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Update: The changes mentioned in the post below have now taken effect.
Chase has added language to many of its credit card statements announcing that it will no longer support third-party buy now, pay later platforms. Fortunately, Chase has given ample notice about the impending changes, so members who use these programs have ample time to adjust payment methods. In addition, the long heads-up gives members plenty of time to make future purchases on different payment plans.
Here's what Chase cardholders need to know about this policy change.
Chase to Decline Buy Now, Pay Later Purchases Later This Year
According to the language on the bottom of Chase credit card statements, the change will take effect on October 10, 2024. From that date on, Chase will decline any payments scheduled with third-party buy now, pay later platforms such as Klarna and AfterPay.
The three-month notice allows Chase cardholders ample time to select a different payment method to fund outstanding obligations.

The Solution: Chase Pay Over Time
You might find this policy change rather interesting, given that Chase provides cardholders with its own buy now, pay later scheme called Chase Pay Over Time. The option is open to eligible card members making any of the following transactions:
- Purchases of at least $100, excluding cash-like transactions, fees, and purchases made under a special finance program.
- Purchases of at least $50 made at amazon.com.
Using Chase Pay Over Time lets you break up your purchase into digestible chunks and, as the name implies, enables you to pay for it over a defined period.
Generally, these plans don't carry interest, and if you're eligible, you can initiate one without paying added fees. But whenever you're presented with any buy now, pay later option, crunching the numbers is always worthwhile to see if it makes sense financially.
Our Take
Chase's choice to eliminate third-party buy now, pay later schemes from its cards makes perfect sense from its point of view. The bank wants to drive customers to its own system and capture fee revenue.
Unless you are a major user of buy now, pay later programs, the news should have minimal impact on your spending habits. But it's helpful to know about in case you try to set up a payment plan with a third-party program and charge installments to your Chase credit card. Come October 10, your installment payment will automatically be declined.
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