is returned unpaid, the fee is $38, and Amex will also charge you the unpaid amount.

Supporting quotations

Returned Check: $38 if you use your card to cash a check at one of our approved locations and the check is returned unpaid.

We will also charge you the unpaid amount.

Charges & Financial Obligations · Company practice

Account Re-opening fee is $25 if a cancelled Account is re-opened at your request

The Account Re-opening fee is $25 if your Account is cancelled, you ask Amex to re-open it, and Amex does so. Part 3 repeats this in softer terms ("we may charge you a $25 fee").

Supporting quotations

Account Re-opening: $25 if your Account is cancelled, you ask us to re-open it, and we do so.

Cross-references

• referred to by (model-proposed): If a cancelled Account is re-opened at your request, Amex may charge a $25 fee — The Part 3 statement that Amex may charge a $25 re-opening fee repeats the Part 1 fee.

Charges & Financial Obligations · Restriction or exception

Cash advance balance may not exceed $3,000 and you agree to manage the Account to stay within it

Your cash advance balance may not exceed $3,000. The balance counts fees and interest, and for this limit it is figured by adding new cash advance transactions to the prior day's ending cash advance balance. You agree to manage your Account so that the cash advance balance (including fees and interest) is not more than the Cash Advance Limit. There may also be a separate limit on the amount of cash and number of times you can get cash from ATMs in a given period.

Supporting quotations

Cash Advance Limit: Your cash advance balance may not exceed $3,000.

There may also be a limit on the amount of cash and number of times you can obtain cash from ATMs in a given period.

You agree to manage your Account so that your cash advance balance (including fees and interest) is not more than the Cash Advance Limit.

For purposes of the Cash Advance Limit, your cash advance balance will be determined by adding new cash advance transactions to the ending cash advance balance of the prior day.

Not stated here

• The ATM cash and frequency limit is not quantified; the text only says "there may also be a limit".
• The document does not say what happens if the balance exceeds the limit apart from this agreement to manage the Account within it.

Charges & Financial Obligations · Restriction or exception

A cash advance may be declined if it would push balances over the Pay Over Time Limit

In addition to the $3,000 limit, Amex "may not approve" a cash advance transaction if it would cause the total of your Pay Over Time and/or Cash Advance balance and Plan balance to go over your Pay Over Time Limit. The Pay Over Time Limit is explained in Part 2 and its amount is account-specific.

Supporting quotations

In addition, we may not approve a cash advance transaction if it would cause the total of your Pay Over Time and/or Cash Advance balance and Plan balance to go over your Pay Over Time Limit.

Not stated here

• The amount of the Pay Over Time Limit is account-specific and not stated in this document.

Charges & Financial Obligations · Restriction or exception

Person-to-person transactions are limited to $2,000 in any 30-day period

Your person-to-person transactions may not exceed $2,000 within any 30-day period, and you agree to manage your Account so the 30-day total stays within the Person-to-Person Limit. Amex may not approve a person-to-person transaction that would cause the Account to exceed the limit. Part 2 defines a person-to-person transaction as a charge for funds sent to another person or a charge to add funds to your Amex Send account.

Supporting quotations

Person-to-Person Limit: Your person-to-person transactions may not exceed $2,000 within any 30-day period.

You agree to manage your Account so that the total of your person-to-person transactions in any 30-day period does not exceed the Person-to-Person Limit.

We may not approve a person-to-person transaction if it would cause your Account to exceed the applicable Person-to- Person Limit.

Cross-references

• defined by (model-proposed): Definitions of charge, purchase, person-to-person transaction, plan and Closing Date — The definition of a person-to-person transaction determines which charges count toward the person-to-person limit.

Charges & Financial Obligations · Procedure

Monthly amount due is the Pay In Full New Balance plus any Pay Over Time/Cash Advance Minimum Due and Plan Payment Due

The amount you owe each month is the sum of three items on your billing statement: the Pay In Full New Balance; any Pay Over Time and/or Cash Advance Minimum Due; and any Plan Payment Due. These amounts include any past due amounts. Note the vocabulary: this section speaks of "the amount you owe each month" and of a "Minimum Due", while other sections speak of the "Amount Due" and the "Minimum Payment Due"; the worked example below calls the sum of the Pay In Full New Balance and the Pay Over Time/Cash Advance Minimum Due the Minimum Payment Due.

Supporting quotations

The amount you owe each month is the sum of the following on your billing statement:

The Pay In Full New Balance

Any Pay Over Time and/or Cash Advance Minimum Due

Any Plan Payment Due

Above amounts include any past due amounts.

Not stated here

• The document does not define how "Amount Due" and "Minimum Payment Due" relate to each other in every context; it uses both terms.

Charges & Financial Obligations · Procedure

Pay Over Time/Cash Advance Minimum Due is the highest of $40, 2% of the New Balance, or a tiered calculation

The Pay Over Time and/or Cash Advance Minimum Due is the highest of three amounts: $40; 2% of the Pay Over Time and/or Cash Advance New Balance; or the total from a stepped calculation that starts from the New Balance minus the Interest charged on the billing statement (the "Amount"). The steps are in the next card. The extracted text shows these three alternatives as list items; the worked example later refers to them as 1., 2. and 3., but the list numbers are not present in the extracted text.

Supporting quotations

Your Pay Over Time and/or Cash Advance Minimum Due is the highest of:

$40

2% of the Pay Over Time and/or Cash Advance New Balance

The total calculated by following these steps: Use the Pay Over Time and/or Cash Advance New Balance minus the Interest charged on the billing statement as the Amount to calculate the sum of a. through d. below:

Charges & Financial Obligations · Procedure

The stepped calculation applies 1%, 2%, 5% and 10% bands, rescales, then adds interest and past-due amounts

For the third alternative, the "Amount" is the Pay Over Time and/or Cash Advance New Balance minus the Interest charged. Take 1% of the Amount from $0 through $20,000, 2% of the Amount from $20,000.01 through $35,000, 5% from $35,000.01 through $50,000 and 10% above $50,000, and add these (a. through d.). Then divide that sum by the Amount and round to four decimals (e.), multiply by the Amount (f.), and add the Interest charged on the billing statement plus any Pay Over Time and/or Cash Advance amount past due (g.).

Supporting quotations

a. 1% of the Amount from $0 through $20,000

b. 2% of the Amount from $20,000.01 through $35,000

c. 5% of the Amount from $35,000.01 through $50,000

d. 10% of the Amount above $50,000

e. Then divide the sum from steps a. through d. by the Amount and round to four decimals

f. Multiply by the Amount

g. Add the Interest charged on the billing statement Plus any Pay Over Time and/or Cash Advance amount past due.

Qualifications & exceptions

• The bands apply to the Amount (New Balance minus Interest charged), not to the New Balance itself.

Charges & Financial Obligations · User right or choice

The Minimum Due never exceeds the New Balance, and you may pay more than the minimum at any time

Your Pay Over Time and/or Cash Advance Minimum Due will not exceed your Pay Over Time and/or Cash Advance New Balance. You may pay more than the Minimum Payment Due, up to your entire outstanding balance, at any time.

Supporting quotations

Your Pay Over Time and/or Cash Advance Minimum Due will not exceed your Pay Over Time and/or Cash Advance New Balance.

You may pay more than the Minimum Payment Due, up to your entire outstanding balance, at any time.

Charges & Financial Obligations · Context

Worked example, inputs and first steps: $200 Pay In Full New Balance and $30,300 Pay Over Time/Cash Advance New Balance

The example assumes a Pay In Full New Balance of $200 and a Pay Over Time and/or Cash Advance New Balance of $30,300 that includes Interest of $300. The three alternatives come out as: $40; 2% of $30,300, which is $606; and a stepped calculation that begins with $30,300 minus $300, which is $30,000, and then 1% of $20,000, which is $200, followed by 2% of $10,000, which is $200. The example finishes in the next section.

Supporting quotations

EXAMPLE: You have: a Pay In Full New Balance of $200 and a Pay Over Time and/or Cash Advance New Balance of $30,300, which includes Interest of $300.

$40

2% multiplied by $30,300 equals $606

$30,300 minus $300 equals $30,000

a. 1% multiplied by $20,000 equals $200

b. 2% multiplied by ($30,000 minus $20,000) equals $200

Charges & Financial Obligations · Context

Worked example result: Minimum Due of $699 plus $200 Pay In Full balance gives a Minimum Payment Due of $899

The example finishes the stepped calculation: 1% of $20,000 is $200 and 2% of the next $10,000 is $200, with nothing in the 5% and 10% bands. The sum of $400 divided by $30,000 gives 0.0133 (rounded to four decimals); multiplied by $30,000 this is $399, and adding the $300 of Interest gives $699. The highest of the three alternatives ($40, $606 and $699) is $699. That Pay Over Time and/or Cash Advance Minimum Due of $699, plus the Pay in Full New Balance of $200, make up a Minimum Payment Due of $899.

Supporting quotations

a. 1% multiplied by $20,000 equals $200

b. 2% multiplied by ($30,000 minus $20,000) equals $200

c. 5% multiplied by $0 equals $0

d. 10% multiplied by $0 equals $0

e. ($200 plus $200) divided by $30,000 equals 0.0133

f. $30,000 multiplied by 0.0133 equals $399

g. $399 plus $300 equals $699

The highest of 1., 2. or 3. is $699.

The Pay Over Time and/or Cash Advance Minimum Due of $699 plus the Pay in Full New Balance of $200 together make up the Minimum Payment Due of $899.

Qualifications & exceptions

• An illustration with assumed balances, not a statement of any Card Member's amount.

Charges & Financial Obligations · Company practice

Interest on cash advances runs from the transaction date and cannot be avoided

Amex charges interest on cash advances from the transaction date, and the text states "You cannot avoid paying interest on cash advances". Interest on Pay Over Time balances follows the rules described in the next cards.

Supporting quotations

We charge interest on Pay Over Time balances as described below.

For cash advances, we charge interest from the transaction date.

You cannot avoid paying interest on cash advances.

Cross-references

• refers to (model-proposed): Table summary of when interest is charged: due date, no-interest condition, cash advance interest from transaction date — The table summary and the grace-period section both state that cash advance interest runs from the transaction date.

Charges & Financial Obligations · Company practice

Interest on Pay Over Time charges starts at the transaction date, or the day after a Closing Date move

For charges added automatically to a Pay Over Time balance when they post, Amex charges interest from the transaction date until they are paid. For charges (or portions) that Amex automatically moves from your Pay In Full balance to your Pay Over Time balance on your Closing Date, interest runs from the day after they are added to the Pay Over Time balance until they are paid. The Closing Date move is something you authorize in Part 2 under the Pay Over Time terms.

Supporting quotations

For charges added automatically to a Pay Over Time balance at the time they post to your account, we charge interest from the transaction date until they are paid.

For charges or portions of charges that we automatically move from your Pay In Full balance to your Pay Over Time balance on your Closing Date, we charge interest from the day after they are added to your Pay Over Time balance until they are paid.

you authorize us to automatically move all or a portion of those charges to your Pay Over Time balance, subject to your Pay Over Time Limit.

Qualifications & exceptions

• Different start dates apply to the two kinds of Pay Over Time charge.

Cross-references

• refers to (model-proposed): On the Closing Date, eligible new Pay In Full charges may be moved to Pay Over Time if the Limit allows — Interest on charges moved on the Closing Date runs from the day after they are added, which applies to the charges the Closing Date authorization moves.

Charges & Financial Obligations · Restriction or exception

No interest on automatic Pay Over Time charges if the previous balance was zero or the last two bills were paid in full

Amex will not charge interest on charges added automatically to the Pay Over Time balance in a billing period if either (a) the Pay Over Time Previous Balance for the billing period is zero, or (b) you paid the Account Total New Balance (or, if you have an active Plan It plan, the Adjusted Balance) in full by the Payment Due Date for each of the previous two billing periods. The Part 1 table summarises this as paying the Account Total New Balance "each month"; the test here looks at the previous balance or the previous two billing periods.

Supporting quotations

However, we will not charge interest on charges added automatically to your Pay Over Time balance in a billing period if:

your Pay Over Time Previous Balance for the billing period is zero; or

you paid the Account Total New Balance on your billing statement (if any) or Adjusted Balance (if you have an active plan created through Plan It) for each of the previous two billing periods in full by the Payment Due Date shown on each of those billing statements.

We will not charge you interest on charges automatically added to a Pay Over Time balance if each month you pay your Account Total New Balance on your billing statement

Qualifications & exceptions

• The two conditions are alternatives (the first ends with "or").
• Applies to charges added automatically to the Pay Over Time balance; cash advances accrue interest from the transaction date.

Not stated here

• The document does not say how the table's "each month" wording and this previous-two-periods test interact when a Card Member paid in full this month but not in an earlier month.

Cross-references

• contrast (model-proposed): Table summary of when interest is charged: due date, no-interest condition, cash advance interest from transaction date — The Part 1 table summary says no interest is charged on automatic Pay Over Time charges if you pay the Account Total New Balance "each month"; the fuller grace-period section tests whether the Pay Over Time Previous Balance is zero or whether the balance was paid in full for each of the previous two billing periods. The two wordings pull slightly differently and the document does not reconcile them.

Charges & Financial Obligations · Company practice

Pay Over Time Select purchases accrue interest from the date they are added

For Pay Over Time Select, Amex charges interest on purchases added at your request to a Pay Over Time Select balance from the date they are added until they are paid. The sentence is the only place this document mentions Pay Over Time Select; it does not define the feature or its rate.

Supporting quotations

For Pay Over Time Select: we charge you interest on purchases added at your request to a Pay Over Time Select balance from the date they are added to a Pay Over Time Select balance until they are paid

Not stated here

• The document does not define Pay Over Time Select or say whether it is available on this Account or at what rate.

Charges & Financial Obligations · User right or choice

You can cancel the Card without paying fees if you have not yet used the Account or made a payment after a statement

If you have not yet used the Account or made a payment on the Account after receiving a billing statement, you can cancel your Card without obligation to pay any fees. The sentence is quoted exactly because its two conditions are not tied together precisely: it does not say whether not having used the Account, or not having made a payment after the first statement, is enough on its own, or whether both must be true.

Supporting quotations

If you have not yet used the Account or made a payment on the Account after receiving a billing statement, you can cancel your Card without obligation to pay any fees.

Not stated here

• Whether "not yet used the Account" and "made a payment ... after receiving a billing statement" are alternative or combined conditions is not clear from the wording.
• The document does not say how to cancel in this sentence.

Charges & Financial Obligations · Context

A cash advance covers cash and cash equivalents, such as foreign currency, digital currency, casino chips and betting

A cash advance is a charge to get cash or cash equivalents, including travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips, race track wagers, and other offline and online betting transactions. Because the Rates and Fees Table, the cash advance limit, the interest-start rules and the Pay Over Time rules treat "cash advances" differently from other charges, a charge that falls in this definition is covered by those separate terms.

Supporting quotations

A cash advance is a charge to get cash or cash equivalents, including travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips, race track wagers, and other offline and online betting transactions.

Qualifications & exceptions

• The list uses "including", so it gives examples of cash equivalents rather than a closed list.

Cross-references

• defines (model-proposed): Cash advance fee is 5% (minimum $10), counts any ATM operator fee, and is added to the Cash Advance balance — The definition of a cash advance determines which charges the cash advance fee applies to.

Charges & Financial Obligations · Context

Definitions of charge, purchase, person-to-person transaction, plan and Closing Date

A charge is any amount added to your Account, such as purchases, cash advances, fees and interest charges. A purchase is a charge for goods, services or person-to-person transactions. A person-to-person transaction is a charge for funds sent to another person or a charge to add funds to your Amex Send account. A plan is a portion of your Account balance that you have selected to pay through a set number of monthly payments using Plan It. The Closing Date appears on each billing statement and is the last day of the billing period it covers.

Supporting quotations

A charge is any amount added to your Account, such as purchases, cash advances, fees, and interest charges.

A purchase is a charge for goods, services, or person-to-person transactions.

A person-to-person transaction is a charge for funds sent to another person or a charge to add funds to your Amex SendTM Account.

A plan is a portion of your Account balance that you have selected to pay through a set number of monthly payments using Plan It.

The Closing Date appears on each billing statement and is the last day of the billing period covered by the billing statement.

Qualifications & exceptions

• Because a person-to-person transaction is also a "purchase", the person-to-person limit and the purchase terms can both apply to it.

Cross-references

• defines (model-proposed): Person-to-person transactions are limited to $2,000 in any 30-day period — The definition of a person-to-person transaction determines which charges count toward the person-to-person limit.

Charges & Financial Obligations · User right or choice

Pay Over Time lets you carry an interest-bearing balance up to your Limit, with active and inactive settings

If Pay Over Time is a feature of your Account, you may carry a balance with interest, up to your Pay Over Time Limit, which applies to the total of your Pay Over Time, Cash Advance and Plan balances. Pay Over Time has two settings, active and inactive, and you can change or view the setting at any time through your online account or by calling the number on the back of your Card. Charges are added to the Pay Over Time balance as described in the following paragraphs.

Supporting quotations

Pay Over Time: If Pay Over Time is a feature of your Account, you may carry a balance with interest, up to your Pay Over Time Limit.

Pay Over Time has two settings: active and inactive.

You can change or view your Pay Over Time setting at any time through your online account or by calling the number on the back of your Card.

The Pay Over Time Limit applies to the total of your Pay Over Time, Cash Advance, and Plan balances.

Qualifications & exceptions

• Applies only if Pay Over Time is a feature of your Account.

Not stated here

• Whether Pay Over Time is a feature of this particular Account is not stated in this generic document; the Part 1 table lists a Pay Over Time APR.

Cross-references

• qualified by (model-proposed): The Pay Over Time Limit caps the combined Pay Over Time, Cash Advance and Plan balances, with a posting-delay exception — The Pay Over Time Limit described in Account Features applies to the total of the Pay Over Time, Cash Advance and Plan balances, and the later definition adds its exceptions and the charge-overflow rule.

Charges & Financial Obligations · Restriction or exception

When Pay Over Time is inactive, purchases and Annual Fees go to the Pay In Full balance due in full each month

Purchases made and Annual Fees charged while Pay Over Time is set to inactive are added to your Pay In Full balance, which is due in full each month.

Supporting quotations

Purchases made and Annual Fees charged when Pay Over Time is set to inactive will be added to your Pay In Full balance, which will be due in full each month.

Charges & Financial Obligations · User right or choice

With a Pay Over Time balance you can pay in full, the Minimum Payment Due, or any amount in between each month

If you have a Pay Over Time balance, you can choose each month to pay your Account Total New Balance in full, the Minimum Payment Due, or any amount in between.

Supporting quotations

If you have a Pay Over Time balance, you can choose each month to pay your Account Total New Balance in full, the Minimum Payment Due, or any amount in between.

Qualifications & exceptions

• Paying less than the full balance leaves interest-bearing balances; the no-interest conditions are in Part 1.

Charges & Financial Obligations · Company practice

Eligible charges go to the Pay Over Time balance automatically if it is active at 8 p.m. ET on the transaction date

If Pay Over Time is set to active at 8 p.m. ET on the transaction date the merchant provides for an eligible charge, or on the date an eligible Annual Fee is charged to your Account, the charge is automatically added to your Pay Over Time balance, subject to your Pay Over Time Limit. Cash advances and some other charges are not eligible (see the eligibility card).

Supporting quotations

On the Transaction Date:

If Pay Over Time is set to active at 8 p.m.ET on the transaction date provided by the merchant for an eligible charge, or on the date when an eligible Annual Fee is charged to your Account, the charge will automatically be added to your Pay Over Time balance, subject to your Pay Over Time Limit.

Qualifications & exceptions

• Subject to the Pay Over Time Limit and to charge eligibility.

Cross-references

• qualified by (model-proposed): Cash advances are not eligible for Pay Over Time; Amex may change eligibility and may suspend Pay Over Time at any time — Ineligible charges and the right to suspend Pay Over Time qualify the rule that eligible charges are automatically added when Pay Over Time is active.

Charges & Financial Obligations · Restriction or exception

A charge that would push balances over the Pay Over Time Limit goes entirely to the Pay In Full balance

If adding an entire charge to the Pay Over Time balance would make the total of your Pay Over Time, Cash Advance and Plan balances exceed your Pay Over Time Limit, that whole charge is added to your Pay In Full balance instead. Part 2's description of the Pay Over Time Limit says the same: a charge that would push the Pay Over Time balance over the limit is added to the Pay In Full balance.

Supporting quotations

If the addition of an entire charge to your Pay Over Time balance would cause the total of your Pay Over Time, Cash Advance, and Plan balances to exceed your Pay Over Time Limit, that charge will be added to your Pay In Full balance.

If the addition of a charge would cause your Pay Over Time balance to exceed your Pay Over Time Limit, that charge will be added to your Pay In Full balance.

Qualifications & exceptions

• This rule applies when charges post; on the Closing Date a partial move is possible (see the Closing Date cards).

Cross-references

• contrast (model-proposed): On the Closing Date a charge that would exceed the Limit is moved only in part, in order of transaction date — When a charge posts, one that would exceed the Pay Over Time Limit goes entirely to the Pay In Full balance; on the Closing Date a charge that would exceed it is moved in part. The two rules apply at different times and are not reconciled in one statement.

Charges & Financial Obligations · Company practice

The merchant's transaction date can differ from your purchase date, and same-date charges are added in any order

The transaction date provided by the merchant may differ from the date you made the purchase, for example if there is a delay in the merchant submitting the transaction to Amex or if the merchant uses the shipping date as the transaction date. Charges with the same transaction date are added to the Pay Over Time balance in any order Amex chooses.

Supporting quotations

The transaction date provided by the merchant may differ from the date you made the purchase if, for example, there is a delay in the merchant submitting the transaction to us or if the merchant uses the shipping date as the transaction date.

Charges with the same transaction date will be added to your Pay Over Time balance in any order we choose.

Not stated here

• The document does not say how a different transaction date affects which charges fit under the Pay Over Time Limit beyond the order rule stated.

Charges & Financial Obligations · Permission or license

On the Closing Date, eligible new Pay In Full charges may be moved to Pay Over Time if the Limit allows

On your Closing Date, if the total of your Pay Over Time, Cash Advance and Plan balances is less than your Pay Over Time Limit, Pay Over Time is set to active at 8 p.m. ET, and there are eligible new charges in your Pay In Full balance with a transaction date when Pay Over Time was set to active, you authorize Amex to automatically move all or a portion of those charges to your Pay Over Time balance, subject to the Pay Over Time Limit. Interest on charges moved this way runs from the day after they are added to the Pay Over Time balance. The extracted text numbers the conditions "1)" and "3)" and the "2)" marker is missing, so the second condition is read from the sentence order: Pay Over Time is set to active at 8 p.m. ET.

Supporting quotations

On your Closing Date:

Also, if on your Closing Date, 1) the total of your Pay Over Time, Cash Advance, and Plan balances is less than your Pay Over Time Limit,

Pay Over Time is set to active at 8 p.m. ET and 3) there are eligible new charges in your Pay In Full balance with a transaction date when Pay Over Time was set to active, you authorize us to automatically move all or a portion of those charges to your Pay Over Time balance, subject to your Pay Over Time Limit.

we charge interest from the day after they are added to your Pay Over Time balance until they are paid

Qualifications & exceptions

• Condition 2 appears without its number in the extracted text; its content is read from the sentence as extracted.

Not stated here

• The extracted text drops the "2)" marker between the first and third conditions.

Cross-references

• referred to by (model-proposed): Interest on Pay Over Time charges starts at the transaction date, or the day after a Closing Date move — Interest on charges moved on the Closing Date runs from the day after they are added, which applies to the charges the Closing Date authorization moves.
• has exception (model-proposed): Disputed, fraud-reported, planned and foreign-fee charges are not eligible to move on the Closing Date — The listed ineligible charges are exceptions to the Closing Date authorization to move eligible charges.

Charges & Financial Obligations · Company practice

On the Closing Date a charge that would exceed the Limit is moved only in part, in order of transaction date

If adding a charge to the Pay Over Time balance on the Closing Date would make the total of your Pay Over Time, Cash Advance and Plan balances exceed the Pay Over Time Limit, Amex moves a portion of that charge up to the Pay Over Time Limit, and the remaining portion stays in your Pay In Full balance. Eligible charges are moved in order of the transaction dates, and charges with the same transaction date are added in any order Amex chooses. This differs from the rule when charges post, where a charge that would exceed the limit goes entirely to the Pay In Full balance.

Supporting quotations

If the addition of a charge to your Pay Over Time balance would cause the total of your Pay Over Time, Cash Advance, and Plan balances to exceed your Pay Over Time Limit, we will move a portion of that charge to your Pay Over Time balance, up to your Pay Over Time Limit.

The remaining portion of the charge will remain in your Pay In Full balance.

Eligible charges will be moved to your Pay Over Time balance in order of the transaction dates.

Charges with the same transaction date will be added to your Pay Over Time balance in any order we choose.

Cross-references

• contrast (model-proposed): A charge that would push balances over the Pay Over Time Limit goes entirely to the Pay In Full balance — When a charge posts, one that would exceed the Pay Over Time Limit goes entirely to the Pay In Full balance; on the Closing Date a charge that would exceed it is moved in part. The two rules apply at different times and are not reconciled in one statement.

Charges & Financial Obligations · Restriction or exception

Disputed, fraud-reported, planned and foreign-fee charges are not eligible to move on the Closing Date

A new charge, or a portion of one, will not be eligible to be moved to the Pay Over Time balance on your Closing Date if: it is subject to a Foreign Transaction Fee; it or a portion of it is disputed (for a reason other than fraud) and the dispute is not resolved in the same billing period in which it was opened; it or a portion of it is reported as fraudulent and either Amex determined it fraudulent in the same billing period in which it posted or has not yet determined whether it is fraudulent in that billing period; you created a plan for it with Plan It; Pay Over Time is suspended on your Account; or your Account is cancelled or enrolled in a payment program.

Supporting quotations

A new charge, or a portion of a new charge, will not be eligible to be moved to your Pay Over Time balance on your Closing Date if:

that charge is subject to a Foreign Transaction Fee;

that charge or a portion of that charge is disputed (for a reason other than fraud) and that dispute is not resolved in the same billing period in which it was opened;

that charge or a portion of that charge is reported as fraudulent and either (i) we determined the charge is fraudulent in the same billing period in which it was posted to your Account, or (ii) we have not yet determined if the charge is fraudulent in the same billing period in which it was posted to your Account;

you created a plan for that charge using Plan It;

Pay Over Time is suspended on your Account; or

your Account is cancelled or enrolled in a payment program.

Qualifications & exceptions

• The conditions are alternatives; any one makes the charge or portion ineligible for the Closing Date move.

Not stated here

• "Payment program" is not defined in this document.
• Part 1 lists the Foreign Transaction fee as none, so whether any charge on this Account is "subject to a Foreign Transaction Fee" is not stated here.

Cross-references

• exception to (model-proposed): On the Closing Date, eligible new Pay In Full charges may be moved to Pay Over Time if the Limit allows — The listed ineligible charges are exceptions to the Closing Date authorization to move eligible charges.

Charges & Financial Obligations · Restriction or exception

Cash advances are not eligible for Pay Over Time; Amex may change eligibility and may suspend Pay Over Time at any time

Certain charges, such as cash advances, are not eligible for Pay Over Time, and Amex may change the eligibility of other charges. Amex may suspend Pay Over Time at any time based on its assessment of your creditworthiness, the status of your Account and/or your enrollment in a payment program.

Supporting quotations

Certain charges are not eligible for Pay Over Time, such as cash advances and we may change the eligibility of other charges for Pay Over Time.

We may suspend Pay Over Time at any time based on our assessment of your creditworthiness, the status of your Account, and/or your enrollment in a payment program.

Not stated here

• "Payment program" is not defined in this document.

Cross-references

• qualifies (model-proposed): Eligible charges go to the Pay Over Time balance automatically if it is active at 8 p.m. ET on the transaction date — Ineligible charges and the right to suspend Pay Over Time qualify the rule that eligible charges are automatically added when Pay Over Time is active.

Charges & Financial Obligations · Restriction or exception

You cannot switch Pay Over Time from inactive to active if the Account is past due or Pay Over Time is suspended

If your Account is past due or Pay Over Time is suspended, you will not be able to change your Pay Over Time setting from inactive to active.

Supporting quotations

In addition, if your Account is past due or Pay Over Time is suspended, you will not be able to change your Pay Over Time setting from inactive to active.

Charges & Financial Obligations · Company practice

Pay Over Time Travel adds eligible travel purchases to its own balance whatever the setting; cancelling is permanent

If you have the Pay Over Time Travel feature on your Account, Amex automatically adds eligible travel-related purchases to your Pay Over Time Travel balance, subject to your Pay Over Time Limit, whether your Pay Over Time setting is active or inactive. If you request to cancel your Pay Over Time Travel feature, you will not be able to re-enroll.

Supporting quotations

If you have the Pay Over Time Travel feature on your Account: we will automatically add eligible travel-related purchases to your Pay Over Time Travel balance subject to your Pay Over Time Limit regardless of whether your Pay Over Time setting is active or inactive.

If you request to cancel your Pay Over Time Travel feature, you will not be able to re-enroll.

Not stated here

• The document does not define "eligible travel-related purchases" or say whether this Account has the Pay Over Time Travel feature.

Charges & Financial Obligations · Permission or license

Amex may offer Plan It, which turns qualifying purchases into a payment plan with a monthly plan fee

Amex may offer you Plan It, which lets you create a payment plan for qualifying purchases, subject to a plan fee. The plan fee is a fixed finance charge charged each month a plan is active. You use the feature by selecting qualifying purchases and a plan duration. The details of the plan fee basis, qualifying purchases and eligibility are in the next section.

Supporting quotations

Plan It: We may offer you Plan It, which allows you to create a payment plan for qualifying purchases subject to a plan fee.

This fee is a fixed finance charge that will be charged each month that a plan is active.

You may use this feature by selecting qualifying purchases and a plan duration.

Qualifications & exceptions

• "May offer" means availability is at Amex's discretion.

Charges & Financial Obligations · Company practice

Plan fee is based on the APR for the balance the purchase was in, with a plan fee shown before you create the plan

You can view the monthly plan payments, including the plan fee, for your selection. A purchase in your Pay Over Time balance that you put into a plan is added to a plan balance and the plan fee is based on the APR that would otherwise apply to it. A purchase in your Pay In Full balance is added to a plan balance and the fee is based on the APR that applies to the Pay Over Time feature when you create the plan. A purchase divided between the two balances (because only part of it was moved to Pay Over Time on the Closing Date) uses whichever of those two APRs is lower. The table caps the monthly plan fee at up to 1.33% of each purchase placed in a plan.

Supporting quotations

You will be able to view the monthly plan payments, including the plan fee, for your selection.

If you create a plan for a purchase in your Pay Over Time balance, the purchase will be added to a plan balance and will be subject to a plan fee based on the APR that would otherwise apply to the purchase amount.

If you create a plan for a purchase that is in your Pay In Full balance, the purchase will be added to a plan balance and will be subject to a plan fee based on the APR that applies to the Pay Over Time feature at the time you create the plan.

If you create a plan for a purchase that is divided between your Pay Over Time and Pay In Full balances, because only a portion of that purchase was moved to your Pay Over Time balance on your Closing Date, the purchase will be added to a plan balance and will be subject to a plan fee based on either the APR that would otherwise apply (to the portion of the purchase that was in your Pay Over Time balance) or the APR that applies to the Pay Over Time feature at the time you create the plan, whichever is lower.

A monthly plan fee of up to 1.33% of each purchase placed in a plan

we will move a portion of that charge to your Pay Over Time balance, up to your Pay Over Time Limit.

Not stated here

• The table also bases the fee on the plan duration and "other factors"; this section does not say how the duration or those factors change the fee.

Cross-references

• qualifies (model-proposed): Plan It fee: a monthly fixed finance charge of up to 1.33% of each purchase placed in a plan — The Plan It section states which APR the plan fee is based on for each kind of purchase, which qualifies the table row's fee basis.

Charges & Financial Obligations · Restriction or exception

Qualifying Plan It purchases must meet a minimum amount and exclude cash, foreign-fee purchases and fees

A qualifying purchase for Plan It is a purchase of at least a specified dollar amount. Qualifying purchases do not include purchases of cash or cash equivalents, purchases subject to Foreign Transaction Fees, or any fee owed to Amex, such as Annual Fees.

Supporting quotations

A qualifying purchase for Plan It is a purchase of at least a specified dollar amount.

Qualifying purchases do not include purchases of cash or cash equivalents, purchases subject to Foreign Transaction Fees, or any fee owed to us, such as Annual Fees.

Not stated here

• The specified dollar amount is not stated in this document.
• Part 1 lists the Foreign Transaction fee as none, so whether any purchase is "subject to Foreign Transaction Fees" on this Account is not stated here.

Charges & Financial Obligations · Restriction or exception

Your ability to create plans depends on creditworthiness and the Limit, and is blocked in several situations

Your ability to create plans depends on factors such as your creditworthiness and your Pay Over Time Limit, and you may not be able to create a plan if it would cause you to exceed the Limit. You will not be able to create plans if your Pay Over Time feature is suspended or your Account is cancelled. You will also not be able to create plans if one or more of your American Express Accounts is enrolled in a payment program, has a payment that is returned unpaid, or is past due.

Supporting quotations

Your ability to create plans will be based on a variety of factors such as your creditworthiness and your Pay Over Time Limit.

You may not be able to create a plan if it would cause you to exceed your Pay Over Time Limit.

You will not be able to create plans if your Pay Over Time feature is suspended or your Account is cancelled.

You will also not be able to create plans if one or more of your American Express Accounts is enrolled in a payment program, has a payment that is returned unpaid, or is past due.

Qualifications & exceptions

• The last restriction reaches any of your American Express Accounts, not only this Account.

Not stated here

• "Payment program" is not defined in this document.

Charges & Financial Obligations · Company practice

Amex sets how many active plans you may have (and can change it) and decides durations and multi-purchase plans

Amex will tell you the number of active plans you may have and may change this number at any time. The plan durations offered to you, and your ability to include multiple qualifying purchases in a single plan, are at Amex's discretion and based on factors such as your creditworthiness, the purchase amounts and your Account history.

Supporting quotations

We will tell you the number of active plans you may have, and we may change this number at any time.

The plan durations offered to you, and your ability to include multiple qualifying purchases in a single plan, will be at our discretion and will be based on a variety of factors such as your creditworthiness, the purchase amount(s), and your Account history.

Not stated here

• The number of active plans and the available durations are not stated in this document.

Charges & Financial Obligations · User right or choice

Plans cannot be cancelled, but paying the full Account Total New Balance early ends future plan fees

Plans cannot be cancelled after they have been created. You can choose to pay them early by paying the Account Total New Balance shown on your most recent billing statement in full. If you pay a plan off early, you will not incur any future plan fees on that plan.

Supporting quotations

Plans cannot be cancelled after they have been created, but you can choose to pay them early by paying the Account Total New Balance shown on your most recent billing statement in full.

If you pay a plan off early, you will not incur any future plan fees on that plan.

Not stated here

• The document does not say whether plan fees already charged are refunded on early payoff; it only says no future plan fees are incurred.

Charges & Financial Obligations · Restriction or exception

The Pay Over Time Limit caps the combined Pay Over Time, Cash Advance and Plan balances, with a posting-delay exception

If you have Pay Over Time, Amex assigns a Pay Over Time Limit to your Account, shown on page 1 of Part 1 and on each billing statement. It applies to the total of your Pay Over Time, Cash Advance and Plan balances, and your Pay Over Time balance cannot exceed it. A charge that would push the Pay Over Time balance over the limit is added to the Pay In Full balance instead. When there is a delay in posting cash advances or plans to your Account, the total of those balances may exceed the Pay Over Time Limit.

Supporting quotations

Pay Over Time Limit: If you have Pay Over Time, we assign a Pay Over Time Limit to your Account, which is shown on page 1 of Part 1 and on each billing statement.

The Pay Over Time Limit applies to the total of your Pay Over Time, Cash Advance, and Plan balances.

Your Pay Over Time balance cannot exceed your Pay Over Time Limit.

If the addition of a charge would cause your Pay Over Time balance to exceed your Pay Over Time Limit, that charge will be added to your Pay In Full balance.

When there is a delay in posting cash advances or plans to your Account, the total of your Pay Over Time, Cash Advance, and Plan balances may exceed your Pay Over Time Limit.

Not stated here

• The amount of the Pay Over Time Limit is account-specific and is not shown in this public Part 1.

Cross-references

• qualifies (model-proposed): Pay Over Time lets you carry an interest-bearing balance up to your Limit, with active and inactive settings — The Pay Over Time Limit described in Account Features applies to the total of the Pay Over Time, Cash Advance and Plan balances, and the later definition adds its exceptions and the charge-overflow rule.

Charges & Financial Obligations · Company practice

The Pay Over Time Limit is not a spending limit and Amex may raise or lower it at any time, telling you if it changes

The Pay Over Time Limit is not a spending limit: Amex may approve or decline a charge regardless of whether your Card Account balance is greater or less than the limit. Amex may increase or reduce the Pay Over Time Limit at any time, even if you pay on time and your Account is not in default, and will tell you if it changes the limit.

Supporting quotations

The Pay Over Time Limit is not a spending limit.

We may approve or decline a charge regardless of whether your Card Account balance is greater or less than your Pay Over Time Limit.

We may increase or reduce your Pay Over Time Limit at any time.

We may do so even if you pay on time and your Account is not in default.

We will tell you if we change your Pay Over Time Limit.

Not stated here

• The document does not say how far ahead or by what means you are told of a change.

Charges & Financial Obligations · Restriction or exception

Charges not added to a Pay Over Time, Cash Advance or Plan balance must be paid in full by the Payment Due Date

You must pay in full, by the Payment Due Date, all charges that are not added to a Pay Over Time, Cash Advance or Plan balance.

Supporting quotations

You must pay in full, by the Payment Due Date, all charges that are not added to a Pay Over Time, Cash Advance, or Plan balance.

Charges & Financial Obligations · Restriction or exception

You promise to pay all charges added to your Account, including those you or Additional Card Members make or permit

You promise to pay all charges added to your Account, including charges that you or your Additional Card Members make, or permit others to make, even if you or they do not present the Card or sign for the transaction.

Supporting quotations

You promise to pay all charges added to your Account, including charges that you or your Additional Card Members make, or permit others to make, even if you or they do not present the Card or sign for the transaction.

Charges & Financial Obligations · Restriction or exception

You must pay the Amount Due, or at least the Minimum Payment Due, on or before the Payment Due Date

You must pay the Amount Due, or at least the Minimum Payment Due, as applicable, on or before the Payment Due Date, in the time and manner shown on each billing statement.

Supporting quotations

You must pay the Amount Due, or at least the Minimum Payment Due, as applicable, on or before the Payment Due Date in the time and manner shown on each billing statement.

Charges & Financial Obligations · Procedure

Payments must be in U.S. dollars by check, negotiable instrument or electronic payment cleared in the U.S.

Make payments to Amex in U.S. dollars with a single check drawn on a U.S. bank, a single negotiable instrument clearable through the U.S. banking system (for example a money order), or an electronic payment that can be cleared through the U.S. banking system.

Supporting quotations

How to make payments: Make payments to us in U.S. dollars with:

a single check drawn on a U.S. bank, or

a single negotiable instrument clearable through the U.S. banking system, for example a money order, or

an electronic payment that can be cleared through the U.S. banking system.

Charges & Financial Obligations · Procedure

Mailed payments need a separate payment per Account, the coupon address and your Account number

When paying by mail, make a separate payment for each Account, mail it to the address shown on the payment coupon on your billing statement, and write your Account number on the check or negotiable instrument and include the payment coupon.

Supporting quotations

When making a payment by mail:

make a separate payment for each Account,

mail your payment to the address shown on the payment coupon on your billing statement, and

write your Account number on your check or negotiable instrument and include the payment coupon.

Charges & Financial Obligations · Company practice

A conforming payment is credited the day received if on time, otherwise the next day; others may be delayed

If your payment meets the requirements above, Amex credits it to your Account as of the day it receives it, as long as it receives it by the time and in the manner disclosed in your billing statement. If it receives it after that time, it credits the payment on the day after it receives it. If your payment does not meet the requirements, there may be a delay in crediting your Account, which may result in late payment fees and additional interest charges.

Supporting quotations

If your payment meets the above requirements, we will credit it to your Account as of the day we receive it, as long as we receive it by the time and in the manner disclosed in your billing statement.

If we receive it after that time, we will credit the payment on the day after we receive it.

If your payment does not meet the above requirements, there may be a delay in crediting your Account.

This may result in late payment fees and additional interest charges.

Not stated here

• The cut-off time is shown on the billing statement, not in this document.

Charges & Financial Obligations · Restriction or exception

Foreign-currency and non-U.S. bank payments are refused; late or partial payments do not change Amex's rights

Amex will not accept a payment made in a foreign currency or a payment drawn on an account at a bank located outside of the U.S. If Amex processes a late payment, a partial payment, or a payment marked with any restrictive language, that has no effect on its rights and does not change the Agreement.

Supporting quotations

We will not accept a payment made in a foreign currency or a payment drawn on an account at a bank located outside of the U.S.

If we process a late payment, a partial payment, or a payment marked with any restrictive language, that will have no effect on our rights and will not change this Agreement.

Charges & Financial Obligations · Procedure

Payments up to the Minimum Payment Due go first to Pay In Full, then plan amounts, then the lowest-rate balances

Because an Account may hold balances with different interest rates (purchases may have no interest rate or a lower one than cash advances) and plan balances with plan fees, Amex describes how it generally applies payments in a billing period. Payments up to the Minimum Payment Due go first to the Pay in Full New Balance, then to any plan amounts included in the Minimum Payment Due, and then to the Pay Over Time and/or Cash Advance New Balance, first to the balance with the lowest interest rate and then to balances with higher interest rates.

Supporting quotations

here is how we generally apply payments in a billing period:

first to the Pay in Full New Balance; then to any plan amounts included in your Minimum Payment Due; and then to the Pay Over Time and/or Cash Advance New Balance, first to the balance with the lowest interest rate and then to balances with higher interest rates.

Qualifications & exceptions

• Described as how payments are "generally" applied.

Cross-references

• qualified by (model-proposed): Above the Minimum Payment Due, payments go to the highest-rate balances first, then lower rates, then plan balances — Above the Minimum Payment Due the order changes from lowest-rate-first to highest-rate-first, which qualifies the first-stage payment order.

Charges & Financial Obligations · Procedure

Above the Minimum Payment Due, payments go to the highest-rate balances first, then lower rates, then plan balances

Once the Minimum Payment Due has been paid, Amex applies further payments first to the Pay Over Time and/or Cash Advance balances with the highest interest rate, then to balances with lower interest rates, and then to any Plan balances. This reverses the lowest-rate-first order used for the part of a payment up to the minimum.

Supporting quotations

After the Minimum Payment Due has been paid, we apply payments first to the Pay Over Time and/or Cash Advance balances with the highest interest rate and then to balances with lower interest rates, and then to any Plan balances.

Cross-references

• qualifies (model-proposed): Payments up to the Minimum Payment Due go first to Pay In Full, then plan amounts, then the lowest-rate balances — Above the Minimum Payment Due the order changes from lowest-rate-first to highest-rate-first, which qualifies the first-stage payment order.

Charges & Financial Obligations · Company practice

Credits generally go to the related charge's balance; Amex picks the order within balances and moves excess credits

In most cases Amex applies a credit to the same balance as the related charge. Amex may apply payments and credits within balances, and among balances with the same interest rate, in any order it chooses. If any balance is negative at the end of a billing period, that excess credit is redistributed to other balances according to the payment-application order, which means plan balances may in some circumstances get paid before they otherwise would.

Supporting quotations

In most cases, we apply a credit to the same balance as the related charge.

We may apply payments and credits within balances, and among balances with the same interest rate, in any order we choose.

If there is a negative balance in any balance on the account at the end of a billing period, that excess credit will be redistributed to other balances in accordance with how we apply payments described above.

This means that in certain circumstances, plan balances may get paid before they otherwise would.

Qualifications & exceptions

• "In most cases": the related-balance rule is not stated as universal.

Charges & Financial Obligations · Procedure

If you get a credit for a purchase added to a plan, you must call to have it applied to the plan balance

If you receive a credit for a purchase that was added to a plan, you must call Amex at the number on the back of your Card to have the credit applied to the plan balance.

Supporting quotations

If you receive a credit for a purchase added to a plan, you must call us at the number on the back of your Card to have the credit applied to the plan balance.

Not stated here

• The document does not say what happens to the credit if you do not call.

Charges & Financial Obligations · Procedure

Interest is figured balance by balance with the Average Daily Balance method, and the total is the sum across balances

Amex calculates interest for a billing period by first figuring the interest on each balance. Balances within the Pay Over Time feature and Cash Advance balances may have different interest rates. Amex uses the Average Daily Balance method (including new transactions) to figure interest for each balance, and the total interest charged for a billing period is the sum of the interest charged on each balance.

Supporting quotations

We calculate interest for a billing period by first figuring the interest on each balance.

Balances within the Pay Over Time feature and Cash Advance balances may have different interest rates.

We use the Average Daily Balance method (including new transactions) to figure interest charges for each balance.

The total interest charged for a billing period is the sum of the interest charged on each balance.

Charges & Financial Obligations · Procedure

Interest for a balance equals ADB times DPR times the days in the billing period

The interest charged for a balance in a billing period, except for variations caused by rounding, equals the Average Daily Balance (ADB) multiplied by the Daily Periodic Rate (DPR) multiplied by the number of days in the billing period.

Supporting quotations

The interest charged for a balance in a billing period, except for variations caused by rounding, equals:

Average Daily Balance (ADB) multiplied by

Daily Periodic Rate (DPR) multiplied by

number of days in the billing period.

Cross-references

• defined by (model-proposed): ADB is the sum of daily balances divided by the days in the period; a DPR is 1/365th of an APR — The ADB and DPR definitions explain the terms used in the interest formula.
• qualified by (model-proposed): The agreement says DPRs are shown in Part 1, but this published copy lists no Daily Periodic Rate — The formula needs a DPR for each balance, and the agreement points to Part 1 for those values, which this published copy does not show; the formula therefore cannot be completed from this document.

Charges & Financial Obligations · Context

ADB is the sum of daily balances divided by the days in the period; a DPR is 1/365th of an APR

To get the ADB for a balance, Amex adds up its daily balances and divides the result by the number of days in the billing period. A DPR is 1/365th of an APR, rounded to one ten-thousandth of a percentage point.

Supporting quotations

ADB: To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days in the billing period.

DPR: A DPR is 1/365th of an APR, rounded to one ten-thousandth of a percentage point.

Cross-references

• defines (model-proposed): Interest for a balance equals ADB times DPR times the days in the billing period — The ADB and DPR definitions explain the terms used in the interest formula.

Charges & Financial Obligations · Context

The agreement says DPRs are shown in Part 1, but this published copy lists no Daily Periodic Rate

Part 2 says "Your DPRs are shown in How Rates and Fees Work in Part 1." In this published agreement, the How Rates and Fees Work section of Part 1 holds the Explanation of Variable Rates, Determining the Prime Rate, Fees, Cash Advance and P2P Limits, the amount-due calculation and the grace-period text, and the Rates and Fees Table gives each APR as the Prime Rate plus a margin (some as a range). None of these shows a Daily Periodic Rate value. The DPR is defined only as 1/365th of an APR. This card reports that the published agreement does not show the DPRs; no DPR has been computed from the APRs or taken from another agreement.

Supporting quotations

Your DPRs are shown in How Rates and Fees Work in Part 1.

Not stated here

• The DPR values themselves are not in this published agreement.
• Whether DPRs appear in a Card Member's own copy of Part 1 is not shown by this document.

Cross-references

• qualifies (model-proposed): Interest for a balance equals ADB times DPR times the days in the billing period — The formula needs a DPR for each balance, and the agreement points to Part 1 for those values, which this published copy does not show; the formula therefore cannot be completed from this document.

Charges & Financial Obligations · Context

Worked example: 15.99% rate, $2,250 ADB and 30 days gives a DPR of 0.0438% and $29.57 of interest

The example assumes a single interest rate of 15.99%, an ADB of $2,250 and 30 days in the billing period. The DPR is 15.99% divided by 365 days, equal to 0.0438%. The interest is $2,250 multiplied by 0.0438% multiplied by 30 days, equal to $29.57. The rate in the example is illustrative; 15.99% is not one of the rates in this agreement's table, and the example does not show daily balances.

Supporting quotations

EXAMPLE: Calculating Interest

Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period.

The DPR is 15.99% divided by 365 days equals 0.0438%

The Interest is $2,250 multiplied by 0.0438% multiplied by 30 days equals $29.57

Qualifications & exceptions

• An illustration with assumed figures, not a statement of the rate or interest for any Card Member.

Charges & Financial Obligations · Procedure

A daily balance starts from the beginning balance, adds new charges and subtracts payments and credits

Amex figures the daily balance for each balance by taking the beginning balance for the day, adding any new charges, subtracting any payments or credits, and making any appropriate adjustments.

Supporting quotations

Daily Balance: We figure the daily balance for each balance by:

taking the beginning balance for the day,

adding any new charges,

subtracting any payments or credits; and

making any appropriate adjustments.

Not stated here

• "Appropriate adjustments" is not defined in this passage.

Charges & Financial Obligations · Procedure

New charges enter the daily balance on the transaction date (day after a Closing Date move); negatives count as zero

Amex adds a new charge to a daily balance as of its transaction date, except for charges automatically moved from the Pay In Full balance to the Pay Over Time balance on the Closing Date, which are added as of the day after they are moved. If the daily balance is negative, Amex treats it as zero. The day-after treatment matches the rule that interest on moved charges runs from the day after they are added.

Supporting quotations

We add a new charge to a daily balance as of its transaction date, except for charges automatically moved from your Pay In Full balance to your Pay Over Time balance on your Closing Date, which we add to a daily balance as of the day after they are moved to your Pay Over Time balance.

If the daily balance is negative, we treat it as zero.

we charge interest from the day after they are added to your Pay Over Time balance until they are paid

Charges & Financial Obligations · Procedure

Beginning balances include unpaid interest, so interest compounds daily

For the first day of a billing period the beginning balance is the ending balance for the prior billing period, including unpaid interest. For the rest of the period the beginning balance is the previous day's daily balance plus interest equal to the previous day's daily balance multiplied by the DPR for that balance. The document states that this method results in daily compounding of interest.

Supporting quotations

For the first day of a billing period, the beginning balance is the ending balance for the prior billing period, including unpaid interest.

For the rest of the billing period, the beginning balance is the previous day's daily balance plus an amount of interest equal to the previous day's daily balance multiplied by the DPR for that balance.

This method of figuring the beginning balance results in daily compounding of interest.

Charges & Financial Obligations · Permission or license

Amex may use other equivalent methods and may choose not to charge interest on certain types of charges

To figure the ADB and interest charges, Amex may use other formulas or methods that produce equivalent results. Amex may also choose not to charge interest on certain types of charges.

Supporting quotations

To figure the ADB and interest charges, we may use other formulas or methods that produce equivalent results.

Also, we may choose not to charge interest on certain types of charges.

Not stated here

• The passage does not say which types of charges might be exempted.

Charges & Financial Obligations · Context

An annual fee for Additional Cards, if any, is shown on page 2 of Part 1; this Part 1 lists none

If an Annual Fee applies to Additional Cards on your Account, Part 2 says it is shown on page 2 of Part 1. In the Part 1 of this agreement the Annual Fee for Additional Cards is listed as "None".

Supporting quotations

If an Annual Fee applies to Additional Cards on your Account, it is shown on page 2 of Part 1 of this Agreement.

Annual Fee for Additional Cards: None.

Qualifications & exceptions

• Part 2 is generic wording; the Part 1 row for this card states none.

Cross-references

• refers to (model-proposed): Annual Fee is as listed in the Part 1 table; Additional Cards carry no annual fee — The Part 2 pointer to the annual fee for Additional Cards is answered by the Part 1 row stating "None".

Charges & Financial Obligations · Restriction or exception

You are responsible for all use by Additional Card Members and anyone they allow, and must pay the charges

You are responsible for all use of your Account by Additional Card Members and anyone they allow to use your Account, and you must pay for all charges made.

Supporting quotations

You are responsible for all use of your Account by Additional Card Members and anyone they allow to use your Account and you must pay for all charges made.

Charges & Financial Obligations · User right or choice

To end an Additional Card Member's access you contact Amex; any annual fee follows the Part 3 refund policy

Contact Amex if you want to cancel an Additional Card Member's ability to use your Account. If an Annual Fee applies for an Additional Card, the refund policy in the Closing or suspending your Account sub-section of Part 3 applies; if a single Annual Fee applies for a group of Additional Cards, that policy applies when you cancel the Additional Card on which the fee was assessed. That policy refunds an annual fee if you voluntarily close within 30 days after the Closing Date of the billing statement on which the fee appears, and does not apply if your billing address is in Massachusetts when you close the Account.

Supporting quotations

Contact us if you want to cancel an Additional Card Member's ability to use your Account.

If an Annual Fee applies for an Additional Card, please refer to the refund policy disclosed in the Closing or suspending your Account sub-section of Part 3 of this Agreement.

If a single Annual Fee applies for a group of Additional Cards on your Account, this policy will apply when you cancel the Additional Card on which the fee was assessed.

Closing or suspending your Account:

If an Annual Fee applies, we will refund this fee if you notify us that you are voluntarily closing your Account within 30 days after the Closing Date of the billing statement on which that fee appears.

If your billing address is in the Commonwealth of Massachusetts at the time you close your Account, this policy will not apply to you.

Not stated here

• The Part 3 policy is written about voluntarily closing the Account; this passage says it applies when an Additional Card is cancelled, without restating the 30-day condition for that case.
• The document does not say what applies instead for a Massachusetts billing address.

Cross-references

• refers to (model-proposed): You may close the Account by call or letter; the annual fee is refunded only within 30 days (Massachusetts exception) — The Additional Card refund pointer leads to the Part 3 closing and annual fee refund policy.

Charges & Financial Obligations · Restriction or exception

You agree to pay Amex's reasonable costs, including attorneys' fees, of collecting amounts you owe

You agree to pay all reasonable costs, including attorneys' fees, that Amex incurs to collect amounts you owe.

Supporting quotations

Collection costs: You agree to pay all reasonable costs, including attorneys' fees, that we incur to collect amounts you owe.

Charges & Financial Obligations · User right or choice

You may close the Account by call or letter; the annual fee is refunded only within 30 days (Massachusetts exception)

You may close your Account by calling or writing to Amex. If an Annual Fee applies, Amex refunds it if you notify Amex that you are voluntarily closing the Account within 30 days after the Closing Date of the billing statement on which that fee appears. For cancellations after the 30-day period the Annual Fee is non-refundable. If your billing address is in the Commonwealth of Massachusetts when you close the Account, this policy does not apply to you.

Supporting quotations

You may close your Account by calling us or writing to us.

If an Annual Fee applies, we will refund this fee if you notify us that you are voluntarily closing your Account within 30 days after the Closing Date of the billing statement on which that fee appears.

For cancellations after this 30-day period, the Annual Fee is non-refundable.

If your billing address is in the Commonwealth of Massachusetts at the time you close your Account, this policy will not apply to you.

Not stated here

• The passage does not say what applies to a Massachusetts billing address instead.

Cross-references

• referred to by (model-proposed): To end an Additional Card Member's access you contact Amex; any annual fee follows the Part 3 refund policy — The Additional Card refund pointer leads to the Part 3 closing and annual fee refund policy.

Charges & Financial Obligations · Permission or license

If a cancelled Account is re-opened at your request, Amex may charge a $25 fee

If your Account is cancelled and Amex re-opens it at your request, Amex may charge you a $25 fee. Part 1 lists the Account Re-opening fee as $25.

Supporting quotations

If your Account is cancelled and we re-open it at your request, we may charge you a $25 fee.

Cross-references

• refers to (model-proposed): Account Re-opening fee is $25 if a cancelled Account is re-opened at your request — The Part 3 statement that Amex may charge a $25 re-opening fee repeats the Part 1 fee.

Charges & Financial Obligations · Permission or license

Paying by check authorizes a one-time electronic transfer, possibly the same day, and the check is not returned

When you pay by check, you authorize Amex to use information from your check (such as routing number, account number and check serial number) to make a one-time electronic fund transfer from your bank or other asset account. Your payment may be withdrawn as soon as the same day Amex receives your check, and you will not receive that check back from your bank or financial institution. In certain circumstances Amex may process your payment as a check transaction.

Supporting quotations

When you pay us by check, you authorize us to use information from your check (such as routing number, account number and check serial number) to make a one-time electronic fund transfer from your bank or other asset account.

When we do this, your payment may be withdrawn from your bank or other asset account as soon as the same day we receive your check, and you will not receive that check back from your bank or financial institution.

In certain circumstances, we may process your payment as a check transaction.

Not stated here

• The passage does not say what the "certain circumstances" are in which a check transaction is used.

Charges & Financial Obligations · Company practice

Foreign-currency charges are converted to U.S. dollars by AEEML at a rate capped by official or interbank rates

If you make a charge in a foreign currency, AE Exposure Management Ltd. (AEEML) converts it into U.S. dollars on the date Amex or its agents process it, and Amex bills you in U.S. dollars on that conversion. Unless a particular rate is required by law, AEEML chooses a conversion rate that is acceptable to Amex for that date. The rate is no more than the highest official rate published by a government agency or the highest interbank rate AEEML identifies from customary banking sources on the conversion date or the prior business day, and it may differ from the rates in effect on the date of your charge. Charges converted by establishments (such as airlines) are billed at the rates they use.

Supporting quotations

If you make a charge in a foreign currency, AE Exposure Management Ltd. ("AEEML") will convert it into U.S. dollars on the date we or our agents process it, so that we bill you for the charge in U.S. dollars based upon this conversion.

Unless a particular rate is required by law, AEEML will choose a conversion rate that is acceptable to us for that date.

The rate AEEML uses is no more than the highest official rate published by a government agency or the highest interbank rate AEEML identifies from customary banking sources on the conversion date or the prior business day.

This rate may differ from rates that are in effect on the date of your charge.

We will bill charges converted by establishments (such as airlines) at the rates they use.

Qualifications & exceptions

• A rate required by law takes precedence ("unless a particular rate is required by law").

Not stated here

• The document does not say whether the chosen rate includes any margin below the stated ceiling, or what a Card Member is charged beyond the converted amount.

Cross-references

• referred to by (model-proposed): Foreign Transaction fee is none; foreign-currency charges are converted at a rate AEEML chooses — The statement that no foreign transaction fee is listed is read together with the term on how foreign-currency charges are converted.

Charges & Financial Obligations · Context

Oregon notice: service charges will not exceed those permitted by law, and you may pay more than the minimum at any time

For Oregon residents, service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month. You may pay more than the Minimum Payment Due, up to your entire outstanding balance, at any time.

Supporting quotations

Notice to Oregon Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.

You may pay more than the Minimum Payment Due, up to your entire outstanding balance, at any time.

Charges & Financial Obligations · User right or choice

Washington notice: you are not liable for interest caused solely by a late merchant or Amex credit (cited statute)

For residents of Washington State, the Revised Code of Washington Statutes, Section 63.14.167,, you are not responsible for payment of interest charges that result solely from a merchant's failure to transmit to Amex within seven working days a credit for goods or services accepted for return or forgiven, if you have notified Amex of the merchant's delay in posting such credit, or Amex's failure to post such credit to your Account within three working days of its receipt of the credit. The final "or our failure to post such credit" clause can be read as a second ground that stands apart from the notification condition, or as part of it; the passage does not say which, and the statute itself is not supplied.

Supporting quotations

Notice for residents of Washington State: In accordance with the Revised Code of Washington Statutes, Section 63.14.167, you are not responsible for payment of interest charges that result solely from a merchant's failure to transmit to us within seven working days a credit for goods or services accepted for return or forgiven

if you have notified us of the merchant's delay in posting such credit, or our failure to post such credit to your Account within three working days of our receipt of the credit.

Qualifications & exceptions

• Limited to interest charges that result "solely" from the delay.

Not stated here

• Whether the notification condition ("if you have notified us") applies to the "our failure to post such credit" ground is not clear from the wording.
• The text of Section 63.14.167 of the Revised Code of Washington is not supplied.