Chase Slate Credit Card Review

(4 out of 5) MyBankTracker Editor's Rating

Chase Slate Credit Card
Chase Slate Credit Card

If you’re looking to refinance your high-interest credit card debt or consolidate your debt in order to pay it down, Chase Slate is one card you need in your wallet.

What makes the Chase Slate credit card useful for balance transfers is that it comes with a $0 balance transfer fee bonus for the first 60 days as well as a 0% introductory APR for an extended period of time on all balance transfers and purchases.

Although there are many types of balance transfer credit cards out there, very few of them offer both a 0% introductory APR and $0 balance transfers.

Since Chase Slate allows you to transfer balances without a fee for the first 60 days, you can gain the most benefits by using this card to get out of debt.

If you have good credit but you’d like to pay off your debt without worrying about interest rates, Chase Slate may be the solution for you.

In this Chase Slate credit card review, we'll compare rates, fees, and services.

Chase Slate helps pay off debt faster

Chase Slate Card Pros & Cons

Pros Cons
  • Good for people who are trying to eliminate or reduce debt
  • 0% Intro APR for first 15 months
  • $0 Intro balance transfer fee for the first 60 days your account is open
  • $0 annual fee
  • No penalty APR
  • Doesn't offer rewards
  • Can only transfer debt from a bank other than Chase
  • Amount you transfer cannot be more than your credit limit or $15,000 (whichever is less)

At first glance, Chase Slate seems a little ho-hum since you will not earn points in Chase’s Ultimate Rewards program and it does not offer a sign-up bonus.

However, Chase Slate is not your everyday credit card. It specializes in one thing: helping cardholders to pay off their credit card debt. On this front, Chase Slate delivers.

Many credit cards offer 0% APR financing on balance transfers, but almost all of these cards charge a 3% balance transfer fee.

However, Chase Slate is an exception, and if you are trying to reduce your credit card debt, you can breathe easy knowing this card has no balance transfer fee within 60 days of opening the account.

After the intro period expires, you can expect a variable APR on purchases and balance transfers, depending on your credit profile at the time of application.

A huge advantage of Chase Slate is that you will not pay a balance transfer fee for the first 60 days.

It helps you save at least $50 on every $1,000 transferred, which can be a considerable expense if you’re struggling with thousands of dollars in credit card debt.

When you transfer your balances, you can avoid interest charges for 15 months, which can help you to pay down your balance faster than if a portion of every payment was put toward interest charges.

Also, keep in mind that you can move your debts from different cards to Chase Slate and make just one single payment going forward.

Unlike other credit cards that either charge a yearly fee right off the bat or shortly after an introductory period expires, there is no annual fee for using Chase Slate.

Paying off credit card debt is enough work on its own, and many cardholders prefer not having to pay an extra fee on top of all the other costs found with most credit cards.

You will also have free access to your FICO score.

Rewards

Chase Slate is not a rewards card, so you will not earn cash back, miles, or points from this card.

And unlike some rewards credit cards that are geared toward travelers, this card comes with a 3% fee for each foreign transaction, so there will be additional costs to keep in mind if you plan to make purchases outside of the country.

Transfer Rules

You can only transfer debt from a bank other than Chase. This includes Chase co-branded credit cards such as Marriott, Southwest Airlines, United Airlines, and others.

Since Chase is one of the largest issuers of credit cards in the U.S., it is possible that some or all of your current debt is already with Chase.

Also, the amount you transfer, including interest and fees, cannot be more than your credit limit or $15,000, whichever is lower.

Fraud Protection

In addition to features offered through Blueprint, Chase Slate also comes with great protection for its card customers. These extra safety features provide additional peace-of-mind against identity thieves and fraudsters. You will receive:

  • Purchase protection: Every Chase Slate purchase is covered against theft or damage up to $50,000 per account for the following 120 days and $500 per claim.
  • Zero liability protection: You will not be responsible for any fraud or unauthorized purchases.
  • Fraud Alerts: You will be notified of any potential fraudulent activity via email, text, or phone.
  • Fraud protection: You will benefit from constant monitoring of your account for suspicious activity.
  • Embedded chip: The Chase Slate card comes with a built-in chip that is accepted worldwide and provides an extra layer of security when used in a chip card reader.

Final Verdict

Chase Slate is ideal for credit card users who are trying to eliminate or reduce their credit card debt (that isn’t from an existing Chase credit card).

Smart applicants will understand the unique value and advantages of holding a card that offers no balance transfer fee, no annual fee, and 15 months of interest-free financing.

Keep in mind that Chase Slate may not be for you if you have poor credit, you want a card solely to earn rewards, or you need significantly longer than a year to pay off a balance transfer or purchase.

However, if you have good credit and you are either looking to pay off credit card debt with a balance transfer or finance a large purchase and pay it off over time, Chase Slate is hard to beat.

It’s the ideal card for consumers who are trying to find the best way to begin their journey to a debt-free life.

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Ask a Question

abdouguelala
Friday, 26 Jul 2019 3:17 AM
<p>good</p>
MyBankTracker
Thursday, 14 Feb 2019 10:23 PM
<p>Based on anecdotal reports and data for Chase Slate applicants, it could be tough to get approved with a credit score of 639. While it isn't impossible, your income and monthly expenses is likely to play a major factor in Chase's approval decision.</p>
Thursday, 14 Feb 2019 7:01 PM
<p>I have a credit score of 639. I'm only interested in transferring a balance from another card to Chase to avoid high interest fees while paying it off. I do not want to take a hit on my credit score AND get turned down for the card. Is a 639 credit score good enough to secure credit from Chase?</p>
MyBankTracker
Wednesday, 23 Jan 2019 4:23 PM
<p>For an unsecured option, the Platinum Credit Card from Capital One is designed for people with average credit.</p><p>As for secured credit cards, note that you don't have to pay interest if you pay off your balance in full. So, a secured card can end up costing nothing in the end -- especially if you go with a card like the Discover it Secured Card, which has no annual fee.</p>
MyBankTracker
Wednesday, 23 Jan 2019 4:20 PM
<p>No, interest begins accruing after the introductory APR period.</p>
disqus_VXcURGLcg2
Monday, 21 Jan 2019 6:32 PM
<p>I have a 660 credit score according to Credit Karma. I am looking for a credit card to boost my credit score. I am on disability. I refuse to pay money on a secured credit card and then pay interest to use my own money. I don't care about rewards I just don't want to get turned down and also take a hit on my credit score. I had problems in the past because of medical bills but my credit report is now clean. Would love your advise!</p>
Tuesday, 20 Feb 2018 3:00 AM
<p>If I do not get a transfer balance paid off in the zero interest window, will I have to pay an accrued interest penalty?</p>
roadking01huffpost
Thursday, 04 Jan 2018 2:56 AM
<p>Where can I apply?</p>
MyBankTracker
Thursday, 11 May 2017 7:23 PM
<p>If you're referring to this Chase Slate credit card, yes. Your credit score will drop slightly for a temporary period of time because a hard pull is performed on your credit report. The lower credit score will rebound slowly as the new card account -- when used responsibly -- will contribute to credit improvement over time.</p>
Thursday, 11 May 2017 4:53 PM
<p>When I apply for ur credit card does it lower my credit score any</p>
MyBankTracker
Monday, 10 Apr 2017 3:33 AM
<p>Chase's phone number for personal credit cards (US) is: 1-800-432-3117.</p>
Tuesday, 10 Jan 2017 9:58 PM
<p>I would like to open a credit card with Chase Slate and transfer my balance from Visa to Chase Slate.What is your phone number?</p>