Using my Chase Prime Visa, I purchased a 3K item and chose the Amazon option for 12 monthly payments at 0% interest. This option foregoes the 5% points from the purchase.
However, today when I looked at my statement online, Chase said my purchase was eligible for extended pay, and for that option they wanted to charge me monthly fee of $39.77 to get no interest on this purchase for 12 months.
I will pay the purchase off this month, but Buyer Beware, Chase is using misleading and deceptive practices with their No interest option through Amazon.
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JP Morgan Chase Bank, NA, doing business as Chase Bank, is a national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of the US multinational banking and financial services holding company...
