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Chase will redefine cash-like transactions this May. Cash-like transactions are treated as cash advances, which carry high fees and interest rates.

Card issuers are offering cheaper ways to access your credit line LM Otero/AP FILE - This file photo taken Tuesday, May 3, 2011 shows a Visa card in a wallet in Richardson, Texas. (AP Photo/LM Otero, File) By: Melissa Lambarena, Nerd Wallet Posted at 3:12 PM, Feb 10, 2021 and last updated 2021-02-11 07:59:05-05 Credit cards are a convenient way to pay for something, but historically they’ve lacked flexible or inexpensive ways to access your credit line beyond making purchases. Traditionally, one of the only other ways to tap your credit line for money has been a cash ad...

KXLY February 10, 2021 6:53 AM Melissa Lambarena Posted: Updated: Getty Images Credit cards are a convenient way to pay for something, but historically they’ve lacked flexible or inexpensive ways to access your credit line beyond making purchases. Traditionally, one of the only other ways to tap your credit line for money has been a cash advance, which usually comes with a sky-high interest rate and expensive fees. If your finances are already in poor shape, that kind of costly short-term loan can make matters worse. But lately, more convenient and affordable options are surfacing...

My Chase Plan is a tool created by Chase that can help you stick to your budget in 2021 by allowing cardholders to pay for large purchases over time.

The feature is built directly into cardmembers' accounts and makes purchases over $100 manageable by letting them pay for those purchases over time. Users can customize a payment plan that fits their lifestyle with no interest and with a fixed monthly fee. Here's how My Chase Plan can help you manage expenses: Fit large expenses easily into your budget For those who are accustomed to consistent monthly costs, a major expense can be challenging, especially in today's economic environment. Maybe it's an infrequent payment, like a home-improvement project or holiday spending. Or maybe it's an un...