Review of the Chase Slate Visa Credit Card (2017)

Looking to make a balance transfer? The Chase Slate credit card is one of your best options out there.

There are actually a lot of balance transfer credit cards out there. You may have noticed this when you conducted a Google search and found list upon list of them. Fortunately reviewing them all run down to these 2 main categories:

  1. Length of 0% APR on the balance transfer
  2. Fee on the balance transfer

Here’s what the Chase Slate offers:

  1. Pay no balance transfer fee when you transfer a balance during the first 60 days your account is open.
  2. 0% intro APR for 15 months on purchases and balance transfers from account opening.

What’s this card’s main competitor? The Citi Simplicity credit card. Which offers 21 months 0% APR on purchases and balance transfers, but charges a 3% fee (or $5 whatever is higher) on balance transfers.

So is the Chase Slate better than it’s main competitor?: Only if you can pay off your entire balance in 15 months. You will not pay any balance transfer fees if you meet the introductory requirements, but in exchange you have 6 less months to pay off your debt. It’s a trade off you will have to consider if you hold a large amount of credit card debt.

One thing to note though: You will not be approved for the Chase Slate if you have opened 5 or more credit card accounts in the past 24 months (aka Chase’s 5/24 rule). Citi on the other hand does not have the same rule for it’s credit cards, so you may be rejected because of this rule.

Read more about 5/24 here:

http://onemileatatime.boardingarea.com/2017/07/25/the-chase-524-rule-explained/

Apply for the Chase Slate here: https://creditcards.chase.com/credit-cards/chase-slate

Tags: Chase Slate Credit Card Review, Balance Transfer Credit Cards 2017, Best Balance Transfer Credit Cards, No Balance Transfer Fees, Chase 5/24 Rule

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