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Chase Slate card review | No Fee Balance Transfer

Not every credit card on the market today is out to provide consumers with great rewards, because not every card customer can make the most of those rewards. Credit cards are just tools, and depending on who is wielding them, they could have a positive or a negative effect on that person’s finances. Some people just use credit cards to habitually buy what they can’t afford. For them, a great rewards credit card might actually be counterproductive.

A good example would be someone who has made mistakes with credit cards in the past and is now looking for some way to get out of the debt hole. Rather than trying to rack up rewards with spending, this individual would be better off finding a low-interest card or a card with an excellent introductory APR on balance transfers that will allow him to save money while reducing his debt.

Issuers design some cards for people looking to save money on costly interest payments. Slate from Chase 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.)

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 Slate® from Chase 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:

  1. Full Pay. Avoid paying interest by paying off full categories of your choice. Chase will separate all of your purchases into different categories.
  2. Split. Inform Chase how much you want to pay and to what purchases you would like it applied.
  3. Finish It. Set up a goal and a timeline and Chase will calculate your monthly payment schedule for you.
  4. 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. If you want more information or if you are interested in applying, visit this page to learn more about Chase Slate.

Updated December 15, 2016 and originally published February 8, 2012.

About the author

Luke Landes is the founder of shizennougyou. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 5 comments… read them below or add one }

avatar 1 qixx

If you qualify for the 0% purchase APR then you could buy $1 coins from the US Mint in bulk and use them to pay another card. This would effectively leave you with a 0% balance transfer with zero fees. It would just take some extra time on your part. I don’t like the Blueprint feature. It should come with the disclaimer that using it is likely to cause you to may more interest on your purchases.

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avatar 2 skylog

i have had this card for a while now. in fact, i just received my replacement card, as my first card expired, i was fairly shocked that it had the more vertical alignment. i’m not sure why they made the change. it is just really odd.

the card itself does not provide too many benefits, but the blueprint is a intersting concept. i have yet to utilize it, but i have been meaning to look into it.

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avatar 3 Ceecee

This sounds like a great deal for someone who has a balance that they can pay off in the 15 month period. You rarely see balance transfers with no fee. It would be good for paying off a medical or dental bill, or something like that—as long as you can swing it in the time allowed.

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avatar 4 Anonymous

Chase Slate was the absolute worst company to deal with. I applied for an account and then when I realized because of restrictions on balance transfers that it wasn’t what I was looking for I called to close the account on the same day. A representative “closed” the account and confirmed that he did indeed close it for me, yet I received a card and a bunch of paperwork in the mail, so when I called back a week or two later it turned out the account was never closed, which also means a couple thousand dollars were transferred from that new credit line to another bank account since that transfer request was listed on my application. The other bank was able to transfer the money back into the account I will never use, but a payment was apparently due two days before the account was refunded (although the bill I received in the mail stated the bill’s due date was a week later from the date the representative advised of on the phone.. should have been 3 days from now)and I was charged a late fee. Although if the original representative would have simply closed the account as he said he did, none of this would have been a problem.

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avatar 5 Anonymous

I took the card and an initial balance transfer that I just paid off as the 0% interest period was ending. My balance is ZERO. Chase is now refusing to give me another Balance Transfer, saying there are no “offers” available at this time. I thought it was a basic feature of the card? The T&C say nothing about balance transfers being limited. Anyone else run into this bait and switch scam?

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