For the past three years, Chase Slate® has been recognized by our Editor's Choice Awards for its outstanding balance transfer offer. 2016 is no different: for the fifth year in a row, Chase Slate® was just awarded Best Balance Transfer Credit Card in our 2016 edition of CardRating's Editor's Choice Awards.
No Balance Transfer Fee. 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. 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.
No Annual Fee. There is no annual fee.
Chase BluePrint. 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.
Chase Slate® is a top editor’s pick in the balance transfer category, and the overall winner on our best balance transfer credit cards feature. The no balance transfer fee benefit is one all our other top picks lack.
Other top picks include the Citi® Diamond Preferred® Card card, Citi Simplicity® Card, NASA Federal Credit Union Platinum Advantage Rewards, Barclaycard Ring MasterCard® and the PenFed Promise Visa® Card.
The Citi® Diamond Preferred® Card and the Citi Simplicity® Card both offer a slightly longer balance transfer introductory APR period of 21 months versus Slate’s 15-month offers - but both cards come with a 3-percent balance transfer fee. So, unless you really need those extra months, Chase Slate® may be your 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, the Barclaycard Ring MasterCard® and the PenFed Promise Visa® Card each have no balance transfer fee 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 good to 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®. Have this card? Help other consumers by adding a review below.