JPMorgan Chase Go!Card help?

I picked up some stuff at a store that takes those zero-interest, no-fee credit cards, and now they’re hitting me with "standard interest" charges every three months. $67

It's all just a scam.👎

Wait, did you actually tell the cashier at Target that you wanted to set up a monthly payment plan?

Hell yeah I am

Look, she clearly messed something up somewhere along the line... honestly, just grab the receipt and head straight down to the local JP Morgan Chase branch so they can actually look into what went wrong...

I really need an urgent answer from someone who actually uses a GO card or at least understands how to fill out the application process.

So, I went into Bank of America yesterday, and they told me that because I only have savings in a CD, the only option they’ll give me is a GO card. I was actually looking for a standard Visa, but my banker said I could only get that if I had a steady paycheck coming in—which I don't, since I'm not working right now. It just doesn't make sense... why can't I just get a regular Mastercard at Bank of America when, say, at Wells Fargo, you can get a Visa Gold just by having some money in savings!

Honestly, those interest rates on the GO card scare me. I really don't want to deal with installment plans, because that 12% monthly interest is just... it's massive.

1. Can the GO card actually function like a regular Mastercard if I just check that one box on the application and specify that I want to pay everything off in one single installment?
Is that enough, or am I supposed to write it somewhere else too? If any of you have filled out the GO card application, where did you indicate that?

2. Also, I'm a bit confused by the section where you pick what percentage of your spending you want to pay back—somewhere between 5% and 95%?
I really want to select 100%, but they won't even let me choose that; the maximum is 95%! There are two little boxes where you have to enter a two-digit number, so even if I wanted to, I physically cannot write 100%!!!

I have brochures and applications here for revolving Mastercards from places like Citigroup, and with them, you actually *can* enter 100% in that field. But with this GO card from Bank of America, it’s just not an option.

So, I'm genuinely stuck. I was planning to head back to my banker today to submit the request, but now I'm second-guessing everything.

3. My main reason for needing a card is for traveling abroad. How am I supposed to explain to a merchant in another country that I don't want to pay in installments, but rather all at once?

4. Same thing applies if I go on a cruise. When I'm registering my GO card on the ship, how do I tell them I don't want my expenses billed in increments, but all at once? I mean, I know that on those ships, they usually don't even ask how you want to pay—they just swipe the card and they don't care about the rest, right?

5. Is it even worth getting this GO card if I have zero intention of using the revolving credit they automatically approve with it?

6. What has your experience been like with the GO card, and how do you typically use it?

3. It’s got nothing to do with where you shop. You don't even need to explain anything to them since they just bill you for the full amount anyway.
5. Nope.

I don't have a line of credit, just an American Express revolving card, but in my experience, these revolving cards are full of bad intentions. They’re basically just waiting for any excuse to trigger a high-interest revolving loan.
I always pay off the full balance. The first time I did this, I actually asked why my statement looked the way it did. Everything was fine for a bit, until three months later when they suddenly activated a revolving credit line on me. I spent half an hour on the phone with customer service—because honestly, they couldn't even explain what the issue was themselves—only for them to tell me that ATM withdrawals aren't included in that balance and get billed separately. 😠
Same thing happened recently; even the annual fee doesn't count toward the balance being calculated. 😠

There isn't even a single "total balance due" listed on the statement!😲😲😲

I'm not sure why you can't do that at Bank of America. I had the exact setup you're looking for, though it wasn't a CD, just a standard client account. 🤷

Neno, thanks so much.

I’m really not a fan of that revolving Visa debit card either, especially after reading the terms on the landing page—it almost feels like they're forcing you into taking their revolving credit. I think I might actually go with the American Express Gold Card linked to a CD at Hypo banka instead. I’ll probably put $6667 into a term deposit there, and since the card limit would be based on that amount, it should be about $3333, which I guess will be enough for now. I considered just getting a standard Mastercard credit card from JPMorgan Chase, but for some reason, they won't approve me. I'll look into a few more things and hopefully decide by next week. I'm done with Bank of America, though; they turned me down just two days ago and told me I couldn't get any kind of card, so honestly, I'm boycotting them at this point. Both Goldman Sachs and Raiffeisen banka offered me nothing but those revolving Visa or Mastercard credit cards, so it seems like Hypo banka is actually my best bet.

I’ve been using my Chase credit card for about a year now, and honestly, I’m pretty happy with how it works for me. My limit is sitting around $2333, but since I’m actually decent at keeping my spending in check 😁, this kind of setup really fits my lifestyle. My income isn't exactly steady—some months are great, others are a bit leaner—so whenever I have a high-earning month, I make it a point to immediately set aside some cash to pay down a chunk of the balance. It’s a nice safety net, too; if I have a slower month, I know I can lean on the revolving credit to bridge the gap. I’m more than satisfied with it! (Though, if you're someone who struggles with impulse control and already has a steady paycheck, I probably wouldn't recommend 🙂.

ice cream girl

My income isn't exactly steady right now, but I guess I know how to manage my budget. Still, I didn't go for that GO! card they were pushing at Bank of America since it was the only option they offered, and it's the only one that can be linked directly to my savings account.

Instead, I went with a Visa Gold charge card from Wells Fargo that’s tied to my savings. They aren't charging me any application or annual fees for the first year. After that, I'll be looking at a yearly fee of $117, whereas that GO! card would have cost me $67. Honestly, I think this Gold card is probably the better deal for me because it includes insurance coverage here in the States and health insurance when I'm traveling abroad. Plus, if I ever lose it, they have this quick service where they get a replacement Gold card out to you even while you're overseas. I really didn't want a revolving credit card, though—I read some stories on this forum about people getting hit with unexpected interest charges, even at places that claim to offer zero-interest installment plans. My limit is going to be $3333. Now, I'm just waiting about two weeks for the card to actually arrive.

So, I’ve been scrolling through these five pages and I can't find an answer—maybe I'm just blind, who knows 😁—but does this GO Card have some kind of minimum spend requirement to actually work? You know, like how people say you need to spend at least $333 before you can even touch your Mastercard.

I've got a $1667 overdraft limit, and I've got three things I need to pick up. Two of them are from $200 and $233, so I'm wondering if the transaction will actually clear.

One more thing, though... how do you actually activate the card? Do I have to trek down to a Bank of America branch or something?

mistyjackal842 said:I really need an urgent answer from someone who actually uses a GO card or at least understands how to fill out the application process.

So, I went into Bank of America yesterday, and they told me that because I only have savings in a CD, the only option they’ll give me is a GO card. I was actually looking for a standard Visa, but my banker said I could only get that if I had a steady paycheck coming in—which I don't, since I'm not working right now. It just doesn't make sense... why can't I just get a regular Mastercard at Bank of America when, say, at Wells Fargo, you can get a Visa Gold just by having some money in savings!

Honestly, those interest rates on the GO card scare me. I really don't want to deal with installment plans, because that 12% monthly interest is just... it's massive.

1. Can the GO card actually function like a regular Mastercard if I just check that one box on the application and specify that I want to pay everything off in one single installment?
Is that enough, or am I supposed to write it somewhere else too? If any of you have filled out the GO card application, where did you indicate that?

2. Also, I'm a bit confused by the section where you pick what percentage of your spending you want to pay back—somewhere between 5% and 95%?
I really want to select 100%, but they won't even let me choose that; the maximum is 95%! There are two little boxes where you have to enter a two-digit number, so even if I wanted to, I physically cannot write 100%!!!

I have brochures and applications here for revolving Mastercards from places like Citigroup, and with them, you actually *can* enter 100% in that field. But with this GO card from Bank of America, it’s just not an option.

So, I'm genuinely stuck. I was planning to head back to my banker today to submit the request, but now I'm second-guessing everything.

3. My main reason for needing a card is for traveling abroad. How am I supposed to explain to a merchant in another country that I don't want to pay in installments, but rather all at once?

4. Same thing applies if I go on a cruise. When I'm registering my GO card on the ship, how do I tell them I don't want my expenses billed in increments, but all at once? I mean, I know that on those ships, they usually don't even ask how you want to pay—they just swipe the card and they don't care about the rest, right?

5. Is it even worth getting this GO card if I have zero intention of using the revolving credit they automatically approve with it?

6. What has your experience been like with the GO card, and how do you typically use it?

The card basically works two ways. You can use it like a standard Mastercard by paying off the full balance ten days before the billing date. If you don't, the balance just gets split into installments—you pick the percentage or the terms yourself. Personally, I think it's a solid tool. It gives you enough flexibility to play it however you want.🙂

I’m just not seeing the light at the end of the tunnel with this prepaid card situation. Got another question. Honestly, maybe someone already touched on this, but I’ve been getting so worked up trying to get this damn forum to actually load—sometimes it feels like it takes an eternity just to see a single page—so I'm just gonna throw it out there and see what happens...
I pulled $10 $0.00 off my card using an ATM (set over 24 months). If I remember right, I got hit with a fee for using the ATM $117, and then I should be paying $139 every month (roughly 10000/24=416.67). So far, everything seems straightforward enough.
But the interest rates are tripping me up. They say it's 12%. My logic was that by paying back those $10 $0.00 I withdrew, I'd end up paying an extra $400 (which is 12% of the $10 $0.00), meaning I'd be looking at $17 per month. So far, I've only seen one charge for those $17 on October 1st. Am I totally missing something here? Is it possible they calculate that 12% interest every three months based only on the remaining balance? Because if that's how they do it, I wouldn't be paying $400 but way less (like, theoretically, a max of $133 once the principal stops shrinking: 8 billing periods in the second year at $17).
I really hope that's the case, but man, I'm skeptical...

I haven't had a chance to catch up on every single post in this thread yet, so I have a quick question: I opted for the 12 equal monthly installments on my Visa Gold. If I decide to make a cash withdrawal for a specific amount, will I be charged interest on that total, or am I just looking at a one-time transaction fee?

If I withdraw $1667, what is the actual cost? Am I just looking at 12 equal payments plus a small service fee, or does interest kick in on top of that too?

Thanks in advance! Best regards,

I have an approved credit limit on my Chase card $1667 but I'm looking to refresh my home decor and need more than what's available, maybe around $5000. If I make the purchase, will it process normally through the card using an installment plan?😕

won’t

I don't even know where to start with this mess. Honestly, I’m sitting here staring at my screen, just absolutely fuming. You see these things happen, and you think, "Surely, it can't get any more ridiculous," and then—BAM—reality hits you right in the face. It’s unbelievable. It’s frankly insulting. I was looking through the recent discussions, and I saw what was being said. It’s like nobody actually stops to think about the practical implications of these decisions. They just throw things out there without a second thought, and then we're all left picking up the pieces. It’s maddening! I remember back when I was working in Chicago, dealing with some massive corporate restructuring at a firm similar to JPMorgan Chase, and even *that* chaos had more logic than what we're seeing here. At least back then, people seemed to have a shred of common sense. Now? It feels like we're just spinning our wheels in the mud. And don't even get me started on the way certain people are being handled. It's a joke. A complete and total joke. You try to make a point, you try to bring some actual substance to the table, and you just get shut down or ignored. It makes you want to just throw your hands up and walk away. But I won't. I can't. Because if someone isn't going to stand up and call out this nonsense, then who will? It’s frustrating, it’s exhausting, and quite frankly, it’s beneath us. We deserve better than this constant cycle of incompetence. It's enough to drive a person insane.

Morgan Anderson said:I haven't had a chance to catch up on every single post in this thread yet, so I have a quick question: I opted for the 12 equal monthly installments on my Visa Gold. If I decide to make a cash withdrawal for a specific amount, will I be charged interest on that total, or am I just looking at a one-time transaction fee?

If I withdraw $1667, what is the actual cost? Am I just looking at 12 equal payments plus a small service fee, or does interest kick in on top of that too?

Thanks in advance! Best regards,

From what I understand about how these things work, you aren't just getting a free pass. You’re going to be shelling out that $5,000 over the next 12 months—meaning they'll hit your account with those fees immediately—and then, to make matters even worse, you still have to deal with the interest on top of everything else. It's a total headache.

Kimberly Nguyen said:I don't even know where to start with this mess. Honestly, I’m sitting here staring at my screen, just absolutely fuming. You see these things happen, and you think, "Surely, it can't get any more ridiculous," and then—BAM—reality hits you right in the face. It’s unbelievable. It’s frankly insulting. I was looking through the recent discussions, and I saw what was being said. It’s like nobody actually stops to think about the practical implications of these decisions. They just throw things out there without a second thought, and then we're all left picking up the pieces. It’s maddening! I remember back when I was working in Chicago, dealing with some massive corporate restructuring at a firm similar to JPMorgan Chase, and even *that* chaos had more logic than what we're seeing here. At least back then, people seemed to have a shred of common sense. Now? It feels like we're just spinning our wheels in the mud. And don't even get me started on the way certain people are being handled. It's a joke. A complete and total joke. You try to make a point, you try to bring some actual substance to the table, and you just get shut down or ignored. It makes you want to just throw your hands up and walk away. But I won't. I can't. Because if someone isn't going to stand up and call out this nonsense, then who will? It’s frustrating, it’s exhausting, and quite frankly, it’s beneath us. We deserve better than this constant cycle of incompetence. It's enough to drive a person insane.

From what I understand about how these things work, you aren't just getting a free pass. You’re going to be shelling out that $5,000 over the next 12 months—meaning they'll hit your account with those fees immediately—and then, to make matters even worse, you still have to deal with the interest on top of everything else. It's a total headache.

Why wouldn't it go through? If I buy something worth $5000 say, on a 24-month installment plan, would that still fail?😕

It’s because they won't allow it... we're talking about a revolving credit card here. If this were a standard Mastercard, it would have cleared without a hitch as long as there was enough available credit left on the line.

Michael Brooks732 said:The card basically works two ways. You can use it like a standard Mastercard by paying off the full balance ten days before the billing date. If you don't, the balance just gets split into installments—you pick the percentage or the terms yourself. Personally, I think it's a solid tool. It gives you enough flexibility to play it however you want.🙂

So what’s the deal with that? If my bill is due on the 18th, but I pay off everything I spent by the 8th, does that mean it won't get dragged into those 36 monthly payments and I'll dodge the interest entirely? Like, I wouldn't even be using the revolving part?

Help me out people... I am totally lost when it comes to credit cards🤷
Man, I have so many questions... please, if anyone could walk me through this, I'd really appreciate it.
They just approved me for a $0.00 limit on this GO card, with 36-month installments...

1.So this is a revolving credit card, right? Everything I buy gets split into 36 installments, and so every month I just see 1/36th of that hitting my account for payment (I told them I wanted the due date to be the 18th)... am I getting that right or wrong?
2.Does whatever amount I spend automatically get split into 36 months... even if it's just $33? Or is there some kind of minimum I have to spend?
3.The interest rate is 12%, and they charge it every three months. So, if I spent $33, the interest is 12%—which is actually $4.00 annually—so every three months I'll be charged $1.00? Is that how it works?
4.Is it the same whether I'm buying stuff at a store or if I'm just withdrawing cash from an ATM ? Except for the ATM, I'll also get hit with a withdrawal fee, right? How much is that usually? Does the fee depend on how much I take out, or is it a flat rate per transaction? And does that withdrawal amount also get split into 36 installments plus interest?
5.Can I choose to pay for something in fewer than 36 months? Like, say 12 months, even though my agreement says 36?🤷 Do I need to tell the cashier at the register when I'm paying? Or how does that work?
6.What does it actually mean when a store offers "12 months interest-free" with the GO card? My understanding is that the retailer is essentially financing it—meaning the whole amount doesn't hit my card all at once, but instead, 1/12th of the price hits my balance each month for 12 months, and then *that* specific monthly amount gets split into 36 installments?
So, if I buy something for $4000, my card gets charged $333 every month, but because it's being spread over 36 months, my total monthly payments just keep climbing as more thousand-dollar purchases hit the bill?
Does any of that make sense?
7.I have a dynamic rewards program so I don't pay a monthly membership fee. Does that mean the card costs me $0.00 if I don't even use it?

*One more thing unrelated to the GO card. Can I use my regular debit card from JPMorgan Chase to do a delayed payment, where the entire amount I spent just gets billed to my checking account next month? Is that something I have to activate, or do I just tell the cashier at the store when I'm checking out?

I don't have a credit card myself, but I think I understand how these limits work. If your limit is $3333, you can't buy anything more expensive than that amount—it doesn't matter if you're planning to use a line of credit, an interest-free installment plan, or if you intend to pay the whole thing off the second the bill arrives. So, you couldn't buy something for $12,000 even if it was an interest-free 12-month plan where you just planned to pay $333 each month. The most expensive item you could grab at once would have to be no more than $3333, and after that, you're tapped out because you've hit your limit. If you pay off one installment of $333 next month, maybe then you could buy something else, but only up to a maximum of $333, which is basically whatever space you've freed up from your previous purchase.