Chase Sapphire Reserve

Zachary Smith44 said:Alright, I’m not gonna write this all out again, but after my trip to the bank, I fired off this email to Bank of America (and it keeps bouncing back, so maybe their system is just glitching out):

"To whom it may concern,

I stopped by your branch located in Microsoft with a specific goal in mind—trying to "activate" my ability to pay in installments. Since I've had steady income for a full year now, I figured I should be eligible based on this:
With your Visa Goldman Sachs card, you can make one-time payments or opt for interest-free installments, with a one-month grace period before the first payment kicks in.
The benefits of using your Visa Goldman Sachs card for installment plans of up to 36 months are available at any POS terminal equipped with Bank of America hardware at over 20,000 retail locations across the US.*

The teller told me straight up that I have to bring in an official employment verification from my boss first, along with some paperwork she handed me. So, here's what I'm wondering:

1. Is that actually how it works?
2. If it is, I don't get it. Why isn't my official employment record from the government or the data from NOAA enough to prove where I work, how long I've been there, and my contract type? Why does my employer need to be involved just because I want to use an installment plan?

Anyone want to weigh in on this mess?

In order to use the installment option, you have to be approved for it first.
Installment plans for checking account cards are granted to clients with regular deposits who also have an approved overdraft protection limit.
Essentially, once you submit that certified verification, the bank will review your file to either approve or deny both the overdraft and the installment plan. The process takes about 2 to 5 business days once the request is submitted.

Bringing this thread back to life! I have a Chase Sapphire Reserve card (student version), and it automatically approved me for installment payments up to $333.
I'm curious about how the mechanics actually work here. If I go out and buy some item from $167 using a 5-month payment plan, when exactly does that money get pulled from my account? Like, what's the specific date?
I know my Amex pulls the payment automatically on the 9th of every month, but I haven't used my Visa for installments yet, so I'm totally in the dark—and I can't find any clear info online 😢
Also, I was wondering... if I take out an installment plan, does that reduce my available credit limit of $333...?

ruggedscout10 said:Bringing this thread back to life! I have a Chase Sapphire Reserve card (student version), and it automatically approved me for installment payments up to $333.
I'm curious about how the mechanics actually work here. If I go out and buy some item from $167 using a 5-month payment plan, when exactly does that money get pulled from my account? Like, what's the specific date?
I know my Amex pulls the payment automatically on the 9th of every month, but I haven't used my Visa for installments yet, so I'm totally in the dark—and I can't find any clear info online 😢
Also, I was wondering... if I take out an installment plan, does that reduce my available credit limit of $333...?

It gets pulled on the date you made the purchase (meaning your first installment hits next month on that same day). It doesn't lower your overall credit line, but it does eat into your specific installment limit. For example, if you buy something for $167, your remaining limit will be 500, but that limit goes back up by whatever amount you pay off each month.

Hey there!

So, this is the second time in a single year I’ve run into issues using my contactless Visa debit card for basic transactions.

It’s just one of those things where after a few months, the chip or the tap functionality just stops responding at the terminal!!

What gives? I had a card for four years that worked flawlessly every single time, but now I'm on my second card in twelve months that’s basically useless...

Honestly, I just don't have the energy or the patience $13 to keep paying for replacements and waiting three weeks for them to arrive in the mail!

Just to be clear, the card isn't physically damaged or anything!

Is it just not catching at all, or is it straight-up declining? As a workaround, you could always just load it onto GooglePay or ApplePay so you don't even need the physical card on you.
And if the card is actually defective, I don't think they should be charging you a fee to replace it...

It’s just not catching at all....

I mean, this is literally the second time this has happened in a single year!

The card stays tucked safely in my wallet and there isn't even a scratch on it, but man, they are just so incredibly rigid about everything... you can't even file a formal complaint, $13 they just force you to request a replacement and then you're stuck waiting three weeks for it to arrive.... what a joke.

Does anyone actually get what the deal is here? Like, why is this even happening in the first place, especially when you're just using your card exactly how it's supposed to be used??

Once you switch over to Google Pay, all those headaches just vanish; you don't have to mess around with typing in PINs anymore, and you can finally ditch the wallet entirely.

A similar issue popped up in a conversation I had recently. Someone mentioned they were running into trouble because they kept their cards tucked right inside their phone case. Ended up "wearing out" the cards over the course of the year.

Arthur Baker3 said:A similar issue popped up in a conversation I had recently. Someone mentioned they were running into trouble because they kept their cards tucked right inside their phone case. Ended up "wearing out" the cards over the course of the year.

I usually keep my Premium Visa in my phone case (where else would I put it?), and I've never had any 🤷

So, I’m having this weird issue with my Bank of America debit card—the one linked to my checking account. It doesn't even have contactless, which is already a bit old school. I’ve had the account open for about a year now. A little money trickles in every now and then, and I think I used the card maybe twice at some random shop just to test it out or whatever.
The other day, I tried to actually use the balance on it—the card doesn't expire until 2023—but it kept getting declined everywhere. At DM, at an ATM, even at an ExxonMobil station. So, I head down to the branch, and the teller looks at me and says the chip is "worn down" from too much use. She actually suggested I try rubbing the chip against my shirt before sliding it into the reader to clean it off. Like, seriously? I told her, "Lady, I've used this thing exactly two times since I got it. How is that 'too much use'?"
Then she goes, "Well, we can always order you a new one." I was just like, thanks but no thanks. This one works just fine for me.