Credit Card Review & Application

Slate from Chase MasterCard


out of 5

- Introductory Offer – No Balance Transfer Fee!*
- Transfer a balance during the first 60 days your account is open, and as an introductory offer you will pay no balance transfer fee!*
- After the first 60 days, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.*
- 0% Introductory APR for 15 months on purchases and balance transfers!*
- Avoid interest and pay down balances faster with free Blueprint® features*
- Patented Fraud Protection and zero liability on unauthorized purchases*
- Add an additional card user to your Slate account at no extra cost*
- No Annual Fee*

Introductory APR: 0%*
Introductory Period: up to 15 months
APR on Purchases: 11.99% - 21.99% (variable)*
Annual Fee: $0*
Card Issuer: Chase
Card Network: MasterCard®
Card Category: Consumer (Regular)
Card Type: - Low Interest Credit Card
Credit Needed: Good*

The Slate card from Chase MasterCard is a card designed to help cardholders pay down their balances. The system is easy, allowing users to customize their plan and then the progress can be viewed on their monthly statements. The card is easy to apply for and everything is personalized, from APRs to the way you pay down your balance.

The card is easy to obtain. An online application is completed, filling in basic personal information. It will ask some basic questions regarding bankruptcy and your history of delinquency on other accounts. From there, you'll enter your income sources and you're on your way to getting a Chase MasterCard. The results are virtually instant, so there's no waiting around to find out if you've been approved or not.

The card itself has no annual fee. This means that what you spend, plus interest, is all that you're paying. Depending on your credit is what will determine the APR. If you've got excellent or really good credit, you'll have a lower APR. If you've only got average credit, you'll have a slightly higher APR. The card allows you to carryover balances from other accounts, too, being able to benefit from the Slate plan on all of your debt, depending on the credit limit you're approved for.

The card program is called Blueprint and is focused on helping people to save on interest and pay balances off faster. In today's economy, Chase is aware that credit cards are often hurting people, so they've devised a system to help. There's the option of paying the balance in full and avoiding paying interest altogether. If that's not something that's feasible, there's also paying down the balance by entering goal dates to have it paid off by, or a monthly amount that you can afford and they calculate from there. There's also the ability to pay off larger purchases separately from some of the day to day expenditures. The monthly statement shows spending trends and also gives you updates on how you're coming along with reducing your overall balance.

The card gives you all the tools you need in order to be successful in paying off your balance. They understand that certain purchases on credit cards are a necessity, but they also know that paying them off and paying interest rates can be a burden. They've created an effective way to manage the debt and make payments that actually help to pay down the balance. This way, it doesn't feel like you are paying and paying without ever seeing the balance go lower. Chase gives you the control that others don't.

The review prepared by . Opinions expressed therein are solely those of the reviewer.

Rewards: There is no reward program for this card.
Other Benefits: See card website for additional benefits.
Online Account Access: Yes
Introductory APR: 0%*
Applied Towards: Purchases
Introductory Period: up to 15 months*
APR on Purchases: 11.99% - 21.99% (variable)*
Annual Fee: $0*
Grace Period: 20 days (Min.)*
Min Finance Charge: $1.50
Late Payment Fee: $35.00*
Over Limit Fee: $35.00
Balance Transfer: Yes
Transfer Fee (%): 3.00%
Minimum Fee: $5.00
APR Cash Advances: 23.24%
Cash Advance Fee: 3.00%
Minimum Fee: $10.00
Additional Fees - International Transaction fee: 3% of the U.S. dollar amount of the transaction, whether originally made in U.S. dollars or converted from a foreign currency.
- Return Payment: Up to $35.00.
- Return Check: Up to $35.00.

We do not offer online application for this card at the moment.

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† The information provided for Slate℠ from Chase MasterCard is believed to be accurate at the time of evaluation (Jan 5, 2013). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.

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