Chase Bank has pleasantly surprised its customers in the United States with a new feature that's already becoming a welcome surprise. It's a tool within the card, and this utility is generating a wave of joy and satisfaction among users.
My Chase Plan lets customers split purchases into fixed installments that can last several months, depending on the amount and the customer's profile. It's not a separate card, but a function within the Chase credit card that turns a large purchase into manageable payments, with no surprises.
My Chase Plan is here to stay: Chase Bank celebrates with its customers
The best part is that this tool doesn't use interest. Customers only pay a fixed monthly installment that's shown transparently before activating the plan. So, when you buy something, you just need to go into the Chase app or website, see the "Pay with My Chase Plan" option next to the transaction in your card section, choose the number of months between 3 and 18, and see the exact monthly installment.
Activating this tool is very easy; you just need to have made an eligible purchase of $100 or more with your Chase card. Then you access your account, select the transaction you want to split, and choose from the available plans. People describe it as "digital and intuitive," all from your phone or computer.
A highly useful tool for millions of Americans
Many customers face unexpected expenses or large purchases, such as technology, clothing, or appliances. Previously, that meant a hard hit to the monthly budget.
With My Chase Plan, they can now digest those expenses gradually, without paying extra interest, without new applications, and without extra paperwork. In addition, the function coexists with the regular grace period: you still get the basic benefits of the card.
Customers not only use it, but they're happy. Some comment that this plan has let them take advantage of shopping opportunities without the stress of a single payment. It's become a tool that respects both household finances and the desire to enjoy the card.
My Chase Plan also lets you keep earning points or miles, since the original purchase is valid as such, even if it's under the plan. If you want to finish paying early, you can do so without penalty. If for some reason you don't pay an installment, it's just added to the next month and stays active, with no extra interest, although late card fees may apply.