If you’d like to repay your credit card debt faster and avoid paying interest on high balances, consider transferring your debt to the Chase Slate®. At no cost you may receive 15 months with a 0% APR and no fees to pay down your debt.
Best way to use the card
The Chase Slate® credit card is one of the best balance transfer offers out there. It has a long 15-month introductory period with a 0% APR on balance transfers. And if you transfer a balance within 60 days of account opening, you can avoid paying a balance transfer fee as well.
While the promotional offer looks generous, regular balance transfer conditions are rather standard – a variable APR of 15.99% - 24.74% and rather high balance transfer fee equal to 5% or $5 whichever is greater. So be sure you make the most of the introductory period.
This card may have an impressive credit limit but remember that you cannot transfer a balance higher than $15,000 or your credit limit whichever is lower. Also bear in mind that it is never possible to transfer balances between different Chase accounts.
To qualify for the Chase Slate®, you should have a good to excellent credit score. Also, while considering your application, Chase pays attention to accounts in collection listed on your credit report.
Costs and rewards
The card has no annual fee and a promotional 0% APR offer on purchases and balance transfers. Other fees or regular APRs depend on your creditworthiness.
There is no rewards program available to Chase Slate® cardholders. However, it’s rather an advantage than a downside. You normally shouldn’t use the same card for both purchases and balance transfers since it may lead to unexpected charges because of APR differences.
The bottom lineThe Chase Slate® may provide you with a 15-month period free of any interest. Transfer your high-interest balances to this card and make the most of this marvelous opportunity to pay down your debt.
Save on interest while repaying your debt with the Chase Slate® credit card.