**Introduction**

Calculating the Pay Over Time feature for American Express (Amex) transactions is a crucial aspect for financial planning. The Amex Pay Over Time Calculator provides a simplified method for users to estimate potential costs based on their credit card usage.

**How to Use**

To utilize the Amex Pay Over Time Calculator, simply input the required values in the designated fields. Click the ‘Calculate’ button to obtain an accurate estimate of the Pay Over Time feature.

**Formula**

The formula for calculating the Amex Pay Over Time is as follows:

$Total Pay Over Time Cost=Transaction Amount×Pay Over Time APR×12Number of Months $

**Example**

Suppose you have a transaction amount of $1,000, a Pay Over Time APR of 15%, and you want to calculate the cost over 6 months. The calculation would be:

\text{Total Pay Over Time Cost} = $1,000 \times 0.15 \times \frac{6}{12} = $75

**FAQs**

**Q1: How is the Pay Over Time APR determined?**

A1: The Pay Over Time APR is set by American Express based on the user’s creditworthiness.

**Q2: Can the calculator handle different currencies?**

A2: No, the calculator currently only supports calculations in USD.

**Q3: Is the calculator applicable to all Amex cards?**

A3: Yes, the calculator can be used for all Amex cards with the Pay Over Time feature.

**Conclusion**

The Amex Pay Over Time Calculator is an invaluable tool for Amex cardholders to estimate the potential costs associated with utilizing the Pay Over Time feature. By providing a user-friendly interface and accurate calculations, it empowers users to make informed financial decisions.