Chase Slate is a balance transfer card designed to help people to eliminate their credit card debts quickly. The card is affiliated with the Blueprint program that aims to assist you to making plans to pay off all your debt within a period. Chase Slate will not charge you any balance transfer fee if you transfer your existing debts into the card within the time frame of 60 days after your account is opened. If you transfer the debt after 60 days, you will be charged with a 5% fee or a minimum of $5. The 5% fee can be significant if you want to transfer a large amount of debt.
So, if you want to cut down costs, you must remember to transfer the balance in the first 60 days. Chase slate offers 0% APR during the 15 months introductory, that is more than 1 year for you to pay off your debt. After the introductory period, you will pay the normal APR rate. Chase Slate offers variable APR rates including 13.24%, 18.24%, and 23.24%. The card is cost effective for settling your debt because it does not charge any annual fee. Besides, the card also does not charge any penalty APR rate. This means that the APR rate won’t increase if you pay late or miss a payment.
The Chase Slate card also does not charge any APR when you purchase things during the introductory period. Chase card also offer free monthly FICO score for customers and you can check the credit score can online. It will show a summary of your credit report so that you can manage your credit score better. The free FICO score allows you to conveniently see how your score has improved over time as you continue to pay off your credit card debt. To transfer your balance with Chase Slate, you will need to get the account number and the amount of balance you owed on the card.
You can transfer the balance by calling the customer service number located behind the credit card. The representative will ask you a few security questions before asking you for the card number and debt amount. Alternatively, you can transfer the balance online through online banking. Chase allows you to transfer up to $15,000 from other credit card accounts in a period of 30 days.
When you are transferring the balance, make sure the terms match with the offer for example 0% fee and 0% interest rate during the introductory period of 15 months. In summary if your searching for the best offers in 2019, Chase Slate is suitable for people who are confident that they can pay off their debt in 15 months. You must create a plan to clear up your debt by the end of the balance transfer so that you can prevent paying the high interest charges.