Chase Slate® Credit Card
If you’re carrying a balance on a high-interest credit card and want a cost-effective way to pay it down, the Chase Slate Visa credit card could be a perfect match for you. Since it has no annual fee, a 0% interest rate for the first 15 months and no balance transfer fees for the first 60 days, you’ll save big by avoiding interest charges and fees.
The Chase Slate Visa serves a unique purpose, and while you won’t earn rewards, the benefits you’ll receive from getting your credit card debt in order can position you to move on to a rewards credit card.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Chase Slate® Credit Card offers and the value of the Chase cashback you earn.
While not a premium credit card sporting big sign-up bonus or the ability to earn rewards, the Chase Slate Visa card offers the tangible benefit of providing a cost effective path to pay down your credit card debt. The card can also be a vehicle to spread out the repayment of a large purchase over the 15 month 0% APR period.
Fee-free balance transfers are allowed within the first 60 days after card approval. What this means to you is that you can transfer your entire high-interest credit card balance at no cost. In addition, the card offers the benefit of not surging your interest rate if you make a late payment.
What You Get
- 15 months of 0% APR for balance transfers and new purchases
- No balance transfer fees for the first 60 days of card membership
- Paying late doesn’t raise your interest rate
Free Checked Bag
The Chase Slate Visa card is not a travel card and does not offer any travel benefits. In fact, since is incurs a 3 percent fee on foreign transactions, it is not a credit card you’d want to use internationally.
Fees: the cost of Having the Card
There is no annual fee with the Chase Slate Visa credit card, so won’t have to spend a dime on the card to cover any cost of holding it. In fact, if you’re just starting out, you can hold this card as long as you want and it’ll help build your credit history.
- Annual Fee
- Balance Transfer Fee
- $0 Intro fee on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater
- Foreign Transaction Fee
- 3% of each transaction in U.S. dollars
- Late Payment Fee
Up to $15 if the balance is less than $100; up to $27 if the balance is $100 to less than $250; up to $37 if the balance is $250 or more
Top 5 Benefits of the Chase Slate Credit Card
The Chase Slate Visa no annual fee credit card serves the important purpose of helping an individual manage credit and pay off debt. The benefits provided by the card reflect these purposes, with zero-interest balance transfer incentives, tools for managing credit and payment management systems.
- No Annual Fee: Hold the card for as long as you want since there is no annual fee to pay, ever.
- 0% APR for 15 Months: No interest is charged on purchases, balances or balance transfers for the first 15 months.
- No Balance Transfer Fee: Transfer balances from high-interest credit cards within the first 60 days and there will be no transfer fee.
- Chase Blueprint: A valuable payment management tool that allows you to customize and monitor your payment priorities. The Chase Blueprint provides projected pay off dates, payments by category, tracking options and other payment analyzing tools.
- Free FICO Score: Access your account to receive your monthly updated credit score and receive helpful credit management information.
Should You Get the Chase Slate Credit Card?
If paying off your existing credit card debt is your priority, securing the Chase Slate Visa card is a smart move. You can take advantage of the 60-day zero-fee window after opening the card to transfer your high-interest credit card balances. You’ll also benefit and save money by utilizing 15 months of 0% APR to conveniently pay off your debt. Additionally, the payment and credit management tools help educate and assist you in building positive new credit practices.
If you’re ready to pay off current high-interest credit card debt, don’t want to pay an annual credit card fee and could benefit from the credit tools offered, the Chase Slate Visa credit card is a worthy choice.
The card is also well suited for a large ticket purchase that could be spread out over the interest-free payment period. While the card doesn’t provide a way to earn rewards, you may be better positioned to get a premium rewards card once you’ve utilized the Chase Slate to clean up your existing debt.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- It’s true that the Chase Slate Visa credit card doesn’t earn any airline miles or reward points. That’s because its core purpose is not to reward spending but to facilitate a cost-effective way to pay down existing high-interest debt. Thinking of it as a payment management card versus a credit card might help to understand its true value.If you don’t have any current debt, the card could also be used to facilitate a convenient interest-free repayment of a high value purchase. However, if you can benefit from transferring high-interest credit card balances without paying fees, taking 15 months of 0% APR to pay it down and utilizing Chase’s creative payment options to do so, you’ll be using the card for its intended purpose. If you’re looking for a rewards-earning credit card, this is not it but it could be the prerequisite to one.
- While you’re paying down your balances during the interest-free period, you can take advantage of the free tools that help you manage your credit. The Slate card offers Chase Slate Blueprint, a unique payment management tool you can use to help keep track of your finances and better manage your payment options.There are four plans available, and you can set up as many as you want. Full Pay allows you to select certain categories that you would like to pay off in full each month, such as groceries and utilities. With Split, you can designate a large purchase that you would like to pay off in your preferred timeframe. Finish It is a tool that allows you to focus on a selected amount of your ongoing balance that you want to pay down, and the tool will create a payment plan specifically for that amount. Lastly, the Track It budget tool keeps you focused on your spending patterns and the progress you’re making towards your goals.
- Since the Chase Slate has no annual fee, there is no reason to cancel the card. In fact, if you’re just starting out, holding on to the card can help you establish your credit history, a factor that is looked at in determining your credit score.You’ll also have ongoing access to your free Credit Dashboard tool to view your monthly FICO credit score. Additionally, the Credit Dashboard provides a credit report summary and helpful information to help manage your credit including information for understanding the five main factors that drive your credit score.
- The main reason you would want to transfer your credit card balances is to put a stop to paying high interest rates on your balances. Because you pay no fee to transfer balances to the Chase Slate Visa during the first 60 days as a cardholder, and you’ll pay 0% APR for the first 15 months, you’ll save substantially on interest charges you would have otherwise incurred. Be aware that you cannot transfer credit card balances from other Chase credit card accounts to the Slate card.
Other No-Fee Chase Cards
All of the cards below are issued by Chase and have no annual fee. Each of the cards have merit, but Chase’s rule of opening no more than five credit cards in the past 24 months should be considered when determining which cards to apply for.
|AARP® Credit Card from Chase||Amazon Rewards Visa Signature Card|
|20,000 points||0 cashback||0 Reward Dollars®||0 points|
APR On Purchases
|17.24% to 23.99% Variable±||15.99% to 24.74% Variable±||16.99% Variable±||15.24% to 23.24% Variable±|
Second Year Value
If you’re looking for a no annual fee card to earn rewards but plan to carry a balance on your credit card statements each month, you might first consider the Chase Slate Visa for the purpose of eliminating those high-interest balances in a cost-effective manner. The reason is that the value of any rewards you earn would be wiped out by interest charges incurred for carrying a monthly balance. If you’re ready for a rewards card and plan to pay off the balance each month, there are several options. If you’re an avid Amazon shopper, you’ll earn 3 percent back on those purchases, 2 percent on gas and restaurants, and 1 percent on all other purchases with the Amazon Rewards Visa Signature Card.
Disney fans might consider the Disney Rewards card to earn points that can be used to fund Disney-related purchases. While the card does come with Disney perks and discounts, and 6 months of interest free financing of Disney adventures, its earning potential is weak with only one Disney cent earned for each dollar spent on the card. You’ll do better with any 2 percent cashback card and end with double the dollars to spend at Disney.
Both the Amazon and Disney cards offer a $50 sign-up bonus that can only be used on Amazon and Disney, respectively.
When it comes to comparing redemption options, the AARP card is a clear winner. While the Amazon Rewards Visa allows redemptions only on Amazon and the Disney Rewards card only at Disney, the AARP card offers a better redemption choice as it gives you real cash back. It also gives you a 10 percent discount when redeeming rewards for travel. You earn 1 percent cash back for every dollar spent on all purchases and 3 percent back for gas and at restaurants.
With a current offer of a $200 sign-up bonus for spending $500 in the first three months of card approval and no annual fee, the card is a better choice for those who want solid earning potential, flexible redemption options and discounted travel.
Compare the Chase Slate Visa to Other Cards
If you have existing credit card debt and you’re looking to transfer your high-interest balances, the Chase Slate Visa and the BankAmericard Cash Rewards card all facilitate getting the job done with introductory zero-fee balance transfers. All of these cards offer a 0% APR for a limited period of time, which is convenient for paying down balances.
If you’re transferring balances in order to take advantage of a 0% interest period to pay off your credit card debt, you’ll want to select a card that gives you sufficient time to do so with no interest charges. If this is your priority, the Chase Slate Visa will suit you well with both a 15-month 0% APR and 60 days of fee-free balance transfers.
The BankAmericard Cash Rewards card offers the shortest repayment period with only 12 billing cycles of 0% APR.
For those who want to transfer a balance, subsequently pay it off in 12 billing cycles, earn rewards and are able to manage additional expenditures and payments, the BankAmericard Cash Rewards card could be a good match. It earns at least 1 percent cash back for every dollar spent, 2 percent for groceries and at wholesale clubs and 3 percent for gas.
While earning cash back is positive, if you’re struggling with credit card debt and trying to pay it down, you’ll need discipline to manage ongoing monthly expenditures and payments. For the consumer who is focused on paying down debt while doing it cost effectively and learning how to build a better credit foundation, the Chase Slate Visa credit card is a great option.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
While it’s easy to focus on the benefits offered by the Chase Slate Visa credit card, it’s worth taking a closer look at the terms and conditions. There’s a lot to consider as you think about how you’re going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Visa card.
- Intro APR:
- 0% Intro APR for the first 15 billing cycles that your Account is open
- Minimum Grace Period:
- 21 days
- Ongoing APR:
- 15.99% to 24.74% Variable±
- Intro APR for balance transfers:
- 0% Intro APR for the first 15 billing cycles that your Account is open
- Extended Warranty Protection:
- This benefit extends the length of an eligible warranty by one year. Limited to warranties of 3 years or less.
- Purchase Protection:
- Eligible card purchases receive 120 days coverage for damage or theft. There’s a limit of $500 per claim and $50,000 per account.
Cash Advance Features
- Ongoing APR:
- 25.99% Variable±
- Cash Advance Fee:
- Either $10 or 5% of the amount of each transaction, whichever is greater
Security and Protections
Have peace of mind knowing your Slate card account is being monitored by Chase. You’ll be alerted of unusual activity, and you won’t be held liable if such transactions occur. An extra layer of security is always present because your card is embedded with EMV chip technology.
- Fraud Monitoring:
- Chase provides real time fraud monitoring of your account.
- Fraud Alerts:
- Be notified of unusual activity by text, phone or email.
- Zero Liability:
- You’re never held liable for unauthorized purchases.
- EMV Chip-Embedded Card:
- The embedded chip produces a single use code which provides an extra level of security when using your card in chip-enabled readers.
The Chase Mobile App lets you keep track of your Slate credit card account on your smart phone. Mobile banking is a convenient way for you to check transactions, set alerts, make payments on the card and monitor your account while traveling.
- Digital Payments:
- The Slate card can conveniently be used with Apple Pay, Android Pay and Samsung Pay.
- Chase Mobile Banking:
- Download the app to your smart phone and be able to access your account on the go.
Additional Cardholder Benefits
The Chase Slate card comes with the basic Visa travel benefit of rental car coverage.
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Theft and collision coverage is offered as secondary coverage to your personal auto insurance for domestic rentals. For auto rentals abroad, the theft and collision coverage benefit is primary.