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Chase Slate® credit card Review

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EDITOR’S NOTE: The Chase Slate® credit card offer mentioned in this article is expired and is not available through our site

Carrying a balance on your credit card can burn a hole in your wallet if you’re paying interest on what you owe. Transferring the balance to a card with a 0% introductory Annual Percentage Rate (APR) offer, is one way to reduce the cost of finance charges. If you’re ready to save money on an existing eligible balance, with responsible use by you, a card with a 0% introductory APR on balance transfers can be a tool to help you achieve that goal.

Chase Slate® credit card snapshot

The Chase Slate® credit card offers a 0% introductory Annual Percentage Rate (APR) for 15 months on purchases and balance transfers from account opening. After that there is a  14.99%–23.74% Variable APR on purchases and balance transfers. There is a $0 introductory balance transfer fee for transfers made during the first 60 days your account is open. After that, the fee for future balance transfer transactions is 5% of the amount transferred, with a minimum of $5. Balance transfers with a $0 introductory balance transfer fee are almost unheard of.

Chase Slate® credit card highlights

Highlights that we want to mention

At a glance 
Annual Fee:$0
Foreign Transaction Fee:3% of each transaction in U.S. dollars
Rewards Program:None
Balance Transfer Fee:$0 Introductory balance transfer fee during the first 60 days your account is open. After that, the fee for future balance transfer transactions is 5% of the amount transferred with a minimum of $5.
Our Verdict: Best for credit users who want to take advantage of a $0 introductory balance transfer fee for 60 days, get 0% intro APR for 15 months on purchases and balance transfers, and $0 annual fee.
We Think it's Great For:People who want a longer time frame to pay down purchases or balance transfers with 0% Introductory APR for 15 months on purchases and balance transfers

People who want to avoid an annual fee
We Think These Folks Should Do More Research:People who want to earn rewards on purchases

People who travel outside the U.S.
Additional Notes:Terms apply

Chase Slate® credit card basics

We think the Chase Slate® credit card may interest credit card applicants who hope to snag a 0% introductory APR offer on purchases and balance transfers.

In addition to the introductory APR promotion, this card comes with a few other extras. Credit Journey℠ gives you unlimited access to your credit score and more. It’s free, even if you’re not a customer of Chase. Checking your score does not affect your credit. The Chase Slate® credit card has no annual fee. This card won’t impose a penalty APR for late payments. All other account pricing and terms apply.

Chase Slate® credit card vs. other balance transfer cards

The Chase Slate® credit card isn’t the only balance transfer card in the game. Be sure to check out other balance transfer credit card options, so you can see what the competition has to offer.

Chase Slate® credit card rewards

As mentioned earlier, the Chase Slate® credit card doesn’t come with a rewards program. You won’t be able to earn any points, miles or cash back for purchases made with your card and there’s no bonus for new Cardmembers.

prosChase Slate® credit card pros

The feature we like best about the Chase Slate® credit card is the 15 months you get to pay off eligible purchases and balance transfers with 0% introductory APR for 15 months from account opening; after that, a variable APR of  14.99%–23.74% will apply.  The opportunity to have a $0 introductory balance transfer fee for transfers made during the first 60 days your account is open could be an incentive to choose this card over other cards that charge balance transfer fees. After that, the ongoing fee for future balance transfers is 5% of the amount transferred, with a minimum of $5.

consChase Slate® credit card cons

On the flip side, transfers executed after the first 60 days your account is open face a balance transfer fee of 5% of the amount transferred with a minimum of $5. On a $5,000 transfer, the 5% balance transfer fee amounts to $250.

The lack of a rewards program is also something that some credit card holders may find unappealing. If earning rewards is important to you, you may need to consider supplementing the Chase Slate® credit card with another card that offers the cash back, points or miles you’re seeking.

Should you get the Chase Slate® credit card?

If you want a no-frills, no-fuss way to transfer balances, the Chase Slate® credit card is one you may want to consider. As long as you complete transfers promptly after opening your account, during the first 60 days your account is open, you won’t pay a balance transfer fee, and there’s no pricey annual fee to worry about either.

Although Chase doesn’t disclose on its website the minimum credit score you’ll need to qualify for this card, as a general rule, the higher your score, the easier it may be to get approved. Keep in mind, credit scores are just one criteria that credit card issuers use to determine if you are eligible for one of their credit cards, credit card issuers use a variety of different types of credit score models and other criteria to make credit decisions. Take a look at your free credit report card from Credit Sesame to get an idea on where you stand.

Terms apply.

 


Independent Review Disclosure: All the information about the Chase Slate® credit card has been collected independently by CreditSesame.com and has not been reviewed or provided by the issuer of this card. The Chase Slate® credit card is not available through CreditSesame.com.

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The information, including rates and fees, presented in this article is believed to be accurate as of the date of the article. Please refer to issuer website and application for the most current information. Verify all terms and conditions of any offer prior to applying.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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Published September 16, 2016
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