Chase Pay Over Time offers cardholders a convenient way to manage larger purchases by allowing them to pay in fixed monthly installments for a set fee, rather than accruing interest on a carried balance. This buy now, pay later (BNPL) feature, available on a wide range of Chase credit cards, provides repayment terms from three to 24 months, making it a flexible tool for budgeting. Cardholders can initiate plans for purchases over $100 directly from their Chase account or for purchases over $50 when shopping on Amazon. The feature charges a fixed monthly fee, calculated as a percentage of the financed amount, but does not accrue interest. This can be advantageous for those who need more time to pay off a purchase without the burden of high-interest rates. Despite the added flexibility, cardholders should remain cautious and avoid using Pay Over Time to overspend, ensuring their purchases align with their financial capability.
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