These days, a lot of people I know have become more interested in establishing a payment plan to tackle their credit card balances. Others would like to know more about their spending categories — after all, the more familiar you are with how you spend, the better it can be for you if you happen to use rewards cards. This is because you can truly take advantage of card rewards if you use certain cards for certain spending categories. We discuss this strategy in more detail in this article on how to combine credit cards to earn higher rewards. In addition, the more you know about your credit card, the faster you can pay it off. And on that front, Chase Blueprint has a selection of tools to help Chase customers manage their finances.
Chase Blueprint Card Payment Program Review
Blueprint is a free program that enables you to set goals for your payments and balance. These goals can include paying off higher interest items, avoiding paying interest, paying down your balance faster, and analyzing your spending trends. With Chase Blueprint, you can follow your progress online or on your monthly statement. That way, there’s less of a chance you’ll fall off your track. So the question is, how can you avail of this program? I received a few interesting answers from a Chase representative.
The Blueprint program is actually specifically designed for a particular Chase card customer. This customer is someone whose spending patterns show that they would benefit from a program that helped them manage their payments better. What’s also interesting is that Blueprint is a feature that is built into the Chase Slate card, but it’s not readily available in all other Chase cards. That is, Slate carries this feature by default, but if you own another type of Chase card, you MAY be eligible for the Blueprint payment features, as the issuer promotes it, but it’s not a guarantee that you will receive it. If you carry Chase Freedom or some other card besides Slate, your account will be periodically reviewed by representatives to see if you qualify for Blueprint.
So as mentioned, if you want Blueprint as a guarantee, then you’ll need to go with the Slate card. Otherwise, your card will be subject to a regular evaluation to find out if your spending behavior makes you eligible for Blueprint. You need to fit a particular customer profile before you qualify.
Check for Blueprint when you sign up for a new credit card. If you already have one of these cards, you can visit the Chase website to enroll in this useful program. Your account will then be subject to a check as I’ve explained above.
Chase Blueprint Features
This bill payment program has the following features that you can use:
One way to make the most out of using a credit card is to avoid paying interest on your purchases. With the Full Pay tool, you can pick the categories you want to pay off each month.
For instance, let’s say I have gasoline and dining charges each month. I can specify the gas and dining categories on Full Pay and the charges will be paid off in full each month.
You can designate and mark as many categories as you want as to be fully paid. If you use your credit card to pay for utility bills, subscriptions, or other monthly charges, the Full Pay feature can be a good fit for you.
Have you made a large purchase recently? Split can help you pay off the purchase over a time period you choose. If I wanted to pay off my new $500 washing machine, I could enter the purchase amount, and specify either a monthly payment amount or the number of card payments I want to make.
Split will do the math for me — for instance, if I wanted to make 12 payments to cover the $500 washing machine, then the tool will let me know that I’ll need to pay about $45 each month. On the other hand, if I can spare $50 per payment, then Split will inform me that I can pay it off in just 11 months.
If there are appliances, vacations, or other large purchases that are part of your future, then the Split feature can help you pay them off before they’re distant memories.
Have you ever encountered one of those online debt calculators that claim it’ll take approximately 75 years to pay off your credit card balance? A tool like “Finish It” might dramatically cut down the amount of time you’re in debt.
You can set a goal date or the amount you want to pay each month. Let’s say Uncle Brice has a $10,000 balance with a 12.90% APR. If he wants to pay it off in 36 payments, then Finish It calculates that he’ll need to pay about $338 per month. If he only paid the minimum each month, he’d pay over $8,000 more in interest fees.
If he wants to pay $400 each month, Finish It says he’ll clear out his balance in only 30 months.
Do you need to track certain expenditures or want to set up a budget? “Track It” lets you follow spending categories like automotive, insurance, travel, and others. You can compare last month’s spending to this month’s budget, too. If a certain category goes over your budget, you’ll be able to see it at a glance.
You can set up as many of the four features as you want or just choose to use one of them. Chase Blueprint’s flexibility is part of the program’s appeal.
The Blueprint card payment due each month will show up on your statement. You’ll see the amount at a glance; your statement will also show your minimum due. Your statement will also feature a summary of your Blueprint-related activities, your payment progress, and other details to help you see how the plan is affecting your balance.
In the event you want to change or cancel your Blueprint plans, you don’t have to worry about penalties or fees. Just contact customer service or visit the Chase website to make the changes. However, you’ll still be liable for the minimum payment due on your account that month.
Whether you’re interested in paying less interest, paying down large purchases, or you just want more oversight on where your money goes, Chase Blueprint has tools to help.
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