Okay so most people know that the new amex gold card or any American Express gold
card for that matter is a charge card. But did you know that you could actually
treat your Amex gold card like a regular credit card? Duane here
with how to build credit TV and in this video that's what I'm gonna talk about.
I'm gonna talk about the ability to use your Amex gold card as a regular credit
card but before we get started I have a quick message.
Once again my name is Duane with how to go credit TV and on this channel we talk
about everything you need to know about credit, credit cards and how to make
money using credit cards. As a matter of fact I was able to make over $1,700
using one credit card. So if this sounds like something in which you're
interested be sure to subscribe to our channel by clicking the word subscribe
below this video to the right and click that notification bell so you don't miss
a thing. Okay so for years American Express has this reputation that it's
basically only a company that offers charge cards. So if you don't know what
charge cards are it's basically where you have to pay off your entire balance
every single month. So believe it or not is 2018 and everybody probably pretty
much thinks that amex basically only offers charge cards. So a lot of people
are still kind of in the dark and they don't know that American Express
actually has credit cards for you as well. If you're watching this video
chances are you know that they offer credit cards as well as charge cards. But
you may not know that you can use your charge card your Amex gold card like a
credit card. And what I mean by that is this with the new Amex gold card you're
able to pay overtime. So if you make a purchase that is $100 or higher you're
able to pay for that purchase over time if you choose. Now of course you're gonna
pay interest on it but at least you don't have to pay off the entire balance
in full like normally you would on a American Express charge card. So that's
something that I didn't necessarily know. I'm sure it's been around for a while
but you know just to make sure I contacted the customer service because I was kind
of reading when I got approved for my new Amex gold card it said pay overtime
credit limit. And I was like well what is that I'm not sure what that is so of
course I contacted them and customer service said that as long as you have a
purchase that is 100 dollars or more you can choose to pay overtime instead of
paying the bill in full every single month. Now once again you got to be
mindful of the fact that if you're going to pay overtime you're going to be
paying interest over time. Now I don't believe in interest I don't believe in
carrying a balance. As a matter of fact I don't carry a
balance on any of my regular credit cards and I'm certainly not gonna carry
a balance on my new Amex gold card. However, if for some reason you want this option
the option is there for you. I will tell you that the interest rate that you're
going to be paying if you pay overtime is going to be at least 20%. So that
means if you have $100 purchase. 20% of $100 is going to be $20.00 now that's a
lot. So it's like hey let me borrow $100 sure here you go here's $100 but when
you give it back to me in a couple of months I'm gonna need you to give me 120
dollars. Now most of us may not do that but depending on the situation I guess
and how desperate you are or how much you're a need for that particular money
to do whatever it is you need to do. You might be willing to pay 20 percent
interest in order to get $100. So be mindful about that like I said you do
have the ability to pay overtime on your Amex gold card. However be mindful of the
fact that you will be paying a lot of interest. So that's what I wanted to talk
about this video this video is nice and short, with the new Amex Gold Card you're
able to pay over time if you'd like to do that and that's pretty much it. Thank
you so much for watching this video about the new amex gold card. If you have
any questions let me know in the comments below and I'll do my best to
answer them as soon as I see them. If you like the video please be sure to give it
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with somebody that may find it helpful please feel free to do so as well. If you
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because on this channel we talk about everything you need to know about credit,
credit cards and how to make money using credit cards. So if this sounds like
something in which you're interested be sure to subscribe and click that
notification bell so you don't miss a thing. Once again my name is Duane with
how to build credit TV and I approve this video. I'll see you in the next
video. Until next time take care and be blessed. Peace!