Chase Slate® Review: Balance Transfers With No Intro Fee
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Although the ultimate solution to eliminating credit card interest is paying off your debt, there is an interim strategy that can eliminate interest charges. Promotional financing offers common on many credit cards can allow new cardholders to transfer their balance from an existing card to the new one, which can offer interest-free financing for a period of 6-18 months. The Chase Slate® Card offers 0% intro APR for 15 months on both new purchases and balance transfers. With no balance transfer fees for transfers made within 60 days, and no annual fee, the card can be a powerful tool for eliminating debt.
How the Balance Transfer Works
Once approved for the Slate card, customers have 60 days in which to execute the promotional balance transfer. In effect, you are asking Chase to pay off your old credit card's balance and apply that amount to your new Slate card. Just note that the old balance must be on a card that is not from Chase.
Most cards require an additional 3% balance transfer fee. So this is clearly one of the best balance transfer offer on the market since it offers a 0% intro period, $0 balance transfer fee, and $0 annual fee. In addition, new purchases can also be made interest-free for a period of 15 months. Always keep in mind that you will still have to make a monthly minimum payment, and you will still have to pay off all charges within 15 months in order to avoid interest. (See also: When to Do a Balance Transfer to Pay Off Credit Card Debt)
Credit Score and Credit Dashboard for Free
This card includes access to your FICO® Score, as well as the Chase Slate Credit Dashboard for accessing and viewing helpful credit information. (See also: Credit Cards With Free Credit Scores)
Pros
No intro fee on balance transfers. With 15 months of 0% intro APR on your existing balance and no balance transfer fee for transfers made during the first 60 days, you will not find this offer anywhere else. (See also: Best Credit Cards Without Balance Transfer Fees)
Promotional financing on new purchases. New transactions are also interest-free for 15 months.
No annual fee. Don't add unneccessary expenses when you're trying to pay down debt.
Cons
No rewards. There is no sign-up bonus offer, and there are no spending rewards for this card. (See also: Best Cash Back Credit Cards)
Foreign transaction fees. For all transactions processed outside of the United States, this card charges a foreign transaction fee of 3% of each transaction in U.S. dollars. (See also: Credit Cards Without Foreign Transaction Fees)
Who This Card Is Best For
If you have credit card debt, your number one priority should be to pay it off. The Chase Slate card helps you to do that by offering a 0% introductory APR for the first 15 months on both new purchase and balance transfers with no balance transfer fee for transfers made within the first 60 days of opening the account. With these features, the Slate card can be an important part of paying off and eliminating credit card debt.
Disclaimer: The responses below 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.
capital one dont have balance transfers fees on most of its cards
I have NO respect for Capitol One, they bought out my HSBC credit card that I may have used 2 or 3 times a year but it is my OLDEST card over 20 yrs and then they close it stating I dont use it much which made my credit score plummet and it now states I have a credit history of ONLY 2 yrs on my credit reports, talk about some dirty sh*t, I will be closing ANY and ALL credit and store cards that Capitol One services and NEVER do business with them again....