Chase Slate® credit card Review

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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  17.24% – 25.99% 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
Annual Percentage Rate (APR) on Purchases:0% Introductory APR for 15 months on purchases from account opening. After that, 17.24% - 25.99% Variable APR.

Annual Percentage Rate (APR) on Balance Transfers:0% Introductory APR for 15 months on balance transfers from account opening. After that, 17.24% - 25.99% Variable APR.

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. Here are the profiles of a few other balance transfer credit card options, so you can see what the competition has to offer.

Chase Freedom®

Annual Fee: $0

Card highlights we want to feature:

  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter. Unlimited 1% cash back on all other purchases.
  • There is no annual fee

The Chase Slate® credit card and the Chase Freedom® card are on even footing with having no annual fee and the introductory APR duration. Chase Freedom® offers new cardmembers a 0% Introductory APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%.  There is a 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5. Then the ongoing balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater.

When compared to the Chase Slate® credit card, in our opinion, Chase Freedom® gives you a bigger bang for your buck, for one reason, by offering a cash back rewards program. With Chase Freedom® you earn 5% cash back on up to $1,500 spent in combined purchases in the bonus categories each quarter that you activate. Purchases above the $1,500 limit or outside the activated bonus categories earn unlimited 1% cash back. Secondly, new eligible cardmembers earn a $150 Bonus after spending $500 on purchases in the first three months from account opening.

If you want the double benefits of a 0% introductory APR on purchases and balance transfers as well as a card with a cash rewards program, we think this card is worth a second look.

Terms apply.

If you want to learn more click on the link below which will take you to a Chase Freedom® card details page.

Learn more about Chase Freedom®.

Discover it® Balance Transfer

Annual Fee: $0

Card highlights we want to feature:

  • Cash back rewards program – earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • There is an introductory offer: Discover will match all the cash back you’ve earned at the end of your first year, automatically, for new cardmembers only. Another plus, there’s no signing up and no limit to how much is matched.
  • There is no annual fee and no foreign transaction fee.

There’s a lot to mention about the Discover it® Balance Transfer card starting with the 18 month, 0% introductory APR period on balance transfers. After the introductory APR period for balance transfers ends then a Standard Variable Purchase APR of 14.24% – 25.24% applies, based on your creditworthiness. There is a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*. This card also offers a 6 month, 0% introductory APR on purchases. After the introductory APR period for purchases ends then a Standard Variable Purchase APR of 14.24% – 25.24% applies, based on your creditworthiness. This card has no annual fee and no foreign transaction fee.

A cash back rewards program adds to the Discover it® Balance Transfer appeal. With this card earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. Plus, you earn unlimited 1% cash back on all other purchases – automatically. There is an introductory offer: Discover will match all the cash back you’ve earned at the end of your first year, automatically, for new cardmembers only. This introductory offer does not require signing-up and there’s no limit to how much is matched.

Terms apply.

BankAmericard® credit card

Annual Fee: $0

Card highlights we want to feature:

  • This card offers a 0% introductory APR for your first 15 billing cycles for purchases and for any balance transfers made within the first 60 days of opening your account. Then, after the introductory APR offer ends, a variable APR that’s currently 15.24% to 25.24%, will apply to your purchases and balance transfers
  • There is a $0 introductory balance transfer fee for the first 60 days your account is open. After that, the fee for future balance transfers is 3% of each transaction (minimum $10).
  • There is no annual fee

With the BankAmericard® credit card you can access your FICO® Score updated monthly for free within Online Banking or your Mobile Banking app.

Terms apply.

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 eligible new Cardmembers. For those choices, you can look at one of the other cards listed above.

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; after that, a variable APR of 17.24% – 25.99% will apply.  The opportunity to have a $0 introductory balance transfer fee for transfers made during the first 60 days of account opening could be an incentive to choose this card over other cards that charge balance transfer fees.

consChase Slate® credit card cons

On the flip side, transfers executed after the first 60 days 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 of account opening, you won’t pay a balance transfer fee, and there’s no pricey annual fee to worry about either. The BankAmericard® credit card is another no-frills type of card and may also be worth a closer look too.

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.

Learn More:

Best Balance Transfer Credit Cards

Best Low Interest Credit Cards

 


Independent Review Disclosure: All the information about the BankAmericard® credit card and the Chase Slate® credit card has been collected independently by CreditSesame.com and has not been reviewed or provided by the issuers of these cards. The BankAmericard® credit card and the Chase Slate® credit card are not available through CreditSesame.com.

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Provider’s Terms: *See the online provider’s application for details about terms and conditions. Reasonable efforts have been made to maintain accurate information, however, all information is presented without warranty or guarantee. When you click on the “Apply Now” button, you can review the terms and conditions on the provider’s website. Offers are subject to change and the terms displayed may not be available to all consumers.

The information, including card 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.

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Published September 16, 2016
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