Chase Slate: A Good Credit Card Just Got Even Better

Chase Slate: A Good Credit Card Just Got Even Better

April 27, 2015         Written By John H. Oldshue

The Chase Slate credit card has always been rated as one of the top balance transfer cards on the market. But a number of the enhancements made to the card in March of this year make it one of the industry’s most attractive credit cards

Chase has added an EMV chip well ahead of the October 2015 deadline. This strengthens the card’s security at a time when consumers are very concerned about the rash of recent data breaches. It also helps with using a credit card in Europe where many card terminals only accept cards embedded with chips.

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Secondly, Chase has joined Discover, Barclaycard, Citi and Capital One in providing Slate cardholders with free access to their credit scores. The Chase Slate card gives consumers their FICO score. This is a very useful way to keep track of your credit worthiness.

But Chase is taking this one step further than other issuers. They are giving their customers access to a Credit Dashboard, a visual of how their credit score has changed over a 12-month period of time. And to help these cardholders improve that score, Chase will also give detailed information on what factors are going into their credit report so they can work to increase their credit worthiness. Since so much of our financial life is dictated by the credit score, any tool to help increase that score can be very beneficial.

These enhancements to Chase Slate do not come at the expense of any of the card’s existing attributes. Let’s review those:

* No Balance Transfer Fee. What has always made this card stand out is that there is no balance transfer fee on the amount you transfer if you make that transfer during the first 60 days of being an account holder. The typical balance transfer fee is 3%, so if you are transferring $5,000 onto the Chase Slate card, you’re saving $150 compared to the typical credit card. That makes good financial sense. After 60 days, the balance transfer fee is 3% of the amount transferred with a $5 minimum fee.

* Strong Introductory Offer. The Chase Slate offers new consumers a 0% APR on both balance transfers and purchases during the first 15 months of card ownership.

* Reasonable Interest Rate. When compared to other credit cards on the market, the APR on the Chase Slate is very competitive, ranging from 12.99% to 22.99%, depending on your credit worthiness.

* No Annual Fee. Many cards waive the annual fee during the first year, but the Chase Slate card never assesses an annual fee.

* Fraud Protection. Chase offers a zero liability policy on any charge made if your credit card number is ever stolen and used in fraudulent transactions.

* Blueprint Program. Blueprint is a combination of tools that assists Chase cardholders in managing their debt and reducing interest charges. You can set a target date for paying off your entire balance, and Blueprint will provide a monthly payment amount which helps you reach that goal. Blueprint also allows cardholders the change to reduce interest charges by paying some purchases in full while carrying a balance on other transactions.

The card is geared to people that have credit card debt and may need to transfer that balance to Chase Slate. For this reason, the card does not offer any rewards program. People concentrating on paying off their debt should be most concerned with paying that debt as quickly as possible rather than earning any kind of rewards for their purchases.

The Chase Slate has been deemed the “Best Credit Card for Balance Transfers” for two years in a row by Money Magazine. With these latest enhancements, expect the card to take home that award for the third consecutive year.

The information contained within this article was accurate as of April 27, 2015. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.