For first only.
6/12/18/24 months plan
You can break up purchases of $100 or more* into equal monthly payments. For a limited time, enjoy $0 plan fees on the first plan you create by December 31, 2023.*
From lift tickets to holiday gifts, create a plan that works for you and your budget this holiday season
https://www.chase.com/personal/of...reshopping
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I bought a used car at auction a few weeks ago for about $11,000 (a government fleet vehicle with low mileage, trustworthy maintenance history, and good mechanical condition report). Due to the auction rules, I had to either pay upfront with cash or put it on a credit card. My due date was going to be on Jan 26.
I sold my other vehicle for cash (netted about $4000 after paying off the previous loan), and had been planning to get financing for the rest from my local credit union. But now I don't have to worry about any of that, and just set up a 2-year plan with $0 down payment, $0 fees and 0% APR. That shouldn't affect my credit report, I'll own my car outright, and don't need to worry about GAP insurance or other financing costs. And I think I can afford the monthly payments without too much stress, so I can put that other $4000 in a high interest savings account or set up a CD ladder to help earn some interest while I wait for these payments to come due. Plus it looks like I'll still earn my 1% cash back on that $11k purchase on the next billing statement.
I've been using SlickDeals for 10 years. I know this was a paid advertisement by Chase, but this is by far the slickest deal I've ever gotten on this site. The idea that I'm going to be the one taking advantage of the big banks this time makes it even sweeter.
The link above didn't work for me, but when I opened the Chase app this offer was very prominently displayed. It initially suggested setting up a payment plan for a more recent purchase, but I had no problem switching to the exact purchase I wanted.
As part of the process, it also allowed me to switch from paying my entire statement balance in full each month to just the amount due on this payment plan plus all other new purchases. I'll be watching the bills closely, but if it works as promised then everything should be automatic from here on out.
This is from the confirmation email I got:
Payment plan (includes monthly fee): 24 payments of $463.00
Monthly fee: $0.00
Total fees 24 x $0.00: $0.00
Total cost: $11112.00
I bought a used car at auction a few weeks ago for about $11,000 (a government fleet vehicle with low mileage, trustworthy maintenance history, and good mechanical condition report). Due to the auction rules, I had to either pay upfront with cash or put it on a credit card. My due date was going to be on Jan 26.
I sold my other vehicle for cash (netted about $4000 after paying off the previous loan), and had been planning to get financing for the rest from my local credit union. But now I don't have to worry about any of that, and just set up a 2-year plan with $0 down payment, $0 fees and 0% APR. That shouldn't affect my credit report, I'll own my car outright, and don't need to worry about GAP insurance or other financing costs. And I think I can afford the monthly payments without too much stress, so I can put that other $4000 in a high interest savings account or set up a CD ladder to help earn some interest while I wait for these payments to come due. Plus it looks like I'll still earn my 1% cash back on that $11k purchase on the next billing statement.
I've been using SlickDeals for 10 years. I know this was a paid advertisement by Chase, but this is by far the slickest deal I've ever gotten on this site. The idea that I'm going to be the one taking advantage of the big banks this time makes it even sweeter.
high balance will impact your credit score
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This web page describes where to find it if you don't see that:
https://www.chase.com/personal/cr...lsrc=aw.ds
You can start a plan from an eligible purchase in your account activity, or through the My Chase Plan dashboard on chase.com. Chose the "pay over time" option next to an eligible purchase in your transaction history. You can also use the dashboard to check the status of your plans.
You'll still earn rewards as you usually would on the original purchase amount.
If you make a payment beyond your Interest Saving Balance (your normal balance + My Chase Plan minimums), it will be applied to your oldest My Chase Plan. This could be an annoyance if your oldest My Chase Plan is a $0 monthly fee plan and you have a newer non-zero fee My Chase Plan that you want to pay off early. In that situation you would have to pay off the oldest My Chase Plan first.
The link above didn't work for me, but when I opened the Chase app this offer was very prominently displayed. It initially suggested setting up a payment plan for a more recent purchase, but I had no problem switching to the exact purchase I wanted.
As part of the process, it also allowed me to switch from paying my entire statement balance in full each month to just the amount due on this payment plan plus all other new purchases. I'll be watching the bills closely, but if it works as promised then everything should be automatic from here on out.
This is from the confirmation email I got:
I set up my family trip expenses recently with 18 months in 5 minutes