{"id":9014,"date":"2022-07-09T14:00:42","date_gmt":"2022-07-09T17:00:42","guid":{"rendered":"https:\/\/eragoncred.com\/?p=9014"},"modified":"2022-07-08T16:39:46","modified_gmt":"2022-07-08T19:39:46","slug":"my-chase-plan-and-my-chase-loan-check-how-do-they-work","status":"publish","type":"post","link":"https:\/\/eragoncred.com\/ro\/my-chase-plan-and-my-chase-loan-check-how-do-they-work\/","title":{"rendered":"Planul meu de urm\u0103rire \u0219i \u00eemprumutul meu de urm\u0103rire verific\u0103 cum func\u021bioneaz\u0103?"},"content":{"rendered":"
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Planul meu de urm\u0103rire \u0219i \u00eemprumutul meu de urm\u0103rire verific\u0103 cum func\u021bioneaz\u0103?<\/figcaption><\/figure>\n

Chase offers credit card holders creative payment and loan options: My Chase Plan and My Chase Loan. My Chase Plan is a version of Buy Now, Pay Later, while My Chase Loan allows cardholders to borrow against their available credit limit. Here’s what you should know before using these programs.<\/p>\n

How my chase plan works<\/h2>\n

My Chase Plan is a BNPL plan exclusively for Chase cardholders. “BNPL has become so successful that traditional players are starting to think about how to deal with it,” said Mike Sullivan, a personal financial advisor at Take Charge America, a nonprofit credit counseling and debt management agency. “Some of them are trying to compete by offering the same program.”<\/p>\n

It works like this. After purchasing $100, log into your Chase app or online account and select the “Pay with my Chase plan” option. Depending on your purchases and your credit rating, you’ll get one, two or three plans to choose from. Program durations can range from 3 to 18 months.<\/p>\n

Once your plan starts, you’ll pay a fixed amount over a set number of months, which is simply added to your card’s minimum payment due. While there is no interest, a flat monthly fee is added to the payment amount based on the amount of each purchase, the number of billing cycles, and other factors, so spreading the payment incurs costs.<\/p>\n

Pros and Cons of My Chase Program<\/h2>\n

Pro<\/h3>\n