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Chase Slate 0% APR No Fee Balance Transfer Credit Card Offer

Chase Slate 0% APR No Fee Balance Transfer Credit Card OfferUpdated January 10th, 2013: While Slate from Chase is best known for its innovative BluePrint money management tools, consumers searching for balance transfer credit cards will find that Chase Slate offers the best opportunity to save money on a 0% balance transfer.

Typically, credit card companies charge a 3% to 5% balance transfer fee. However, Chase Slate is the only major credit card offering a 0% introductory period on balance transfers that charges no balance transfer fees. Plus, at 15 months, the introductory period on Slate from Chase is only a mere three months shorter than what is available on the longest balance transfer offers.

Savings from the Chase Slate No Fee Balance Transfer Fee Offer

Before the credit crisis, a number of credit card companies offered no fee balance transfers. Companies that did charge balance transfer fees tended to limit the maximum amount to $75 per transaction. After the crisis, balance transfer fees jumped. While most have come down to the 3% range, the old $75 maximum no longer applies. Consequently, consumers seeking 0% balance transfers are typically required to spend about $30 for every $1,000 transferred. While this is often a pittance compared to what can be saved by doing a balance transfer, balance transfer fees do add up.

Chase Slate’s no balance transfer fee promotion removes a psychological hurdle that prevents many consumers from utilizing 0% APR balance transfers to their advantage by shaving off the up front cost of these transactions. For example, a consumer who transfers $4,000 to a typical balance transfer card incurs $120 in transaction fees. With Chase Slate, the cost of transferring the same balance drops to zero – an up front savings of $120.

Is Slate from Chase the Right Balance Transfer Offer to Choose?

Consumers with excellent credit get a 0% APR on balance transfers and purchases for 15 months, which is only three months shorter than the longest offer currently available – the Citi Simplicity Card currently offers an 18 month intro period. However, many consumers will save more on fees than they will with an extra 3 months of 0% interest, so in most instances, this is likely the best option available.

You can learn more about Chase Slate below or apply online here.

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Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jeffrey Weber

Jeffrey Weber has been following and blogging about the credit card industry since 2004. He has also written for Forbes and been cited in a wide range of major media outlets including USA Today, Time, MSN Money, The Christian Science Monitor, The Detroit Free Press and numerous other prestigious online and print publications.

Jeffrey resides in Easton, Connecticut and enjoys spending his free time chasing after his two year old son, watching films with his wife and occasionally taking a holiday to go snorkeling.

– has written 63 posts.

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