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The Blueprint Card from Chase

Choosing Credit Card

Can a credit card company really make your life easier? Well, Chase hopes to.

The Blueprint card from Chase features an all new set of credit card tools that are designed to help us all manage our money and make our lives easier.

A Different Approach

Although there are a slew of credit card companies that have taken to cutting credit limits and raising interest rates this past year, the Blueprint card is taking a bit of a different approach; attracting customers by helping them manage the often-demonized credit card.

And if there’s one thing that credit card customers need during this tough, economic time is relief and assistance.

Budget-Friendly Features

The Blueprint card offers a myriad of neat features that are designed to help customers stay on track and stay on budget. If you’re like most people, you simply can’t believe that a credit card company may actually help you manage our debt, instead of help you get into it. But the Blueprint card actually accomplishes this – and more!

The Blueprint card helps customers understand how they are spending their money and where they are spending it. It also provides a tool that helps them calculate various payment options, thereby giving them a clear picture of how long it will take them to pay off their balance at their current monthly payment.

In other words, it can provide you with a snapshot, of sorts, so that that you can also see how much you will be paying in finance charges, over time, on the balance of your card. Often times, it is this eye-opener that encourages people to see just how much their purchases are costing them.

Full Pay Option

A valuable feature of the Blueprint card is the “Full Pay,” which allows you to pick a category – anywhere from grocery stores and gas stations to restaurants and retail stores – and then save. The Blueprint card then divides and separates your expenses into their proper categories; any expenses that fall under your chosen category are exempt from interest charges, even if you fail to pay our balance in full each month.

Credit Cards now Encourage Responsible Spending

News

It seems rather ironic, doesn’t it? Credit cards, after years of encouraging credit card spending – often irresponsibly – are now encouraging more responsible behavior and helping consumers better manage their debt.

Case in point: JCPMorgan Chase recently unveiled a new credit card, called Blueprint, which is designed to help customers handle their debt.  This card enables customers to better manage and track their purchases, and helps them pay off their debt by making the process a bit more practical and manageable.

Features of Chase’s Blueprint

One of the key features of the Blueprint credit card includes the ability to avoid interest charges on everyday purchases, such as food and gas. Although consumers would continue to pay interest on other types of charges, everyday purchases would be exempt from interest charges for a certain period of time.

JPMorgan Chase’s Blueprint will also enable customers to design payment plans to assist them when paying down their debt, and will also allow them to better track their spending. Customers of the Blueprint card simply choose their everyday categories in advance to enjoy an interest-free grace period on certain purchases.

The new Blueprint card is available to more than 20 million Chase customers.

Other Credit Card Companies hit the Bandwagon

A number of other credit card companies have also released similar credit cards with features such as debt-management tools and online budgeting tools. Wells Fargo and Discover have both introduced cards like this.

American Express, meanwhile, is pushing its credit card terms to consumers – which includes paying the card in full every month – as the right card for these tough, economic times.

It’s no wonder that credit card companies have finally caught onto the serious credit card problems plaguing millions of consumers in the United States. With credit card defaults and delinquencies soaring, credit card companies must find ways to help consumers better manage their debt.

This new era of “transparent” credit cards is sure to help consumers who are finding it difficult to manage their debt and maintain a strong credit score.

Now, the question is, during this difficult period of time, are consumers willing to trust that credit card companies are there to help them and to not put them further into debt?

Only time will tell.