What's "Interest Saving Balance" on a Chase credit card?

L

Laura clark

New member
I noticed something new on my Chase credit card statement this month called the "interest saving balance." When I went to pay my total balance, I got a pop-up asking if I wanted to pay that instead, claiming it would help "prevent interest on new charges."

From what I can gather, it seems like Chase might be offering a way to avoid paying full credit card interest by treating part of the balance like a loan with a lower interest rate. But honestly, the explanation wasn’t super clear. Has anyone else seen this or used it? Is it worth considering, or should I just stick to paying my full balance as usual? I’d love to hear if anyone has insights on how this works. Thanks.
 
Stick to paying your full balance to avoid all interest if possible. The "interest saving balance" may help with larger balances, but check the terms to ensure it’s worth it.
 
If you can’t pay the full balance, focus on clearing the highest-interest charges first. Reach out to Chase for details on how payments are applied to your account.
 
Set up a budget to pay as much as you can toward the balance each month. If unsure about the new option, call Chase to clarify how it impacts your payments and charges.
 
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