The article concerns the question – Is Slate From Chase The Best Card For You. Watching television last night, there were about a dozen credit card commercials.
Each one sounded like a solid product that would enhance any user’s wallet and might even raise them to rock star status while they shop.
Of course, that is the purpose of those commercials and that is why reviews of these cards are necessary. Here is a quick look at the Slate card from Chase so that you can determine if it is the right card for you.
Chase Slate Card Advantages
Let’s start with the main advantages that the Slate card offers new holders:
- No balance transfer fees. The card offers a zero percent APR for 15 months on balance transfers in addition to the lack of fees. Other cards charge at least 3 percent of the transferred amount. The catch to this benefit is that it is only good on balances transferred within the first 60 days. If you are hoping to pay down your credit card debt, the 60 day window should not be an obstacle.
- There are no annual fees. That is a great help if you are planning to leave a card with an annual fee. You could save $75 or more a year.
- No interest will be charged on new purchases during the first 15 months.
- You get access to Chase’s financial tool Blueprint. This tool gives you the flexibility to pay some items in full, but carry a balance on others. Another aspect of Blueprint allows you to set goals so that you can pay off your balance more quickly.
Chase Slate Card Disadvantages
Of course, it wouldn’t be fair to tell all the good points without mentioning that there are downsides to the card:
- This card does not offer rewards. Of course, the zero percent interest for 15 months will allow you time to pay down your debt, thus, creating an incidental reward.
- The interest rate that you will face after the introductory period is a bit uncertain. You could face 11.99, 16.99, or 21.99 percent depending on your credit score and you will not know until the account is officially open.
- Should you travel outside of the U.S., you will have to pay 3 percent on all purchases. Most travel rewards cards waive this fee.
This card has many good qualities and should appeal to a wide variety of customers. It is best suited for a holder who is interested in using a balance transfer as a way to pay down their debt and then keep it down.