Chase Slate Credit Card Review

Customize Your Payment Plan

Chase Bank ATM Near Wall Street
Chase Slate Credit Card Review. Waring Abbott / Getty Images

CardRatings.com rated Chase Slate the best balance transfer card four years in a row from 2011 through 2014. The card has no annual fee and a lengthy balance transfer period as long as you transfer your balance two months after you open the credit card. 

If you have credit card debt that you need to pay off, the Chase Slate is the perfect solution. Not only do you get a 15-month 0% APR on balances transferred within the first 60 days, you also won't pay a balance transfer fee on balances transferred during those days.

Your balance transfer is limited to $15,000 or your credit limit and you can't transfer a balance from another Chase account.

Chase Slate isn't for heavy credit card users who want to earn rewards on their purchases - the card doesn't have a rewards program.

Free FICO Score

Chase Slate is among the few credit card issuers offering a free FICO score through the FICO Score Open Access program. Cardholders can view their Experian-based FICO Score for free via their Chase online account.

Chase Slate Pricing

The Chase Slate credit card is currently offering 0% APR for 15 months on balance transfers made in the first 60 days and purchases. After the introductory period, the interest rate will be between13.24% to 23.24%. Your exact APR depends on your credit standing at the time of your application. Cash advance and overdraft purchases APR is 25.24%.

Chase Slate doesn't have a penalty rate which means your interest rate won't go up if you become more than 60 days delinquent on your payment.

There's no fee on balance transfers made within the first 60 days. After that transfers are charged the greater of $5 or 3%. Cash advances incur a $10 or 5% fee. Foreign transactions are charged a 3% fee.

There's no annual fee which makes paying off a balance via Chase Slate even easier.

Chase Slate charges a tiered late fee which penalizes you less when you're late on small balances.

You'll be charged: $15.00 if the balance is less than $100.00; $27.00 if the balance is between $100.00 and $250.00; $37.00 if the balance is $250.00 or more.

There's no fee for going over your credit limit or for a return check. Return payment fee is $37.

Chase Blueprint

Chase Slate one of the Chase cards with Chase Blueprint - a tool that lets you customize how you pay off your balance. You can choose categories of purchases that receive 0% interest, set a timeframe to pay off a large purchase, create a plan to pay off your balance in set amount of time, or track your spending in certain purchase categories. The timeframe and payment plan may work particularly well for paying off a large balance transfer.

Bottom Line

Chase doesn't have the longest introductory APR period out there - that award currently belongs to Citi Simplicity with its 21-month 0% APR. But, the $0 balance transfer fee makes up for it. You'd save $300 by transferring a $10,000 balance to Chase as long as you can pay the balance off before the introductory period ends.

If you're looking for a credit card with rewards and 0% balance transfer APR, consider the Discover it which offers an 18-month 0% APR and up to 5% cashback in categories that rotate each month.

You'll need excellent credit to qualify.

Edited by LaToya Irby. Credit card terms and sign-up bonuses are subject to change from the time of this review. Visit the credit card issuer's website for the most recent terms and conditions.