ExtendPay Plan Adjusted Balance Payment Guidance video transcript

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SPEAKER: This is Erica. Erica needed a new couch so she bought one and used U.S. Bank ExtendPay® to extend her couch payment over time for a small monthly fee. To make sure she doesn't pay off ExtendPay earlier than she planned and avoids paying interest on new purchases, she pays her Plan Adjusted Balance each month instead of her statement balance.
The difference? Erica's statement balance includes her monthly purchases and the entire price of her new couch, whereas her Plan Adjusted Balance includes her monthly purchases and her monthly ExtendPay payment.

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Cartoon hand holds a phone.

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As always, she can make a one-time payment or skip the hassle of remembering by setting up Autopay. Once her entire ExtendPay balance is paid off, Autopay switches over to paying her monthly statement balance. New Couch. Manageable monthly price tag. Easy as that.

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Text, U.S. Bank, Copyright 2023 U.S. Bank.