Overview

The Chase Slate card is ideal for anyone who needs a financial breather. It has a generous 0% APR on balance transfer that lasts for 15 months. What it lacks in flashy rewards or cash back programs, it more than makes up in no balance transfer fees, which is rare even among balance transfer credit cards.

Who Is the Chase Slate Card Designed For?

The Chase Slate card is a good choice for people with good or excellent credit who have piled up a significant amount of high-APR credit card debt or who want to make substantial purchases over the next year or so. That's because it is one of the few credit cards that does not impose a balance transfer fee for transfers made during the first 60 days after opening an account. Another big advantage is that the introductory 0% APR applies to both balance transfers and new purchases.

Are There Annual Fees?

There are no annual fees for the Chase Slate card.

Does the Chase Slate Card Offer Rewards?

There are no rewards programs associated with the Chase Slate card. Nonetheless, cardholders enjoy a number of perks, including Fraud Alerts and Zero Liability Protection to guard against unauthorized transactions. Purchase Protection protects purchases of up to 500 dollars against damage or theft for 120 days, with a generous limit of 50,000 dollars per card account.

Are There Foreign Transaction Fees on Chase Slate Card?

Foreign transactions are charged a 3% fee, payable in US Dollars.

Are There Late Payment or other Penalty Fees?

Returned payments are charged $37. Late payments on balances up to $100 are charged $15; late payments on balances less than $250 are charged $27; late payments on balances of $250 dollars or more are charged $37. Cash advances are charged $10 or 5% of the transaction, whichever is greater.

Summary

Many entrepreneurial ventures are bootstrapped using credit cards – the Chase Slate card is a not-bad choice, if you can pay off your debt within the 15 month 0% APR period. Likewise, if you need to pay down debts on high-APR credit cards or want to make a big-ticket purchase, the Chase Slate offers a great deal. Just make sure you can pay it off before the regular APR kicks in and you don't miss any minimum payments. You can easily wipe out any savings you made in late and returned payments.