Understanding Chase Pay in 4 and Its Payment Process

Chase Pay in 4 is a payment option that allows you to split purchases into four interest-free payments over six weeks.

To use Chase Pay in 4, you must have a Chase credit card or a Chase debit card linked to your account.

You can use Chase Pay in 4 at participating merchants, both in-store and online, by selecting the payment option at checkout.

Not all transactions with your Chase credit card are eligible for the Pay Over Time feature. Eligible purchases have a "Pay Over Time" option next to the transaction amount in your account activity.

To determine if a purchase is eligible, check if it's over $100 and not a cash-like transaction, such as a cash advance. If it's a fee owed to Chase, like an annual membership fee, it's also not eligible.

Eligible purchases can be viewed on the Chase Pay Over Time dashboard after you create a plan.

So, you're wondering what qualifies as an eligible purchase? Simply put, eligible purchases made with your Chase credit card will have a "Pay Over Time" option next to the transaction amount in your account activity.

Not all transactions of $100 or more are eligible, however. Cash-like transactions, such as cash advances, are not eligible.

Any fees owed to Chase, including annual membership fees, also don't qualify. And if you made a purchase under a promotion, that's not eligible either.

Here's a quick rundown of what's not eligible:

You can also check the Chase Pay Over Time dashboard to see a list of your eligible purchases after creating a plan.

Some purchases are not eligible for rewards, including those made for cash back, gift cards, or other store credit.

Digital products like e-books, music, and software are also excluded.

Travel purchases, such as flights, hotels, and rental cars, are not eligible for rewards.

Gifts and gift certificates are also excluded from rewards.

Certain services, like insurance, financial services, and utility bills, are not eligible for rewards.

Online auction sites, like eBay, are excluded from rewards.

After you've selected your eligible purchases and plan terms, Chase will calculate fixed monthly payments for the duration of the plan, including the fixed monthly fee.

The Pay Over Time fee will be determined at the time each plan is created and will remain the same until the balance is paid in full.

This fee is based on the amount of each purchase transaction selected to create the plan.

You'll have the option to pay the balance in full and creditworthiness will also be a factor in determining the fee.

The fixed monthly payments will cover the balance and the fixed monthly fee, and you'll know exactly how much to pay each month.

The My Plan Fee is a small price to pay for the convenience of spreading out your payments over time. It's 1.72% of each eligible purchase selected to create a plan.

This fee is calculated each time a new plan is created, taking into account the purchase amount and repayment term. The exact dollar amount of the fee is determined at this time.

The good news is that the monthly installments will stay the same throughout your repayment period, so you can budget with confidence.

The payment process for Chase Pay in 4 is surprisingly straightforward. You can pay for your purchases with four equal payments due every two weeks, with the first payment due at the time of purchase.

Chase Pay in 4 doesn't charge any interest if you pay on time, and you can even make payments online or through the Chase mobile app.

The payment schedule is set up at the time of purchase, so you'll know exactly when your payments are due.