Chase Slate Credit Card Reviews - What Is It?
WARNING: DO NOT USE Chase Slate Credit Card Until You Read This Review!
Is it a Scam? Does It Really Work?
The Chase Slate Credit Card appears to make a step further when compared to many other cards available on the market. It comes with a special balance transfer offer that is makes this card truly unique. This is the only card that requires no fee on balance transfers. In addition, the card offers some useful financial management tools that will help you to pay off the full balance with no penalties. Cardholders can benefit from no-fee introductory balance transfer within the first fifteen months. There is also no fee for balances transferred within the first sixty days of possessing the account. There is no annual fee that makes transferring a balance from another card completely free. Other cards have longer introductory periods and charge balance transfer fees.
Speaking about useful financial management tools, it is necessary to mention Chase Blueprint which is a set of features to help you control spending and borrowing of money. It will also help you to pay down a balance and create a customized spending plan to monitor progress when bringing down your balance. It will also help you to improve your spending habits. While the card offers 0% introductory APR on new purchases, it may have some potential pitfalls for those who are not timely payers. There is a late-payment penalty fee that is added to interest. As a result, you may have to pay quite a lot. The card offers no rewards program.
Customer Reviews - Does Chase Slate Credit Card Really Work?
You can find a great number of customer reviews on the card online. Most cardholders are happy with their choice. They are quite pleased with what the card offers, especially when it comes to paying off a large balance. You can benefit from Chase's unique financial management tools that will help you to create a payment plan. If you stick to this plan, you may rid of that balance much faster. The card turns out to be suitable for those people who are carrying a balance on another card. The Chase Slate Credit Card offers free introductory balance transfer offer that will save you a lot of money. This card is often preferred by customers who want to finance an expensive purchase with the introductory zero percent APR offer. However, you will have to pay it off in fifteen months. The customers claim that the card is easy to use. It allows you to create a plan to pay off your balance. If you don't do it in 15 months, the regular APR may be pretty high. You need to discipline yourself.
The Chase Slate Elite Credit Card may seems a little ho-hum at first. It doesn't offer a sign-up bonus or rewards. But it isn't an ordinary credit card. It focuses on helping people to pay off their debt. On that front, the card charges no fee for balances transferred to it within two months of opening it. This feature is a huge advantage over most other cards, which usually charge 3% to 5% of the amount transferred. After 60 days, the card does charge a fee. It is 5% of the amount transferred or $5. This fee does not sound like much to most clients. Many users see significant savings when transferring the balance. Another thing that most cardholders like about the card is a long 0% APR period. It means that you will have more than a year to pay down your debt. The card offers a 0% introductory APR on balance transfers and purchases for fifteen months. Then the ongoing APR is from 15.99% to 24.74% Variable APR. In that period of time, you are expected to be able to slim down your balance significantly.
What users like is $0 annual fee for holding the Chase Slate Credit Card. This will save you a lot of money on balance transfer fees and interest. So, if you're looking for a cost-effective way to pay down your debt, this card will be a good option for you. To help you track your progress, you will be provided with free access to your FICO score and other tools to realize your credit score. Generally, users say that the Chase Slate Credit Card is a great card that works well in different ways. One man ever writes that he doesn't understand why there are a lot of bad reviews on this financial product. Those people seem to wish an impossible credit limit but they have no patience to earn it. That's not Chase's fault, though. Let us take a look at what kind of experience real users appear to have when using this card.
"I have had my Chase Slate Credit Card for several years now and haven't had any problems. In general, I am satisfied with the card, but I must admit that they hesitate to give credit increases to their customers. Personally, I have never asked for a credit increase. It was a good idea to get this card. I can transfer a large balance to other cards. Lately, I have improved my credit score and I am paying off the balance. I do recommend this card to everyone."
"I have a Chase Slate Credit Card and a Chase auto loan. I have never made a late payment and my FICO score is 763. However, you don't need a perfect score to qualify for the card, but it is still important for requiring a high(er) balance transfer. This is the only card that can boast outstanding customer service and it is certainly worth applying for."
"Chase Slate Credit Card is a good card for me because I mostly use it to make low budget balance transfers within the 0% interest period. I also like their customer service. They always react to my letters and answer them immediately. I try to do my best to do my payments on time. I would recommend this card to everyone. In my opinion, it is the best credit card on the market. Good luck to you!"
My Final Summary
The Chase Slate Credit Card has a number of advantages. There is no annual fee. This is a big perk for cardholders with a limited budget. There is also no Penalty APR, which is good for balance-carriers who miss payment due dates by mistake. Other credit cards carry penalty APRs up to 29.99%. You can benefit from Generous Balance Transfer Promo Window. 0% introductory APR balance transfer promo refers to transfers made within the 15-month intro period, while other balance transfer promos give you just several months. For example, Citi Simplicity's 0% APR applies only to transfers conducted within four months. The Chase Slate Credit Card offers Fee-Free Balance Transfers for 60 Days. It means that within this period you are free to make balance transfers without paying the usual fee (5% of the transferred amount).
Another advantage of the card is the Free Monthly FICO Score that can be used by cardholders to learn more about credit management and to build credit. The only disadvantage of the card is that it offers no rewards or cash back, as well as no sign-up bonus. But this is a miserable drawback when compared to all the positive moments about the Chase Slate Credit Card. It doesn't bother with travel rewards; cash back rewards, or excessive value-added perks. Taking into account all pros and cons of this card, I can undoubtedly recommend it to usage.
Chase Slate Credit Card Pricing and Rates
There is no annual fee for using the card or Penalty APR. Before applying for the Chase Slate Credit Card, be aware that there are certain restrictions on the debt you can transfer to it. You cannot transfer debt from another Chase account and the amount you are transferring should not exceed $15,000 or your credit limit. This sum includes fees and interest.