If you are look to consolidate your outstanding credit card bills and you have good to excellent credit, than the Chase Slate® Card is one of the best options out there. When thinking of the best balance transfer credit card the main factors to consider are, duration of 0% APR on the amount that is transferred, and the amount you will pay in the form of a balance transfer fee. Some people will also take into consideration the duration of the 0% APR on new purchases, but you need to always remember that you are getting a balance transfer credit card to pay off existing credit card debt, not to accumulate more of it. So view the Chase Slate card as your ticket to becoming debt free and getting more out of your hard earned money.
Chase Slate: 0% APR Period on the Amount that is Transferred
The Chase Slate card offers 0% APR for 15 months on the existing credit card balances that you transfer over. This will give you plenty of time to get your finances in order and come up with a plan to pay off your debt so that you can get back to enjoying more from your money than paying interest.
If you are really interested in the intro rate for new purchases you will also get 0% APR for 15 months on this as well. Just make sure that you have all of it paid off by the time the 0% APR rate ends so that you don’t end up in the same situation that you were before.
No Balance Transfer Fee
Most credit cards that allow you to transfer an existing balance over will require you to pay a fee of 3% of the amount that you transfer over. The Chase Slate® balance transfer credit card is one of the only cards that does not have a balance transfer fee. The only catch is that you have to make your balance transfer within the first 60 days of opening your account. After that you will pay a balance transfer fee of 3% on any other transfers that you make.
The Chase Slate credit card comes with no annual fee. You can also enjoy free access to your FICO credit score and see what the aspects are behind it. Lastly, if you miss your due date you get one free pass to pay it without the result of having your APR increase.
If you are looking to get back on track financially and to end the interest payments you are making on your current credit card(s) than this Chase credit card is a great option.
Still thinking whether or not a balance transfer card is right for you? Here are some more answers to some questions you might have.
1. What is a balance transfer credit card?
A balance transfer credit card allows you to transfer over an existing credit card balance over to a new card, where you will have a period of time to take advantage of a lower interest rate, which will help lower your payments and get you closer to being debt free. With the Chase Slate balance transfer card you will have 15 months of 0% APR to pay off your debt before a new interest rate kicks in, landing you in the same place you were before. So make sure to come up with a plan to pay off the entire balance before the 0% APR interest rate ends.
2. Whats the catch?
Balance transfer cards usually have a balance transfer fee that they charge on the amount that you are transferring over. So even if you pay it all off in time before the 0% rate ends they will still make some money. The Chase Slate is one of a few cards that does not charge a balance transfer fee. Which is why we think it is one of the best balance transfer cards available today.
Many balance transfer cards also come with 0% APR on all new purchases for a period of time as well. With the Chase Slate card you have the option of 0% APR on new purchases for 15 months as well. They want you to take advantage of this in the hope that you will move back to your old ways and still have a balance at the end of 15 months, so that when your new interest rate kicks in they can make money off of you that way.
3. Remember why you are getting a balance transfer card in the first place.
You are trying to become free from the debt you have accumulated on your credit card(s). Use your new balance transfer credit card to reduce your payments by eliminating the interest you are currently paying, and not to find an excuse to spend more because you have a grace period of 0% interest on new purchases. The money you are spending on interest can go towards much better things, and you worked hard for it so be sure to spend on the things you need. Check out our partnered Card Match program in the banner above and see if you have an offer for the Chase Slate card. Remember the program is free, there is no hard credit check, and you might be surprised to see what other offers you have available as well.