Chase Slate Review

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The Chase Slate dominates the competition among balance transfer credit cards. If it’s your goal to pay off your credit card while paying as little as possible in interest and fees, this card deserves your serious consideration.

Chase Slate®

overall rating
3.7
Chase Slate®
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
  • Regular APR (%) 17.24% - 25.99% variable
  • Annual Fee No Annual Fee
  • Ongoing Balance Transfer APR (%) 17.24% - 25.99%
  • Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Intro Balance Transfer Fee There is an introductory fee of $0 during the first 60 days your account is open.
  • Intro Balance Transfer APR Length (number of months) 15
Ratings Breakdown
for Interest
1.0
for Rewards
1.9
for Credit
3.5

Top Rated For

  • Balance Transfer Credit Cards

Who is This Credit Card Best For?

  • Avatar for Debt Warrior Persona
    Attacks existing balances while avoiding new debt
    Debt Warrior
  • Avatar for Credit Builder Persona
    Takes improving their finances seriously and wants recognition for using credit responsibly
    Credit Builder

If you have high-interest credit card debt, you could benefit from transferring balances to the Chase Slate. It scores well on a number of factors you should look for when choosing a balance transfer card

While this card is ideal for anyone who wants to avoid interest payments as they work their way out of debt, but it’s also a good option for someone who wants to make a large purchase and pay it off with no interest for 15 months.

Pros

  • Generous balance transfer and purchase APRs

  • No balance transfer fee (at first)

  • No annual fee

Cons

  • Longer 0% APR offers exist

  • High balance transfer fee after 60 days

  • High ongoing APR

Pros Explained

  • Generous balance transfer and purchase APRs: The average credit card APR is now well over 17%. Having 15 months to pay down debt at 0% APR can help you make considerable progress, and this offer is longer than what some other cards give new cardholders.
  • No balance transfer fee (at first): Most balance transfer cards charge balance transfer fees of 3% or 5%, but the Chase Slate charges $0 for balance transfers made within 60 days of opening the card. Avoiding this fee can help you save a tidy sum of money upfront.
  • No annual fee: Not having to pay an annual fee is a huge perk, though it’s also pretty standard among balance transfer credit cards. 

Cons Explained

  • Longer 0% APR offers exist: Chase Slate has a good offer, but some of the best balance transfer credit cards give you even more time—as long as 21 months—with no interest. Those cards likely charge a balance transfer fee, but the extra months to pay off debt could be worth it. Compare cards and run the numbers before deciding.
  • High balance transfer fee after 60 Days: Once your account has been open for 60 days, you’ll pay a balance transfer fee of 5% (minimum $5). That’s higher than the 3% balance transfer fee many cards charge. 
  • High ongoing APR: After the introductory APR ends, the rate on purchases and balance transfers jumps to a rate higher than the average credit card APR and worse than the rates offered on all the other balance transfer cards in its class.

How to Get the Most Out of This Card

With both balance transfers and large purchases, make them as soon as possible to give yourself the most time to pay off your debt. At the very least, transfer your high-interest debt balances within 60 days to secure the $0 balance transfer fee. 

Beyond that, pay as much as you can each month so you can avoid paying interest once the introductory offers expire.

Balance transfer offers work best when you focus on debt repayment and stop using credit cards for regular spending.

Chase Slate’s Other Features

  • Free credit score and score simulator: Chase’s Credit Journey program gives you weekly credit score updates and includes access to a score simulator that shows you how your score may change if you pay off debt or open new accounts, for example. Many, but not all, major credit card issuers offer something like this.
  • Purchase protection: New purchases made with the card within 120 days qualify for purchase protection if what you bought gets damaged or stolen.
  • Contactless payment: Chase Slate lets you pay by “tapping” your card on payment terminals displaying the contactless payment symbol. 

Customer Experience

J.D. Power gave Chase the fourth spot in its 2018 U.S. Credit Card Satisfaction Study, which considered the responses of over 24,000 credit card customers from September 2017 to May 2018. Chase scored 804 out of 1,000 in the study, which is higher than the industry average of 801.

Chase offers a robust online credit card resource center, and if that doesn’t have answers to your questions, the customer service phone line is available 24 hours a day.

The Chase mobile app also receives solid rankings from users, with 4.8 out of 5 stars on iTunes and 4.6 out of 5 stars on Google Play.

Security Features

Chase offers standard security protections for the Slate card, including fraud monitoring and alerts when suspicious activity occurs on your account. As with most credit cards, you’re covered by a zero fraud liability policy, meaning you won’t be on the hook for fraudulent purchases made with your card or card number. 

Fees to Watch Out For

The Chase Slate has comparable fees to its competition, but international travelers, take note: Foreign transactions carry a 3% fee.

For Chase Slate®

Compare This Card

See how this card stacks up to the competition
CURRENT CARD
Chase Slate®
overall rating
3.7
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
  • Regular APR (%) 17.24% - 25.99% variable
  • Annual Fee No Annual Fee
  • Ongoing Balance Transfer APR (%) 17.24% - 25.99%
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    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
    350 579
    580 669
    670 739
    740 799
    800 850
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    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
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    Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
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Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.