In a perfect world, we would only charge to our credit cards the amount we could afford to pay off each month. But the world isn’t perfect. Enter the Chase Slate®, the balance transfer credit card to end all balance transfer credit cards. Here’s why you should get the Chase Slate® today.
Chase Slate®: Balance transfers were never this affordable
The Chase Slate® is the Cadillac of balance transfer credit cards. It offers the elusive $0 balance transfer fee on all transfers made in the first 60 days. Any future transfers after the 60 days will incur fees of 5%, or $5, whichever is greater.
While the card’s introductory APR offer isn’t the longest in the industry, it’s generally more economical to forgo the fee and pay the minimal interest on the balance remaining when the introductory rate expires.
Before applying to the Chase Slate®, here are two caveats to keep in mind:
- The amount you transfer (including fees and interest) can’t exceed $15,000 or your credit limit, whichever is lower.
- You can’t transfer debt from another Chase account.
Need help creating a debt payoff plan?
The Chase Slate® comes with Blueprint, an online program that allows you to create a personalized plan for paying off your debt. You can track your progress online and choose which items you pay in full when you make a payment. For instance, if you’re working on paying off debt but still using your credit card for daily purchases, you can choose to pay off your new purchases in full right away and slowly pay down your original transferred balance.
You can also use Blueprint’s Track It program to view your spending history and track spending trends. If your spending habits leave much to be desired, you can set spending goals and track your progress.
The hits keep coming: More perks of the Chase Slate®
The Chase Slate® has price, purchase and extended warranty protection. Price protection reimburses you the price difference when you purchase an item that goes on sale within 90 days, limited to $500 per item and $2,400 per year. Purchase protection reimburses you when your newly purchased items are damaged or stolen, limited to $500 per item and $50,000 per account. The extended warranty adds an additional year to qualifying manufacturers’ warranties of three years or fewer.
Bottom line: If you need to pay off existing credit card debt but want to minimize interest charges, the Chase Slate® is for you. Its waived balance transfer fee is unheard of in the industry, and Blueprint is a helpful tool to pay down your credit card debt quickly and efficiently.
Information related to the Chase Slate® has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.
Woman reflecting image via Shutterstock