A Blueprint for Your Budget

Chase's new credit-card tool can actually help you save money.

JPMorgan Chase wants to tap into the new frugality with a set of tools designed to help consumers pay down debt the smart way. The Blueprint feature, available on four Chase cards, includes four tools:

Full Pay lets you specify which of 13 spending categories, including groceries, gas, dining and entertainment, you want to pay in full each month (you can cap the total amount). Chase separates those purchases from the rest of your spending, and you pay no interest on them even though you carry a balance. If you were to charge $1,000 each month for a year and designate $500 each month to Full Pay, you'd save $408, according to Chase.

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Senior Reporter, Kiplinger's Personal Finance