The offer mentioned below for the for the Chase Slate Edge℠ is no longer available.
Many people carry credit card debt on interest-bearing credit cards that can make it hard to pay off balances, but there's a way you can save on repayment: transfer your debt to a balance transfer credit card with no transfer fee.
No-fee balance transfer cards, such as the Chase Slate® Credit Card, can temporarily eliminate interest charges and waive balance transfer fees, allowing you to pay off credit card debt faster (and cheaper) than if you left it on your current card.
Below, Select reviews the Chase Slate Credit Card's benefits and fees, so you can decide if it's the right card for you.
Chase Slate Edge℠ review
- Intro APR
- Foreign transaction fee
- Credit score requirements
Intro APR
The Chase Slate card offers over a year to pay off debt with no interest charges for the first 15 months on purchases and balance transfers (then a 14.99% to 23.74% variable APR).
While most balance transfer cards charge a 3% to 5% fee per transfer, select few cards, like the Chase Slate, have no balance transfer fee. With no balance transfer fee on transfers made within 60 days of account opening, you can save a hundreds.
For instance, transferring a $5,000 balance to the Chase Slate will cost you nothing as long as you make the transfer within your first 60 days (after there is a 5% fee). With another balance transfer card, you may be hit with a $150 to $250 fee to transfer the same amount.
Foreign transaction fee
The Chase Slate is a no annual fee card that can help you get out of debt, but you won't want to use this card abroad. There is a 3% foreign transaction fee, so you should consider alternative cards when traveling outside the U.S., such as the Chase Sapphire Preferred® Card.
Credit score requirements
Similar to most balance transfer cards, the Chase Slate requires good credit or excellent credit (scores 670 or greater). Keep in mind, even if your credit score falls within the good or excellent range, there is no guarantee you'll be approved for the Chase Slate. Card issuers look at more factors than just your credit score, including income and monthly rent or mortgage payments.
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Bottom line
While the Chase Slate doesn't offer a rewards program, you can benefit from one of the most competitive balance transfer offers around. The card's intro $0 balance transfer fee can help you save hundreds compared to other cards, depending on the size of your transfer.
If you want to benefit from a 0% APR card that also offers rewards, consider the Citi Double Cash® Card. This card offers an intro rate of 0% for the first 18 months on balance transfers (after, 19.24% - 29.24% variable APR; balance transfers must be completed within four months of account opening). Plus, cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24. (see rates and fees)
And if you also want to finance new purchases, consider the Citi Simplicity® Card, which offers an intro rate of 0% APR for 12 months on purchases from date of account opening, plus no interest for 21 months on balance transfers from date of first transfer (after, 19.24% - 29.99% variable APR; see rates and fees) Balance transfers must be completed within four months of account opening. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Information about the Chase Slate Edge℠ has been collected independently by Select and has not been reviewed or provided by the issuers of the cards prior to publication.
