Our editor's take
Curtis Arnold Editor-in-chief
If you’re in the market for a balance transfer credit card, Chase Slate® card is a great option. While most issuers shy away from no-fee balance transfer offers, Chase bucks the trend by continuing to offer a $0 introductory balance transfer fee for its Chase Slate® card for several years now. For that reason, it’s hard to beat Chase Slate’s zero-percent introductory offer.
The introductory offer features an attractive zero-percent introductory rate on balance transfers and purchases for 15 months. After the introductory period ends, there is a variable balance transfer and purchase APR of 12.99, 17.99 or 22.99 percent based on your creditworthiness. As an introductory offer, transfer your higher-rate balances during the first 60 days your account is open you will pay no balance transfer fee. After the first 60 days your account is open, the fee for future balance transfers is 3 percent of the amount transferred, with a minimum of $5. There is no annual fee.
If you're the kind of consumer who worries that you'll run out of runway after a strong balance transfer deal like this one, Chase has you covered. Chase Slate cardholders get access to Blueprint, the bank's online budgeting tool that gives you four different ways to calculate how you'll pay down your balance.
With the "Finish It" tool, you can find a monthly payment that fits your budget while helping you meet your financial goals. Blueprint's Split tool helps you split specific purchases from the rest of your balance, set category-based spending targets, and avoid interest charges on big-ticket purchases.
How This Card Compares to Other Cards
Chase Slate® is a top editor’s pick in the balance transfer category. Other top picks include the Discover it® card, Citi Simplicity® Card, NASA Federal Credit Union Platinum Advantage Rewards, Barclaycard® Ring MasterCard® and the PenFed Promise Visa® Card.
Discover it® card and the Citi Simplicity® Card both offer a slightly longer balance transfer introductory APR period of 18 months versus Slate’s 15-month offers. However, both cards come with a 3-percent balance transfer fee. So, unless you really need an extra three months, Chase Slate® is probably the better choice. On the other hand, if you want a card that you can use as a rewards card after your balance transfer is paid off, Discover it is one of few cards with a both a solid cash-back rewards program and a strong balance transfer offer.
NASA Federal Credit Union Platinum Advantage Rewards, Barclaycard® Ring MasterCard® and the PenFed Promise Visa® Card each have no-fee balance transfer offers like the Chase Slate®, but without the zero-percent introductory rate. However, each of these cards allows you to enjoy a long-term low rate, making them all good options for those who are not able to pay off their balances in 18 months or less.
Unlike other cards in the no-frills category, Chase Slate doesn't skimp on customer benefits, extending comprehensive purchase protection for purchases. Chase's program rivals those of many premium credit cards, offering reimbursement of up to $500 per claim against theft or damage for up to 120 days from the date of purchase. (There's a maximum benefit of $50,000 per account, far larger than the cap on many similar programs.)
Who Should Get This Card
This card is best for consumers with excellent credit who have a balance to transfer which they can pay off in 15 months or less. Use our balance-transfer calculator to determine potential savings of switching to Chase Slate®.
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