American Express has tailored new features aimed at luring more budget-conscious consumers into taking on credit card debt.
The features, announced yesterday, include an option that allows users to separate bigger financial transactions from smaller, everyday purchases — separating the purchase of something like a plane ticket away from buying lunch, for instance.
Another feature would let customers pay for these smaller purchases directly via their bank accounts. Users can also load purchases up to $1,000 (or, 10 purchases of $100 each) into “installment plans,” to be paid back over smaller monthly increments.
