Slate® from Chase, No Balance Transfer Fee

From the CompareCards.com Editorial Team:

The Slate credit card from Chase is a card known for its debt management tools and other helpful resources that can assist the customer in reducing credit card debt through responsible financial awareness and smart budgeting practices. The card has been well received and is considered a good choice for most consumers, so it deserves consideration if you are in the market for a solid credit card. With the Slate you can also get a really attractive introductory 0% APR for up to 12 months, and that is coupled with the fact that there is no annual fee. Leveraging those features you can, for example, easily transfer those high-interest balances over to the new Slate account to gain control of your debts through lower monthly payments and no interest for a whole year. The transfer fee is 3%, but that is lower than it is on some cards and the long introductory rate helps make this an appealing option.

The key to the Slate “Blueprint” concept is that there are four strategies offered to you to pay off your balance. You can pay no interest on common purchase categories like groceries or gas if you pay those expenses off each month. They will be treated separately from other balances you carry, whereas normally you have to pay off the whole balance in an all-inclusive way to avoid any interest payments. You can also choose to split off purchases of big tickets items and set up a special schedule for paying them down faster by applying payments to them. Chase keeps track of all this for you so you can see at a glance how much you have left to pay.

There is also a “finish it” option. You set a date for paying off your balance, and the Slate card sets up a plan or blueprint to help you meet that goal. The forth option is one that allows you to track your progress as you meet your budgetary or bill payment benchmarks. You can see exactly how you are making progress, so the Slate is the right card for those who want free tools that really help combat unwanted debt. Interest rates after the promotional period are based on your credit and range from 11.99% to 21.99%.

The Bottom-Line
The Slate is the ideal card for those who want innovative and intuitively designed tools for paying off credit card debts. The card also gives you options so that you can isolate certain purchases or portions of your debt and pay those off separately to pay them off faster. With no annual fee and a 12-month zero APR introductory offer this is a great card for helping you get out of debt and reduce high interest credit card balances.

The Good
The features are practical, helpful, and work to free you from credit card debt. The intro rate is unbeatable and there is no annual fee, plus the options available on the Slate card provide a real roadmap to guide you out of debt and financial trouble.

The Not So Good
If you don’t have good enough credit you might not qualify for this card. If you are more interested in rewards and cash back types of perks, then this is not your best choice because it is focused on debt management features.