In times when unexpected expenses can disrupt any budget, Chase Bank has launched tools that offer significant relief to its customers. With options to split purchases and manage payments more flexibly, millions of Americans find financial respite in these solutions.
Split Your Purchases Interest-Free Thanks to Chase Bank: What a Relief
My Chase Plan allows Chase credit cardholders to split purchases of $100 or more into fixed monthly payments, interest-free. Instead of accruing interest, a fixed monthly fee is charged, which is usually 1.72% of the purchase amount, depending on the chosen term and other factors.
The terms can vary between 3 and 18 months, offering flexibility according to the customer's needs and allowing them to choose the term that best fits their budget. Before confirming the plan, the amount of each payment and the monthly fee are clearly shown. The plan can be paid off early without additional charges.
Advantages of My Chase Plan and How to Activate It Easily
Access your account online or through the Chase mobile app and locate an eligible purchase of $100 or more. Click on "Pay with My Chase Plan" next to the transaction, select the number of months to split the payment, review the details, and confirm to activate the plan.
It's important to note that not all purchases are eligible. The availability of the plan may depend on factors such as credit history and account activity.
Requirements to Use My Chase Plan: Take Note
Among the requirements to access this plan, you must be the holder of an eligible Chase credit card, have an active and up-to-date account. Additionally, you must have a purchase of $100 or more that is no more than 90 days old.
To make smart purchases, Chase Bank recommends that before making a large purchase, you consider if it is essential and if you can split the payment. Use the available tools, Chase offers calculators to estimate monthly payments before activating a plan. Additionally, paying on time and maintaining a good credit history can increase your financing options.
Other News from Chase Bank: They'll Help You More Than Ever
In addition to My Chase Plan, Chase has introduced "Chase Pay In 4," an option to split debit card purchases between $50 and $400 into four equal payments, with no interest or fees if paid on time. This feature is available for customers with Chase checking accounts and can be easily activated from the mobile app.
With these tools, Chase Bank shows its commitment to offering solutions that provide relief to its customers, facilitating the management of their finances and allowing them to face unexpected expenses with greater peace of mind.