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Chase Slate® Review

If you pay monthly high interest on credit card debt, this card a "no-brainer": save with a $0 introductory balance transfer fee, 0% introductory APR for 15 months on purchases and balance transfers and $0 annual fee. Plus, receive your monthly FICO® score for free.
By Brooklyn Lowery  CardRatings Senior Manager  | Updated

Chase Slate®

This card is no longer available.
Our Rating:   

CardRatings Editor's Analysis: Pros & Cons

  • Save with a $0 intro fee on transfers made within 60 days of account opening, plus 0% APR on purchases and balance transfers for 15 months.
  • If you happen to miss a payment, you won't see a penalty APR kick in.
  • This card is our 2018 Best Balance Transfer Credit Card Editor's Choice pick.
  • This card's 0% intro APR on balance transfers for 15 months is not as long as the 21 months or 18 months offered by a few other card options discussed in the review below; however, those cards charge a balance transfer fee while Slate® charges no fee on transfers made within 60 days of account opening.

Chase Slate® Essentials

If you're looking to transfer a balance from a high-APR card and enjoy a lengthy 0% APR period, Chase Slate® could be the card for you.

Why? Chase Slate® waives balance transfer fees for 60 days when you open an account. It also offers 0% APR for 15 months on both balance transfers and purchases. Paying no APR or balance transfer fees initially means transferring a balance could save you a substantial amount of money if you're needing a few extra months to pay it off.

Imagine how much more quickly you could pay down your debt if every penny you pay on your bill each month goes to the principal rather than the interest.

You only have 60 days without a balance transfer fee, though, so you'll want to make the transfer quickly. The balance transfer fee is 5% of the amount transferred with a minimum of $5 after that introductory period.

What Our Editors Like Most About Chase Slate®

What sets Chase Slate® apart from other balance transfer cards is that it doesn't charge a balance transfer fee initially. Other cards may offer longer introductory periods with no APR, but they may also whack you with a 5% balance transfer fee from the start. That's not the case with this card.

A balance transfer fee can really add up. Let's say you want to transfer a $10,000 balance. If you have a 5% balance transfer fee, you would have to pay a $500 transfer fee. Right there Chase Slate® saves you a chunk of change and that's before you even consider the months to pay off that $10,000 without accruing interest.

Besides the balance transfer benefits, Chase Slate® waives any APR for the first 15 months on purchases, too. So, you can purchase a big-ticket item, pay it off within that intro time frame and not pay a penny in interest.

Chase Slate® doesn't charge an annual fee or implement a penalty rate if you miss payments either. You are still charged a late fee (as much as $37), and late payments are reported to the credit bureaus so it's still wise to make all your payments on time. You don't want your credit score to suffer.

Speaking of credit scores, Chase Slate® helps you keep tabs on your score. You get a monthly personalized credit dashboard that provides your FICO® score and tips on how to improve your score and manage your credit.

The card additionally protects you with zero liability fraud protection and activity alerts if there are potentially suspicious purchases. Chase Slate® also offers the benefits of other Chase cards, including auto rental collision damage waiver and extended warranty protection.

Potential Downsides of Chase Slate®

Though Chase Slate® is an excellent balance transfer card, you can't transfer balances from another Chase account to Chase Slate®, which isn't unusual – most banks won't allow transfers like that – but it's also something to keep in mind.

There is no rewards program associated with Chase Slate®. There are other cards out there that offer you a balance transfer zero-interest period along with the opportunity to earn cash back or miles for travel, but Chase Slate® is geared specifically toward consumers who want to transfer balances and don't want to pay an annual fee or deal with a rewards programs.

There is a 3% foreign transaction fee, so this card isn't ideal for international travelers.

Though Chase Slate® does offer some perks like extended warranty protection, the card doesn't provide as many  perks as others, such as travel cancellation insurance or special promotions for hotels and airlines.

How Chase Slate® Compares to Other Balance Transfer Credit Cards

Chase Slate® vs. Chase Freedom Flex℠

Chase Freedom Flex℠ offers a 15-month introductory period with 0% APR on purchases (then, 14.99% - 23.74% Variable) but not on balance transfers. There is no annual fee; however, on all balance transfers, Chase Freedom Flex℠ charges Either $5 or 5% of the amount of each transfer, whichever is greater.

On the other hand, Chase Freedom Flex℠ has a rewards program. Chase Freedom Flex℠ lets cardholders earn 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter when you activate. So, you may get 5% cash back at gas stations one quarter, while the next one could be restaurants. You also earn 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services and 3% on drugstore purchases. For all other purchases and on purchases over the spending cap, you get 1% cash back.

Chase Freedom Flex℠ also offers a $200 bonus when you spend $500 in the first three months, and earn 5% cash back on up to $12,000 in grocery store purchases during the first year (excludes Target and Walmart).

Chase Slate® vs. HSBC Gold Credit Card®

for the HSBC Gold Credit Card®  

The HSBC Gold Credit Card®  charges an intro 0% APR for the first 18 months on both purchases and balance transfers (then, 13.99% - 23.99%), but it does charge $10 or 4%, whichever is greater, as a balance transfer fee. So, the HSBC Gold Credit Card® provides a bit longer with no APR, but there is a fee, which you don't get with Chase Slate® for 60 days.

Neither card charges an annual fee, and the HSBC Gold Credit Card® won't charge you a penalty rate if you miss payments (just like Chase Slate®).

Neither card has a rewards program, but the HSBC Gold Credit Card® doesn't charge a foreign transaction fee, which makes it a potentially better option for international travelers.

Who Should Get Chase Slate®?

Chase Slate® is best for consumers who want to transfer a balance from a high-APR card and pay down their debt during the no APR introductory period. Beyond paying down your debt, Chase Slate® is an excellent card if you don't care about the bells and whistles of a credit card rewards program, but want a solid credit card without an annual fee.

Consumer Reviews

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3 Reviews
  1. Big kahuna

    Same issue was lead to believe the transfer no interest for 15 months on another account to be paid --wrong they wanted to issue me a credit card instead with not enough to pay off the other account I did not ask for another credit card with a small balance on it their advertising is a dishonest way of pulling in clients for their own prosperty. I called and cancelled as soon as I saw the credit allowed....this is not a card I respect.....

  2. jazzy

    I got this card recently and quiet happy with it. Transferring balance to this card saved me a lot of interest I had to pay otherwise. They gave me a good enough credit limit as well. Introductory 0% interest period is much longer as compared to other cards so hopefully i would be able to payoff my balance avoiding interest :)

  3. guru of high finance

    I made the mistake of being drawn in by the transfer balance. I have since paid off my balance and do not wish to give them any more of my business. When making an electronic payment, it takes them 5-7 days to process this payment. During this time if you set the payment to execute on the due date, they assess a late fee because the payment has not gone through on the electronic side. This is the only card that does this. Need less to say they accrue most of their money from those dishonest and ill-gotten methods. In actuality the due date is not the real due date, it is 5-7 days before the due date. If this review saves one person from making the same mistake it was worth it.