Chase Slate® credit card review

How to apply for the Chase Slate® credit card

1. Go to the Chase website and click Apply Now.
2. Complete the application with details like your name, address, annual income and Social Security number.
3. Review and submit your application.

How long will it take to be approved?

Because conditional approval is automated on the Chase website, you’ll often get a decision within minutes. If your application requires more information, may wait a few days to a few weeks to receive a response.

The perks

• ANNUAL FEE: None.

  A $0 annual fee makes it easy to keep the card long term. It’s an especially nice benefit when you’re trying to make balance transfers inexpensively.

• INTRO APR: 0% for the first 15 months on purchases and balance transfers.

  This is a strong introductory APR, one that can help you pay off your debt more easily. After the intro APR, you’ll have a 14.99% to 23.74% variable APR.

  If you want a longer intro APR, consider a product like the Citi Simplicity® Card. It offers a 0% intro APR for the first 18 months on balance transfers and 18 months on purchases. After that, it has a 14.74% to 24.74% variable APR.

• No balance transfer fees for the first 60 days.

  Normally, the Chase Slate® credit card comes with a balance transfer fee — the greater of $5 or 5% of each transaction. But for the first 60 days after you open your account, you’ll pay no fees on your transfers.

  This uncommon perk elevates the Chase Slate® credit card to one of the best balance transfer cards on the market.

You’ll also like …

• Get your FICO score for free.
  

  Chase updates your FICO score monthly, which you can check though your online dashboard.

• No penalty APR.

  Some banks raise your APR — often to 29.99% — after your first late payment. Chase doesn’t impose this penalty APR for the Chase Slate® credit card.

• Purchase protection.

  When you make an eligible purchase with your Chase Slate® credit card, it’s covered against damage or theft for 120 days. Get up to $500 per claim and up to $50,000 over your lifetime.

What to watch out for

• Intro APR expires after 15 months.

  If you don’t pay off your card balance in this time, it accrues interest at the ongoing rate of 14.99% to 23.74% variable.

• Potentially high ongoing APR.

  Depending on your credit, you may be given a variable purchase and balance transfer APR as high as 23.74%. The average credit card APR is around 16%.

• Higher cash advance APR.

  Cash advances come with a 24.99% variable APR.

• No grace period on cash advances or balance transfers outside of intro APR period.

  Purchases come with a grace period — that is, you’ll have at least 21 days after the close of the billing cycle to pay off your balance before accruing interest. This isn’t the case with cash advances or balance transfers outside of the intro APR period: You’ll start accruing interest on them immediately.

Does the Chase Slate offer rewards?

No. The Chase Slate® credit card does not offer rewards such as points or cash back and isn’t marketed as such when available. Instead, the Chase Slate is intended as an intro APR card, offering a strong intro APR on purchases and balance transfers, as well as an intro offer on balance transfer fees. This makes the card a useful, flexible option for saving money on interest whether you’re consolidating existing debts or making several large purchases.

Can you get a balance transfer card with rewards?

Yes, you can. However, balance transfer cards that feature rewards generally doesn’t offer the longest intro APR you’ll find. Most cards follow this pattern: Either a product will shoot for the moon on the intro APR or offer a merely solid intro APR paired with rewards.

One such example is the Citi® Double Cash Card. It offers 1% cash back on all purchases and another 1% back when you pay them off — a stellar rewards rate. At the same time, it offers an excellent intro APR: 0% on balance transfers for 18 months following your account opening. After that, your APR is 13.99% to 23.99% variable.

How does a balance transfer work with this card?

• 1. Apply for the card.

  You can make a balance transfer when you open your credit card, or request one later.

  You’ll need the account number of your existing balance. You’ll also need personal information like your income, employment details and Social Security number.

  For the first 60 days after you open your card account, you’ll pay no balance transfer fees. After 60 days, you’ll pay a fee of $5 or 5% of each transfer, whichever is greater.

• 2. Check for balance transfer time limits.

  For the Chase Slate® credit card, you get a 0% intro APR for 15 months on balance transfers. Then you get 14.99% to 23.74% variable APR.

  There may be a time limit by which you need to make your transfers to qualify for the intro APR. Call a Chase representative if you have questions.

• 3. Keep track of your balance transfer details.

  If your balance transfer qualifies, you pay 0% APR on the balance for 15 months.

  This is an introductory APR. As long as you pay off the balance within 15 months, you won’t pay interest. If you still have a balance after that time, it accrues interest at a variable APR of 14.99% to 23.74% variable.

What should I know before I apply?

To apply for the Chase Slate® credit card, you must be at least 18 years old.

If you live in Alabama or Nebraska, you must be at least 19 years old. If you live in Puerto Rico, you must be at least 21.

Information you’ll need

• Your name, residential status and residential address
• Your Social Security number and date of birth
• Your email address and phone number
• Financial information like your annual income, the source of your income and your employment information

What credit score do I need?

You’ll have a better chance of approval for the Chase Slate® credit card if you apply with a good to excellent credit score of 670 or higher.

Chase Slate® credit card reviews and complaints

Cardholders generally like the Chase Slate® credit card‘s intro APR, though some think the card isn’t as useful after that rate expires. Some customers say they’ve had trouble getting approved for large credit lines, which dampened the appeal of a balance transfer.

JPMorgan Chase Credit Card is not accredited with the Better Business Bureau but it has an A+ rating and a composite score of 1.18 out of 5 stars based on 229 customer reviews as of October 2020. Most customer complaints revolve around poor customer service and hidden costs Chase credit cards in general. Make sure you read your card’s terms and the rewards agreement to avoid issues with your account.

As of October 2020, Chase earns a Trustpilot score of 1.3 out of 5. Most negative reviews cite slow responses to fraud complaints and less-than-helpful customer service. Positive reviews cite the bank’s great mobile app and quick resolutions to their issues. Overall, your mileage may vary with Chase customer support.

I got the card. Now what?

• Make timely payments. Pay your card bill online at the Chase website, where you can enroll in autopay.
• Avoid interest. After the close of each billing cycle, you have a grace period of at least 21 days to pay your balance. If you do, you won’t pay interest on your purchases.
• Avoid fees. Late and returned payments come with fees of up to $39. The cash advance fee is $10 or 5% of the amount of each transaction, whichever is greater.
• Contact customer service. If you have questions, contact Chase Credit Cards support at 1-800-432-3117.

Compare other balance transfer cards

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Name	Product	Amount saved	Balance transfer APR	Balance transfer fee	Recommended minimum credit score	Filter values
Citi® Diamond Preferred® Card			0% intro for the first 18 months (then 14.74% to 24.74% variable)	$5 or 3% of the transaction, whichever is greater	670		An impressive 18 months intro APR on balance transfers and purchases, as well as no annual fee make this one of the top 0% APR cards available.	Apply now View details	Compare	loading Fetching your data...
Citi® Double Cash Card			0% intro for the first 18 months (then 13.99% to 23.99% variable)	$5 or 3% of the transaction, whichever is greater	670		Get a strong 18 month 0% intro APR on balance transfers AND up to 2% back. This is a rare card that offers both rewards and balance transfers.	Apply now View details	Compare	loading Fetching your data...
TD Cash Credit Card			0% intro for the first 15 months (then 12.99%, 17.99% or 22.99% variable)	$5 or 3% of the transaction, whichever is greater	680		3% on dining and 2% on groceries make this a valuable card for food purchases. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT	Apply now View details	Compare	loading Fetching your data...

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Bottom line

The Chase Slate® credit card doesn’t offer rewards or fancy perks. Instead, it goes all-in on one thing: it’s an excellent card for balance transfers. With no annual fee, a strong intro APR and a promo offering no balance transfer fees, it succeeds in convincing fashion.

Frequently asked questions

• Why doesn't the credit card offer rewards?

  When credit cards offer market-leading intro APRs — such as the Chase Slate® credit card‘s 0% intro APR for 15 months — they tend not to offer many bells and whistles. If you want rewards, you’ll typically have to live with a shorter intro APR.

• What is a penalty APR?

  A penalty APR is an interest rate assessed to your account for specific infractions, like late or missing payments. Some banks assess penalty APRs of up to 29.99% if you make just one late payment. Penalty rates often last for six months or longer.

• Does Chase offer a mobile app?

  Yes. Use Chase’s free mobile app to access your account, track your spending, see your current balance and pay your bills.

Images: chase.com