Chase Slate Card Review | No Fee Balance Transfer
The Chase Slate credit card offers a 0% APR balance transfer for 15 months without charging a balance transfer fee. The card can help new applicants with good or excellent credit save with a $0 introductory balance transfer fee, a 0% introductory APR for 15 months on purchases and balance transfers, and a $0 annual fee. (Plus, they receive their monthly FICO® score for free.)
Diving Deeper into the Chase Slate
Notably, Chase Slate does what the offer says: You can transfer a balance to the card with a $0 introductory balance transfer fee if you do the transfer within the first 60 days your account is open. After the 60 days, balance transfers are assessed a fee of $5 or 5% of the amount of each transfer, whichever is greater. Combined with the 0% introductory APR period of 15 months for purchases and balance transfers, this is a card that will likely save you money if you carry a balance and are committed to paying it down during that period. The card lets you add an additional card user to your account at no extra cost.
Chase Slate includes a program that’s meant to help cardholders analyze and pay down their debt. The program is called “Blueprint,” and it allows cardholders to pick which purchases to pay off first. With Blueprint, customers have the option of designing their own plan:
- Full Pay. Avoid paying interest by paying off full categories of your choice. Chase will separate all of your purchases into different categories.
- Split. Inform Chase how much you want to pay and to what purchases you would like it applied.
- Finish It. Set up a goal and a timeline and Chase will calculate your monthly payment schedule for you.
- Track It. Check out your spending trends and see where you stand with any goals you’ve set up.
It seems like a lot of work, and most people will probably prefer to just send a payment in to their credit card company and have it apply to the highest APR balance regardless of what the original purchase was. Psychologically, however, there is value in understanding exactly when a particular purchase has been paid off. That theory has been used to great effect by Dave Ramsey with the Debt Snowball, and this is sort of a similar application.
Another feature worth mentioning is Chase Slate offers Patented Fraud Protection and zero liability on unauthorized purchases. Other than that, that’s about all there is to the Slate from Chase card. For consumers looking for a great introductory rate with features to help you keep your debt in check, this card fits the bill. Remember to keep in mind that the best offer is given to excellent-credit applicants.
Alternative Balance Transfer Cards
|Credit Card Name||0% Intro APR Period||Special Offers|
|AMEX Everyday||15 Months|
15,000 Membership Rewards® Points after you use your new Card to make $1,000 on purchases in your first 3 months.
|Capital One Quicksilver||15 Months|
One-time $150 cash bonus once you spend $500 on purchases within 3 months from account opening & 1.5% cash back on every purchase.