Chase Slate® Review: A 0% Intro APR Card to Help Pay Off Debt Faster

Chase Slate® can be a solid credit card option for fee-wary cardholders wanting to chip away at their debt balances. The card's most notable perk is its $0 intro balance transfer fee for transfers made within 60 days, plus its long 0% intro APR on balance transfers and purchases. Here’s a deeper dive on Chase Slate® to help you understand if the card is a fit for your needs.

This offer is no longer available. The information for the Chase Slate® has been collected independently by The Motley Fool. The card details on this page have not been reviewed or provided by the card issuer.

Chase Slate®

Chase Slate®

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Best for: $0 intro balance transfer fee Chase Slate®

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Chase Slate®
Our Bottom Line

The balance transfer fee waiver is becoming more rare among competing cards, which have removed this valuable perk. We suggest taking advantage while you can.

Credit Rating Requirement: good

  • $0 Intro balance transfer fee for the first 60 days your account is open. After that, the fee for future transactions is 5% of the amount transferred with a minimum of $5.
  • 0% Intro APR for 15 months on purchases and balance transfers. After that, 16.74% - 25.49% variable APR.
  • See monthly updates to your FICO® Score and the reasons behind your score for free
  • No Penalty APR – Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee

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What we like about Chase Slate®

0% intro APR – The card includes a 0% intro APR spanning 15 months for purchases and balance transfers. We Fools always encourage smart use of credit, and transferring balances to a 0% intro APR card can help avoid costly interest charges. In fact, paying off a $5,000 balance over 15 months will cost a whopping $620 in interest charges at an 18% APR. 

No annual fee – Credit cards packed with valuable features generally charge higher fees or APRs. Chase Slate® balances this relationship well by not charging an annual fee.

$0 balance-transfer fee – Chase Slate® incentivizes cardholders to pay down debt faster, and one way it does so is by slashing fees. Chase Slate® waives balance-transfer fees during the first 60 days, whereas the standard practice is to charge a percentage of the amount transferred or a flat-dollar amount, whichever is greater. After 60 days, balance-transfer fees kick in for any additional transfers, and Chase Slate® charges 5% ($5 min.).

FICO® Score for free – Chase made the right move by providing Chase Slate® cardholders with access to a FICO® Score for free. Tracking and building your credit score are two of the most powerful weapons you have to improve your financial well-being. A good score can help you land some of the best mortgage rates and credit card offers. 

What could be improved

Rewards and sign-up bonus – Chase Slate® doesn’t offer potentially lucrative new cardholder bonuses or rewards, whereas other balance-transfer cards with similar 0% intro APR offers and no annual fee do, including other Chase cards (more on that below).

Longer 0% APR promo - While 15 months is a long promo period, we must mention that some other cards offer longer promos. Note, these cards also don't offer a $0 balance-transfer fee.

How to best use this card

  • Be sure to transfer high-interest balances during the first 60 days to avoid balance-transfer fees, which will later cost $250 for a $5,000 transfer with Chase Slate®.
  • Leverage free access to your FICO® Score. This is a huge value! In fact, myFICO charges upwards of $350 per year to receive, track, and monitor your comprehensive credit history.
  • While the card does include a 0% intro APR for purchases, the card doesn't earn rewards. This reduces the value of the promo APR and highlights the fact that Chase Slate® may be best viewed as a pure balance-transfer credit card used to pay off existing debts, not piling on more debt when making more purchases.

Final take

Chase Slate® pulls no punches. The credit card was designed from the ground up to help indebted borrowers pay down debt faster with interest- and fee-free balance-transfer promos. Waiving balance-transfer fees is highly valuable, which we think amps up the value of Chase Slate® for cardholders focused on paying down debt balances, not paying fees. If that sounds like you, Chase Slate® is may be one of the best options we've come across.