Review of the Chase Slate® Credit Card

Brendan Harkness

Brendan Harkness | Reviews

Aug 29, 2016

If your questions are not answered by this post, use the ASK button in the top right to tell us what’s missing!

Although Credit Card Insider does receive compensation from some card issuers as advertisers, this does not in any way influence our overall judgement of a card. Chase has not endorsed this content in any way.

Learn more about how we rate credit and charge cards.

The Chase Slate® Credit Card is a simple card made for one purpose: balance transfers.

This is probably the best card available if you want to pay down a large balance at zero interest. You’ll be able to transfer a balance out of an account that’s accruing interest and onto this card, where you can pay it off without worrying about those interest charges.

Best of all, there’s no fee for your balance transfer if you make it within the first 60 days – a very rare find on credit cards.

Insider Tip: Confused about the purpose of this card? Click here to learn all about balance transfers.

Card Rating: 5 Out Of 5 Stars

We gave the Chase Slate 5 out of 5 stars because it’s the best option out there for balance transfers. You’ll get everything you want from a deal like this: no annual fee, no fee for balance transfers, 0% interest for 15 months, and a record of solid customer service.

This means you can transfer a high-interest balance over and start paying it down – all for free. You won’t want to use this card for regular purchases, but that’s fine because it was designed specifically for balance transfers.

Read on to learn all the details, and see how this card can help you save quite a bit of money.

Chase Slate®

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 13.24% - 23.24% *Variable
Quick Card Facts
  • Chase Slate named "Best Credit Card for Balance Transfers" two years in a row by Money Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • New Free Monthly FICO® Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee

The information for Chase Slate® has been collected independently by Credit Card Insider. The card details on this page have not been reviewed or provided by the card issuer.

The Rewards

You won’t earn any rewards, like points or cash back, for using this card. Instead, check out the benefits and terms below.

The Benefits

Perks

  • Free FICO Credit Score®

    See your Experian FICO score for free, any time you’d like.

Security

  • Zero Liability Protection

    Cardholders aren’t held responsible for unauthorized transactions. Contact Chase immediately if you suspect fraud.

Shopping

  • Purchase Protection

    Purchases are covered for 120 days against theft or damage, up to $500 per claim and $50,000 per account.

  • Extended Warranty Protection

    Eligible warranties of 3 years or less can be extended by up to an additional year.

  • Price Protection

    If a purchased item is found being advertised for a lesser price within 90 days, reimbursement may be provided up to $500; limited to $2,500 a year per account.

The Costs & Fees

Annual Fee Intro APR for Purchases and Balance Transfers Regular APR Regular Balance Transfer APR Cash Advance APR Foreign Transaction Fee
$0  0% for 15 months 13.24% - 23.24% *Variable 13.24% - 23.24% *Variable 25.24% *Variable 3%
Penalty APR Late Fee Returned Payment Fee
None Up to $37 Up to $37

There will be no fee on balance transfers you make within the first 60 days that your account is open.

After 60 days, you’ll be charged a fee of 5% (minimum of $5) of the amount transferred. Balance transfers need to be less than your credit limit, with a maximum of $15,000.

Take note of the introductory APR: you’ll have 0% interest on purchases and balance transfers, but this offer has a special condition that you won’t find until you plan on making a balance transfer.

The special condition is that once you make a balance transfer at the 0% rate, you will lose your 0% purchase APR. This means that purchases you make will begin to accrue interest at the normal rate, starting that billing period.

If you’re using a credit card without a 0% APR, remember that you can avoid interest fees by paying off your balance in full each billing period.

The Bottom Line

If you want to make a balance transfer to reduce your interest payments, the Chase Slate Credit Card should probably be your first choice.

This card should be completely free for you to use because there’s no annual fee. You can transfer the balance for no fee as long as you do it within 60 days, and then take up to 15 months to pay it off at zero interest.

This is about the best deal you’ll find in credit cards because most cards charge a fee of at least 3%, which would be quite hefty on large balances of thousands of dollars.

Just remember that you’ll lose your introductory 0% APR for purchases after making a balance transfer at the 0% rate. This means that the Slate is a great option for a balance transfer, but you won’t want to plan on using it like a regular credit card to earn rewards for normal purchases.

How much money could I save?

Here’s an example to see how much money you can save.

If you have a balance of $5,000 at an interest rate of 17%, you will end up spending over $500 in interest if you take 15 months to pay it off.

Instead, you could transfer that balance to the Slate card for free, where you’d have those 15 months to pay off the $5,000 without incurring any interest. As long as you always pay on time and finish paying off the balance before the 15 months are over, that’s an easy way to save over $500.

Applying for the Chase Slate Credit Card

Want to learn more or apply for this card? Just click the name below.

Chase Slate®

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 13.24% - 23.24% *Variable
Quick Card Facts
  • Chase Slate named "Best Credit Card for Balance Transfers" two years in a row by Money Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • New Free Monthly FICO® Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee

The information for Chase Slate® has been collected independently by Credit Card Insider. The card details on this page have not been reviewed or provided by the card issuer.

Not the right card for you? Check out our picks for other great similar cards in the Best Balance Transfer Credit Cards – 2016.

Was this review helpful to you? Go ahead and share it with a friend! And if you use the Chase Slate credit card click here to leave a reviewwe’d love to hear from you!

Was this helpful?

The Insider

John Ganotis
Two free rides from 11 US airports from Uber and American Express
John Ganotis | Nov 16, 2016

Read More
Brendan Harkness
Review of the Best Western® Rewards MasterCard®
Brendan Harkness | Oct 21, 2016

The Best Western Rewards MasterCard provides 13 points for every dollar you spend with Best Western, along with a variety of extra perks and benefits.

Read More
Brendan Harkness
Review of the Upromise® World MasterCard®
Brendan Harkness | Sep 28, 2016

The Upromise World MasterCard offers up to 10% cash back at select retailers, and you can redeem your rewards directly to your college fund or student loan.

Read More

Trusted Credit Information

Putting People First, Always.

We are advocates of the responsible use of credit, building and managing your credit history, and making informed decisions when selecting a credit card.