You’ve just found out your credit score is pretty low, and you’re interested in entering the points world. You may also need to float some cash for awhile to pay off a few bills.
Where do you turn?
Luckily, the Chase Slate® Card has your back. As a great starter card available to a larger audience, you can get on your feet in no time!
Card Summary Table
- Card Bonus & Info (Partner Content)
- Card Provider
- Card Type(s):
- Card Focus:
- Annual Fee
- Foreign Transaction Fees3%
- Typical UsersParents / Families, The Average Spender
- Customer Service Number
1-800-935-9935 (Available 24/7)
- Login Link
- PartnersNone with this card
- Interest Rates ?
- 0% Intro APR on Purchases for 15 months
- Ongoing APR: 16.49% - 25.24% Variable
- Late fees ?
- Up to $37
- Balance Transfers
- 0% Intro APR on Balance Transfers for 15 months
- Ongoing APR: 16.49% - 25.24% Variable
- Cash Advance APR
- 26.49% Variable
The Ideal Cardholder
Chase Slate® Card Sign-Up Bonus
Right now, when you sign up for the Chase Slate® Card, you will get an intro APR on both purchases and balance transfers (see card summary table above)!
That’s a great deal for those who need to float some cash for one reason or another, whether you’re starting your own business or you’ve hit a temporary hard time.
This is great for getting out of debt!
Advantages of the Chase Slate® Card
If you’re trying to build credit, you’ve got to start somewhere. As we suggest in our Beginner’s Guide, when getting your first card you should make sure it’s one with $0 annual fee.
This is because you want to open the card and never close it again to keep your active account age as high as possible! This is a perfect card to do that with.
Your other big advantage with opening up this card is that it offers you a free FICO score! Currently, this is the only Chase card that offers this benefit, and it is a great tool to use to build credit.
Tracking your score monthly allows you to see when you can afford to open a new card, and the card offers you the ability to do this for free.
Using the Card for Debt Consolidation and Cash Flow
Whether you’re in debt or need cash, this card offers a longer intro APR period than most other cards. You typically have over a year to pay back your purchases and balance transfers.
If you are looking for a balance transfer, you can also typically get no fee transfers for your sign-up bonus.
While we don’t recommend holding balances, inevitably many of us have had to do it at some times in our lives. If you do, we always recommend doing this as smartly as possible.
Along those lines, if you do happen to miss a payment after your APR period ends, then you won’t be stuck with a high penalty APR…because there isn’t one!
That being said, don’t miss any payments during your intro APR period, because that typically ends your introductory offer period and leaves you with a bunch of interest to pay.
If you need help paying off your card, you can utilize the Chase BluePrint tool, which is a great tool to help you pay off balances and save on interest.
Lower Interest Rates Than Other Cards
Another advantage of the Chase Slate® Card is its lower interest rates. Although variable, they start pretty low compared to most cards. Other cards may start at 15% or more, and every percentage can really make a difference.
The more trustworthy you prove as a cardholder, the better your credit score will be, and ultimately the better your interest rates will end up.
Drawbacks of the Chase Slate® Card and Alternatives
Obviously, the major drawback from our standpoint at Upgraded Points is that there are no card rewards, points, or cash-back opportunities.
Essentially, any spending you put onto this card will give you no bonuses besides building credit.
Some alternative no annual fee cards you could use that would earn points (or at least cash-back) are the following:
- Citi® Double Cash Card
- Chase Freedom® Card
- Citi® Hilton Honors™ Visa Signature® Card
- Discover it Miles Card
There really aren’t any other drawbacks; the card is meant for a very specific purpose and it does that very well!
Final Thoughts on the Card
This card is not for everyone. If you are the type of person who is looking to really build points, then this card will not offer you much value. In fact, by opening the card you may lower your credit score.
However, not everyone has perfect credit, and we all must start somewhere. This is the perfect starter card for your credit building strategy.
It also offers those who may need cash flow and balance transfers a very generous 15 months of no interest.
It is up to you to decide if the Chase Slate® Card is right for you!
Great Card If
- You need to begin building your credit
- You can make use of a 0% APR for purchases and balance transfers (if you’re in debt and need consolidation, starting a business, etc.)
- You need a card that offers you a free FICO score (and has no annual fee!)
Don't Get If
- You are looking for a points-building card
- You want a card with lots of fringe benefits
U.P. Pro Tip
If you’re using the Chase Slate® Card to carry a balance, make a plan right away to begin paying it off! Having a good monthly payment plan will help ensure you pay the card off in time before you begin to accrue interest.
Set up the auto-pay to pay the minimum amount each month, or the minimum amount you want to put on the balance each month to pay it off.
If you don’t pay at all, you will likely get hit with the full interest of the balance, as this violates the introductory offer!
How To Use the Chase Slate® Card: The Upgraded Way
Best Way To Maximize Points
The card does not earn any points, miles, or cash-back.
Best Way To Redeem Points
The card does not earn any points, miles, or cash-back.
This is not a travel or points card, so there are no real partners.
One “partnership” you do get is access to your FICO score, which is not offered by all cards. In fact, this is the only Chase card to offer this benefit!
Because this card does not earn any points, there is no math to be done. The card costs you nothing to get, so there is no real downside!
The Gritty Details: Everything Else You Need To Know
This Chase Slate® Card is incredibly basic. All you need to know is that your intro APR for purchases and balance transfers is available for a certain number of months from the time you open your card.
It’s also important to note that you only have a set amount of days to make your balance transfer at no fee.
Make sure to pay something on your card monthly (usually $25+, depending on your balance), or you risk losing your intro APR and having to pay interest on your full balance.
Balance transfers are limited to your available credit or $15,000, whichever is lower. The debt you are transferring will be paid off after 10 days of the request.
Photo Credits/Credit/Copyright Attribution:
Got Your Back: George Allen Penton/Shutterstock
Debt Free Sign: Andy Dean Photography/Shutterstock
Improve Your Credit: iQoncept/Shutterstock
Budget Sign: Palto/Shutterstock
The card is a no annual fee credit card offered by Chase. While the card does not earn any points or have many benefits, it is a great starter card for those who need credit.
Currently, the card offers a 0% intro APR for 15 months, and it is the only Chase card to offer the free FICO score at this time. This is great for tracking your score and helping you open new cards.
The card is accepted anywhere that accepts Visa, and is also usable with the chip and pin technology processors.
The monthly minimum payment formula will be in your cardmember agreement. It is usually a $25 minimum and increases per the size of your balance. For instance, a $10,000 balance may have a $100 minimum payment.
Check your cardmember agreement for details.
You access the card through the Chase credit card login.
You will pay 3% in fees for using this card overseas.
Improving your credit limit has to do with your credit score. If the bank trusts you, then you'll be able to improve your credit limit. If your score is low, you likely haven't shown much trustworthiness.
In order to improve your credit limit, you should call your customer service agent at Chase. Sometimes, they will automatically increase your credit limit over time, but not always.
This depends on what you are looking for. If you want a points card, then the Chase Sapphire Preferred® Card is the better choice. However, if you are just looking to build credit, the Chase Slate® Card is the better choice.
The Chase Sapphire Preferred® Card costs $95/year, while the Chase Slate® Card has no annual fee (but offers you a free FICO score!).
Both of these cards would be a great starter card, since both have no annual fees. However, the Chase Freedom® earns cash-back, which will help you earn travel rewards if combined with a Chase travel card.
The Chase Slate® Card offers you a free FICO score, which the Chase Freedom Card does not. On the other hand, you will get some low-level insurance benefits with the Chase Freedom Card which the other card does not have.
Both cards are offered at no annual fee, and therefore would be good basic credit building cards. The Capital One Quicksilver Cash Rewards Credit Card offers a flat 1.5% cash-back for all purchases, helping you reduce your bills!
The Citi® Double Cash Card is another no annual fee card that would work in place of the Chase Slate® Card as a credit builder. The Citi® Double Cash Card offers a 2% total cash-back, which is even better than the Capital One Quicksilver Cash Rewards Credit Card.
Chase Sapphire Preferred® Card
10 best ways to use 60,000 Chase Ultimate Rewards points (E.g. Fly 2 People To Hawaii, Round-Trip!)
And – discover 10 of the most valuable benefits you’ll get access to as a cardholder.