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Compare Credit Cards: Chase Slate vs. Citi Simplicity

Balance Transfer Credit Cards, Credit Cards
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Chase Slate vs. Citi Simplicity: The Ultimate 0% Introductory APR Showdown
Want a credit card that gives you a long introductory APR of 0%? Enter the Chase Slate® and Citi Simplicity® Card - No Late Fees Ever: the best 0% introductory APR cards on the market for balance transfers and purchases, respectively. Let’s dive in and figure out which card is best for you.
At a glance
Chase Slate

Citi Simplicity

Annual fees $0 $0
Balance transfer fee $0 for transfers made in the first 60 days 3%, or $5, whichever is greater
0% APR period 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 15.99% - 24.74% Variable APR 0% on Purchases and Balance Transfers for 21 months, and then the ongoing APR of 14.99% - 24.99% Variable APR
Rewards program None None
Who would want each card?
Good for:
  • Someone who doesn’t want to pay a balance transfer fee
  • Someone who needs assistance creating a debt payoff plan
  • Someone who occasionally misses payments
  • Someone who needs a 0% card for purchases, not balance transfers
Bad for:
  • Someone who tends to make late payments
  • Someone who wants to avoid balance transfer fees

Chase Slate® vs. Citi Simplicity® Card - No Late Fees Ever: The basics

The Chase Slate® boasts an unheard of $0 balance transfer fee on transfers made within the first 60 days of account opening, while the Citi Simplicity® Card - No Late Fees Ever offers one of the longest 0% introductory APRs in the industry. Neither card offers rewards, but that’s because they’re primarily for balance transfers and 0% interest on purchases.

Chase Slate® vs. Citi Simplicity® Card - No Late Fees Ever: Balance transfers

Both cards offer long introductory APRs of 0% on purchases and balance transfers, but the Chase Slate® is the better option for the latter. You won’t pay a balance transfer fee on any transfers made within the first 60 days of account opening, which is rare because most balance transfer cards charge a 3-4% fee.

You may think that the Citi Simplicity® Card - No Late Fees Ever is a better deal if you need a longer time to pay off your debt balance, but the Chase Slate® might still be your best bet.

Say you’re going to transfer a debt of $5,000, and you plan to pay $240 a month, which will eliminate the debt within 21 months. With the Citi Simplicity® Card - No Late Fees Ever, you wouldn’t pay any interest, but you’d pay the 3% transfer fee, which comes to $150. With the Chase Slate®, there’s no transfer fee. Once the introductory rate expired, you’d begin accruing interest — but the total amount of interest you’d pay over the remaining months would be far less than $150. Even paying interest toward the end of a balance transfer is cheaper than the typical balance transfer fee.

Chase Slate® vs. Citi Simplicity® Card - No Late Fees Ever: Other fees

On the other hand, the Citi Simplicity® Card - No Late Fees Ever doesn’t penalize you for making a late payment. You’ll enjoy the perks of a $0 annual fee, no late fees and no penalty APR, ever. This means if you consistently make your payments late, you won’t be penalized with fees or an increased interest rate. That said, we do encourage you to make all of your payments on time — it’s a good habit to get into.

Chase Slate® vs. Citi Simplicity® Card - No Late Fees Ever: Additional perks

The Chase Slate® comes with Blueprint, an online program that helps card members create a debt payoff plan and prioritize paying off certain purchases over others. The card also comes with price, purchase, and extended warranty protection.

  • Price protection reimburses you the difference in price if a card purchase goes on sale within 90 days. This is capped at $500 per item and $2,400 per year.
  • Purchase protection reimburses you if a new purchase is damaged or stolen within 120 days. This is capped at $500 per item and $50,000 per account.
  • Extended warranty protection extends eligible warranties of three years or less by an additional year.

The Citi Simplicity® Card - No Late Fees Ever offers Price Rewind, an online service that tracks your covered purchases and refunds you the difference if an item you purchase goes on sale at a lower price within 60 calendar days. This benefit is capped at $500 per item and $2,500 per year.

The bottom line: Should I get the Chase Slate® or Citi Simplicity® Card - No Late Fees Ever?

If you need a balance transfer to help you pay off existing debt, go with the Chase Slate®. If you need a longer time to pay off a major purchase and don’t want to be penalized if you miss a payment (or three), the Citi Simplicity® Card - No Late Fees Ever is better.

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