Chase has upped the ante if you are in the market for a 0% balance transfer card. Called Slate® from Chase, the card offers a broad range of benefits including a 0% APR introductory rate for 15 months on both purchases and balance transfers. What sets the card apart, however, is that there is no balance transfer fee. The card also has no annual fee, so this is as close to free money as you can get.
While we maintain a list of balance transfer offers, this deal is as good as it gets.
Slate® from Chase Rates and Terms
As with most credit cards today, Chase uses a tiered pricing structure with this card. This means that the interest rate applied to the Slate® from Chase depends on the applicant’s credit history and credit score. Chase uses three tiers, called Elite, Premium and Standard pricing.
Blueprint is a feature introduced by Chase to help cardholders better manage their accounts. With Blueprint, you have four different options that may prove very helpful:
Full Pay: With Full Pay, you can select those categories of purchases that you will pay off in full each month. When you pay them off in full each month, you won’t be charged interest on those purchases, even if you have other balances on the card that are not part of Full Pay. Here is Chase’s description of Full Pay:
FULL PAY is a feature that lets you avoid paying interest on everyday purchases. You can select the types of purchases you would like to pay off in full each month. Those purchases will be separated out for you and totaled on your monthly statement. As long as you make your BLUEPRINT Payment by your due date, you will not pay interest on those purchases.
There is no charge for this service, and you can change or cancel your Full Pay categories any time. You can set up a maximum payment for Full Pay, with any overage going into your regular account. And if you can make a Full Pay payment in any given month, your account will still remain in good standing so long as you make the minimum payment due on time and comply with the other terms and conditions of the card. In short, Full Pay is a benefit for cardholders to better manage their money, but there is no obligation to use this Blueprint feature.
Split: The Split feature of Blueprint allows you to set up payment plans for larger purchases. Here’s how Chase describes Split:
SPLIT is a feature that lets you build a custom plan to pay off a large purchase. Simply decide how much you want to pay each month or how fast you want to pay it off. We do the math and set up the plan for you. The plan and your payment progress will appear clearly and separately on your statement.
Split allows you to set up a payment plan based on a set monthly payment or based on the number of months to pay off the balance in full. And Chase has tools that will calculate this information for you online.
Finish It: The Finish It feature is similar to Split It, but it covers the entire card balance. With Finish It, Chase Blueprint will help you devise a plan to pay off the entire balance on the credit card. According to Chase,
FINISH IT is a feature that allows you to build a custom plan to pay down your card balance. Simply decide how much you want to pay each month or how fast you want to pay it off. We do the math and set up the plan for you. The plan and your payment progress will appear clearly and separately on your statement.
Track It: All credit card purchases are automatically categorized. These categories include automotive, dining, drugstores, grocery stores, and so on. Chase puts this feature to good work with Track It. All of your purchases are separate into their respective categories that you can track online. Track It also lets you set a budget for each category. These budget amounts can be changed anytime, and are designed to help you better manage your money.
0% Introductory Rates
Slate® from Chase offers a 0% introductory rate for 15 months on both purchases and balance transfers. If you have the excellent credit required to obtain this offer, you’ll find both 0% rates to be some of the best available. As noted above, the no fee balance transfer is the longest 0% offer available without paying a transfer fee.
Published or updated May 9, 2013.