Credit Cards Credit Card Reviews

Chase Slate® Credit Card Review

overall rating
3.6

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Note: The Chase Slate Card is not currently available or accepting new applications on the Chase.com website. The following review covers the product as it was most recently offered but will be updated with the latest features, terms, and conditions should it become available again in the future.

The Chase Slate credit card aims to attract people looking to unload their high-interest credit card debt: It charges no APR for 15 months on balance transfers and no transfer fee made within 60 days of account opening. That 15 months of 0% APR also applies to new purchases. But the card doesn't have a rewards program, limiting its usefulness beyond the balance transfer and over the long-term.

Chase Slate®

Overall Rating
3.6
Chase Slate®
On Chase's Secured Site.
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Poor - Excellent
Regular APR (%) 14.99% - 23.74% variable
Annual Fee $0
INTRO BALANCE TRANSFER APR 0% for 15 Months
INTRO PURCHASE APR 0% for 15 Months
Balance Transfer Fee $0 intro fee for the first 60 days your account is open, then either $5 or 5%, whichever is greater.
Rewards Earning Rate This card does not offer a rewards program.
how this card stacks up
When compared among all balance transfer cards in our database:
Low Introductory Interest
Low Fees
Low Long Term Interest
Security/Customer Experience
Benefits
worst best

The Chase Slate® Credit Card is not one of our top rated balance transfer credit cards. You can review our list of the best balance transfer credit cards for what we think are better options.

Full Review of Chase Slate® Credit Card

Pros
  • Relatively long APR-free period for balance transfers and purchases

  • No introductory balance transfer fee

  • No penalty APR

Cons
  • No rewards or one-time offer

  • 3% foreign transaction fee

Pros Explained

  • Relatively Long APR-Free Period for Balance Transfers and Purchases: Like many credit cards, the Chase Slate card offers introductory APR terms. But, its generosity extends beyond the common 12-month mark, for both balance transfers and new purchases. You'll pay no interest on either for 15 months after the account’s opened. After that, the APR will be 14.99% to 23.74% variable, depending on your creditworthiness. With the 0% APR offer, you’ve have over a year to pay down high-interest credit card debt or finance a big purchase without having to pay interest charges.
  • $0 Introductory Balance Transfer Fee: Balance transfer fees, a percentage of the overall sum you're moving to a new card, can add a lot to your overall cost. The Chase Slate card has a strong advantage over other balance transfer cards; balances transferred within 60 days after opening an account incur absolutely no transfer fee. After the 60 days is up, you'll pay 5% of the amount transferred, with a minimum charge of $5. For example, let's say you had $5,000 in credit card debt. If you transferred that balance to the Chase Slate card, you'd normally have to pay $250—5% of the account balance—in balance transfer fees. But if you completed the balance transfer within the first 60 days of opening the account, you’d pay $0, a substantial savings.
  • No Penalty APR: If you miss a payment with the Chase Slate card, you won’t be subject to a penalty APR. Many credit cards will boost your APR indefinitely if you miss a payment, so this feature is a useful added benefit. 

Cons Explained

  • No Rewards or One-Time Offer: The Chase Slate doesn't have a rewards program or bonus. That's a big drawback, as there are many other balance transfer cards that offer valuable rewards and bonuses for new cardmembers. For example, the Quicksilver card from Capital One allows you to earn unlimited 1.5% cash back on every purchase you make. Plus, you'll get $150 as a cash bonus if you spend at least $500 within the first three months of opening an account. And, you'll still get an introductory 0% APR offer on purchases for 15 months, after which the regular APR is 15.49–25.49% variable.
  • 3% Foreign Transaction Fee: If you plan on traveling abroad, be aware that this card charges a 3% foreign transaction fee each and every time you make a purchase. During the course of your trip, that fee can add up, costing you hundreds over the length of your vacation. If you are going to be traveling outside of the United States, consider applying for a different credit card, like the Capital One Quicksilver Rewards Card, that doesn't charge a foreign transaction fee.

This Card is Best For

  • Avatar for Annual Fee Averse Persona
    Resists or refuses an annual fee on principle or due to cost
    Annual Fee Averse
  • Avatar for Balance Carrier Persona
    Tends to pay less than balance in full and so accumulates debt on card
    Balance Carrier

If you have high-interest credit card debt, completing a balance transfer with the Chase Slate credit card makes a lot of sense. It has no annual fee, and you’ll get 0% APR for 15 months, giving you over a year to pay down your balance without paying interest fees. And, if you complete the transfer within the first 60 days of opening an account, you won’t have to pay a balance transfer fee. 

To put that in perspective, consider that the average credit card balance in 2019 was $6,028, according to Experian. The Federal Reserve reported that the average interest rate on all credit card accounts assessed interest was 17.14%. If you had $6,028 in credit card debt on a card that charged 17.14% APR with a minimum monthly payment of $200, it would take you 40 months to pay off your debt, and you’ll pay $1,912 in interest charges.

If you transferred your balance to the Chase Slate card within the first 60 days of opening an account, kept the same minimum monthly payment, and qualified for 14.99% APR after the promotional offer ended, you'd repay your debt in 32 months (the initial 15 months at 0% APR and then an additional 17 months at 14.99% APR)—8 months ahead of schedule. And, you'd pay only $350 in interest, saving $1,562 vs. not taking advantage of the balance transfer opportunity.

However, the card offers little value after the introductory APR offer expires. The card has no rewards or notable benefits, so you're likely better off applying for another card once you pay off your high-interest credit card debt.

Standard Benefits

The card offers a few benefits, including: 

  • Free credit score: Like most card companies, Chase allows users to view their credit score for free.
  • Purchase protection: New purchases are covered for 120 days against damage or theft, up to $500 per claim and $50,000 per account.

Cardholder Experience

According to the J.D. Power Credit Card Satisfaction Study, Chase ranked fourth out of 11 card issuers in terms of customer satisfaction.

Chase's customer service is available via phone at 1-800-432-3117. You can also get help on Twitter by contacting @ChaseSupport, but make sure you don’t share account details or personal information in a public tweet. 

Once you have an account and sign in, you can also contact customer support through Chase's secure messaging system.

Security Features

Chase Slate offers some basic security features that are typical of most credit cards. Chase will monitor your account for fraudulent activity, and will send you alerts if there are unusual transactions.

Our Verdict

With a 15-month introductory 0% APR offer and $0 balance transfer fees on transfers completed during your first 60 days of cardmembership, the Chase Slate is an excellent choice if you're looking to transfer a substantial amount of credit card debt. Taking advantage of the introductory terms could help you save hundreds or even thousands of dollars, and give you a boost in clearing a big balance.

The 15 interest-free months are pretty competitive. Many balance transfer cards offer much shorter introductory periods. Still, a few others, like the Citi Simplicity card, offer periods as long as 18 months. 

The main drawback: Once the introductory period is over, the Chase Slate loses its competitive edge. It lacks the increasingly common rewards features that incentivize you to keep on using it. If you can keep your balance paid in full going forward you’re likely better off signing up for another credit card that offers miles, points or cash back on every purchase you make.

Compare This Card
See how this card compares to similar cards
CURRENT CARD
Chase Slate®
overall rating
3.6
Chase Slate®
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Poor - Excellent
Regular APR (%) 14.99% - 23.74% variable
Annual Fee $0
Balance Transfer Fee $0 intro fee for the first 60 days your account is open, then either $5 or 5%, whichever is greater.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.