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Compare Credit Cards: Chase Slate vs. Citi Simplicity

Dec. 19, 2014
Balance Transfer Credit Cards, Credit Cards
Chase Slate vs. Citi Simplicity: The Ultimate 0% Introductory APR Showdown
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This offer is no longer available

The Chase Slate® is no longer available on NerdWallet. See NerdWallet’s best low interest and 0% APR credit cards.
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: some of 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 5%, or $5, whichever is greater
0% APR period 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.49% - 25.24% Variable APR 0% on Purchases for 12 months and 0% on Balance Transfers for 21 months, and then the ongoing APR of 15.99% - 25.99% 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 a longer 0% introductory APR. 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 3-5% 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® will likely save you more money in the long run.

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.

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.

Information related to the Chase Slate® has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.

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