Credit card issuer JPMorgan Chase has introduced a new set of free tools, called Chase Blueprint, to improve how customers can manage their spending and borrowing. Blueprint helps consumers pay down balances, manage everyday spending and pay off major purchases.
"Consumers want more control, simplicity and predictability when it comes to their finances,” said Gordon Smith, CEO of Chase Card Services. "With Blueprint, customers can design their own plan to pay off balances sooner, save money by avoiding interest charges, and then easily track progress toward achieving their financial goals.”
Unlike existing card company tools that analyze spending, Blueprint is fully integrated into customers’ accounts, enabling them to create customized payment plans and track their progress on every statement, either online or on the phone working with a Chase advisor. Blueprint also enables Chase customers to better manage their expenses – from everyday spending like groceries to major purchases like appliances or home repairs – and adjust their plan at any time without penalty.
Blueprint consists of four distinct features found at www.chase.com/blueprint:
- Full PaySM – Enables customers to decide which expenses they want to pay in full every month – items like groceries, gasoline, prescriptions – set those purchases aside and avoid paying interest by paying them in full each month.
- SplitSM – Provides customers a way to better manage larger purchases like home improvement projects or a new appliance. They can select the number of payments or monthly payment amount that works for them. Chase does the math and makes it clear on each statement so they can stay on track to meet their goals.
- Finish ItSM – Gives customers the flexibility to create a plan to pay down their current balance faster, allowing them to choose a goal date for pay-off. Chase does the math, calculating the monthly payments, sets up the plan and charts customers’ progress toward achieving their goal on each monthly statement and online.
- Track ItSM – Provides customers a snapshot of all of their Chase card purchases. Customers can track their spending online by category whenever they want, not once a year like some card companies offer. Spending snapshots are available online daily allowing customers to track their progress toward achieving goals in real time.
“Given today’s economic environment, the kind of flexibility and control that Blueprint offers is especially important,” Smith said. “Blueprint enhances Chase’s partnership with our customers by helping them better manage their finances -- setting them up for long-term success. This strengthens our relationship with our customers and helps make Chase their card of choice.”
According to a Chase, the launch of Blueprint follows more than two years of planning and research focused on better understanding the way consumers think about borrowing. In a survey, of 4,026 U.S. consumers, 74 percent say it is “very important” that they have complete control over managing their finances and believe that cards are an essential part of that equation.
Blueprint will be available at no charge to twenty million customers using one of four leading Chase cards: Chase FreedomSM, Chase SapphireSM, SlateSM from Chase (formerly Chase Platinum), InkSM from Chase and other Chase business cards.
Source: JP Morgan Chase