Charles H. Miller
The Chase Slate® card is designed to put you out of debt on your other cards. It offers 0% introductory APR for 15 months on both new purchases and balance transfers, while eliminating the balance transfer fee for transfers made during the first 60 days. Also, with the included Chase Blueprint program, you are able to eliminate debt on a time frame that you set. Here are the details…
Highlights
- 0% intro APR for the first 15 months, after that it’s 13.24%-23.24%
- $0 Intro Balance Transfer Fee for transfers made within the first 60 days of account opening, after that, it’s 5% (minimum $5).
- Chase Blueprint program lets you eliminate debt on a time frame that you set
- 3% foreign transaction fee
- No annual fee
How It Works
No balance transfer fee in the first 60 days: With this option you can move balance from a different card to the new Slate card free of charge. That other card, however, must be issued by a different bank, not Chase.
APR: 0% for the first 15 billing cycles, after which it goes to anywhere between 13.24% and 23.24%, based on your creditworthiness.
No annual fee: You don’t have to pay a single dime upfront in order to get the Chase Slate card.
Chase Blueprint: The four-component debt reduction program provides users with a flexible way to pay off their debt:
- Full Pay – pay off some purchases without interest, even if you currently carry a balance.
- Split – pay off a large purchase in the amount of time you choose with the Split option.
- Finish It – plan how much you want to pay each month and calculate how long it will take to pay off your debt at that rate.
- Track It – a budgeting tool that helps you group and total your purchases.
Free Credit Score and Credit Dashboard: Complementary access to your FICO Score based on Experian data, as well as the Chase Slate Credit Dashboard for accessing helpful credit information.
Costs
- 0% Intro APR for 15 months for purchases and balance transfers. After that, APR goes to 13.24%-23.24%
- $0 Intro Balance Transfer Fee for transfers made within the first 60 days of account opening, after that, it’s 5% (minimum $5)
- 3% Foreign Transaction Fee
- $0 Annual Fee
Pros
- 15 months of 0% APR on both purchases and balance transfers. Also, there’s no balance transfer fee for transfers made during the first 60 days.
- Chase’s Blueprint program that lets you avoid interest on some charges while paying others on a schedule you set.
- No annual fee makes this card appealing to the wider audience.
Cons
- No rewards – there is no sign-up bonus, and there are no spending (cash back) rewards for this card.
- Foreign transaction fees – you’ll want to carry a different on your travels outside of the U.S.
Is This The Card For You?
As we’ve said it before, the Chase Slate card is made to help people get out of debt. It offers a 0% introductory APR for the first 15 billing cycles on both new purchase and balance transfers, and there is no balance transfer fee for transfers made within the first 60 days of opening the account. However, because it lacks any rewards, you’re best off using it alongside some other card…
