Tonight Chase released a spectacular offer for those that may carry a balance on their credit cards. While this credit card may not earn you initial miles or points, it can save someone money on interest if you carry a balance. The new Chase Slate card now features 0% interest for a full 15 months, in addition to no balance transfer fee. That is an excellent offer, as typically for the last several years there has been a minimum fee with often no maximum to transfer a balance.
Please note to qualify for the no balance transfer fee offer, you need to perform a balance transfer within the first 30 days your account is open. This corresponds to the day the application is approved, not the day you receive the card, which could be a week or two later. So you may want to perform the balance transfer directly on the application to save time.
The process is simple, as all you do is put on the application the other credit card information.
For those that do not carry a balance, one can always balance transfer from another zero balance credit card, and cash out the balance. The value can then be placed into a secure account to earn interest, but with today’s low rates, it may or not be worth your time.
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This is a great card for those carrying balances. The fact that there is no transfer fee is amazing! I had to transfer a large amount of debt last year because I was holding it for a family member as they payed me back. The best deal I could get was 12 months- 0% interest with a 3% transfer fee, still saved over $1000 since transferring it and this allows you to pay down your debt faster without paying interest.