Comments on: An Inside Look at Blueprint: Full Pay http://masteryourcard.com/blog/2009/09/17/an-inside-look-at-blueprint-full-pay/ The best Credit Card Debt Blog online Wed, 17 Mar 2010 10:38:55 -0400 http://wordpress.org/?v=abc hourly 1 By: Credit Card Review: Changes for Chase Freedom | Master Your Card http://masteryourcard.com/blog/2009/09/17/an-inside-look-at-blueprint-full-pay/comment-page-1/#comment-51791 Credit Card Review: Changes for Chase Freedom | Master Your Card Mon, 26 Oct 2009 12:31:41 +0000 http://masteryourcard.com/blog/?p=1654#comment-51791 [...] self awareness thing than an interest break, but it’s kind of neat nonetheless. Check out our inside look at Chase BluePrint for more [...] [...] self awareness thing than an interest break, but it’s kind of neat nonetheless. Check out our inside look at Chase BluePrint for more [...]

]]> By: john http://masteryourcard.com/blog/2009/09/17/an-inside-look-at-blueprint-full-pay/comment-page-1/#comment-51462 john Wed, 21 Oct 2009 16:14:52 +0000 http://masteryourcard.com/blog/?p=1654#comment-51462 The possible catch to the program is this. In general, charges begin accruing interest from the date of purchase (assuming you had a balance at the beginning of the billing cycle). If you pay the full blue print payment, you will avoid paying interest on the full pay items. HOWEVER, if you do not pay the full blue print balance, there it no "fee" or "penalty" (as in you're credit won't be harmed), but you will be charged interest from the first day of the billing cycle on those charges, instead of from the date of purchase. This results in a slightly higher interest payment if you fail to pay the full pay payment.. One last thought.. The motivation might seem to be this extra interest mentioned above, but could also include an incentive for card holders to <em>"only pay"</em> the full pay balance, rather than paying more.. This means that balances that are accruing interest are left untouched (except for the very small amount of the minimum payment that's applied to them). I get this impression because it seems the cards where blue print is offered is on the "platinum" and the more premium cards (where the card holders are more likely to pay far more than the minimum payment anyway). All that said, if you do use it, and you do pay the whole blueprint payment, it can work in your favor. I suggest paying the additional on top of the blueprint payment to pay down the rest of the balance that's accruing interest as well. John The possible catch to the program is this. In general, charges begin accruing interest from the date of purchase (assuming you had a balance at the beginning of the billing cycle). If you pay the full blue print payment, you will avoid paying interest on the full pay items. HOWEVER, if you do not pay the full blue print balance, there it no “fee” or “penalty” (as in you’re credit won’t be harmed), but you will be charged interest from the first day of the billing cycle on those charges, instead of from the date of purchase. This results in a slightly higher interest payment if you fail to pay the full pay payment..

One last thought.. The motivation might seem to be this extra interest mentioned above, but could also include an incentive for card holders to “only pay” the full pay balance, rather than paying more.. This means that balances that are accruing interest are left untouched (except for the very small amount of the minimum payment that’s applied to them). I get this impression because it seems the cards where blue print is offered is on the “platinum” and the more premium cards (where the card holders are more likely to pay far more than the minimum payment anyway).

All that said, if you do use it, and you do pay the whole blueprint payment, it can work in your favor. I suggest paying the additional on top of the blueprint payment to pay down the rest of the balance that’s accruing interest as well.

John

]]> By: Rojas http://masteryourcard.com/blog/2009/09/17/an-inside-look-at-blueprint-full-pay/comment-page-1/#comment-50897 Rojas Sun, 11 Oct 2009 12:18:54 +0000 http://masteryourcard.com/blog/?p=1654#comment-50897 BluePrint works best if the credit card you have has a zero balance But if you owe a lot on the card,using blue print will only double your minimum payment. Don't forget you have to make the minimum payment and then bluePrint payment as well. BluePrint works best if the credit card you have has a zero balance
But if you owe a lot on the card,using blue print will only double your minimum payment.
Don’t forget you have to make the minimum payment and then bluePrint payment as well.

]]> By: Credit Card Review: Chase Freedom | Master Your Card http://masteryourcard.com/blog/2009/09/17/an-inside-look-at-blueprint-full-pay/comment-page-1/#comment-50474 Credit Card Review: Chase Freedom | Master Your Card Thu, 01 Oct 2009 20:40:31 +0000 http://masteryourcard.com/blog/?p=1654#comment-50474 [...] self awareness thing than an interest break, but it’s kind of neat nonetheless. Check out our inside look at Chase BluePrint for more [...] [...] self awareness thing than an interest break, but it’s kind of neat nonetheless. Check out our inside look at Chase BluePrint for more [...]

]]> By: Trick or Treat?: Bank of America Rolls out Basic Visa Just in Time for Halloween | Master Your Card http://masteryourcard.com/blog/2009/09/17/an-inside-look-at-blueprint-full-pay/comment-page-1/#comment-49751 Trick or Treat?: Bank of America Rolls out Basic Visa Just in Time for Halloween | Master Your Card Mon, 21 Sep 2009 14:07:33 +0000 http://masteryourcard.com/blog/?p=1654#comment-49751 [...] Chase is taking the “Let’s make a plan to get better” approach with its all new Blueprint, Bank of America is making a resolution to be more straightforward with its new Basic Visa card. [...] [...] Chase is taking the “Let’s make a plan to get better” approach with its all new Blueprint, Bank of America is making a resolution to be more straightforward with its new Basic Visa card. [...]

]]> By: An Inside Look at Blueprint: Split, Finish and Track It | Master Your Card http://masteryourcard.com/blog/2009/09/17/an-inside-look-at-blueprint-full-pay/comment-page-1/#comment-49577 An Inside Look at Blueprint: Split, Finish and Track It | Master Your Card Fri, 18 Sep 2009 11:56:35 +0000 http://masteryourcard.com/blog/?p=1654#comment-49577 [...] Track It Submitted by Jack on September 18, 2009 – 5:55 amNo Comment As we mentioned earlier, Chase has rolled out some new financial tools to help you track your finances and conquer your [...] [...] Track It Submitted by Jack on September 18, 2009 – 5:55 amNo Comment As we mentioned earlier, Chase has rolled out some new financial tools to help you track your finances and conquer your [...]

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