A Guide to Chase Pay Over Time® at checkout on Amazon
Quick insights
- Chase Pay Over Time® at checkout on Amazon is a way to divide eligible Amazon purchases made with your Chase credit card into payments that fit your budget.
- An eligible Chase card must be in your Amazon Wallet, and the total of eligible items in your Amazon cart must be at least $50.
- Once your plan is set up, your purchase amount will include a fixed annual percentage rate (APR) that will remain the same until the purchase amount is paid in full.
Some companies offer “pay in 4” plans and buy now, pay later options for online shoppers.
Allow us to introduce Chase Pay Over Time® at checkout on Amazon—a way to break up eligible Amazon.com purchases into scheduled payments that fit your budget.
What is Chase Pay Over Time®?
Chase Pay Over Time® enables cardmembers break up eligible Chase credit card purchases into budget-friendly payments and pay them off over time. Chase Pay Over Time® may also be available for eligible cardmembers at checkout on Amazon.com. This feature offers a fixed APR and plan duration, which is usually provided in months.
Plan details like the amount of each payment may vary based on several factors, including the purchase amount and the plan duration you select. Once your plan is set up, your purchase amount will include a fixed APR that will typically remain the same for all payments.
How to use Chase Pay Over Time® at checkout on Amazon
You may be able to create a payment plan at checkout when shopping on Amazon.com or the Amazon mobile app.
Steps may include:
- Adding an eligible Chase card to your Amazon wallet
- Adding to your Amazon cart an eligible item(s) totaling at least $50
- Choosing “Financing offers available” during checkout
- Choosing your plan duration to pay for your purchase over time with a fixed APR that’s the same or lower than the card’s standard variable purchase APR
If the prime rate is changed by the Federal Reserve, it will not affect the fixed APR that applied to the Pay Over Time plan.
How payments work for Pay Over Time on Amazon
Once a Pay Over Time plan is confirmed, your payment toward it will be added to the minimum amount due on your credit card each month. If you pay at least your minimum payment when it’s due, you’ll typically pay off your plan balance on time. Or, you might choose to pay off the plan by paying your interest saving balance each month and avoid interest on new credit card purchases.
When paying your credit card bill, here’s how each option affects your Pay Over Time plan:
- Interest saving balance: If you normally pay your credit card balance in full to avoid interest, you may choose to pay the interest saving balance payment option. It will tell you exactly what to pay to avoid interest on new purchases and avoid paying off your Pay Over Time plan earlier than intended.
- Minimum payment: If you pay at least your minimum amount due, you’ll typically pay off your Chase Pay Over Time® plan on time. This is because the minimum amount due on your credit card bill each month will be updated to include each installment of a Pay Over Time plan.
- Current statement balance: When you pay this, you will pay off the Pay Over Time plan (and your credit card balance) at that time, which may be earlier than you intended when you set up the plan.
Benefits of using Chase Pay Over Time® on Amazon
With Chase Pay Over Time®, there’s typically no application or credit check needed. Plus, you may still earn rewards as you normally do on credit card purchases. Several payment plans are usually available when you use Chase Pay Over Time® on Amazon. With the options of different plans of equal payments, you may be able to find one that suits your budget.
Amazon purchases that are eligible for Chase Pay Over Time® on Amazon may also have different duration options. Whichever option you choose, splitting an Amazon purchase with Chase Pay Over Time® may offer you flexibility when you don’t want to pay off the full purchase at once.
Who can use Pay Over Time on Amazon?
Chase Pay Over Time® at checkout is rolling out in phases and is currently only available on Amazon.com for select Chase cardmembers. When eligible, you’ll see the “Chase Pay Over Time®” option during checkout on Amazon.com. Small business cards, Amazon cobrand cards and Chase Mastercards® are not eligible.
Amazon also designates the items eligible for a Chase Pay Over Time® on Amazon purchase. As a result, you may not see the Chase Pay Over Time® option during checkout. Current examples of ineligible orders include Amazon Fresh, Whole Foods and Amazon Prime Now, among others.
Keep in mind: Even though you may have an eligible card, access to Chase Pay Over Time® is not guaranteed. Your ability to create a Chase Pay Over Time® plan is based on a variety of factors, such as your creditworthiness, credit limit and account behavior, and may change from time to time.
