The
Chase Slate® Credit Card is a good card for people with
good credit who want a long 0% introductory APRs for both purchases and balance transfers. It's easily worthwhile given its
$0 annual fee and low-interest promotions. On the other hand,
Chase Slate is not the best choice for people who want to earn rewards. The card does not offer any rewards on purchases.
What I Like About Chase Slate
0% Intro APR for New Purchases
Chase Slate offers
0% for 21 months on new purchases. That is longer than average for a 0% APR credit card offer right now. The average 0% promotion lasts for
11.59 months, according to
WalletHub’s Credit Card Landscape Report.
This long of a 0% intro period can save you a lot of money on big-ticket purchases that will take a while to pay off. Subjecting a big balance to normal interest rates would be extremely expensive right now. Plus, if you plan to do a balance transfer, this feature enables you to make purchases at the same time without racking up interest charges.
0% Intro APR for Balance Transfers
Slate also gives new cardholders
0% for 21 months on balance transfers. That is several months longer than average for a balance transfer credit card offer (
13.05 months). If you owe another lender and they’re charging a high interest rate, this could be a game-changer.
$0 Annual Fee
Most low interest credit cards have no annual fee, so this won’t really help you choose, but this feature still makes Chase Slate about
$28.25 per year cheaper than the average credit card offer.
Instant Use
If you get approved for this card, you can add it to a digital wallet to use it immediately, before you receive your physical card in the mail.
DashPass Deal
If you activate the offer in time, you can get six months of DashPass for free. This gets you fee-free deliveries and lower service charges on eligible DoorDash orders. You can also get quarterly bonuses for non-restaurant orders.
What I Don’t Like About Chase Slate
Expensive Balance Transfer Fee
The low introductory APR is great, but you also have to deal with a balance transfer fee of either $5 or 5%, whichever is greater. Make sure to account for that, along with your payoff timeline and the regular APR, when choosing a balance transfer credit card. You can use our balance transfer calculator to crunch the numbers.
18.24% - 28.24% (V) APR
The
Chase Slate APR can be anywhere from
18.24% to 28.24% (V), depending on your credit score, income, existing debt and other factors. Currently, the average interest rate among new credit card offers is
22.11%.
No Rewards
Chase Slate does not reward cardholders for making purchases. This is not uncommon for 0% APR credit cards. It shouldn’t be a big deal, either. You just need a
rewards card to use for everyday purchases that you can afford to pay off by the due date each month.
3% Foreign Transaction Fee
Low interest credit cards without ongoing rewards usually aren’t the best choice for international spending, and the Chase Slate Card’s foreign fee provides further evidence of its unsuitability for that task:. It's
3% of each transaction in U.S. dollars. You’re better off using a
credit card with no foreign fee instead.
700+ Credit Score Needed
You need
good credit or better to get approved for the
Chase Slate card, which is unfortunate because plenty of people with lower credit scores could certainly benefit from this card if given the opportunity. You can
check your latest credit score for free here on WalletHub to assess your chances.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
