The Slate Edge Card balance transfer fee is Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after) The balance transfer fee on the Slate Edge Card is assessed when an eligible debt is moved to the card, and the fee amount will be automatically added to the balance.
This credit card is good for balance transfers, as it offers an introductory APR of 0% for 18 months, which can help cardholders save money on interest. For reference, the average balance transfer card offers low interest for 13 months and charges a transfer fee of 2.44%. But keep in mind that a regular APR of 15.24% - 23.99% (V) will apply to the balance after the intro period ends.
To do a balance transfer with the Slate Edge card, new applicants can just complete the balance transfer portion of the Slate Edge application. Existing cardholders can request a balance transfer online or by calling customer service at (800) 432-3117.
Slate Edge balance transfers usually take up to 21 days to process. In the meantime, continue to make payments on your original debt to avoid any late fees and possible damage to your credit score.… read full answer
How to Do a Balance Transfer with Slate Edge (New Applicants)
Open the Slate Edge
Enter the account number for your existing balance.
Enter the amount you want to transfer.
Include standard application info such as your name, Social Security number, and annual income.
Submit the application.
How to Do a Balance Transfer with Slate Edge (Existing Cardholders)
Log in to your Slate Edge
Select “Card balance transfers” from the Pay & Transfer
Click on the balance transfer offer you'd like to redeem.
Enter the account number(s) and the amount(s) you’d like to transfer.
Verify your information is correct and submit the application.
Key Things to Know About a Slate Edge Balance Transfer
The Slate Edge card accepts balance transfers from other credit cards, and Chase may allow you to send some or all of your available credit to your checking account to pay non-credit card debts with balance transfer terms. The Slate Edge card does not allow balance transfers from other Chase credit accounts.
If you’re transferring a balance to a credit card with an introductory APR on balance transfers, try to pay off the balance before the introductory rate expires. Any balance remaining after that will accumulate interest daily at the card’s regular APR. Using a balance transfer calculator can be a big help.
Finally, the card’s balance transfer fee is: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). Make sure to take this into account, too.
The Chase Slate Edge℠ interest rate is 15.24% - 23.99% (V), with the actual rate depending on factors such as your income, credit history and existing debt. The Slate Edge card also offers new cardholders an introductory interest rate of 0% for 18 months on purchases and 0% for 18 months for balance transfers. After the card’s intro rate expires, the regular interest rate applies to any remaining balance. The regular Slate Edge card interest rate is variable, meaning it can change based on certain economic conditions.… read full answer
The Slate Edge gives you a 21-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Slate Edge card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
In addition to the regular interest rate, Slate Edge also charges a separate 25.24% (V) interest rate on cash advances and a penalty rate for late payments. All Slate Edge card interest rates will be listed on your statement and on your online account summary.
You can request a Chase Slate Edge℠ credit limit increase by calling customer service at 1-800-432-3117. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Chase has on file. Chase will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
Impact of a Slate Edge Credit Limit Increase on Your Credit Score
When you request a Slate Edge credit limit increase, Chase will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. Chase cannot do a hard pull without your permission, though.
Alternatively, you could be eligible for a Slate Edge credit limit increase without even requesting one. The Slate Edge card may offer an automatic credit limit increase if Chase’s regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
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