Chase Student Starter Pack

Does anyone happen to know how this works??
Basically, I’m looking to pick up a new computer for $2333 using a 24-month installment plan. Is that actually doable through an American Express Gold Card.........

I don't think you can pull that off with a 24-hour window, though I suppose there might be a way through
they say it works, but if I recall correctly, the card itself is only valid for a year
look, just take this number and give them a ring to double-check everything... 1-800-365-365
oh, and let me know what they say so we aren't left guessing next time

Your card is good for three years. You can easily pick up a computer on 24 monthly installments $2333, provided the store actually offers that kind of financing. But there’s a catch. 😬 First, ask the shop if they handle installment plans through their credit card terminal. Some places let you use an American Express Gold Card for installments without any hassle, while others won't touch it. Bottom line: check with the store first to see if they allow installments on that specific card. It's entirely up to the retailer, not the card issuer.

The monthly payment cannot exceed $667..
I was actually trying to pick up a new computer myself, but the transaction got declined because the monthly card limit is capped at $667, and you also need to have the full amount sitting in your bank account... it feels somewhat counterintuitive and unnecessarily restrictive...

->
Dear Mr. ******,

thank you for reaching out to us.

The American Express Gold Card designed for students does not support the processing of consumer installment loans.

This card is intended primarily for cashless transactions. Your maximum monthly spending limit per card is $0.67.

While this specific card does offer an option for installment payments through interest-free plans, please note that the total available credit is $667. For any purchase made via installments, you must possess sufficient available funds to cover the total cost of the product or service.

Sincerely,

Miro Dragičević
Customer Relations Department
Chase customer service department

Chase
Washington, D.C.

Does anyone happen to know what the maximum limit is for getting something on an American Express? I heard somewhere it might be up to 2 $0.00, but I really wanted to double-check before I commit. Thanks!
Also, does anyone actually have that specific package? I'd love to hear if you're happy with it or if it's worth it...

I think you should get in touch with the Chase card Help desk at:
120 Broadway, New York, NY
Tel.: 212-259-1000
Fax: 212-555-0199
support@chase.com

I actually have that specific package myself. It’s nothing groundbreaking, but honestly, when you’re still a student, having the option to split payments into installments is always a lifesaver. For me, it works out quite well for handling smaller bills or setting up my automatic payments.

The maximum monthly limit is $667. If you decide to go with the installment plan, the total credit limit remains $667. Chase will also set you up with a checking account (if you don't already have one) that includes an overdraft protection limit of $333.
Just make sure you bring your student ID and some official proof that you're currently in your second year of college.

My biggest gripe, though, is that the card isn't embossed—you can't really "swipe" it in the old-school way. Early on, I actually ran into a bit of a clumsy moment where I asked if they took American Express, they said yes, and then we realized my American Express could only be processed through the POS terminal... It was a little awkward. Also, every once in a while, they’ll freeze my card for a couple of days claiming they "haven't seen the payment yet," even though the funds were pulled from my checking account two days prior. Their standard response is always: "It hasn't cleared our system yet; please try again later this afternoon or tomorrow."

And how would you even handle the payment if it actually happens? Would they mail a bill to your house, or does it work like an American Express debit card where they just automatically pull it from your checking account?

The monthly maintenance fees usually hit my checking account right around the 10th of the month.

Elizabeth Thomas22 said:The monthly payment cannot exceed $667..
I was actually trying to pick up a new computer myself, but the transaction got declined because the monthly card limit is capped at $667, and you also need to have the full amount sitting in your bank account... it feels somewhat counterintuitive and unnecessarily restrictive...

->
Dear Mr. ******,

thank you for reaching out to us.

The American Express Gold Card designed for students does not support the processing of consumer installment loans.

This card is intended primarily for cashless transactions. Your maximum monthly spending limit per card is $0.67.

While this specific card does offer an option for installment payments through interest-free plans, please note that the total available credit is $667. For any purchase made via installments, you must possess sufficient available funds to cover the total cost of the product or service.

Sincerely,

Miro Dragičević
Customer Relations Department
Chase customer service department

Chase
Washington, D.C.

So, what’s even the point of this card versus just using a standard Visa debit card from your checking account?😂 It's basically the exact same thing.

You don't actually need to have the full cash amount sitting in your bank account like Keith Kim43 seems to think; what really matters is having enough available credit within your limit $667. To put it simply, you can't go out and buy something that exceeds those $667 because you just won't have the remaining credit capacity to cover it—and I'm talking about the total purchase price here, not just some monthly installment
.

Your monthly limit is $667, and you can also dip into your checking account for an extra $333 if you need it. It’s basically designed for student life. You can even snag a laptop on an installment plan if the store uses those newer card terminals—not the old-school ones where they just swipe and pray—because the USA student card doesn't have all those digits clearly printed on it. Plus, you can grab loans for daily spending or to cover tuition costs. Just head over to their website and check it out for yourself. Honestly, it’s worth having since it won't cost you a dime 🙂

@George Barrett35
Well, my apologies then—it seems I was given some rather misleading information!

@brisktinker17
That just isn't my style. I'm already well past that stage of life. 😁 Besides, even if I were still a college student, I wouldn't touch it—you can't exactly use it for international transactions outside the US, and from what I can see, there's no chip—it relies on a signature instead (and honestly, my paranoia is acting up a bit 🙂).

So, I was just wondering, like, would there be any interest charges or anything if I were to, say, "borrow" $0.00 from my overdraft limit $200 for maybe a couple of months?

It’ll run somewhere between 12.98% and 13.98% APR, depending on things.
They charge it monthly.

So, I guess it makes more sense to just put it on an American Express card and then pay off the set amount toward the balance instead of dipping into my overdraft, right? Maybe that's the smarter move...

Thanks!

Yeah, because there's no fee on an American Express. Of course, that's assuming the merchant actually accepts it. 🙂

I'm just a freshman, so I don't have an account linked to my American Express student card yet, but... Chase wiped out $4.00 in just 24 hours and I have absolutely no clue why. What a joke!

I guess I’m in the exact same boat, except nothing seems to be biting on my end... Did you actually ask them at the teller window to clone your Index, or did they just hand you some standard checking account info?

rustydriver23 said:I guess I’m in the exact same boat, except nothing seems to be biting on my end... Did you actually ask them at the teller window to clone your Index, or did they just hand you some standard checking account info?

Well, when I first opened the account, they just gave me the package without an Index card since I hadn't received one from my university yet (stupid school). So, I brought it in later to get it copied, and I was honestly shocked by how much they hit me with in fees... and now I'm stuck until Saturday, since they're closed on Fridays.